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October 25, 2021

CONSUMER

Consumer Staples Announces Strategic Acquisition

@BreaknNews
   Presidential Palace of Sant’Ana, Azores AUSTIN, Texas – Oct. 17, 2021 – — Consumer Staples Exchange (CSX), a Blockchain Ecosystem sector Exchange, announced its strategic acquisition of a water concession in Azores, Portugal, today. “The idea of a blockchain company acquiring a nation-state water asset might normally seem odd,”......

Consumer Staples Announces Harry McCue As New Chief Executive Officer

@BreaknNews
 AUSTIN, Texas – Oct. 17, 2021 – — Consumer Staples Exchange PS (CSX), a Blockchain Ecosystem sector Exchange, announced today Harry McCue as CEO. “Harry brings to the exchange twenty plus years in innovation, sales, and leadership performance garnered from enterprise software industry experience. His fusion of global technology sales......

Sustainability central to Innova’s top consumer trends in 2022

FoodBusinessNews
ARNHEM, THE NETHERLANDS – Sustainability leads Innova Market Insights’ list of consumer trends heading into 2022. The market researcher said the top two environmental actions consumers are taking when making food choices are reducing waste and eating in moderation. “One of the biggest shifts we are seeing is that the......

U.S. consumer spending beats expectations; inflation still hot

Reuters
People wearing protective masks shop at Macy’s Herald Square following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., December 26, 2020. REUTERS/Jeenah Moon Consumer spending increases 0.8% in August Income rises 0.2%; saving rates falls to 9.4% Core PCE price......

Wall St tumbles on weak consumer sentiment, rising bond yields

Reuters
A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer/File Photo Mega-cap tech names drag S&P 500, Nasdaq lower Ford rises on $11.4 bln investment with SK Innovation Indexes drop: Dow 1.48%, S&P 1.98%, Nasdaq 2.73%......

Costco again limits purchases of toilet paper and bottled water

CBS News
CBS News – For more and to sign up click here Costco is reviving limits on how much toilet paper, bottled water and cleaning supplies customers can buy to prevent stockpiling amid the latest COVID-19 surge. “We’re putting some limitations on key items like bath tissues, roll towels, signature water, high-demand cleaning-related skews......

FTC Chair Lina Khan outlines new vision for antitrust enforcement, consumer protection

CNBC
CNBC – For more and to sign up click here Lina Khan, nominee for Commissioner of the Federal Trade Commission (FTC), testifies during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Saul Loeb | AFP | Getty Images Federal......

Ant Group to share consumer credit data with China’s central bank as regulatory overhaul continues

CNBC
CNBC – For more and to sign up click here GUANGZHOU, China — Ant Group will share credit data from its consumer lending business with China’s central bank as part of an overhaul of the fintech giant. Huabei is a consumer loan product under Ant Group. Data from that lending......

Amazon is piling ads into search results and top consumer brands are paying up for prominent placement

CNBC
CNBC – For more and to sign up click here The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images Search for “toothpaste” on Amazon, and the top of the web page will show you a mix of popular brands like Colgate,......

Pandemic-induced consumer trends are here to stay

FoodBusinessNews
WASHINGTON, DC — While it was clear the coronavirus (COVID-19) pandemic had a major impact on consumer habits in 2020, the big question that has loomed has been the permanency of that impact. Cyrille Filott, global strategist of consumer food, and JP Frossard, vice president and consumer foods analyst, of......

Wall Street set to rise as consumer price growth slows

Reuters
American flags hang from the facade of the New York Stock Exchange (NYSE) building after the start of Thursday’s trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo August CPI grows at slowest pace in six months Energy stocks extend gains from......

Consumer prices post smaller than expected increase in August

CNBC
CNBC – For more and to sign up click here Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as......

Consumer protection agency looks to increase transparency for small business loans

CNBC
CNBC – For more and to sign up click here Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications......

U.S. consumer spending stalled in July as inflation and Delta variant surged

CBS News
CBS News – For more and to sign up click here Growth in U.S. consumer spending slowed in July to a modest increase of 0.3%, a sign many Americans are growing more cautious as COVID-19 cases surge. The July increase in spending was down sharply from a 1.1% rise in June,......

Santander US holding to buy 20% of U.S. consumer unit for $2.5 bln

Reuters
Bank raises offer to $41.5 p/shr in cash for about 20% of SC US Marks a 14% premium to day before deal was announced on July 1 Deal will have capital impact of 10 bps on bank’s group capital MADRID, Aug 24 (Reuters) – Santander’s U.S. business is to buy......

Consumer sentiment measure falls to pandemic-era low, sees one of largest drops on record

CNBC
CNBC – For more and to sign up click here A key consumer sentiment reading saw a dramatic drop in early August as the delta variant of Covid-19 increased fears about the path of the economy, the University of Michigan said Friday. The consumer sentiment index tumbled to 70.2 in......

Dollar falls as U.S. consumer price rises temper in July, data show

Reuters
U.S. core CPI slightly softer than expected in July Euro rises, but remains within range of 2021 low of $1.1704 Bitcoin touches 11 week high NEW YORK, Aug 11 (Reuters) – The dollar fell on Wednesday after U.S. inflation data showed consumer price increases eased in July, taking some pressure......

Shoppers impacted by soaring consumer prices

CBS News
CBS News – For more and to sign up click here Shoppers impacted by soaring consumer prices – CBS News Watch CBSN Live The cost of food, clothing and other consumer items keeps going up. Carter Evans reports on how it’s affecting us all. Be the first to know Get......

Inflation was hot in July, but this major consumer expense isn’t showing up yet

CNBC
CNBC – For more and to sign up click here A “For Rent” sign is placed in front of a home in Arlington, Virginia, U.S., June 8, 2021. Will Dunham | Reuters Sharp post-pandemic price increases in some parts of the economy appear to be fading, but rent is one......

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