The Retail Sales Data Mania: How Much Is Too Much? getty Any sports fan who has ever dashed to the kitchen to grab a beer just as their favorite team botched a play that flipped the score knows well t...
Tag: Consumer
National Storage Sees Big Insider Stock Buys
Shares of self-storage firm National Storage Affiliates Trust have tumbled in 2022, and are now trading near a two-year low. Two insiders, including a company founder, purchased large amounts of stock...
Wine Windows In Renaissance Florence Facilitated Direct To Consumer Sales
View of Cathedral of Florence getty Direct to consumer (DTC) wine sales in the U.S.—where producers ship bottles directly to households—bypass distributors and retail stores. This requires more sales ...
Key Inflation Gauge Cools, US Consumer Spending Misses Forecasts
(Bloomberg) — The Federal Reserve’s preferred inflation measures eased in November while consumer spending stagnated, suggesting the central bank’s interest-rate hikes are helping to cool both p...
Is the Stock Market Open Today? Here Are the Trading Hours for Christmas.
This holiday season hasn’t exactly been filled with cheer for investors: Companies have been battling inflation and market volatility—and a recession seems to be looming ahead. On Thursday, the market...
Stocks close sharply higher as Nike, consumer sentiment spur Wall Street rebound
U.S. stocks rallied Wednesday as strong earnings from Nike and FedEx, along with upbeat consumer confidence data, lifted sentiment after a recent bout of selling. The S&P 500 (^GSPC) surged 1.5%, ...
BTC Briefly Above $17,000 Ahead of US Consumer Confidence Report – Market Updates Bitcoin News
Bitcoin was briefly trading above $17,000 on Wednesday, as markets prepared for the release of the upcoming U.S. consumer confidence report. Today’s figure is expected to come in at a reading of 101.0...
Exchanges are counting on ‘proof-of-reserves’ to restore consumer confidence, says Bitstamp US CEO
Episode 127 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Bitstamp USA CEO Bobby Zagotta. Listen below, and subscribe to The Scoop on Apple, Spotify, Googl...
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses
Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Blo...
How A Former VC Built A Consumer Tech Company To $75 Million Revenue With No Investors
Skylight founder and CEO Michael Segal (left) and new president Aviv Gilboa Skylight Back in 2018, Michael Segal was working at Bessemer Ventures and building his side business making digital picture ...
DraftKings Is Questioned by the Market. Citi Says the Stock Is a Buy.
DraftKings doesn’t get enough credit from the market, says one Citi analyst, citing the company’s ability to grow as more states legalize online sports betting. In a research note issued Thursday, Cit...
Jim Cramer says he likes these 5 consumer staple stocks in 2023
CNBC’s Jim Cramer on Wednesday recommended a slate of consumer staple stocks for 2023. “I’m not entirely convinced that we’re headed for a recession next year, but we’re ...
To Stop Killer Drones, Ukraine Upgrades Ancient Flak Guns With Consumer Cameras And Tablets
At an exercise near Dnipro, a crew uses a tablet with a feed from two commercial CCTV cameras sold … [+] by Chinese company Hikvision to aim a 20-millimeter M75 anti-aircraft gun. Ukraine Territ...
Crypto consumer protection, proof-of-reserves bills introduced into US Congress
United States Representative Ritchie Torres has introduced bills in the House of Representatives to prohibit misuse of customer funds by cryptocurrency exchanges and to require they disclose proof of ...
Comcast Customers Are Not Going to Like This
Cable companies like Comcast (CMCSA) – Get Free Report and Charter Communications (CHTR) – Get Free Report began their business lives as monopolies by contract. In exchange for building ou...
Wells Fargo, BofA CEOs say consumer demand is cooling, recession looms
Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images American consumers are tapping the brakes on spending as the ...
Norwegian Stock Is a Buy, Royal Caribbean Is a Sell, Says Analyst. Here’s Why.
Norwegian Cruise Line Holdings has strong growth opportunities, while Royal Caribbean Group will be dealing with near-term funding requirements, according to a J.P. Morgan analyst. Daniel Adam assumed...
Crypto firms under probe by U.S. consumer watchdog for deceptive ads
The United States’ Federal Trade Commission (FTC) is probing several crypto firms for potentially fraudulent or misleading advertising. According to FTC spokesperson Juliana Gruenwald, the agency is l...
What to watch for as J&J gets ready to spin off its consumer unit
Johnson & Johnson (JNJ) is preparing next year to spin off its consumer health unit into a publicly traded company separate from its pharmaceutical and medical technology operations. Ahead of the ...
Consumer price inflation almost at its peak, says ECB economists
European Central Bank Chief Economist Philipp Lane has stated that consumer price inflation is almost its peak as he conceded that lending rates are likely to be increased again. Inflation about to pe...
Jamie Dimon says inflation eroding consumer wealth may cause recession next year
JPMorgan Chase CEO Jamie Dimon said that inflation could tip the U.S. economy into recession next year. While consumers and companies are currently in good shape, that may not last much longer, Dimon ...
US consumer watchdog probes crypto firms over deceptive ads
Several crypto firms are facing a probe from the United States Federal Trade Commission (FTC) over possible deceptive or misleading advertisements relating to cryptocurrencies. According to a Dec. 6 r...
PepsiCo Cutting Hundreds of Jobs in North America: WSJ
PepsiCo is planning to cut hundreds of jobs at its North American snacks and beverages headquarters, according to The Wall Street Journal, citing people familiar with the matter and documents seen by ...
Canada’s Largest Pension Sells Apple, Tesla, NIO, XPeng, Li Auto Stock
Canada’s largest pension fund by assets under management recently made striking changes in its investments in Apple and four prominent electric-vehicle makers. Canada Pension Plan cut its stake in App...
Quantum Computing’s Promise and Hurdles
To the Editor:Quantum computing is a fascinating topic (“Quantum Computing Will Change the World. How to Play the Stocks,” Cover Story, Nov. 25). I’m not sure what the ultimate payoff will be, even if...
Cheap? Maybe. But These Stocks Have Been Dead Money for Decades.
Cheesecake Factory appears to be “running the same play,” wrote J.P. Morgan analyst John Ivankoe in a recent restaurant industry outlook. I don’t think he meant it as a compliment—the stock, he noted,...