News That Matters

Tag: consumer

Consumer confidence now worse than in December last year: RBI survey

Consumer confidence now worse than in December last year: RBI survey

Finance
MUMBAI: Consumer confidence has waned since December 2017 with respondents to an RBI survey being more pessimistic about the current economic situation and employment opportunities compared to a year ago. The only area where sentiment is in the optimistic zone is in spending on essential and non-essential items. However, here too people are less positive than they were a year ago. The bimonthly RBI consumer confidence survey has two components — the current situation index (CSI) and the future expectations index (FEI). The CSI — or perception of current prices, jobs and overall economy — has remained in the pessimistic zone since March 2017, while the FEI followed the same trend but was not in pessimist territory. “Households’ current perceptions on the general economic situation dived sha
Florida shooting: Firms abandon NRA amid consumer boycott

Florida shooting: Firms abandon NRA amid consumer boycott

World
Several US companies have cut ties with the National Rifle Association (NRA) amid calls for a boycott of businesses linked to the powerful gun lobby in the wake of the Florida school shooting.The firms include car rental giants Hertz and Enterprise, which had offered discounts for NRA members.The murder of 17 people has prompted renewed calls for tighter gun controls.Florida Republican Governor Rick Scott has backed calls to raise the minimum age for buying a gun from 18 to 21.Mr Scott has been widely seen as an ally of the NRA who has previously opposed stricter laws in the state. However, he has come under mounting pressure to respond to the demands of students who survived the shootings at Marjory Stoneman Douglas High School.How did the boycott come about?Activists have tried to put pr...
Consumer products' air quality impact 'underestimated'

Consumer products' air quality impact 'underestimated'

Science
US research has found that chemicals in everyday household products are now a key contributor to city air pollution, rivalling some vehicle emissions. The study, led from Colorado University, focussed on so-called volatile organic compounds (VOCs). These are contained in petroleum-based products such as cleaning fluids and paints, and when they get into the air can form particles that affect health. The scientists say the sources of non-vehicle VOCs have been underestimated. This appears a somewhat surprising result because by weight, we use far more fuel than we do these other chemical products. 'Reduce your use'About 95% of raw oil goes into the production of fuels, whereas roughly only 5% is refined for use in chemicals that are included in the likes of deodorants, pesticides, and adhes...
Consumer Sector Update for 01/11/2018: FNKO, TGT, POST, DAL, LULU, WMT

Consumer Sector Update for 01/11/2018: FNKO, TGT, POST, DAL, LULU, WMT

Finance
Shutterstock photoTop Consumer StocksWMT, +0.28%MCD, -0.32%DIS, +1.1%CVS, +1.85%KO, -0.29%Consumer stocks were ending the regular session broadly split between winners and losers, with shares of consumer staples companies in the S&P 500 ( XLP ) rising about 1.4% this afternoon while shares of consumer discretionary firms in the S&P 500 ( XLY ) were riding a 1.4% advance.In industry news:Walmart ( WMT ) traded higher for the first time in three days Thursday after the company said it was increasing its starting wage to $ 11 per hour as well as giving eligible employees a one-time, $ 1,000 bonus and extending its maternity leave.Also today, growth in global auto sales is expected to slow during 2018 from their record-breaking pace seen in 2017, according to a new IHS Markit foreca...
Hotel booking sites probed by consumer watchdog

Hotel booking sites probed by consumer watchdog

Business
Hotel booking sites are to be probed by the UK's competition watchdog to see if consumers are being misled by them.The Competition and Markets Authority is concerned that rather than helping consumers, the sites might actually be making it more difficult for them.The CMA said it was "concerned about the clarity, accuracy and presentation of information on sites".The investigation will examine areas such as hidden charges, search results, and discount claims.Leading booking sites include Expedia and Booking.com. In a statement, booking site Trivago, which is majority owned by Expedia, said: "Trivago will work with the CMA to explain the benefits it delivers to consumers looking for their ideal hotel."Booking.com said it would not be commenting at this time.According to the CMA, about 70% of...