Saturday, March 29, 2025

Tag: consumer

Apple Accused of Misleading AI Ads — FTC Investigation Underway

A South Korean civic group has reported Apple for false advertising regarding AI features, prompting an FTC investigation and a U.S. lawsuit.

Why Falling Transport Stocks Could Mean a Slowing U.S. Economy

U.S. transportation stocks' decline signals economic concerns, impacting market outlook despite slight recovery in other indices.

FDA Recalls Frozen Korean Oysters Over Norovirus Risk

The FDA recalls frozen oysters from South Korea due to potential norovirus contamination, urging caution among consumers and businesses.

Disillusioned Tesla Owners Sell Cars in Protest as Musk’s Political Moves Backfire

Tesla owners express discontent with Elon Musk, selling cars in protest as stock prices decline amid political controversies.

Goldman Sachs Revises U.S. GDP Forecast Down to 1.7% as Tariff Effects Take Hold

Goldman Sachs lowers U.S. GDP growth forecast to 1.7% due to Trump's tariffs, predicting higher inflation and reduced consumer spending.

Wall Street Retreats as Growth Stocks Struggle and Defensive Stocks Surge

U.S. stock market declines amid fears of economic slowdown and inflation, with defensive stocks performing well while growth stocks falter.

Stock Market Jitters: Mixed Results as January CPI Surpasses Expectations

U.S. stock indices showed mixed results as investor sentiment dipped due to higher-than-expected CPI, impacting interest rate expectations.

Japan’s Household Savings Rate Hits 1.5% in 2023, Marking Three Years of Decline

Japan's household savings rate fell to 1.5% in 2023, driven by inflation and increased consumer spending, marking a three-year decline.

Economists Warn Inflation Will Persist in 2025, Blaming High Tariffs and Service Sector Costs

Inflation concerns persist as the Trump administration may raise tariffs, impacting U.S. prices and economic stability in 2024.

Fake Royalty? Chinese Influencers Claim to Be Middle Eastern Royals to Sell Products, Get Busted

Influencers in China impersonated Middle Eastern royals to sell low-quality goods, leading to account suspensions amid public skepticism.

Inflation Woes: November CPI Sees Slight Uptick, Leaving Consumers on Edge

U.S. CPI rose 2.7% year-over-year in November, signaling inflation challenges for the Federal Reserve amid resilient consumer spending.

Goldman Sachs Warns: Trump’s Tariffs Could Spike Inflation by 1%

Goldman Sachs warns that Trump's tariff policies could raise U.S. inflation by 1%, impacting consumer prices significantly.