Consumer sentiment fell to 64.7 in February, as reported by the University of Michigan, over 3 points below what economists were expecting and falling 7 points from the previous month. Seana Smith and Madison Mills break down the details of February’s final consumer sentiment data. To watch more expert insights and analysis on the latest […]
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s consumer prices barely rose in December, underlining deflationary pressures in the world’s second-largest economy that have pushed bond yields to record lows. Consumer price growth was 0.1 per cent last month against a year […]
A federal appeals court on Thursday dealt a blow to President Biden’s Federal Communications Commission, striking down the agency’s hard-fought and long-debated open internet rules. The FCC had sought to reinstate a sweeping policy established under President Obama that was designed to treat internet service as an essential public service, similar to a water or […]
Torch bearer Mao Geping runs during the torch relay for the 19th Asian Games in Ningbo, Zhejiang Province, in Sept. 2023. Huang Zongzhi/Xinhua via Getty Images Mao Geping, the 60-year-old makeup artist, has become a billionaire thanks to a successful listing of his eponymous cosmetics brand in Hong Kong, with shares rising as much as […]
The CFPB’s idea of using existing US law to regulate data brokers is not novel. In February 2023, a group of consumer-focused nonprofits urged Chopra to enforce the powers the FCRA affords regulators to prevent data brokers from engaging in these potentially damaging practices. “Protecting the personal information of all people in the US is […]
Credit: Pixabay/CC0 Public Domain One of the most common assumptions tax policymakers make is that by raising taxes, they will raise revenue for the government. However, a new study that centers on a soda tax in Washington state has reinforced alternative presumptions about tax impacts on consumer behaviors. Researchers found that when Washington state enacted […]
Things are looking up for U.S. consumers and future growth. The October 2024 consumer confidence series from the Conference Board surged to the highest level since January. Personal spending rose significantly in September 2024. Plus, U.S. Gross Domestic Product was largely supported by consumption in the third quarter of 2024. The key to future growth […]
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to receive the newsletter every weekday. Explore all of our newsletters here Today’s agenda: US backs huge lithium mine; CIA and Mossad chiefs to meet; Dutch government averts collapse; campaigning in swing states; and […]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Consumer confidence in Britain has fallen to its lowest this year as households and businesses “hold their breath” for tax rises in next week’s Budget. The GfK consumer confidence index — a measure of how […]
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images Modelo cans have become part of the fabric of events for Rio Riojas’ family and community in Lansing, Michigan. The 35-year-old often finds himself opting for the brand at […]
