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Keyword: consumers

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  • Jobs lift U.S. consumer confidence to near 16-year high

    07/25/2017 7:19:32 PM PDT · by 2ndDivisionVet · 5 replies
    Reuters ^ | July 25, 2017 | Lucia Mutikani
    WASHINGTON (Reuters) - U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness. The reports on Tuesday underscored the economy's strong fundamentals, expected to keep the Federal Reserve on course to raise interest rates for a third time this year. "This brightens the outlook for the economy as we enter the second half of the year," said Chris Rupkey, chief economist at MUFG in New York. "We expect Fed officials will continue with their gradual pace...
  • Consumers, businesses, and CEOs are all loving life since Trump's election

    12/08/2016 9:39:52 PM PST · by Mr. Mojo · 15 replies
    Business Insider via AOL ^ | Dec 8th 2016 | Bob Bryan
    Americans from all corners of the economy seem to be enjoying the conditions a lot more since the election of Donald Trump. Nearly every measure of consumer, business, or executive confidence has gained in the month since the election according to Michelle Meyer, chief US economist at Bank of America Merrill Lynch. "The data clearly show that consumers, investors, and business CEOs have all become more optimistic since the election," wrote Meyer in a note to clients on Thursday. Everything from regional manufacturing indexes to consumer confidence surveys to investor sentiment have ticked up since November 8. The only survey...
  • Oof: U.S. GDP growth a horrendous 0.5 percent in 2016 1Q

    04/28/2016 8:58:02 AM PDT · by Sean_Anthony · 11 replies
    Canada Free Press ^ | 04/28/16 | Dan Calabrese
    The new normal: The economy is not good. The economy has not been good for the entire Obama presidency Businesses aren’t spending money. Neither are consumers. And while the unemployment rate is made to look good, record low labor-force participation tells a different story. The economy is not good. The economy has not been good for the entire Obama presidency. And while Democrats hope we’re getting used to horrendous news like this, we shouldn’t be: The U.S. economy grew at its slowest pace in roughly 2 years, climbing just 0.5 percent in the first three months of 2016.
  • Loving Our Stuff, but Hating the People Who Sell It to Us

    03/20/2016 10:38:54 AM PDT · by SeekAndFind · 90 replies
    National Review ^ | 03/20/2016 | Kevin Williamson
    There is a popular website called Uncrate, which is the 21st-century version of the old Sears, Roebuck catalogue, i.e., consumer-goods porn, a resource for stylish young men with excess liquid assets who require suggestions for ways of being relieved of that burden. On Friday, the featured product was the Vollebak Baker Miller “relaxation hoodie,” a garment in “Baker Miller Pink,” a color believed to have psychoactive qualities that, according to Uncrate, “activate your parasympathetic nervous system and calm you down.” The hoodie also features “a mesh visor, vents that encourage breathing through your nose, and asymmetrical pockets designed like slings...
  • 10 things to never buy again

    02/16/2016 1:28:44 PM PST · by Responsibility2nd · 107 replies
    Market Watch ^ | 02/16/2016
     1. Cable TVThough cable providers still have plenty of subscribers — roughly 101 million Americans, in 2015, according to research firm IBISWorld — those numbers are declining.2. Name-brand razorbladesAmericans love their Gillette razorblades — so much so that the shaving giant controls nearly 70% of the nearly $13 billion shaving industry ...3. Bottled waterWho would pay $2 for what amounts to a bottle of tap water?4. Credit monitoring services and identity theft insuranceThe year 2015 saw more than 732 data breaches as of Dec. 8, according to the nonprofit Identity Theft Resource Center — with more than 176 million records...
  • Coal in the cross hairs [ Colorado ]

    07/12/2015 5:36:48 PM PDT · by george76 · 14 replies
    Grand Junction Media ^ | July 11, 2015 | Dennis Webb
    Most of the 1.5 million electricity consumers served by the Tri-State Generation and Transmission Association probably don’t think about it. But when they wake up and flip on their light switches each morning, they can thank in significant part Tri-State’s Craig Station power plant in Moffat County, the second largest in Colorado. And that power plant can operate only thanks to hundreds of local workers digging in, not just figuratively at the plant itself, but literally at the two area surface mines — Colowyo and Trapper — that provide the plant’s coal. ... With 220 people working at Colowyo, some...
  • Even Amidst Low Oil Prices, Staying the Course Will Ultimately Benefit Consumers, Producers

    02/11/2015 5:24:48 PM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 11, 2015 | David Holt
    In less than a decade, the one-time feeble U.S. energy sector has accomplished a record-breaking 180-degree turnaround thanks to advancements in new technologies. In fact, at the current rate, the nation is likely to hit production marks not seen since the 1970s. As such, we now live in a more energy self-sufficient nation, one that is inching closer every day to energy independence. While we utilize roughly 25 percent of the world’s oil on a daily basis, about 40 percent of the petroleum we consume is imported, down from 60 percent not too long ago. Consumer Energy Alliance (CEA) has...
  • California consumers say duped by Blue Shield´s limited Obamacare plans

    05/15/2014 7:57:06 PM PDT · by Nachum · 40 replies
    Reuters ^ | 5/15/14 | Terry Baynes
    Consumers who purchased new health plans from Blue Shield of California have sued the insurer, claiming they were misled into thinking the insurance would cover their desired doctors and hospitals. In their complaint filed in California state court on Wednesday, San Francisco residents John Harrington and Alex Talon accused Blue Shield of misrepresenting that their plans, sold on California´s health exchange, would cover the full provider network advertised on the company´s website. They sued on behalf of a class of people who had purchased so-called "preferred provider organization" plans from the insurer only to realize that the doctor and hospital
  • Credit Card Use Is Imprisoning Fewer Americans

    05/02/2014 3:43:59 AM PDT · by Enterprise · 28 replies
    Main St. ^ | May 1, 2014 | Ellen Chang
    NEW YORK (MainStreet) — Americans are relying less on their credit cards now, and more consumers are able to pay their balance in full each month, according to a recent Gallup poll. The poll found that in 2014 48% of Americans always pay the balance of their credit card each month compared to 42% who paid them in full in 2006 and only 43% in 2008 during the Great Recession. Now only 33% of credit card owners say they leave a balance each month, which is a record low since Gallup began measuring these habits in 2001.
  • Consumers Get $10B In Subsidies For Health Coverage, Study Finds

    04/01/2014 1:11:49 PM PDT · by Nachum · 15 replies
    Kaiser Health News ^ | 4/1/14 | Jenny Gold
    Americans have already qualified for about $10 billion in tax credits to help them purchase private health insurance this year through the Affordable Care Act, according to a study from the Kaiser Family Foundation. (KHN is an editorially independent program of the foundation.) That’s an average of $2,890 for each of the 3.5 million people who qualified for a subsidy as of March 1 — about 83 percent of those who enrolled in an exchange plan. But four of five Americans who could qualify for a subsidy hadn’t applied for coverage by that date. And sign-up rates varied greatly by...
  • Is the Banana Slipping Away?

    03/16/2014 8:50:50 AM PDT · by Kaslin · 31 replies
    Townhall.com ^ | March 16, 2014 | Steve Chapman
    Some people lie awake nights worrying about terrorist attacks, giant asteroids crashing into the Earth or war with Russia. I can slumber peacefully through those perils. What causes me to wake up screaming is the banana blight. To say I'm favorably inclined toward bananas is like saying Miley Cyrus has overcome her inhibitions. I have an unbroken record of eating two bananas a day that stretches back to the Johnson administration. Two is the bare minimum I regard as necessary to sustain life. I'm not ashamed to say there are days when I've gone through five. After that I stop...
  • Consumers Hit With Surprise Tax in Obamacare Premium

    02/26/2014 6:38:55 PM PST · by markomalley · 21 replies
    Fiscal Times ^ | 2/26/2014 | Brianna Ehley
    Obamacare isn't just impacting the uninsured. Americans who already had health coverage before the Affordable Care Act will likely pay more this year and even more in the years to come. Insurance companies, faced with new Obamacare fees and taxes meant to help fund the law, are planning to pass along the added costs to consumers. This includes the multibillion-dollar annual “Insurance Providers Fee,” which took effect in January and is assessed to each company based on its share of annual premiums collected by the entire industry. This new fee is expected to raise $8 billion this year and more...
  • Is Consumer Spending Hurting From More Than Bad Weather?

    02/25/2014 10:38:20 AM PST · by John W · 22 replies
    wallstcheatsheet.com ^ | February 25, 2014 | Meghan Foley
    The weather may have improved across much of the United States last week, but retail sales did not. Following the release of January’s retail sales figure from the Department of Commerce on February 14, the concern was that the frigid weather experienced by much of the country that month depressed consumer spending. Retail sales totaled $427.8 billion last month, a decline of 0.4 percent, while December’s sales figure was downwardly revised from 0.2 percent gain to a 0.1 percent drop, making January the second consecutive month of negative growth. But while many economists have cited the poor weather as the...
  • Giving up on Washington (Salena Zito)

    02/24/2014 9:41:23 AM PST · by neverdem · 12 replies
    Pittsburgh Tribune-Review ^ | February 23, 2014 | Salena Zito
    MINGO JUNCTION, Ohio The roar is gone. Five years after Wheeling-Pittsburgh Steel's once-thunderous mill went idle, the only sound here is that of the oldest parts of the plant being dismantled. The demolition began about a day or so before a red carpet rolled out at the White House for a state dinner featuring a dress worn by the first lady that cost more than the salary of a police officer in this town. The demolition still was going on last Wednesday, at the same time that Vice President Joe Biden boasted about the positive impact that the American Recovery...
  • Medicare posts hospitals' 'clean and dirty laundry' on Hospital Compare website

    01/20/2014 4:53:15 AM PST · by afraidfortherepublic · 11 replies
    Post and Courier ^ | 1-20-14 | Lauren Sausser
    Patients can make choices about which hospital they use based on many factors, including advertisements on billboards and signs on the back of city buses. While annual hospital rankings published in magazines like U.S. News & World Report and Consumer Reports offer conflicting advice on the best places to seek treatment, plain-and-simple geography can also matter. So do health insurance networks and recommendations from friends or physicians. “How does the consumer know which to believe?” said Dr. Todd Shuman, vice president and chief quality officer for Roper St. Francis Healthcare. “Should they believe this, or should they believe this? Or...
  • Obamacare warning: Don't be fooled by scammers who want to trick consumers (Congress?)

    09/28/2013 8:59:20 AM PDT · by Libloather · 5 replies
    NJ ^ | 9/26/13 | Karin Price Mueller
    The phone rings. The caller says he's a rep from a government agency. "We need to verify some information to make sure you get the coverage you're entitled to under the Affordable Care Act," the caller says. You know big insurance changes are coming, but they’re not coming like this. **SNIP** “(The fake sites) may contain the actual seal of the real insurance exchanges, but likely simply exist to load malware onto your computer or collect your personal information,” said Emily Peters of Practice Fusion, a San Francisco-based electronic health records company.
  • (European) Commission urged to protect consumers against ‘IP tracking’

    09/07/2013 7:51:17 AM PDT · by Olog-hai · 1 replies
    EurActiv ^ | 06 September 2013
    MEPs have called on the European Commission to protect consumers’ privacy and personal data online by regulating the so-called “IP-tracking” systems of some commercial Internet sites, a move Brussels has so far abstained from but might be forced to reconsider given the mood in some member states. Holidaymakers looking for cheap flights abroad over the weekend may have noticed that on some websites, the prices tend to go up at each visit. One perfectly legal explanation is that there are fewer seats available. But that is not always the case. As French daily Le Monde’s consumers’ protection blog “SOS Conso”...
  • Killing the Golden Goose

    07/21/2013 12:46:44 PM PDT · by Kaslin · 31 replies
    Townhall.com ^ | July 21, 2013 | Rich Tucker
    Whether or not you shop at Wal-Mart, you’ve already benefitted from the mega-retailer’s ceaseless efforts to cut prices. A 2005 study found that the nationwide expansion of the store had driven down everyone’s cost for food-at-home, commodities and overall consumer products. Competition among retailers drives down prices for all shoppers. Meanwhile, by one estimate, Wal-Mart saved consumers at its stores a quarter of a trillion dollars in 2006. And that was several dozen price cuts ago. But you need to live near one to benefit directly. And in our nation’s capital, many residents could be denied the opportunity to shop...
  • Labor Dept. to Ask Consumers to Identify Businesses Who Treat 'Their Workers Fairly and Lawfully'

    07/11/2013 2:50:15 PM PDT · by Nachum · 58 replies
    Weekly Standard ^ | 7/11/13 | JERYL BIER
    As the Department of Labor (DOL) celebrates the 75th anniversary of the Fair Labor Standards Act this year, the department is sponsoring a Smartphone app contest to help consumers identify businesses who treat "their workers fairly and lawfully." The DOL requests [emphasis added] that contestants: develop a smartphone application that will transform the way the public is able to use departmental enforcement data. By providing consumers with information at their fingertips about which businesses have treated their workers fairly and lawfully, the creator of this application will help empower consumers to make informed choices about where to bring their business....
  • Consumer Financial Protection Bureau Collected Your Data & Shared It While You Were Distracted

    06/28/2013 8:06:11 AM PDT · by EXCH54FE · 5 replies
    Freedom Outpost ^ | June 28, 2013 | Suzanne Hamner
    Well America, it has continued to get piled higher and deeper. There was Benghazi – but wait, Congress doesn’t have time to fully investigate to find individuals responsible and hold them accountable; so, it’s swept under the rug. Congress can’t deal with Fast and Furious effectively; it goes the way of the dust on top of the door jamb: you know it’s there but can’t see it so forget about it. While the immigration bill, the Supreme Court ruling on the Voting Rights Act and the Defense of Marriage Act (DOMA), and the racially charged Zimmerman case had the focus...