All the US equity sectors have bounced off the March 23 broad market low, with consumer discretionary shares leading the way, based on a set of exchange-traded funds through Monday’s close (October 12). Technology is a close second. On both fronts, the rallies have carried prices well above the broad […]
Consumer
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 […]
Putting the “Consumer” Back Into Consumer Financial Services
Editor’s note: This podcast episode is provided through an exclusive industry partnership between insideARM and Clark Hill, PLC. Podcast host Joann Needleman, a leading financial services attorney and member of the iA Legal Advisory Board, provides bite-sized hot topics in the consumer finance space. ClarkHIll content—and all insideARM articles—are protected by copyright. All rights are […]
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. […]
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 […]
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, […]
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 […]
FM Sitharaman Announces Festival Advance to Boost Consumer Spending
To encourage consumer spending, Sitharaman announced two schemes- a leave travel concession (LTC) cash voucher and special festive advance-mainly aimed at benefitting central government employees Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! October 12, 2020 2 min read You’re reading Entrepreneur India, an […]
India to boost consumer, capital spending by $10bn amid pandemic
SINGAPORE (ICIS)–India is taking steps to boost consumer and capital spending by about $10bn to shore up its coronavirus-hit economy, Finance minister Nirmala Sitharaman said on Monday. The measures include advance payment of a part of the wages of federal government employees and allowing government employees to spend tax-exempt travel […]
Top FinTech Leaders Announces Ambition to Empower Consumer Finance With the Launch of
Business Wire IndiaThe FinTech Association for Consumer Empowerment (FACE) was officially launched on 1st October to promote a robust, diverse and inclusive FinTech ecosystem in India. The association aims to champion open and responsible lending practices in consumer finance through digital consumer lending organizations and play a pivotal role in […]
Consumer confidence, faith in economic growth higher in Lancaster County than in nation overall, survey finds | Local Business
Steve Black senses a mood swing. Business associates, friends and family members are voicing more optimism about the future, said Black, 66, of Elizabethtown, who owns Heartwind Homes, a residential remodeling company. “I’ve seen an uptick since July,” he said, noting that many construction companies have months’ worth of backlogs […]
How consumer confidence among Lancaster County residents is tracked | Local Business
The Center for Regional Analysis calculates its Consumer Sentiment Index from the results of a monthly online survey of Lancaster County residents that typically draws about 1,000 respondents. The local survey is modeled after a national one developed by the University of Michigan. Eight of the 17 questions request typical […]
Aboitiz supports public-private collab to build consumer confidence
THE Aboitiz Group has expressed its full support to the recently launched public-private collaboration information campaign that aims to build consumer confidence and safely re-open the economy amid the Covid-19 pandemic. Dubbed the “Ingat Angat Tayong Lahat,” the campaign rallies the public to embrace the “new normal” — that […]
Four trends that will define consumer lending segment in India
© India Today Group Post Covid-19: Four trends that will define consumer lending segment in India As the ongoing COVID-19 pandemic unleashes a worldwide public health crisis, people across the length and breadth of the country are also bracing themselves for the economic crisis triggered by the disruption to the […]
What does RBI’s latest consumer surveys tell us?
© Reuters Explainer: What does RBI’s latest consumer surveys tell us? The findings of RBI’s latest consumer surveys offer some insights to the general economic situation. According to this, consumers expect improvements in the general economic situation, employment conditions and income scenario during the coming year. The discretionary spending, however, […]
Consumer spending slows in Connecticut
This chart shows the percentage change in consumer spending for each state between 2018 and 2019. Contributed/U.S. Bureau of Economic Analysis Consumer spending in Connecticut slowed last year, registering the lowest increase in two years. Personal expenditures on goods and services increased 2.9% in 2019, compared to 4% in 2018 […]
The Exciting Digital Use Case for the Indian Consumer Outpatient Care
DUBLIN, Oct. 12, 2020 /PRNewswire/ — The “Ehealth – The New Norm Post Covid” report has been added to ResearchAndMarkets.com’s offering. Indian eHealth at a Tipping Point Indian eHealth’ sector is at a tipping point, and is projected to grow by ~13x, to become a $16 Bn opportunity by FY […]