CHICAGO, Oct. 13, 2020 /PRNewswire/ —Chicago-based Rise Gardens, maker of in-home, smart hydroponic garden systems, today announced it has received an investment from the Amazon Alexa Fund. Building upon a $2.6M seed round that closed in May, the new funding will enable Rise Gardens to expand upon its mission of […]
Consumer
Consumer prices rise 0.2% in September, used vehicles spike
SILVER SPRING, Md. (AP) — U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. The consumer price index rose 0.2% last month, after gaining 0.4% in August, the Labor Department reported Tuesday. Prices for used cars and trucks rose 6.7% in […]
Disney reorganizes to focus on streaming, direct to consumer
Disney is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company’s media business. On Monday, the company revealed that in order to further accelerate its direct-to-consumer strategy, it would be centralizing its media businesses into a single organization that will be responsible for […]
Bank/Financial Earnings Releases Start This Week. All Eyes On Consumer Credit
JPMorgan (NYSE:JPM) reports its Q3 ’20 financial results on Tuesday morning, October 13th, 2020, followed up by Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) on Wednesday. Goldman Sachs (NYSE:GS) also reports Wednesday morning, while Charles Schwab (NYSE:SCHW) reports Thursday morning before the opening bell. All in, I have 15-20 […]
U.S. consumer watchdog rescinds ban on mortgage marketing deals
WASHINGTON (Reuters) – The U.S. consumer watchdog said on Wednesday it was rescinding guidance that had effectively banned joint marketing agreements between mortgage lenders, realtors and other home buying service providers, saying it did not provide necessary “regulatory clarity” on how to comply with the law. The move is another […]
U.S. consumer borrowing falls on smaller credit-card balances
U.S. consumer borrowing unexpectedly fell in August as credit-card balances declined for a sixth consecutive month with the coronavirus pandemic continuing to limit some purchases amid elevated unemployment. Total credit decreased US$7.2 billion from the prior month after an upwardly revised US$14.7 billion July gain, Federal Reserve figures showed Wednesday. […]
Rise in Consumer Use of Credit Cards, Digital Payments, and Mobile Banking Will Linger Post-Pandemic, predicts Packaged Facts
Since the pandemic, market research firm Packaged Facts reports important shifts in payment method and payment method safety; spending and banking behavior; and credit use and future payment choices among U.S. consumers ROCKVILLE, Md., Oct. 7, 2020 /PRNewswire/ — The COVID-19 pandemic is significantly influencing national purchasing habits, pushing a […]
Auto Experience, Inc. Proposes To Acquire Auto Finance Firm Consumer Portfolio Services For $135 Million In Cash
DALLAS, Oct. 8, 2020 /PRNewswire/ — Auto Experience, Inc., created in 2018 to pursue strategic business opportunities in the automobile financing market, today announced it has informed the board of directors of Consumer Portfolio Services, Inc. (Nasdaq: CPSS) of its interest in acquiring the company in an all-cash transaction valued […]
Venmo’s New Consumer Credit Card Could Also Bring Rewards for Its Retail Business Users
© Courtesy of Venmo Click here to read the full article. With consumers showing greater interest in contactless checkout and flexible payment options, retailers have been exploring new solutions through which to sell their product and keep shoppers happy. The announcement of a new Venmo Credit Card could push more […]
Fraudsters are switching from credit cards to Bitcoin, says consumer protection company
Fraudsters are taking advantage of the irreversible nature of crypto transactions, says MyChargeBack’s vice president of global operations, Michael Cohen. When Bitcoin (BTC) was first envisioned, one of its selling points was the fact that it was offering better protection to retailers than credit cards. In one of his earliest […]
Goldman Set to Add GM Credit Cards to Its Growing Consumer Book
(Bloomberg) — Goldman Sachs Group Inc. is close to signing a deal to take on General Motors Co.’s credit-card business, according to a person with knowledge of the matter. Load Error The deal would let Goldman add its brand to another Main Street business line as its nascent consumer business […]
Goldman Sachs CEO shuffles consumer banking, wealth management leaders
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth […]
Singtel appoints consumer head as new group CEO
Singtel’s consumer business chief will assume the role of group CEO next year, as the Singapore telco’s current head is set to retire. The announcement is the latest to reveal a change at the top seat amongst telcos in the country over the past couple of years. A 27-year veteran […]
U.S. consumer confidence surges; goods trade deficit widens
WASHINGTON (Reuters) – U.S. consumer confidence rebounded more than expected in September amid an improvement in labor market views, but it remained below levels that prevailed before the COVID-19 pandemic struck the nation early this year. FILE PHOTO: A shopper is seen wearing a mask while shopping at a Walmart […]
Why Innovation Department Looks For The Overlooked Pockets Of Opportunities In Consumer Brands
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Finn formulates premium pet supplements that combine trusted research and modern wellness Finn The founders of Innovation Department believe that in the search for the next billion-dollar exit, there are pockets of opportunities being overlooked in consumer brands. Through a unique application of linear commerce, they have built brands like Wellpath […]
Piper Sandler Appoints Janica Lane as Co-Head of Consumer Investment Banking
The MarketWatch News Department was not involved in the creation of this content. Piper Sandler Companies (NYSE: PIPR), a leading investment bank and institutional securities firm, has named Janica Lane as co-head of consumer investment banking, effective immediately. Lane will co-lead the group with Damon Chandik. “Janica is a truly […]
Global OTC Consumer Health Products Market 2020 Industry Research, Business Growth, Future Investment and Emerging Trend to 2025
The MarketWatch News Department was not involved in the creation of this content. Sep 22, 2020 (CDN Newswire via Comtex) — The report titled Global OTC Consumer Health Products Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 provides a market overview, market definition, regional market opportunity, sales, […]
GIC Leads $500 Million Funding into Consumer Credit Unicorn Affirm
A Singapore sovereign wealth fund has led a $500 million funding round into Affirm, the San Francisco fintech startup begun by PayPal co-founder Max Levchin that aims to cut out credit cards from online shopping. GIC, formerly known as the Government of Singapore Investment Corp., and Durable Capital Partners are […]
Will the (auto, boat, home and garden) show go on? I-X Center closure, coronavirus pandemic cause turmoil for consumer events planners
CLEVELAND, Ohio — More cars are sold in March in northern Ohio than any other month, according to Lou Vitantonio, president of the Greater Cleveland Automobile Dealers Association. © Gus Chan, The Plain Dealer/cleveland.com/TNS Boats on display at the Progressive Cleveland Boat Show in January 2020. Will the event return […]
CalAmp Awarded 2020 OCTANe High Tech Award for Best Consumer Technology Innovation
IRVINE, Calif., Sept. 18, 2020 /PRNewswire/ — CalAmp (Nasdaq: CAMP), a global technology solutions pioneer transforming the mobile connected economy, won the 2020 OCTANe High Tech Award for Best Consumer Technology Innovation for its Here Comes The Bus® school bus tracking solution developed by its subsidiary, Synovia Solutions. This award […]