Category: consumer

Grab launches new consumer financial services, including micro-investments and loans
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Grab launches new consumer financial services, including micro-investments and loans

Grab announced today that its financial unit, which previously focused mainly on services for entrepreneurs and small businesses, is launching a slew of consumer products, including micro-investments, loans, health insurance and a pay-later program. Based in Singapore, Grab began in 2012 as a ride-hailing company before expanding into on-demand deliveries and other services. In January…

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Consumer Confidence Declined Sharply in July as Outlook Crashed
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Consumer Confidence Declined Sharply in July as Outlook Crashed

U.S. consumer confidence fell sharply as expectations about economic conditions plummeted in July. The Conference Board’s Consumer Confidence Index fell to 92.6 from 98.3 in June. Wall Street economists had forecast a milder decline to 95.7, according to Econoday. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions…

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Record High Jump in Consumer Spending Despite Income Decline
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Record High Jump in Consumer Spending Despite Income Decline

U.S. household spending lurched upward in May as the economy reopened. Consumer spending rose 8.2 percent compared with April, the sharpest increase in Commerce Department data that stretches back six decades. That was actually below expectations, however. Economists surveyed by Econoday had forecast an 8.6 percent gain., April’s change in consumer spending was revised up…

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Disastrous Consumer Spending Data Likely to Continue in May
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Disastrous Consumer Spending Data Likely to Continue in May

April’s consumer spending data shows coronavirus decimated the U.S. economy. It’s unlikely to be a one-off dip as the consequences of shut-downs continue to creep into the market. The government’s stimulus has done very little to spur on spending. Consumer spending declined a whopping 16.4% in April as coronavirus lockdowns shut down vast swaths of…

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Consumer Data Sends Chilling Warning About Stock Market Fragility
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Consumer Data Sends Chilling Warning About Stock Market Fragility

Consumer sentiment data shows people are still worried about the future of the U.S. economy. For the government’s spending to be worthwhile, consumer spending needs to return. The stock market will be turning to the return of consumer spending as states start to reopen. As the stock market pines for U.S. states to reopen their…

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Consumer Spending Data Reveal 3 Stocks to Buy amid Coronavirus Pandemic
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Consumer Spending Data Reveal 3 Stocks to Buy amid Coronavirus Pandemic

Groceries, gaming and booze emerged as top consumer spending categories. Investors should consider stocks in those spaces on the next market pullback. WMT, SAM and TTWO all look poised to perform through the coronavirus pandemic and beyond. A few weeks into America’s battle with coronavirus, consumer spending is unsurprisingly lower. But the drop in purchases…

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Global Consumer Group Calls for Defunding WHO, Praises Trump’s Probe
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Global Consumer Group Calls for Defunding WHO, Praises Trump’s Probe

Consumer Choice Center, a global consumer advocacy group, is launching a campaign to defund the World Health Organization (WHO) and is praising President Donald Trump for his remarks at Tuesday’s coronavirus press briefing when he said he would be looking into the massive funding the United States gives to WHO annually. Trump at the press…

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U.S. Consumer Confidence Is Plunging – But More Pain Is Coming
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U.S. Consumer Confidence Is Plunging – But More Pain Is Coming

The Conference Board’s gauge of U.S. consumer confidence plunged from 132.6 to 120 in March, while economists expected a 110 number. Confidence is likely to decline further in the coming months. It will probably take a long time before consumers start spending like before the crisis. The Conference Board said Tuesday its consumer confidence index…

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