Browsing: consumers

President Donald Trump has picked Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve. In keeping with the president’s push for lower interest rates, Warsh is…

Consumer spending trends are starting to emerge within the experiences economy as the year gets underway, and stock analysts are picking out the names they expect…

Key insight: Internal communications suggest Marquis paid a ransom to suppress the data, despite stating there was no evidence of misuse.Supporting data: The breach affected at…

Every year, Hillary Lanier puts her holiday shopping on credit, racking up debt that takes months to pay off. This season, the production planner said her…

Key insights: Companies such as Google, Visa and Mastercard race to build a framework that will allow autonomous purchases. What’s at stake: Global corporate investment in…

The penny is out. Experts weigh in on what it means for consumers Source link

Key insights: Block is updating Cash App’s menu to draw more consumers into its ecosystem, hoping they will use it as their primary banking relationship.What’s at…

Key Insight: The CFPB is reading through thousands of comments as it writes a new rule on personal financial data rights. What’s at Stake: The CFPB opened…

Bottom line: Wells Fargo’s third quarter profit jumped 9%, eclipsing analysts’ expectations by a wide margin. Expert quote: “Wages have kept up with inflation for many folks,…

Key insight: Chase is making moves to grow consumer banking in a notoriously competitive European market.Forward look: In the longer term, more U.S. banks may attempt…