consumers

Consumers are still spending, but cracks are starting to show

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Consumer polls about the state of the U.S. economy suggest the mood is grim: Two-thirds of respondents to a recent CBS News poll reported feeling financially stressed, while a majority said soaring gasoline prices are causing hardship. For now, however, such sentiments have yet to quash consumer spending, the critical flow of dollars that keeps … Read more

Walmart says U.S. consumers are under pressure from rising costs

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U.S. consumers are struggling with rising costs — and many are heading to Walmart. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The big-box retailer reported Thursday that its revenue rose 7.3% to $177.8 billion in the first quarter, and same-store U.S. sales grew 4.1%, thanks in part … Read more

Are consumers cracking under the weight of high prices? We’re about to find out.

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Four of America’s largest retailers will report their quarterly earnings this week, and the most pressing question the reports will answer is whether Americans are finally starting to buckle under the weight of rising prices. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The results from Home Depot, … Read more

The average cost of gas in the U.S. is $4.55 per gallon. Here’s how it’s impacting consumers.

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The average cost of gas in the U.S. is $4.55 per gallon. Here’s how it’s impacting consumers. – CBS News Watch CBS News The average price of gas in the U.S. is now up to $4.55 per gallon, an increase of more than 50% since the war with Iran began. CBS News business analyst Jill … Read more

Schlossberg unveils plan to crack down on ‘new frontier’ of AI putting the ‘squeeze’ on consumers: ‘Harbinger’

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NEWYou can now listen to Fox News articles! FIRST ON FOX: NEW YORK, N.Y. — As thousands of New York City residents prepare to hit the road to leave town for Memorial Day and summer travel, Democratic House candidate Jack Schlossberg is calling for an investigation into the way rental car companies, and potentially other … Read more

Medigap premiums leap, and consumers have few alternatives

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After decades of selling insurance, Illinois-based broker John Jaggi had never seen anything like it. More than 80 of his customers who were enrolled in the same Medicare supplemental plan from the insurer Chubb got hit last August with a 45% increase. “In my 49 years of doing biz as a broker, I’ve never seen … Read more

UPS, FedEx and DHL are seeking tariff refunds. Here’s what it means for consumers.

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Major shippers, including UPS, FedEx and DHL, have filed claims for tariff refunds with U.S. Customs and Border Protection (CBP), which on Monday launched a portal through which businesses can request money back for some of the import duties they had paid under the Trump administration.  The companies also pledged to return money to customers who … Read more