NEW YORK—Consumer Reports said on Wednesday it had found “concerning” levels of lead and cadmium in a third of various chocolate products it tested recently, and called on Hershey to reduce the amounts of heavy metals in its chocolate. The non-profit consumer group said 16 of the 48 products from various makers that its scientists […]
The greatness of a nation begins in the homes of its people. And if home is where the heart is, what’s in your heart? Tonight, we’ll talk to 2 guests who can tell us how they view the American Dream, and how they’re helping to make sure that we don’t turn it into a nightmare […]
While small businesses are not optimistic about the economy, the data says things are better than people think, according to Joseph Trevisani, senior analyst at FXStreet. NTD spoke with him to learn more about the economic situation.
WASHINGTON—The American consumer’s confidence jumped in June to its highest level in 18 months as a strong labor market continues to buoy the U.S. economy. The Conference Board reported Tuesday that its consumer confidence index rose to 109.7 in June from 102.5 in May. That’s the highest the reading has been since January of 2022 […]
A quiet revolution is in the works against so-called “woke” corporate America. NTD spoke with Darlene Sanchez, a reporter for The Epoch Times, who found that consumer boycotts are a “kryptonite” for companies adopting ESG practices. Sanchez notes that conservatives were initially driving the boycotts, but now they are gaining traction from mainstream America.
Consumer confidence dipped again in April as anxiety over a slowing economy and possible recession weighed on American households. The Conference Board reported Tuesday that its consumer confidence index fell to 101.3 in April from 104 in March. It’s the third time in four months that overall U.S. consumer confidence has declined. Optimism about current […]
JP Morgan Chase, Wells Fargo, and Citigroup posted results Friday that topped estimates for first-quarter earnings, signaling resilience through the banking crisis in March. Consumer and corporate spending held up in the face of interest rate hikes by the Federal Reserve, though the financial giants are building up rainy-day funds as fears of an economic […]
WASHINGTON—U.S. consumer spending barely rose in November, while annual inflation increased at its slowest pace in 13 months, but demand is probably not cooling fast enough to discourage the Federal Reserve from driving interest rates to higher levels next year. Slowing economic activity amid rising borrowing costs was also flagged by other data from the […]
The funding stream for the Consumer Financial Protection Bureau (CFPB), created by Congress and approved by then-President Barack Obama in 2008, is unconstitutional, a U.S. appeals court ruled on Oct. 19. The bureau, which has a mission to implement and enforce federal consumer finance law, was given the power to oversee 18 federal laws, ranging from […]
With rampant price inflation eating away at household budgets, U.S. consumers are saving less, using debt to keep their heads above water, and losing confidence in the economy. In April, the household savings rate tumbled to 4.4 percent, down from 6.2 percent in March, according to the Bureau of Economic Analysis (BEA). This is the […]
The final May edition of the University of Michigan’s Sentiment Survey, which was released on May 27, delivered even worse results than the preliminary May data with a further drop in consumer sentiment. The index fell from 65.2 in April to 59.1 in the initial May report to 58.4 in the final—the lowest level since August […]
During Tesla’s first-quarter 2022 earnings call on Wednesday, Billionaire Elon Musk noted that “the official numbers actually understate the true magnitude of inflation,” citing some suppliers raising costs by as much as 30 percent for parts. In December, the billionaire founder of Pershing Square Capital, Bill Ackman posted in a tweet that official statistics understated raging inflation […]
The cost of living in the United Kingdom rose more than expected in December, driven by the surging price of everything from food, drink, furniture, and household goods to restaurants and hotels, official data showed on Wednesday. Britain’s consumer price index (CPI) rose to 5.4 percent in the final month of the year, its highest in […]
Inflation accelerated sharply and well-above forecasts in October, with consumer prices rising at their fastest over-the-year pace in more than three decades as persistent supply chain bottlenecks continue to push prices skyward. The Bureau of Labor Statistics (BLS) reported on Nov. 10 that the headline Consumer Price Index (CPI), a measure of inflation from the […]
The U.S. economy expanded at an annualized pace of 2.0 percent in the third quarter, a figure that is well below forecasts, driven down by a slowdown in consumer spending and a resurgence in COVID-19 cases that led to renewed restrictions and delays of reopening of businesses. Data released on Oct. 28 by the Commerce […]
The U.S. trade deficit in goods and services rose to a record high in August, largely on the back of a rise in imports as businesses continued to build up inventories in response to strong consumer demand. The Commerce Department said in an Oct. 5 statement (pdf) that the trade deficit—the difference between exports and […]
The pace of consumer price inflation fell in August to its lowest monthly level since February, though the 12-month rate of inflation remained historically high, a new government report shows. The consumer price index (CPI) rose 0.3 percent in August from July, the Labor Department said in a Sept. 14 report, with consensus forecasts predicting a slightly […]
U.S. consumer sentiment fell sharply in early August, with the University of Michigan confidence survey plumbing depths not seen in a decade as Americans expressed worry about personal finances, unemployment, and inflation. The survey, released on Aug. 13, showed that the consumer sentiment index plunged from July’s reading of 81.2 down to 70.2, hitting a […]
