Category: Consumer
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Oil prices fall on weaker US consumer demand, China data By Reuters
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Written by Colin Howe and Mohi Narayan NEW DELHI (Reuters) – Oil prices fell in Asian trading on Monday after a survey on Friday showed weak US consumer demand and with crude production rising in May in China, the world’s largest crude importer. Global futures for August delivery fell 29…
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Communications, Consumer Duty, and the FCA
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Regulatory compliance is a cornerstone of credibility and operational integrity for financial services. At Finalto, Klelia Orphanidou leads these efforts as the B2B Head of Regulatory Compliance. With her extensive expertise, she provides a clear roadmap through the complex regulatory landscape that must be navigated as a financial institution. In…
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China’s consumer prices rise less than expected in May, PPI deflation eases
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Funtap/iStock via Getty Images China’s consumer prices rose at a steady rate in May, while producer price deflation moderated slightly, indicating that measures taken by the Chinese government to stimulate the economy are beginning to show positive results. China’s annual inflation rate was 0.3% in May 2024, unchanged The index…
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China’s consumer prices rise less than expected in May, PPI deflation eases
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Funtap/iStock via Getty Images China’s consumer prices rose at a steady rate in May, while producer price deflation moderated slightly, indicating that measures taken by the Chinese government to stimulate the economy are beginning to show positive results. China’s annual inflation rate was 0.3% in May 2024, unchanged The index…
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U.S. Consumer Confidence Improved for the First Time in Four Months
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The Conference Board reported a stronger than expected consumer confidence reading at 102.0 versus 96.0 for May while the previous month’s reading enjoyed an upgrade from 97.0 to 97.5. Components of the May report revealed that the Current Conditions Index, which is based on consumers’ assessment of current business and…
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U.S. Consumer Confidence Improved for the First Time in Four Months
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The Conference Board reported a stronger than expected consumer confidence reading at 102.0 versus 96.0 for May while the previous month’s reading enjoyed an upgrade from 97.0 to 97.5. Components of the May report revealed that the Current Conditions Index, which is based on consumers’ assessment of current business and…
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US consumer confidence and housing in focus today
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The US is back from vacation today, and this should put the forex market at full capacity after a period of low trading volumes. This means we could see some bigger flow-driven moves today, especially as we approach the end of the month. Volatility can also rise if there is…
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University of Michigan consumer sentiment versus 69.1 estimate. Preliminary 67.4
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The University of Michigan’s final consumer sentiment results for May show: Consumer sentiment 69.1 vs. 67.5 estimates and 67.4 preliminary. Last month 77.2. Expectations: 68.8 vs. initial 66.5. Last month 76.0 Current conditions: 69.5 vs. initial 68.8. Last month 79.0. One-year inflation forecast is 3.3% versus 3.5% initial. It is…
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IIHS, Consumer Reports name safe, affordable vehicles for teens
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published May 22, 2024 • 9 minute…
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Dollar up slightly after consumer sentiment data, CPI eyed By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Friday after a reading on U.S. consumer sentiment as investors sorted through a batch of comments from Federal Reserve officials, with focus beginning to shift toward key inflation readings next week. The dollar pared its declines and turned…
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Canadian consumer spending strengthened broadly in April – RBC
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Red blood cells Outside From our monthly Canadian consumer spending tracker, the picture looks positive, with spending increasing in almost all categories. Retail sales, excluding automobiles, saw significant growth during the month, driven largely by higher purchases related to homes, sporting goods and apparel. These trends point to a broader…
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US consumer sentiment at six-month low; inflation expectations rise By Reuters
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Written by Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence fell to a six-month low in May as households worried about rising costs of living and unemployment, but economists cautioned against drawing conclusions about the implications for the economic outlook. The larger-than-expected decline in sentiment reported by the University of…
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Japan’s consumer spending extends declines as outlook weakens By Reuters
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Written by Satoshi Sugiyama and Tetsushi Kagimoto TOKYO (Reuters) – Consumer spending in Japan fell for the 13th straight month in March, creating challenges for policymakers seeking to drive stronger real wage growth, a prerequisite for a hike in interest rates by the central bank. Household spending fell 1.2% in…
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What digital platforms should do to uphold consumer rights, welfare
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A recent study on digital platforms in Kenya revealed that only 16% of consumers of food and grocery delivery platforms in Nairobi and Mombasa complained about unsatisfactory service. Of the complaints raised in the study conducted by the Competition Authority of Kenya (CAK), 60 percent were not attended by the…