The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those were the mixed messages sent from the Bureau of Economic Analysis report released Friday (June 28) on personal income and...
Consumers are more likely to expect an expansion of public assistance programs than they were a year ago. Among the programs about which they have increased optimism are federal student aid, student debt forgiveness, federal welfare programs, unemployment benefits and the federal minimum wage, the...
America’s leading consumer watchdog is reportedly weighing a sweeping change to the title insurance industry. As Bloomberg News reported Wednesday (April 10), the Consumer Financial Protection Bureau (CFPB) is considering whether to forbid mortgage bankers from charging homeowners for title insurance, ending a long-held practice....
We may have to wait a bit longer for rate cuts. And for the U.S. consumer, inflation’s a stubborn fact of life — volatile, to be sure — and it seems like when one category of spending becomes more manageable, others become more expensive. In...
July 25, 2023
Paid-off homes and higher savings cushions could be behind the elder generation’s purchasing abilities. Even as they ease out of their peak earning power, baby boomers and seniors remain the generation most able to make ends meet. Born before 1964, members of this demographic are largely considering reducing their working hours or easing into retirement […]
June 13, 2023
Wall Street is parsing the latest inflation data, gaming the odds of another Fed rate hike — or pause. And while the headline data show that consumer prices overall rose...
November 16, 2022
The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to invest in home remodeling projects...
August 20, 2020
Amid the lingering economic aftershocks of the pandemic looms a housing crisis — if millions of people are unable to pay the rent. After trillions of dollars of stimulus payments,...
May 28, 2024
Consumers are more likely to expect an expansion of public assistance programs than they were a year ago. Among the programs about which they have increased optimism are federal student aid, student debt forgiveness, federal welfare programs, unemployment benefits and the federal minimum wage, the Federal Reserve Bank of New York’s Center for Microeconomic Data […]
April 10, 2024
America’s leading consumer watchdog is reportedly weighing a sweeping change to the title insurance industry. As Bloomberg News reported Wednesday (April 10), the Consumer Financial Protection Bureau (CFPB) is considering...
February 08, 2024
Zillow has begun targeting customers who want to rent — or rent out — a room. The real estate website announced Thursday (Feb. 8) that its platform now gives users the...
January 24, 2024
Rent payment loyalty platform Bilt Rewards is now a $3.1 billion company. Bilt’s new valuation follows a $200 million equity investment led by General Catalyst, as well as the addition of General Catalyst...
