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Stories published on Jun 27
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  • Stories published on Jun 27

Thursday, Jun 27

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Two-Thirds of Financially Stressed Consumers Revolve Their Credit Card Balances Each Month

www.pymnts.com

As consumers look for ways to make ends meet, many of those who do not have a financial safety net are forced to carry their credit card balances over to future bills. By the Numbers “The Credit Card Use Deep Dive Edition” of the PYMNTS…

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Wishaw MSP wants consumer and workplace safety to be priority in circular economy

www.dailyrecord.co.uk

The Circular Economy Bill will give local Councils and the Scottish Government the powers they need to transform our economy and tackle throwaway culture.

U.S.-Africa Trade Desk Secures $56 Million South African Table Grape Deal, Benefiting US Consumers and Boosting US-Africa Trade

www.perishablenews.com

Prosper Africa is proud to announce the United States – Africa Trade Desk (USATD)’s first $56M trade deal for 700 containers (1,260,000 crates) of South African-grown table grapes to the U.S. The U.S.-Africa Trade Desk is a joint venture…

Consumer groups to CFPB: Make banks fairness-test AI lending software

www.americanbanker.com

The Consumer Federation of America and Consumer Reports sent a letter to the Consumer Financial Protection Bureau urging it to require banks to search for less discriminatory models. Later the same day, the CFPB issued a report saying it's…

Why Eskom may ask Nersa for ‘massive’ hike, what it means for consumers

www.timeslive.co.za

Leaked draft document compiled by the utility proposes an increase of 36.15% for its direct customers and 43.55% for those supplied by municipalities

Tesla Model S and Model X included in Consumer Reports’ used cars to avoid list

www.teslarati.com

While the Tesla Model Y was listed by Consumer Reports (CR) as one of its Best Cars of 2024, the organization does not seem to hold the same sentiments for the Model S sedan and Model X SUV. This was highlighted in CR’s used cars to avoid…

Walgreens Considers Closing 25% of Stores Amid Consumer Price Sensitivity

www.pymnts.com

Challenges in the retail environment and the pharmacy industry have led Walgreens Boots Alliance to consider closing as many as 25% of its U.S. retail stores. These Walgreens stores do not contribute to the firm’s adjusted operating income…

More consumers say they're concerned about making ends meet: Survey

thehill.com

A recent survey from the Consumer Finance Institute (CFI) at the Federal Reserve Bank of Philadelphia found more consumers saying they are concerned about making ends meet. In the April survey, 36.8 percent of consumers said they were…

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CFPB Issues Interpretive Rule Related to Certain 'Buy Now, Pay Later' Consumer Credit Products

natlawreview.com

275685 at https://natlawreview.com/article/cfpb-issues-interpretive-rule-related-certain-buy-now-pay-later-consumer-credit

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Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle

www.pymnts.com

The third estimate of how gross domestic product (GDP) fared in the first quarter showed — at least in the headline number — there was a slight boost from previous estimates. The Bureau of Economic Analysis’ final reading noted that first…

Brazil has just become one of best places to make games, here’s why that matters to you – as a consumer

www.vg247.com

“There’s before 2024, and after 2024”. That’s the main message from Brazil’s first ever Gamescom, Gamescom Latam. The traditionally German show teamed up with BIG – a storied, local festival in Brazil – to really show off what Brazil can…

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Unpacking The McKinsey Mobility Consumer Survey — Henny Penny Edition

cleantechnica.com

Research by McKinsey has found that some electric car owners are considering a switch back to a conventional car. Here's why.

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GDP Growth Upwardly Revised In Q1 But Consumer Spending Weakens, Continuing Jobless Claims Hit Nearly 3-Year Highs: Thursday's Economic Digest

www.benzinga.com

US economy grew 1.4% in Q1 2024, slower than Q4 2023 due to reduced consumer spending, exports, and gov. spending. Inflation rose slightly, and layoffs may lead to higher unemployment in June. Fed may cut rates later this year. Stock…

Uber Invites Consumers to Give up Car, Try Alternative Transportation

www.pymnts.com

Uber is inviting consumers to give up their personal car for five weeks and adopt a “car-light lifestyle.” The ride-hailing company will select up to 175 people in seven cities across the United States and Canada to participate in its One…

16

New Hampshire Sues TikTok Alleging Consumer Protection Violations, Harm to Kids

New Hampshire is suing social media video service TikTok Inc. for allegedly violating the state’s consumer protection act, Attorney General John M. Formella announced. The state’s complaint against TikTok filed in Superior Court in…

Walgreens plans store closures as CEO says consumers 'stunned' by prices

www.nbcnews.com

Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers.