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Stories published on Jul 13
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  • Stories published on Jul 13

Saturday, Jul 13

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Unilever Layoffs: British Multinational Consumer Goods Company To Lay Off Around 3,200 Employees in Europe; Check Details

www.latestly.com

Unilever is reportedly planning to lay off around 3,200 office-based employees in Europe by the end of 2025 as part of a restructuring and productivity programme to improve operational efficiency.

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Citigroup’s 3% Branded Card Spend Growth Driven by Higher FICO Consumers

www.pymnts.com

Citigroup’s earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers are falling behind a bit amid evidence of budget tightening. The…

Friday, Jul 12

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Nala Raises $40 Million to Expand Consumer Business Beyond Africa

www.pymnts.com

Nala raised $40 million in a Series A funding round to expand its consumer business beyond Africa and to build its B2B payment platform for Africa. The new offerings will expand upon Nala’s app, which was launched in 2021 and now allows…

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Consumer spending expectations for Prime Day 2024

nypost.com

https://youtu.be/03QBB9M7XeE Amazon Prime Day has become as big as Black Friday, but thankfully, with a lot less chaos. While Americans are still feeling the pinch of inflation, experts say shoppers are “cautiously optimistic” and will…

Unilever plans to cut up to 3,200 jobs as consumer goods giant's new chief executive seeks to turn it around

www.dailymail.co.uk

The struggling conglomerate has come under pressure from shareholders including activist Nelson Peltz to boost growth.

British Consumers’ Complaints About Banking Sector Rise Amid Record-High Fraud

www.pymnts.com

British consumers have more complaints about the banking sector across the board than they did a year ago. Complaints about the sector reached their highest level in at least a decade, with all the most complained about products seeing…

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2-year Treasury yield ends at lowest since February after decline in consumer sentiment

www.marketwatch.com

Rates on U.S. government debt finished lower on Friday, with 2- and 10-year yields hitting the lowest levels in four or five months, after data from the University of Michigan showed a drop in consumer sentiment.

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Consumers find mild relief as June inflation dips by 0.1%

www.foxbusiness.com

Inflation has slowed, thanks to a decrease in the gas index and the energy index.

Sanofi's $20B Consumer Health Unit Sale: Goldman Sachs, Morgan Stanley Line Up $6.5B Financing

www.benzinga.com

Goldman Sachs Group Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS) are reportedly preparing to arrange more than $6.5 billion (6 billion euros) in debt financing for potential buyers interested in acquiring Sanofi SA’s (NASDAQ:SNY) consumer…

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Argentina's Tapi, a payments processor for Latin American consumer platforms like Mercado Pago and crypto exchange Lemon, raised a $22M Series A led by Kaszek (Patrick Gillespie/Bloomberg)

www.techmeme.com

Argentina's Tapi, a payments processor for Latin American consumer platforms like Mercado Pago and crypto exchange Lemon, raised a $22M Series A led by Kaszek — - Tapi is a payments processor for consumer-facing platforms — Co-founder…

Consumer Sentiment Unexpectedly Sinks To 8 Month Low

www.breitbart.com

Inflation is still a big weight on consumer views about economy.

Big US banks warn of stress among lower-income consumers

www.ft.com

Earnings from lending fall at JPMorgan, Citigroup and Wells Fargo in second quarter

Big bank quarterly results show signs of consumers slowing down spending

www.startribune.com

Signs of consumers slowing down their spending and falling behind on their bills weighed down shares of the big banks on Friday. JPMorgan Chase and Wells Fargo saw their adjusted profits fall, while Citigroup saw sluggish spending on its…

Big bank quarterly results show signs of consumers slowing down spending

www.clickorlando.com

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday.

Big bank quarterly results show signs of consumers slowing down spending

www.clickondetroit.com

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday.