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Stories published on Jun 18
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  • Stories published on Jun 18

Tuesday, Jun 18

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62% of FinTechs Develop Products With Gen Z Consumers in Mind

www.pymnts.com

As we recently reported, credit unions (CUs) are aggressively marketing toward Generation Z consumers. Ninety-five percent of them are focused on convincing Gen Z to join their membership rolls. FinTechs? Not so much. According to PYMNTS…

Brands Unveil Live Events as Consumers Spend More on Experiences

www.pymnts.com

As consumers splurge on experiences while being more conservative in their retail spending, brands are finding that if they want to capture the public’s enthusiasm — and by doing so, their spending power — they may want to get into the…

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DoorDash’s Annual Summer of DashPass Event is Back & Bringing Consumers More Value than Ever

www.perishablenews.com

DoorDash announced the kickoff of its fifth-annual Summer of DashPass event, offering members access to exclusive savings, promotions, and giveaways June 20 through July 24. Each year, Summer of DashPass offers consumers even more ways to…

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Consumer loans growth rate expected to slow down — Central Bank

tass.com

The incremental growth rate of the consumer loans portfolio can be 7-12% in 2024, the regulator noted

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Novice consumers more likely to purchase wine with sweetness scales on labels, finds study

phys.org

Rather than a text description, using a visual sweetness scale with an arrow pointing to a specific sweetness level on wine labels may increase purchase intent among novice wine consumers, according to a new study from researchers in the…

Economist React To May Retail Sales Data: 'Consumer Spending Is Cooling In A Fairly Orderly Fashion'

www.benzinga.com

US retail sales for May missed expectations, raising concerns about economic growth. Resilient consumer spending has been a key factor in the bull market.

CFPB Warns Against Deceptive Fine-Print Tactics Targeting Consumers

natlawreview.com

275226 at https://natlawreview.com/article/cfpb-warns-against-deceptive-fine-print-tactics-targeting-consumers

Consumers Dial Back on Groceries and Restaurants but Spend on Clothes in May

www.pymnts.com

Retail sales for the month of May signal a consumer slowdown overall — and some mixed trends among discretionary categories. The data released Tuesday (June 18) by the Commerce Department show that overall, retail sales were up 0.1% over…

New retail sales data show a fading consumer

www.axios.com

The booming consumer looks to be no more. Shoppers have steadily slowed spending growth this year — a crack in what has been a resilient economy.

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From Investments to Ethical Shopping: How Zillennials Are Redefining Consumer Behavior

www.pymnts.com

Zillennials — the bridge generation comprising younger millennials and older members of Generation Z — with their growing earning and purchasing power, are poised to significantly impact the economy in the near future. “This is the cohort…

Errors detected in several historical consumer price indices

phys.org

Research from Lund University found several inaccuracies in historical CPIs in popular online databases. The findings, appearing in Cliometrica, can have major consequences for future research. Faults in the data might already have…

Apple Vision Pro sequel stalls as work on cheaper consumer headset continues

appleinsider.com

Apple's follow-up to the Apple Vision Pro may not be a high-end model, with work allegedly halted on the premium replacement in favor of a cheaper alternative.

Study Demonstrates How Balanced Front of Pack Nutrition Labeling Can Help Positively Inform Consumer Food Choices

www.perishablenews.com

Accurate front of pack nutrition labeling (FOPNL) can be helpful to both consumers and food companies to ensure relevant nutrition information is accessible when consumers are making product choices in-store. ...

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Minnesota passes the Consumer Data Privacy Act

www.jdsupra.com

Minnesota has become the 18th state to enact a comprehensive consumer privacy law. On May 24, Gov. Tim Walz (D) signed the Minnesota Consumer Data Privacy Act into law to provide privacy rights to Minnesotans and to impose new requirements…

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Fetch the popcorn: US government sues Adobe, says it's 'trapped' consumers with a subs model that's 'absurdly hard to cancel' and 'ambushed' them with late fees

www.pcgamer.com

The US Department of Justice alleges Adobe "hides" cancellation fees and makes it deliberately difficult to cancel subscriptions.