Credit Card Charges Of Interest And Fees Jump To Record $130 Billion
Consumers are facing higher costs on their growing debt while credit card companies increase profits, CFPB said.
Source: ibtimes.com
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Top News In Us Consumers Today - Breaking & Trending Today
Americans Are About to Feel Pain From Soaring Bond Yields: Blackstone Exec
Surging bond yields are raising interest rates on everything from mortgages to personal loans, spelling trouble for resilient consumer spending.
Source: businessinsider.com
Retail Sales Jump In September, Beating Expectations
U.S. consumers keep shopping amid a strong labor market and slowing inflation.
Source: ibtimes.com
Tumbling Share Prices Point to Waning Luxury Spending Boom
Shares of LVMH tumbled after weaker than expected earnings this week. BofA estimates luxury good stocks broadly are down 17% from recent highs.
Source: businessinsider.com
Consumer Sentiment Sinks To Lowest Level Since May
A preview of the University of Michigan's monthly index showed the impact of inflation on consumers' views.
Source: ibtimes.com