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| December 12, 2018

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consumers Archives -

Consumers, get ready for price hikes if China trade war ratchets up, report says

October 30, 2018 |

The next round in the U.S.-China trade war could be the costliest one yet for American consumers.

The U.S. is said to be preparing to announce tariffs on all remaining Chinese imports by early December, according to several people familiar with the matter — and Citigroup economists are projecting…


L.A. Times – Business

Congress wants to hear from everyone but consumers in a hearing on consumer privacy

September 25, 2018 |

The Senate Committee on Commerce, Science and Transportation will hold a hearing Wednesday on “Examining Safeguards for Consumer Data Privacy,” intended as an opportunity for lawmakers to learn about “possible approaches to safeguarding privacy more effectively.”

That’s great except for two small…


L.A. Times – Business

Hard-pressed Chinese consumers are key to keeping the world’s second-largest economy on track

September 3, 2018 |

For the growth driver that will keep the world’s second-largest economy on track this year, look beyond Beijing or Shanghai.

Life for many in China’s most sophisticated consumer markets is getting harder, with soaring rents gnawing at disposable incomes. As Donald Trump’s trade war with China begins…


L.A. Times – Business

Campbell Soup wanted to appeal to health-conscious consumers. But now it’s selling off its fresh-food unit

August 31, 2018 |

Campbell Soup Co. is divesting its international operations and fresh-food unit, falling short of expectations for a sale of the entire company.

Despite pressure from activist investor Dan Loeb to find a buyer amid a three-year sales slump and a sliding stock price, the struggling packaged-food…


L.A. Times – Business

Consumers shopped their way to higher U.S. retail sales than expected in July

August 15, 2018 |

American shoppers stepped up their spending more than expected in July amid rising consumer confidence, a tight labor market and this year’s federal tax cut.

Higher spending on food, gasoline and clothing led a 0.5% jump in U.S. retail sales to $ 507.5 billion last month compared with June, the…


L.A. Times – Business

Apple to Stick With Cheaper Screens as Consumers Balk at iPhone X Price Tag

June 15, 2018 |

Apple is developing production plans for its next iPhones that stress cheaper liquid-crystal displays, in a sign of consumers’ sensitivity to the price of smartphones.
WSJ.com: US Business

Rising interest rates sounding alarm bells for debt-laden consumers

April 16, 2018 |

A healthy economy can be a dangerous thing.

Americans have a history of loading up on debt in good times, then paying dearly when the bills come due. Adding to the pain: A booming economy is often accompanied by rising interest rates, which make mortgages, credit cards and other debt much more…


L.A. Times – Business

Trump’s CFPB looks at credit cards and, absurdly, sees ‘a positive picture for consumers’

March 13, 2018 |

Unlike most people, Seal Beach resident Tom Hazelleaf took the time to read the contract when he recently received a new MasterCard.

The card, issued by Capital One, includes the benefit of being compensated “for losses you incur as a result of identity fraud,” which the agreement declares clearly…


L.A. Times – Business

John Stossel: Mr. Trump, if you raise tariffs on steel and aluminum, you punish consumers

March 7, 2018 |

No, President Trump, it’s not true that if you tax imported steel, we “will have protection for the first time in a long while.”
FOX News

Consumers can find low-cost checking despite Bank of America’s move

January 28, 2018 |

Bank of America has made headlines for dismantling eBanking, a checking account that made it easy for customers to avoid a monthly fee.

But consumers can still get low-cost checking accounts elsewhere, and these options are unlikely to disappear altogether.

What happened to eBanking

Bank of America…


L.A. Times – Business