The US senators have decided to continue with the SBF back bill despite the almost imminent collapse of FTX. According to the latest news reports, the legislation is set to protect digital consumers f...
Tag: Consumer
Zimbabwean Central Bank Launches CBDC Consumer Survey – Africa Bitcoin News
The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the...
Zimbabwean Central Bank Launches CBDC Consumer Survey – Coinotizia
The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the...
U.S Consumer Price Index (CPI) Falls to 7.7% in October
7 hours ago | 2 mins read Bitcoin News Economists polled by Bloomberg News had predicted a result of 7.9%. Within minutes of the data’s release, Bitcoin’s price rose 7.6%, pushing it past $17,000. Inf...
Bitcoin Gains 10% After Report Showed US Consumer Prices Rose Slower Than Expected in October
While bitcoin is having only a modest rally, equity futures are soaring on thoughts the inflation slowdown might mean the Fed’s tightening cycle could be over sooner than previously feared. Nasd...
Consumer prices rose 0.4% in October, less than expected, as inflation eases
The consumer price index rose less than expected in October, an indication that while inflation is still a threat to the U.S. economy, pressures could be starting to cool. The consumer price index, a ...
Consumer confidence is near its lowest in a decade, and that could be a problem for Biden
US President Joe Biden speaks during a DNC rally in Miami Gardens, Florida, US, on Tuesday, Nov. 1, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Anxiety over the cost of living and the directi...
Consumer Protection Bureau issues warning, but is it too late?
On the heels of a tumultuous few days, weeks, and months for the cryptocurrency industry, the Consumer Financial Protection Bureau (CFPB) has released a 45-page bulletin detailing consumer reports of ...
Consumer confidence in housing hits new low, says Fannie Mae
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Rising mortgage rates, high home prices and...
Returning Interest Payments May Drag On Consumer Spending In 2023
How much will a return to interest payments on student loans impact the U.S. consumer? (Photo by … [+] Erik S. Lesser/Getty Images) Getty Images Interest payments on federal student debt will re...
Philip Morris Declares Victory in Bid for Swedish Match
Philip Morris International is pushing ahead with its takeover of smaller tobacco rival Swedish Match despite falling short of winning over shareholders with around 90% of the target’s stock. On Monda...
Tech can’t find a bottom; industrial, consumer stocks bounce
Lots of companies got clocked last week. We saw weakness in a host of industries everything from media to gambling to cloud computing and software sales. The pain in the technology sector seems to kno...
Pfizer Stock’s Post-Covid Future Looks Healthy
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or rec...
Judge Pauses Albertsons’ $4 Billion Special Dividend From Kroger Merger
A Washington judge has blocked Albertsons Cos. from paying out $4 billion in dividends while regulators review its proposed merger with Kroger. King County Superior Court Commissioner Henry Judson a...
Jack Dorsey’s Block Sees Drop in Bitcoin Revenue as Consumer Demand, Crypto Prices Slump
Block, whose chairman and co-founder is Jack Dorsey, recorded an impairment charge of $2 million on its bitcoin investment during the third quarter. As of Sept. 30, the fair value of Block’s bit...
Consumer protection should be key in digital asset projects
GP: JPMorgan office S3studio | Getty Images News | Getty Images SINGAPORE — Banks have to prioritize consumer protection as they embark on digital asset experiments, said Umar Farooq, chief executive ...
Consumer Confidence Report, An Economic Preview
| Getty Images Key Takeaways Consumers are shifting their spending due to inflation, forgoing holiday travel for purchases like food, shelter, and major household appliances. Surprisingly, more Americ...
What Is The Consumer Confidence Index, And What Does It Mean To Investors?
| Getty Images Key Takeaways The Consumer Confidence Index is a monthly report on the condition of the American consumer. The report is used to help understand where the economy is and where it is hea...
Phillipines’ Largest Consumer Bank Launches Bitcoin Trading
One of the biggest universal banks in the Philippines, The Union Bank of the Philippines, or simply UnionBank, said on Nov. 2 that it has begun a pilot program for Bitcoin custody and trading services...
A Look At Some Of The Earnings Coming The Week Of October 31
Vintage calculating machine getty Similar to last week, on the earnings front, I’m once again spoiled for choice this week with names and sectors that are currently expected to weigh in with earnings....
Adidas Bails From Yeezy. Why That Packs a Punch.
Times are tough at Adidas The German company has too much inventory and falling China sales. It’s slashed guidance, and earnings ran about half what Wall Street expected. The stock is down by more tha...
Stocks Poised to Fall Monday
U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Su...
Another jumbo Fed rate hike is expected next week — and then life gets difficult for Powell
First the easy part. Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting next week. A hike of three-quarters of a perce...
Consumer Prices Rose Even Faster Last Month—Here’s What That Means For The Next Interest Rate Hikes
Topline A key inflation reading on Friday showed the prices consumers are paying for goods and services rose more quickly in September than one month prior—effectively bolstering the Federal Reserve&#...
U.S. consumer spending seeing a ‘mitigation’ in growth not a slowdown, says Bank of America CEO
U.S. consumer spending is experiencing a “mitigation of growth” but not a slowdown, Bank of America CEO Brian Moynihan said Friday. Interest rate hikes by the Federal Reserve are starting ...
Amazon Stock Dives As Holiday Sales Outlook Clouds Q3 Profit Beat
Updated at 4:21 am EST Amazon Inc (AMZN) posted better-than-expected third quarter earnings Thursday, but forecast disappointing holiday sales despite adding an extra Prime shopping day event, sendi...
Crypto Market Volatile After Drop in US Consumer Confidence Index (CCI)
Crypto markets turned bullish after a lower U.S. Consumer Confidence Index (CCI) of 102.5 was announced for Oct. 2022, following two months of straight gains. The index, which tracks sentiments about ...
Bad for crypto? US Consumer Confidence declined to 102.5 in October
The latest US Consumer Confidence Index has just been released, and the result is quite disappointing. The Conference Board released the numbers on Tuesday, revealing that the Index has dropped to 102...
Understanding The Producer Price Index And Consumer Price Index As An Investor
| Getty Images Key Takeaways The PPI measures the change in selling prices received by domestic vendors and represents the cost of producing goods. The CPI measures the change in prices consumers pay ...