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April 15, 2021

CONSUMER

Consumer prices rise more than expected on jump in gas prices and as recovery heats up

CNBC
CNBC – For more and to sign up click here Consumer prices shot higher in March, given a boost both by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday. The consumer price......

Cannabis company Aphria looks to add consumer products brands as it waits for U.S. pot legalization

CNBC
CNBC – For more and to sign up click here Irwin Simon, the CEO of Canadian cannabis company Aphria, is looking for additional opportunities to acquire brands in the consumer products space, hoping to grow beyond cannabis. “There’s many opportunities in the U.S. right now with food and drink and......

Four ways consumer spending will change once more people are vaccinated

CNBC
CNBC – For more and to sign up click here Shoppers wearing protective masks exit from a Hennes & Mauritz (H&M) store in the Herald Square area of New York, U.S., on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images As more people receive the Covid-19 vaccine,......

Biden plan calls for $100 billion in new EV consumer rebates: email

Reuters
FILE PHOTO: An electric vehicle (EV) fast charging station is seen in the parking lot of a Whole Foods Market in Austin, Texas, U.S., December 14, 2016. REUTERS/Mohammad Khursheed WASHINGTON (Reuters) – The Biden administration’s $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates......

Biden plan calls for $100 billion in new EV consumer rebates: email

Reuters
FILE PHOTO: An electric vehicle (EV) fast charging station is seen in the parking lot of a Whole Foods Market in Austin, Texas, U.S., December 14, 2016. REUTERS/Mohammad Khursheed WASHINGTON (Reuters) – The Biden administration’s $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates......

Consumer protection group cracks down on mortgage servicers that don’t assist struggling homeowners

CNBC Real Estate
Andrew Harrer | Bloomberg | Getty Images The Consumer Financial Protection Bureau is warning mortgage servicers that they’re expected to help the surge of struggling homeowners in the pandemic and explore options other than foreclosure. “Responsible servicers should be preparing now,” CFPB Acting Director Dave Uejio said in a statement.......

China’s blue-chip index ends lower as healthcare, consumer stocks slip

Reuters
SHANGHAI, April 6 (Reuters) – China’s blue-chip index retreated on Tuesday, pressured by healthcare and consumer companies, as upbeat economic data raised worries of policy tightening. ** The blue-chip CSI300 index fell 0.4% to 5,140.34, while the Shanghai Composite Index was flat at 3,482.97. ** As of last close, the......

Consumer protection group proposes rule to prevent foreclosures until 2022

CNBC Real Estate
The Consumer Financial Protection Bureau proposed a rule Monday to prevent a wave of foreclosures this fall, when certain Covid-era protections for homeowners are set to expire. The proposal, which would need final approval, generally prohibits mortgage servicers from initiating foreclosure proceedings against delinquent borrowers until after Dec. 31, 2021.......

GM’s first-quarter sales up 3.9% on strong consumer demand

CNBC
CNBC – For more and to sign up click here A customer looks at a General Motors Co. Chevrolet vehicle for sale at a car dealership in Colma, California, on Monday, Feb. 8, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT – General Motors’ vehicle sales were buoyed......

French consumer morale unexpectedly strong in March despite COVID-19 curbs

Reuters
FILE PHOTO: A woman, wearing a protective face mask, walks with her shopping trolley in a street in Cambrai before new lockdowns imposed during a month-long on Paris and parts of the north after a faltering vaccine rollout and spread of highly contagious coronavirus disease (COVID-19) variants in France, March......

MoneyWatch: Auto industry issues more recalls; the International Consumer Electronics show kicks off in Las Vegas

CBS News
CBS News – For more and to sign up click here MoneyWatch: Auto industry issues more recalls; the International Consumer Electronics show kicks off in Las Vegas – CBS News Watch CBSN Live The NYT reports more than 60 million vehicles were recalled in the U.S. in 2014, which is......

‘We really want exposure to the consumer’ as economy stages powerful recovery, Wells Fargo’s Chris Harvey says

CNBC
CNBC – For more and to sign up click here Wells Fargo Securities’ Chris Harvey is building a major part of his strategy on a consumer comeback. From hotels to casinos to restaurants, many of this year’s winning trades will involve spending outside the home, the firm’s head of equity......

South Africa Feb consumer inflation drops below cbank target band

Reuters
JOHANNESBURG (Reuters) – South Africa’s consumer inflation rate slowed to its lowest in eight months in February, dipping below the central bank’s target range just a day before the regulator decides on lending rates. Supermarket staff off load toilet paper and other essentials after shoppers emptied shelves when the government......

U.S. consumer prices increase solidly in February

Reuters
FILE PHOTO: 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 WASHINGTON (Reuters) – U.S. consumer prices increased solidly in February, leading to the biggest annual......

UK consumer spending hit again as lockdown goes on – Barclaycard

Reuters
LONDON (Reuters) – British consumers cut back heavily on spending as they spent a second month in a COVID-19 lockdown in February but confidence in the economy hit a 12-month high, payment card firm Barclaycard said on Tuesday. FILE PHOTO: People shop at market stalls, with skyscrapers of the CIty......

UK consumer spending hit again as lockdown goes on: Barclaycard

Reuters
LONDON (Reuters) – British consumers cut back heavily on spending as they spent a second month in a COVID-19 lockdown in February but confidence in the economy hit a 12-month high, payment card firm Barclaycard said on Tuesday. FILE PHOTO: People shop at market stalls, with skyscrapers of the CIty......

‘Significant long-term scarring’ in services will limit pent-up consumer demand and suppress inflation, economist Stephen Roach predicts

CNBC
CNBC – For more and to sign up click here Economist Stephen Roach said Monday he believes Wall Street is overestimating a consumer comeback. According to the Yale University senior fellow, demand will snap back like a rubber band later this year as the V-shaped recovery loses momentum. “With vaccines rushing......

UK consumer credit slumped as new lockdown hit in January: BoE

Reuters
FILE PHOTO: A general view shows The Bank of England in the City of London financial district in London, Britain, November 5, 2020. REUTERS/John Sibley//File Photo LONDON (Reuters) – British consumer borrowing fell at its fastest pace in January since May last year as the country went back into a......

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