Have American consumers reached burn out? getty The National Retail Federation has gushed over the resiliency of the U.S. economy and the American consumer ever since retail opened up after the pandem...
Tag: consumers
‘Capable Of Handling Tens Of Millions Of Deliveries For Millions Of Consumers’
A Wing local delivery drone in action Wing Google sister company Wing is adding complex route management and self-loading capability for its drone delivery fleet that will make it capable of handling ...
In 2022, US Consumers Spent An Extra $1 Trillion Due To Increased Prices
Inflation has been highly discussed in the US throughout 2022, with news articles and earnings calls highlighting its impact on consumer spending. As we entered 2023, we asked ourselves, how much more...
Web3 app Kresus raises $25M to bridge consumers to blockchain
Web3 app developer Kresus has closed a $25 million funding round to support the development of its so-called SuperApp, potentially opening the door to broader consumer adoption of digital assets. The...
A Nation’s Heavily Indebted Consumers Face a Painful Margin Call
(Bloomberg) — At the height of the Covid-19 pandemic, with his job as a delivery driver bringing plenty of overtime and the cost to borrow at record lows, James Kebe went on a spending spree. He...
America’s economy is splitting consumers into two very different realities
Despite near record inflation, consistent recession predictions, and rising borrowing costs, Americans continue to do what they do best—spend. Even if it means leaning on savings and credit cards, all...
Russia to roll out CBDC pilot with real consumers in April
The Bank of Russia is preparing to roll out the first consumer pilot for the nation’s central bank digital currency (CBDC) on April 1, 2023. Russia’s central bank is set to soon debut the first real-w...
US Senator Calls for Comprehensive Crypto Regulation to Protect Consumers – Regulation Bitcoin News
The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have...
What Is A Utility NFT? Consumers Certainly Don’t Know
According to a report by DappRadar and Alsomine, the industry needs to shout louder about ‘Utility NFTs.’ The NFT boom of late 2020 to early 2021 was characterized by headline-grabbing sales with litt...
Prices are still going up, and consumers are still spending: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, February 14, 2023 Today’s newslette...
Paxos Faces Scrutiny From New York Regulators As They Gear Up To Protect Consumers
BUSD and USDP issuer Paxos have come under New York regulators’ radar. Although there is no specific reason for the investigation, reports revealed that the New York Department of Financial Services (...
The FTC’s Fight Against Non-Monopolies Won’t Help Consumers
Popular Bloomberg News columnist Matt Levine likes to make a comical point in his popular Moneystuff column for Bloomberg that from the SEC’s perspective nearly everything a company does (or its execu...
IMF Head Warns American Consumers Would Suffer If US Defaulted
(Bloomberg) — A US debt default would cause a spike in borrowing costs that squeezes American consumers as well as significant harm to the world economy, International Monetary Fund Managing Dir...
Australian Government Says It Is Working to Ensure ‘Regulation of Crypto Assets Protects Consumers’ – Regulation Bitcoin News
The Australian government has said it will take steps to ensure the “regulation of crypto assets protects consumers” and one of these steps will be the reforming of “the licensing and custody of crypt...
Luxury stocks rally as China reopens, but consumers may shop ‘in-house’
A salesperson showing the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free store in Haikou, south China’s Hainan Province, January 15, 2022. Zhou Huimin...
A Good Year For Stocks? Sure
Happy days: A bullish case for the stock market Getty Images Last year was a bummer for the stock market, with the S&P 500 down 19%. Economists keep predicting a recession in 2023, although they t...
To Protect Crypto Consumers, Massachusetts Reps Advised Two Crypto Bills
To combat incidents like the collapse of FTX, Terra, and Celsius Network in the crypto market, two bills on crypto regulations were submitted to the House of Representatives. On Jan 19, Massachusetts ...
Fluree Announces Partnership with Fabric — Giving Consumers Control Over Personal Data-Sharing with Brands
Fintech startup Fabric pays consumers simply for watching ads Using Fluree technology, Fabric verifies users are real people — not bots — which solves for identity fraud, transparency and trust for co...
H&M Williamsburg Pivots To Chapter 2, A Tactile Playground For All
H&M Williamsburg has morphed in a Move experience with the brand’s Move fitness apparel center … [+] stage. Courtesy of H&M H&M is on a mission to get people moving. Moving aro...
Pharma’s Strategy To Exploit A Depression-Era Antitrust Law Would Raise Drug Costs For Consumers
The prescription drug market is bewildering to many, and its complexity can make rational discussions about the causes of high drug prices exceedingly difficult. It also means that government official...
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’ Refusing to let a good opportunity p...
Tesla Gives Consumers a Good Reason to Buy EVs
U.S. consumers wanting to buy electric vehicles can smile. Tesla (TSLA) – Get Free Report and Chief Executive Elon Musk have just made a decision that will put them back in the driver’s s...
Walmart Launches Newly Remodeled Supercenters With A Focus On Innovation And Convenience
Walmart’s remodeled Supercenters bring technology to the forefront. Corbis via Getty Images Consumers in southern Bergen County, New Jersey, today will see a newly remodeled Walmart Supercenter ...
Elon Musk and Tesla Give Consumers a Good Reason to Buy EVs
U.S. consumers wanting to buy electric vehicles can smile. Tesla (TSLA) – Get Free Report and Chief Executive Elon Musk have just made a decision that will put them back in the driver’s s...
Delta Air Lines Earnings Set To Soar Nearly 500% As Consumers Prioritize ‘Experiences’
Delta Air Lines (DAL) prepares to report fourth-quarter earnings early Friday, after raising its Q4 guidance and giving bullish 2023 outlook in mid December, on the back of robust travel demand. DAL s...
Consumers see inflation, and spending, cooling, New York Fed survey shows
People shop for goods at a Publix in Nashville, Tennessee, on December 22, 2022, ahead of winter storm Elliot. Seth Herald | AFP | Getty Images Consumers see the inflation burden easing while they ex...
ECB Official Pushes for CBDC Development Citing Betterment for Consumers
The ECB executive called the European Union’s Markets in Crypto Assets (MiCA) an important step. Fabio Panetta, the executive board member of the European Central Bank (ECB), recently published a push...