Stock indexes suffer worst losses this year amid consumer, business economic fears
Traders work on the floor of the New York Stock Exchange on Wall Street on February 12.The NYSE had its worst one-day loss since December.…
Elizabeth Warren, touted to lead new consumer protection agency, has powerful enemies
Reporting from Washington — For a soft-spoken, unfailingly polite university professor, Elizabeth Warren has a surprising knack for making people squirm — particularly on Wall Street. FOR…
U.S. consumer sentiment declines amid inflation fears over Trump tariffs
The February University of Michigan consumer survey Friday found consumer sentiment fell about 5% on fears inflation will rise to 4.3% under Trump administration tariffs…
A tariff loophole is closing for China’s Shein and Temu
President Trump’s tariffs could reshape one of retail’s most booming sectors: fast fashion. Hefty taxes on imports from the U.S.’ biggest trading partners have been…
Treasury Secretary Scott Bessent to temporarily oversee Consumer Financial Protection Bureau
Scott Bessent testifies at a Senate Finance Committee hearing as nominee for secretary of the Treasury at the U.S. Capitol on Jan. 17. He was…
Trump fires the director of the Consumer Financial Protection Bureau
PALM BEACH, Fla. — President Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover.Chopra…
Biden administration bars medical debt from credit scores
The federal Consumer Financial Protection Bureau has issued new regulations barring medical debts from American credit reports, enacting a major new consumer protection just days…
Disney to combine Fubo with Hulu live TV service, ending sports streaming lawsuit
Sports streaming service FuboTV Inc. is set to be merged with Walt Disney Co.’s Hulu live TV service, the companies announced Monday.The agreement endsNew York-based…
US consumer watchdog sues big banks over ‘widespread’ fraud on Zelle app | US Election 2024 News
The United States Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo for failing to protect…
Fed lowers interest rates again but more cuts uncertain
WASHINGTON — The Federal Reserve on Wednesday made another cut in interest rates, but dialed back expectations for lowering rates in the near future. The rate…
Cord-cutters are fuming over YouTube TV price hike
Remember all that money you were going to save by canceling your cable TV subscription?Cord-cutters are again dealing with the reality of rising programming costs…
U.S. Treasury Department issues consumer cyberfraud holiday advisory
The U.S. Treasury Department's Office of Cybersecurity and Critical Infrastructure Protection issued a holidays cyberfraud advisory Thursday. It highlights tips for consumers to avoid online…
Trump ally Elon Musk calls to ‘delete’ US consumer protection bureau | Donald Trump News
Musk, a confidante of the president-elect, is set to co-lead Trump’s newly created Department of Government Efficiency.Tech billionaire Elon Musk has expressed support for binning…
Trump proposed tariffs could bring higher prices for a range of goods
Steep price hikes could be on the way if President-elect Donald Trump follows through on his pledge to impose sweeping new tariffs on imports from…
Euro Area to See Consumer Pickup But Risks Are High, EU Says
Breadcrumb Trail LinksPMN BusinessThe euro area’s economic growth will pick up as obstacles to consumption and investment fade away, though geopolitics poses an increasing threat,…
Study deems California Prop. 65 warning labels effective
For nearly 40 years, a controversial California law has required companies to place warning labels on their products alerting consumers to the potential health threats…
‘Wicked’ dolls include link to porn site. Mattel apologizes
Toy manufacturer Mattel has apologized for a misprint that appeared on the packaging of its line of “Wicked” dolls and listed an address for an…
Column: Newsom administration’s confounding actions on gas prices
SACRAMENTO — The Newsom administration is in conflict with itself on gasoline pricing, speaking from both sides of its mouth.Is it trying to hold down prices…
Consumer inflation rose 0.2% in September, more than analyts’ expectiations
Consumer Price Index inflation slowed in September, rising 0.2%, according to a Thursday report from the Bureau of Labor Statistics. On an annual basis it…
Opinion: Where both presidential candidates’ tax promises go wrong
Voters are understandably perplexed by Kamala Harris’ economic agenda, on which her campaign has offered little substance and little more than a string of vague…