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Mar 06 2023
Despite stubbornly high inflation, consumer spending in Mexico increased by 6.5% annually in 2022, according to data published by the national statistics agency INEGI on Monday. The data is based on INEGI’s monthly indicator of private consumption (IMCPMI), which measures household spending on domestic and imported consumer goods and services. This is one of the most important components ofMexico News Daily
May 16 2023
Consumers are taking on smaller home improvement projects as higher interest rates and inflation take their toll. Home Depot (HD) said Tuesday that sales fell 4.5% at stores open at least a year during its latest quarter, and its income decreased 6.4% from the same stretch a year ago. Total revenue for the quarter slumped 4.2% versus a year ago, to $37.3 billion. The retailer also citedCBS News (Online)
Jun 30 2023
The US Supreme Court’s ruling throwing out President Joe Biden’s student-loan relief plan will likely further dent consumer spending at a time when the main engine of the economy is already stalling. The decision to overturn the forgiveness program, which would have canceled as much as $20,000 in student debt for certain federal borrowers, won’t have a major impact at the macroeconomic levelThe Dallas Morning News
Jul 13 2023
The US Federal Trade Commission has reportedly launched an investigation into whether OpenAI, the company behind popular AI chatbot ChatGPT, has violated consumer protection laws. The FTC sent OpenAI a 20-page request for documents covering concerns related to data privacy and reputational harm, according to a report Thursday from The Washington Post. The agency also asked for details onCNET
Apr 30 2023
It's not fair to consumers to get charged high add-on fees for tickets to sporting events or concerts, let alone deal with the frustration of buying tickets online, Sen. Ted Cruz tells Newsmax, and he's fighting back with legislation called the Ticket Act.
"I've teamed up with Maria Cantwell, who is the Democrat from Washington state. She's the chairman of the Senate Commerce CommitteeNewsmax (News)
Jan 27 2023
U.S. consumer spending fell in December, putting the economy on a lower growth path heading into 2023, while inflation continued to subside, which could give the Federal Reserve room to further slow the pace of its interest rate hikes next week.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% last month, the Commerce Department said onReuters
Jun 07 2023
Jul 11 2023
Bank of America, the second-largest U.S. bank by assets, engaged in deceptive practices that hurt hundreds of thousands of its customers in recent years, the Consumer Financial Protection Bureau said Tuesday.
The bank charged multiple $35 overdraft fees for the same transaction, failed to properly issue rewards to credit card users and signed up customers for card accounts without theirCNBC
Jun 07 2023
The sun rising over Manhattan as New York City is covered in smoke from Canadian wildfires on June 7, 2023. City Hall has urged New Yorkers with heart or breathing issues to limit outdoor activities. New York has worse air quality than every city in the world, according to pollution tracker IQair. The smog seen through the window of the Staten Island Ferry. A man wearing a gas mask due to theNew York Post (News)
Mar 03 2023
Video captures the moment a snowboarder and skier survived an avalanche that occurred in the White Mountains of New Hampshire at the end of February. R.J. Phipps visited Tuckerman Ravine on Feb. 25 to take pictures and ended up capturing the avalanche on his camera, WMTW reported. A skier and snowboarder ascended Lion Head Trail with the intention of descending down a route in Tuckerman RavineThe Daily Caller