Us Consumer News

News

Faster inflation takes toll on US consumer sentiment in July

Consumers expect inflation to rise 4.8% over the next year, the highest since August 2008The expected inflation rate over the next five to 10 years crept up to 2.9%

1 min read16 Jul 2021
Companies

Nestle gets boost from US consumers spending more on pets

Nestle gets a boost from US consumers spending more on their pets with first quarter sales rising 2.8% against 2.5% expectation

1 min read19 Apr 2018
Companies

Samsung, stung by Note7 failure, recalls 2.8 mn washers in US over safety issues

Samsung says it is recalling about 2.8 mn washing machines in the US after reports that the top of the machine can become detached during use

1 min read5 Nov 2016
Market

Drop in US consumer spending clouds Fed rate hike outlook

Consumer spending, which has been robust in recent months, partially offset the drag from weak business investment and falling inventories in the second quarter

1 min read30 Sep 2016
Companies

Samsung to replace or refund one million US Galaxy Note 7 phones

Samsung says that new Galaxy Note 7 replacement devices will be available at most retail locations in the US no later than 21 September

1 min read16 Sep 2016
Companies

Dr. Reddy’s says it faces US scrutiny over packaging rules

Dr. Reddy's says the company has complied with all legal requirements and will defend itself against the allegations

1 min read9 Jun 2016
Market

Nasdaq rallies to record as US stocks surge on Fed rate view

Nasdaq climbs 1.3% to 5,132.95, topping its record in May; S&P 500 Index adds 1% to 2,121.24, rising for a third straight day

4 min read19 Jun 2015
Industry

Consumer of last resort missing as US leaves the world behind

Home grown demand and production are more important drivers of the US economy than they were a decade ago

10 min read2 Dec 2013
Market

Most Asian stocks fall after US consumer confidence declines

Japan's Topix index fell 0.2% and Australia's S&P/ASX 200 Index slipped 0.2%

3 min read27 Nov 2013
News

Fed says household debt declines in first quarter to 2006 level

Household debt fell to $11.2 trillion in the first quarter compared with a peak burden of $12.7 trillion in the third quarter of 2008

2 min read14 May 2013
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