Inflation is changing how consumers pay, what they’re buying, surveys say (NASDAQ:DAVE)

SolStock/E+ via Getty Images With inflation all but impossible to ignore, consumers are changing their methods of payment to keep a closer eye on how much they spend, according to a survey of 11,000 consumers in Europe, North America, and Latin America commissioned by payments platform Paysafe (NYSE:PSFE). Some 44% of respondents of the survey … Read more

Exxon CEO Warns That Consumers Will Pay For Hasty Energy Transition

ExxonMobil expects all new cars sold two decades from now to be electric vehicles. But the U.S. supermajor also believes that people will “pay a high price” in this rush to renewables without providing the energy the society currently needs, Exxon’s chief executive Darren Woods told CNBC’s David Faber in an interview last week. Exxon … Read more

Need to protect consumers from consolidation of internet-economy: Govt

Expressing concern over growing consolidation of internet-based economic activities among a few companies in many sectors, the government on Monday said there is a need to protect the consumers’ interest and prevent them from being exploited. The government also said consumer complaints related to online transactions are rising and … Read more

FCA calls on lenders to support consumers struggling with the cost of living

The Financial Conduct Authority (FCA) has called on lenders to remember the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, the FCA says it is important that firms act now to make sure borrowers struggling … Read more

U.S. consumers expect purchasing power to continue to fall, NY Fed survey says

asbe/iStock via Getty Images U.S. households’ perceptions and expectations about their current and future financial situations both eroded in May as their expectations for inflation in the next year increased, according to the New York Fed’s monthly Survey of Consumer Expectations. The one-year ahead median inflation expectations increased to 6.6% in May, up from 6.3% … Read more

China Market: Oil consumers face a summer of pain as China starts coming back to market

Oil bulls are starting to picture a world in which China, the engine of demand growth, comes back to the market. And if their analysis is right, the summer is going to be painful for oil consumers everywhere who’re already facing spiraling prices — whether that’s Americans paying about $5 a gallon gasoline, or Brits … Read more

Automobile Safety Rating System is Failing Consumers

The 5-Star Safety Rating Program that Americans use when shopping for new passenger vehicles “fails consumers” by not including collision-avoidance and other technology in the ratings and is approaching “near irrelevance,” National Transportation Safety Board Chair Jennifer Homendy said. In March, the National Highway Traffic Safety Administration asked for comments on changes to its New … Read more

Centre permits green open access for smaller electricity consumers

In order to increase the purchase of renewable energy in the country, the Centre has allowed smaller electricity consumers, below 100 kW, to purchase green energy through open access. Open access allows a consumer to buy electricity from a source of its choice. Earlier, green energy open access was … Read more

Japan’s household spending falls as rising costs squeeze consumers By Reuters

© Reuters. FILE PHOTO: A man looks at a shop at the Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-Hoon By Daniel Leussink TOKYO (Reuters) – Japan’s household spending fell faster than expected in April as the yen’s sharp decline and surging commodity prices pushed up retail costs, hitting consumer confidence and … Read more

Fearing rate hikes, consumers may front load purchases in niche areas: SBI

Customers, especially in retail verticals could be having a feel of future run expected in interest rates, and might be front loading their purchases in days to come giving a fillip to consumer demands in select niche areas, said SBI Research in a report. The sector-wise data for April indicated … Read more