Consumer prices likely rebounded
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The U.S. Consumer Financial Protection Bureau has canceled a 2023 settlement with the financing arm of Toyota over allegations the auto giant illegally steered thousands of consumers into costly and unwanted product bundles,
Disney's new direct-to-consumer streaming service will take one of its popular cable networks' name with ESPN but will include a number of channels.
6hon MSN
ESPN said Tuesday that its new all-encompassing streaming service will take on a familiar name — ESPN — and launch in September at an initial price of $29.99 per month.
The U.S. Consumer Financial Protection Bureau has canceled a 2023 settlement with the financing arm of Toyota over allegations the auto giant illegally steered thousands of consumers into costly and unwanted product bundles,
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The latest inflation report showed inflation slowing to its lowest rate in four years, at 2.3% year over year. However, economists expressed concerns that the report does not provide a complete picture of the economic situation.
There is little evidence that the tariffs implemented by the Trump administration in February and March are feeding through to inflation just yet. The Bureau of Labor Statistics' metric for goods inflation—the index for commodities,
The consumer discretionary sector is particularly sensitive to soft consumer demand and tariff-fueled macroeconomic uncertainty.
U.S. consumer spending held steady in April, with average credit and debit card purchases per household rising just 1% from the previous year, according to data from the Bank of America Institute. On a month-over-month basis,
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Scripps News on MSNUS consumer inflation drops to 2.3% in April, lowest rate in 4 yearsThe consumer price index shows inflation has eased to 2.3%, but experts warn that upcoming tariff effects could soon increase prices on essential goods.
Even in an uncertain macroeconomic environment fueled by tariff concerns, there have been hints of an uptick in consumer spending.
Chinese e-commerce retailer JD.com topped market estimates for quarterly revenue on Tuesday, in a sign of steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment.