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Motor finance drags FOS complaints to highest since PPI scandal
The rise in complaints related to motor finance significantly contributed to a substantial increase in overall cases handled by the Financial Ombudsman Service, reaching levels not...
Read Full Article →Online shopping saw its biggest drop in over a decade as tariffs spook consumers, survey says
Recent survey data from AlixPartners indicates that import taxes are influencing U.S. consumers to alter their online purchasing habits, resulting in a significant decrease in e-co...
Read Full Article →How the GOP megabill’s cuts to SNAP and Medicaid could thin the social safety net
Reductions in funding for key assistance programs proposed in the large Republican tax and spending package may decrease support for vulnerable populations amid ongoing economic un...
Read Full Article →'Revenge saving' picks up as consumers brace for economic uncertainty
Consumers are increasingly setting aside money due to concerns about inflation, job stability, and market fluctuations, which is impacting overall spending patterns and influencing...
Read Full Article →PayPal CEO says US consumers need incentives to try stablecoins as PYUSD expands
The expansion of stablecoin initiatives by PayPal highlights challenges in consumer adoption, indicating that financial incentives may be necessary to encourage a shift from tradit...
Read Full Article →An IPO from a collections company offers a fresh way to profit as consumers struggle
Jefferson Capital’s public offering provides investors an opportunity to gain returns by purchasing distressed consumer debts at reduced prices and restructuring repayments accordi...
Read Full Article →AGN accused of running dodgy 'Love Gas' ads that deceived viewers
The controversy surrounding Australian Gas Networks' recent advertising campaign has raised concerns about potential impacts on the company's reputation and financial performance i...
Read Full Article →Should You Switch to a Budget Wireless Carrier? What to Know About Trump Mobile and Other Low-Cost O...
Switching to a lower-cost wireless provider can potentially reduce your monthly phone expenses, but it’s important to consider differences in service quality, coverage, and custome...
Read Full Article →Smart data is a £27.8bn opportunity for the UK
The establishment of the Smart Data Group aims to harness trusted data-sharing, potentially generating substantial economic growth and enhancing innovation, market competition, and...
Read Full Article →Danish bakery Ole & Steen brews up success with buns on demand
Ole & Steen experienced notable financial growth last year, with its revenue rising to £36 million driven by enhanced online order services and a revised strategic approach.
Read Full Article →Mitsubishi is raising prices as tariffs sting U.S. buyers
Mitsubishi is increasing vehicle costs in response to import duties, reflecting the impact of recent trade measures on consumer expenses in the United States.
Read Full Article →Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers
The decline in homebuilder confidence reflects ongoing challenges from elevated borrowing costs, trade policy worries, and consumer hesitation, which may impact housing market acti...
Read Full Article →As China's housing slump deepens, consumers open their wallets to spend
The contrast between weakening property sales and rising household expenditures highlights shifting economic dynamics that could influence China’s overall growth and investment pat...
Read Full Article →BBC examining plans that could lead to US consumers paying for its journalism
The BBC is considering new strategies to generate income from American users, aiming to enhance its financial stability amid declining domestic funding and increased market competi...
Read Full Article →The Israel-Iran conflict could shake up summer travel plans — even domestically. Here’s how to prepa...
Rising oil prices and declining airline stocks linked to recent Middle Eastern tensions may increase travel costs and disrupt plans for individuals booking trips during the upcomin...
Read Full Article →What a Trump, Powell showdown means for your money
The escalating conflict between political leadership and monetary policymakers could impact interest rates, inflation, and overall economic stability, potentially influencing perso...
Read Full Article →Trump’s consumer protection reforms could leave crypto users in a lurch
The weakening of regulatory oversight under the Trump administration and key industry backing may increase risks for digital asset users, potentially exposing them to greater finan...
Read Full Article →Used vehicle prices ease from tariff fear-buying highs but remain elevated
Following a surge driven by concerns over potential tariff increases, used car prices decreased slightly last month but stayed relatively high compared to earlier periods.
Read Full Article →Merricks v Mastercard: Low funder payout risks future UK class action
The decision in Merricks v Mastercard highlights how limited remuneration for litigation funders may deter future class actions, potentially affecting consumer access to collective...
Read Full Article →Senate pushes Russia tariffs that could jack up energy prices for American consumers
New tariffs targeting Russian imports have the potential to increase costs for energy suppliers, which may lead to higher expenses for American households on fuel and electricity i...
Read Full Article →Fed Beige Book flags modest decline in activity, stable labor market
The recent report indicates a slight reduction in economic activity while employment levels remain steady, suggesting that businesses and consumers are approaching financial decisi...
Read Full Article →Most companies are already raising prices or plan to because of tariffs, data shows
Surveys indicate that a majority of businesses intend to transfer the increased expenses caused by tariffs onto customers through higher pricing strategies in the near future.
Read Full Article →Car buyers drove sales to a 4-year high to beat tariffs. Now sales are running out of gas.
The surge in vehicle purchases to avoid increased tariffs led to a notable rise in sales earlier this year, but this elevated demand has since significantly declined by May.
Read Full Article →Lower-income consumers missing out on pay rises fuels fall in sales at B&M
The retailer experienced decreased revenue and profits as consumers with limited income faced stagnant wages, leading to reduced spending amid difficult market conditions in the UK...
Read Full Article →The European Central Bank is almost guaranteed to cut rates. Here's what could happen next
A potential interest rate reduction by the European Central Bank could influence borrowing costs and economic activity, with experts evaluating its possible effects on consumer spe...
Read Full Article →Ford, Hyundai post higher U.S. sales in May on strong SUV, truck demand
In May, increased demand for SUVs and trucks contributed to higher U.S. sales for several automakers, despite challenges from tariff-related cost increases impacting overall profit...
Read Full Article →Dollar General is shaking off tariff fears and winning over higher-income consumers
Dollar General's ability to appeal to a broader, more affluent customer base may enhance its revenue growth potential despite concerns about increased trade costs affecting profit...
Read Full Article →The range of EVs is surging, but certain fears are holding back sales
The limited availability of pre-owned electric vehicles is causing uncertainty among buyers, which may impact overall market growth and consumer willingness to invest in new electr...
Read Full Article →Trump tariffs would still 'pinch' consumers even if trade court block holds, economist says
If certain trade restrictions are prevented by the court, household expenses could still increase by almost $1,000 annually due to tariffs on vehicles and metal products.
Read Full Article →Kohl’s plays down tariff worries, but sees consumers trading down to cheaper goods
Kohl’s exceeded sales forecasts for the first time in over three years and maintained its financial guidance, indicating resilience despite concerns about consumer shifts toward lo...
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