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| April 30, 2017

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Consumer Archives -

Stocks rise, led by tech and consumer companies

April 17, 2017 |

U.S. stocks are starting higher Monday as investors get back to trading after the Easter holiday weekend. Technology and consumer-focused companies are making some of the largest gains after the Chinese government said that country’s economy grew at a slightly faster pace in the first quarter….


L.A. Times – Business

Consumer prices dip 0.3% — largest amount in more than two years

April 14, 2017 |

Consumer prices fell in March by the largest amount in more than two years, pushed lower by another sharp decline in the price of gasoline and other energy products.

Consumer prices dropped 0.3% in March following a tiny 0.1% rise in February, the Labor Department reported Friday. It was the first…


L.A. Times – Business

GOP lawmaker, pockets stuffed with bank cash, leads assault on consumer bureau

April 10, 2017 |

Texas Republican Jeb Hensarling, who chairs the House Financial Services Committee, was trying to be funny. It’s the only explanation.

Otherwise, we’re left to assume that Hensarling was being the world’s biggest corporate shill and hypocrite when he accused the head of the Consumer Financial Protection…


L.A. Times – Business

Rising incomes and confidence haven’t accelerated consumer spending, which posts smallest gain in six months

April 2, 2017 |

Rising incomes and confidence haven’t accelerated consumer spending, which posted its smallest gain in six months in February, the Commerce Department said Friday.

Personal consumption expenditures increased just 0.1%, below economists’ expectations and down from 0.2% in January. Spending increased…


L.A. Times – Business

Fashion brands — including several L.A. retailers — are dying off as consumer habits change

March 20, 2017 |

American Apparel bit the dust. So did Nasty Gal. BCBG Max Azria filed for bankruptcy, along with teen retailer Wet Seal.

The fashion industry has long been a fickle beast, with trends rising and dying sometimes in the space of weeks. But changing consumer habits — including the emergence of e-commerce…


L.A. Times – Business

Don’t trust the list prices on Amazon, Consumer Watchdog says

March 20, 2017 |

After a barrage of lawsuits directed at the online shopping industry, it appeared Amazon Inc. was starting to phase out list pricing, a controversial practice accused of deceptively inflating how much consumers save through the e-commerce giant.

But a study commissioned by Consumer Watchdog finds…


L.A. Times – Business

Justice Department tells court that Trump should be able to fire consumer watchdog

March 19, 2017 |

The Justice Department told a federal court on Friday that President Trump should be able to fire the head of the Consumer Financial Protection Bureau, arguing the structure of the controversial independent watchdog is unconstitutional.

The brief, filed in a case in which a New Jersey mortgage…


L.A. Times – Business

China’s Consumer Inflation Hits a Low Point

March 9, 2017 |

Prices in China rose less than expected in February as demand for food eased after the Lunar New Year holiday, the third piece of Chinese data that raised eyebrows this week.
WSJ.com: What’s News Asia

Republicans make killing consumer protections a top priority

February 21, 2017 |

There’s a lot important stuff going down that our leaders need to deal with — immigration, climate change, Russians running amok. So what are Republican lawmakers doing? They’re busy with legislation aimed at stripping Americans of consumer protections.

About a half-dozen bills take aim at various…


L.A. Times – Business

Kraft’s $143 Billion Bid for Unilever Highlights Squeeze in Consumer Goods

February 18, 2017 |

Kraft Heinz has made a $ 143 billion approach to take over U.K. consumer-products giant Unilever, a move that would bring together some of the best-known household brands in the world.
WSJ.com: US Business