Page 2 - Us Consumers News Today

Consumers are facing higher costs on their growing debt while credit card companies increase profits, CFPB said.

Surging bond yields are raising interest rates on everything from mortgages to personal loans, spelling trouble for resilient consumer spending.

U.S. consumers keep shopping amid a strong labor market and slowing inflation.

Shares of LVMH tumbled after weaker than expected earnings this week. BofA estimates luxury good stocks broadly are down 17% from recent highs.

A preview of the University of Michigans monthly index showed the impact of inflation on consumers views.

Sanofi warns of supply constraints on its over-the-counter gastroenterology medication Dulcolax, a laxative. Physicians are warning against using it for purpose

US retailers increase security measures amid spike in organized shoplifting, resulting in significant earnings dip.

Gold steadies ahead of US inflation data, while palladium slides to lowest level since December 2018. Interest rates and CPI data will influence market sentiment

It is the 11th consecutive month witnessing a slowdown in inflation and is seen as a welcome respite from the gut-wrenching high inflation suffered by Americans over the past two years.

One constant in an economy that has continuously surprised in the last three years is that betting against American consumers has been a losing proposition. Perhaps, theres more surprisingly strong economic data to come.