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Friday, April 10, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: consumers

Holiday on plastic: U.S. credit card debt surged in December

The Federal Reserve said last week that borrowing on credit cards rose by the largest amount in more than two decades in December.

UPDATED: Fri., Aug. 2, 2019

How Trump’s latest China tariffs could squeeze U.S. consumers

The latest tariffs President Donald Trump plans to impose on Chinese goods would cost U.S. households an average of $200 a year, some economists estimate, and would start to bite …

UPDATED: Thu., May 23, 2019

Retailers, shoppers could feel more pain if tariffs spread

An escalating trade war with China could mean higher prices on a broad array of products but some retailers will be less equipped to handle the pain than others, leaving …

UPDATED: Tue., May 14, 2019

Consumers could be collateral damage if U.S. expands tariffs

The Trump administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties. That’s roughly an additional $300 billion worth of products, ranging from …

UPDATED: Thu., March 21, 2019

Consumers should soon see benefit of Fed’s patience on rates

Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and …

UPDATED: Mon., Nov. 26, 2018

Supreme Court could allow suit over Apple iPhone apps’ sales

The Supreme Court seemed ready Monday to allow an antitrust lawsuit to go forward that claims Apple has unfairly monopolized the market for the sale of iPhone apps.

UPDATED: Wed., Aug. 29, 2018

Four reasons why shoppers are in the mood to spend

The store isn’t dead for Home Depot, Kohl’s, Best Buy or Target. Many traditional chains have posted strong sales, both online and at stores, as people are in a mood …

Can big-spending U.S. consumers and businesses sustain growth?

Americans spent with abandon this spring. Businesses invested in more buildings and equipment. And exports jumped. Combined, those factors drove economic growth in the April-June quarter to a 4.1 percent …

UPDATED: Mon., June 25, 2018

Killing the sedan is a headache for Detroit, bargain for drivers

For consumers, however, the auto industry’s wholesale shift to SUVs represents a massive buying opportunity, at least for those who don’t mind driving a car that looks like, well, a …

Amid a flood of plastic, big companies try to clean up image

Public awareness of the problem of plastic waste is swelling after alarming forecasts that there could be more plastic than fish in the oceans by 2050. Plus the shocking images …

UPDATED: Fri., Feb. 9, 2018

Equifax hack put more info at risk than consumers knew

The Equifax data breach exposed more of consumers’ personal information than the company first disclosed last year, according to documents given to lawmakers.

Authentically handmade? How to know amid mass production

For shoppers, it is not always easy to know if something is truly handcrafted, or how much of their money is getting back to artisans across the globe. In an …

Beyond Rx? CVS Health-Aetna deal may mean more services

The second-largest U.S. drugstore chain is buying Aetna, the third-largest health insurer, in order to push much deeper into customer care.

Companies are looking for diverse ad teams to avoid blunders

Diversity in the advertising industry is becoming a higher priority for consumer product companies as they try to reach a new generation of customers with evolving sensibilities on ethnicity, age, …

UPDATED: Thu., Sept. 28, 2017

U.S. economic growth revised up to 3.1 percent rate in Q2

The U.S. economy grew at an upgraded annual rate of 3.1 percent in the spring, the fastest pace in more than two years. But growth is expected to slow sharply …

UPDATED: Fri., Sept. 8, 2017

Consumers struggle to get answers from Equifax after massive hack

After announcing millions of people were impacted by an unprecedented hack on its systems, Equifax faced a customer service nightmare as panicked masses turned to a website and customer service …

UPDATED: Tue., July 25, 2017

Republicans moving to repeal financial rule opposed by banks

The Republican-led House is seeking to overturn a rule that would let consumers join together to sue their banks or credit card companies rather than use an arbitrator to resolve …

U.S. retail sales slide 0.3 percent, biggest drop in 16 months

Americans cut spending at gasoline stations, department stores and electronics shops in May as retail sales registered their biggest drop in 16 months, a cautionary sign for the economy.

House GOP blocks Dem efforts to protect consumer watchdog

House Republicans on Wednesday blocked Democratic efforts to preserve the independence of a consumer watchdog created after the 2008 economic meltdown as the GOP pressed ahead with an overhaul of …

Consumer spending flat for second month in March

U.S. consumers cut back sharply on buying durable goods such as autos in March, leaving overall spending unchanged for a second straight month. A slowdown by consumers was a major …

UPDATED: Thu., March 30, 2017

U.S. economy grew at steady 2.1 percent rate in Q4

The U.S. economy grew at a slightly faster rate in the fourth quarter than earlier estimates, as consumers ramped up spending that’s expected to fuel growth throughout 2017.

Americans spent slightly more at retail stores last month

Americans spent only slightly more in February at retail stores compared with January, a sign of consumer caution despite rising optimism about the economy.

NerdWallet: 9 bills where you can cut a better deal

The word “bills” used to be synonymous with “fixed expenses.” But there’s nothing fixed about many of the bills a typical household pays today.

Consumers spend less than forecast as inflation bites

Consumer spending rose less than projected in January as rising prices pinched Americans’ wallets, leading inflation-adjusted purchases to fall by the most since 2009. The 0.2 percent advance in spending …

UPDATED: Tue., Feb. 28, 2017

Target to launch new brands, lower prices after quarterly results disappoint

Target Corp. will invest in lowering prices, remodeling hundreds of stores, and launching more than a dozen new exclusive brands over the coming year in an effort to jump-start sales …

BBB Tip of the Week: Look out for fashion fakes

Spring is just around the corner, and a new outfit or purse can be a great way to change seasons. Seventy-six percent of the online fashion scams reported to BBB …

UPDATED: Tue., Feb. 7, 2017

More than meets the eye with funeral service

“A good funeral is one that gets the dead where they need to go and the living where they need to be,” writes undertaker and author Thomas Lynch. In response …

UPDATED: Fri., Feb. 3, 2017

Sue Lani Madsen: Fixing coverage mandates a good first step in reforming Obamacare

Consumer-driven, patient-focused health care is the goal as Republicans methodically work through the process of reforming the reform. But it’s hard to feel like the consumer is driving anything in …

P&G gets boost from push to get shoppers to buy pricier products

Procter & Gamble Co.’s drive to sell more upscale skin-care, grooming and house-cleaning products is beginning to show up in its bottom line. Sales of its premium brands helped lift …

Wells Fargo splits chairman, CEO roles after sales scandal

Wells Fargo is splitting the jobs of chairman and CEO and making other major changes to the composition of its board of directors in an effort to make the bank …