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Consumer

All articles tagged with #consumer

US Banks Thrive Amid Market Turmoil and Economic Policies
business7 months ago

US Banks Thrive Amid Market Turmoil and Economic Policies

U.S. banks are experiencing strong profits and growth, driven by a resilient economy, increased borrowing, and positive market conditions despite initial fears of recession due to policy uncertainties. Major banks like JPMorgan, Citigroup, and Wells Fargo report optimism and robust performance, signaling a 'soft landing' for the economy under the current administration.

Businesses Pass on Tariffs, Increasing Prices, Survey Finds
economy8 months ago

Businesses Pass on Tariffs, Increasing Prices, Survey Finds

Surveys and anecdotes indicate that tariffs are leading to increased prices for goods and services in the US, with many companies passing higher costs onto consumers. While the official inflation data hasn't fully reflected these changes yet, the trend suggests that consumers should expect to pay more in the coming months, as tariffs continue to influence pricing and inflation is projected to rise slightly in 2025 and 2026.

UK Man's Viral Mars Bar Earns £2 Compensation
consumer1 year ago

UK Man's Viral Mars Bar Earns £2 Compensation

Harry Seager received £2 in compensation from Mars Wrigley UK after discovering a Mars bar without its signature ripple, which he shared on the Dull Men's Club Facebook page. The company explained the bar "slipped" through production without being blown by air, causing the imperfection. Seager, who was curious about the production error, was satisfied with the compensation, equating it to two free Mars bars.

Houston Residents Endure Week-Long Power Outage Amid Rising Costs and Frustration
consumer1 year ago

Houston Residents Endure Week-Long Power Outage Amid Rising Costs and Frustration

Around 25,000 residents in Spring Branch, Houston, are still without power on Day 7 following last week's derecho storms, facing dangerous heat and health risks. While 97% of affected customers have had power restored, those still without electricity are in complex situations requiring extensive repairs. Cooling centers and distribution points for water and ice are available, but the situation remains dire for many, especially seniors and those with medical needs. CenterPoint Energy continues to work around the clock to restore power.

"Antitrust Lawsuit Against Apple: What Consumers Need to Know"
technology-business1 year ago

"Antitrust Lawsuit Against Apple: What Consumers Need to Know"

Apple faces multiple consumer lawsuits alleging monopolization of the smartphone market through anticompetitive conduct, following a recent antitrust case by the U.S. Justice Department and 15 states. The lawsuits claim that Apple inflated product costs and suppressed technology for messaging apps and digital wallets to stifle competition. Apple denies the allegations and is already fighting private lawsuits challenging its business practices.

"White House Responds to Cookie Monster's Shrinkflation Complaint"
business2 years ago

"White House Responds to Cookie Monster's Shrinkflation Complaint"

Cookie Monster's complaint about "shrinkflation" in the snack industry, where products are getting smaller while prices remain the same, has prompted a response from the White House and U.S. senators. President Biden called on companies to stop shrinkflation, while Democratic Senator Sherrod Brown criticized big corporations for reducing product sizes without lowering prices. A report revealed that OREO Double Stuf Chocolate Sandwich Cookies shrank by 6% in size from January 2019 to October 2023, and similar trends have been observed in various goods since the pandemic began, attributed to supply-chain disruptions and global economic struggles.