Producer prices come in softer than consumer prices in March
After consumer prices rose, producer prices rose less than economists expected in March, providing some relief to analysts and suggesting that underlying inflation may still be easing. suggested. The Labor Department’s Producer Price Index (PPI) rose 0.2% last month, lower than the expected 0.3%. The index rose 0.6% in February and 0.4% in January. PPI […]
Consumer Prices Rise More Than Expected For Third Straight Month
The consumer price index in March increased by 0.4% from the previous month. Compared to 12 months ago, the composite index rose by 3.5%. Economists had expected sales to rise 0.3% month-on-month and 3.4% over the 12 months. Core inflation, which excludes food and energy, rose 0.4% in the month, in line with last month […]
Google to destroy browsing data to settle consumer privacy lawsuit
Google has agreed to destroy billions of data records to settle a lawsuit alleging that it secretly tracked the Internet usage of people it believed were browsing privately. The terms of the settlement were filed Monday in federal court in Oakland, California, and must be approved by U.S. District Judge Yvonne Gonzalez Rogers. Lawyers for […]
Google Will Destroy ‘Incognito Mode’ Browsing Data To Settle Lawsuit Regarding Consumer Privacy
(Photo by Michael M. Santiago/Getty Images) OAN’s Brooke Mallory11:50am – Monday, April 1, 2024 Google has agreed to delete billions of data records to settle a lawsuit that accused it of secretly monitoring the Internet activity of users it believed were surfing privately. advertisement The terms of the settlement were filed Monday in federal court […]
Inflation ticker higher in February as consumer spending soared
Inflation rose for the second consecutive month in February, according to new federal data released Friday. Personal Consumption Expenditures (PCE) Price Index, Inflation, the Fed’s preferred method of measuring inflation, rose 0.3% in February. The annual inflation rate rose to 2.4% in February, up 0.1 percentage point from January. “Core” inflation, which excludes volatile food […]
Final fourth quarter GDP revised upwards as consumer spending rises
Increased consumer spending boosted U.S. economic growth in the fourth quarter. (iStock) Third and final estimate of real gross domestic product (GDP). 4th quarter of 2023 The Bureau of Economic Analysis (BEA) showed the U.S. economy grew at an annual rate of 3.4%, which was revised upward. The figure was slightly higher than BEA’s second […]
Stronger Consumer Spending Boosts Fourth Quarter GDP Estimate
The U.S. economy ended last year growing at an even stronger pace than previously thought, government data showed on Thursday. Gross domestic product, the economy’s official scorecard, grew at an annual rate of 3.4% in the last three months of 2023. According to previous forecasts, the economic growth rate was 3.2%. Figures are adjusted for […]
US consumer sentiment ticks down slightly, but most expect inflation to ease further
WASHINGTON (AP) – Consumers have become slightly less optimistic about the economy this month, but still expect inflation to slow further, a sign that price growth may continue to slow. The University of Michigan Consumer Confidence Index, released in preliminary figures Friday, fell to 76.5 in March, just below February’s 76.9. Americans’ outlooks have remained […]
Consumer loss looms with the Credit Card Competition Act
Many Democrats seem to dislike credit card companies, despite the myriad benefits they offer consumers. This perspective seems to focus on vague and misguided claims about greed and price gouging, and treats almost any inconvenience associated with credit card use as prima facie evidence of fraud. The answer, of course, is more regulation. Or so […]
GOP blasts consumer agency over push to regulate digital wallets, payment apps
House Republicans attacked the Consumer Financial Protection Bureau (CFPB) during a hearing Wednesday over proposed rules that would regulate financial services such as digital wallets and payment apps. The agency released a proposal to supervise nonbank financial technology in November, with CFPB Director Rohit Chopra saying the rule would “help ensure that large technology companies […]