ORLANDO, Fla., Oct. 13, 2020 /PRNewswire/ — VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced financial results for its Fiscal 2021 second quarter and six-months ended August 31, 2020. Commenting on the Company’s results, Pat Lavelle, President […]
Concumer Finance
Blackstone-owned lender and servicer Finance of America to go public
End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition […]
RELEASE: Repealing the ACA in the Middle of the Pandemic Would Undermine Women’s Health and Financial Security
Washington, D.C. — Today, the Women’s Initiative at the Center for American Progress released a new column that reveals how repealing the Affordable Care Act (ACA) would prolong and worsen the effects of the COVID-19 pandemic for women and their families, threaten women’s financial security, and augment gender inequities in […]
IBM and The Climate Service to Work Together with Financial Institutions and Corporations to Assess the Cost of Climate Risk
ARMONK, N.Y. and DURHAM, N.C., Oct. 14, 2020 /PRNewswire/ — IBM (NYSE: IBM ) and The Climate Service (TCS), a leader in climate risk analytics for investors and businesses, today announced their alliance to work with financial institutions and corporations to better measure and quantify risks associated with climate change. […]
Goldman Sachs hurt by pandemic as revamp is stalled
Goldman Sachs management is considering whether to scale back financial targets set earlier this year, as the coronavirus pandemic has hindered the bank’s business model revamp, analysts and sources inside the bank told Reuters. Goldman unveiled plans to boost returns on equity and cut costs during its first-ever investor day […]
India Unveils $6.6 Billion Plan to Boost Consumer Demand
(Bloomberg) — India announced measures worth $6.6 billion to stimulate consumer demand and investment in the economy damaged by the coronavirus pandemic. © Bloomberg Workers talk on mobile phones at a road construction site in Bhopal District, Madhya Pradesh, India, on Tuesday, Nov. 20, 2018. Key Indian states are voting […]
ConsumerTrack Adds New Financial Website to Roster with Launch of GOFinancialAdvice
LOS ANGELES, Oct. 13, 2020 /PRNewswire/ — In a time of uncertainty like Covid, millions of people struggle with the ongoing trials of financial hardships. ConsumerTrack, a leading Los Angeles-based digital media and marketing company, has seen growing demand from millions of visitors to its personal finance websites, including GOBankingRates.com. […]
The Impact Of Covid-19 On U.S. Economy And Financial Markets
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Sorry we’re CLOSED due to COVID-19. Foldable advertising poster on the street Getty This has been a year to remember……. or perhaps, forget. With a raging coronavirus, civil unrest, and rampant political demagoguery, finding the truth has proved challenging. Regardless, there is much we do know and with that, here […]
Future Returns: Investing in a New Consumer Behavior Era
Anticipating fiscal reactions to the shifts in consumer behavior caused by the Covid-19 crisis isn’t easy. But careful observers can find plenty of indicators for how people live and spend money in the new normal. It’s important to keep in mind many changes, despite the circumstances, aren’t from left field. […]
Regions Bank Announces Disaster-Recovery Financial Services Following Hurricane Delta
Deferred payments and additional offers available as recovery moves forward. Regions Bank on Tuesday announced a series of financial services, including payment extensions and the waiving of certain fees, to help people and businesses in portions of Louisiana1 that were impacted by Hurricane Delta. This press release features multimedia. View […]
Citigroup’s Corbat faces tense analyst questions as he approaches exit
By Imani Moise and Niket Nishant (Reuters) – Citigroup Inc’s <C.N> outgoing chief executive came under fire on Tuesday for mistakes that have led to regulatory penalties, with analysts questioning his pay and why he is not leaving immediately in a conference call to discuss quarterly results. In unusually direct […]
Personal finance advice relies on shame; what if we tried empathy?
When June applied to be on the Suze Orman show in 2012, she was a young doctor making $58,000 a year with $240,000 in student loans from medical school and $40,000 in credit card debt. As a divorced mother with three children, who was also caring for a terminally ill […]
Finance Minister Sitharaman announces proposals to stimulate consumer demand
New Delhi [India], October 12 (ANI): Trying to give a boost to the plummeting economy, Finance Minister Nirmala Sitharaman on Monday announced two proposals — Leave Travel Concession (LTC) Cash Voucher Scheme and Special Festival Advance Scheme — to stimulate consumer demand. This comes a few hours ahead of the […]
Second Wave of Coronavirus Wallops Canadian Consumer Confidence
(Bloomberg) — Canadian consumer confidence recorded its largest one-week decline in five months as the nation gets hit by a second wave of Covid-19 cases. The Bloomberg Nanos Canadian Confidence Index, a composite measure of financial health and economic expectations derived from telephone polling, dropped more than half a point […]
Citizens Financial Group to Participate at the Bank of America Future of Financials Virtual Conference 2020
Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chairman and Chief Financial Officer John Woods and President of Consumer Lending Eric Schuppenhauer will participate at the Bank of America Future of Financials Virtual Conference 2020 on Tuesday, November 10, 2020 at 8:50 am ET. The live webcast will […]
Used vehicles again lift U.S. consumer prices, but inflation cooling
By Lucia Mutikani © Reuters/NICK CAREY FILE PHOTO: Brandon Parrum, general manager of CarMax’s Des Moines store, walks past vehicles that customers can arrange to buy online and collect at the store using “contactless” curbside pickup WASHINGTON (Reuters) – U.S. consumer prices increased for a fourth straight month in September, […]
Finance of America Plans $1.9B SPAC Merger to Go Public
The Blackstone Group-backed Finance of America Equity LLC is planning to go public through a merger with a blank check company, the Wall Street Journal reported Monday. What Happened: The consumer-lending platform is expected to merge with special purpose acquisition company Replay Acquisition in a deal that will give it […]
Used Vehicles Lift U.S. Consumer Prices, but Inflation Slowing | Investing News
WASHINGTON (Reuters) – U.S. consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, though inflation is slowing amid labor market slack as the economy gradually recovers from the COVID-19 recession. While the benign report from the […]
Consumer Reports: Smart money strategies during COVID-19 pandemic
For millions of Americans, this year has forced them to make very difficult financial decisions. And while the economic recovery is very uneven, for people with some money leftover at the end of each month, the question might be what to do with it: Spend it or save it? Consumer […]
India finance minister announces steps to boost consumer demand
NEW DELHI, Oct 12 (Reuters) – India’s finance minister on Monday announced steps to stimulate consumer demand including advance payment of a part of the wages of federal government employees for spending during the festival season, part of efforts to bolster the pandemic-hit economy. The government will also allow its […]