Vice President Mike Pence backs Trump’s call to lower interest rates, citing low consumer inflation

Trump and economic advisor Larry Kudlow have also called for lower rates, though the Fed generally makes decisions independently of political demands.
Politics

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MEN’S FORUM: The Whitaker Group’s James Whitner Relies on Instinct and Close Consumer Connections to Stay Ahead

For The Whitaker Group’s founder James Whitner, being the consumer is essential to knowing the consumer.
With an assortment of stores via his company’s four retail entities — Social Status, A.P.B., Prosper and A Ma Maniére — Whitner emphasized the importance of being submerged with the people you are trying to connect with. He asked, “Are you focused on the consumer? Do you know who the consumer is and why? Most people don’t. You’re casting a wide net in men’s wear…I’m the guy. I’m the guy who’s buying the stuff and wearing the stuff.”
Aside from anticipating what his shoppers want, Whitner spoke of how he tries to design spaces that they will emotionally respond to. “I’m always trying to re-create the places and spaces I’ve been in. I feel like I have a romantic affair with the consumer in the process. Can someone cue the music? [Romantic tunes follow.] When I walk into a store, this is how I feel. I’m being romanced by the romance,” he said.
Referring to outdated business practices that can’t keep up with quick fire social media and fashion’s rapid speed of change, Whitner said, “You’ve got to set your businesses up to move like we move.

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Changing consumer trends have contributed to Kraft Heinz’s troubles, retail analyst says

"The challenge for Kraft Heinz goes well beyond" the company "to what's going on with food producers … we think the environment is just awful," Wolfe Research analyst Scott Mushkin says.
Economy

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Australia’s consumer is in pretty good shape: JB Hi-Fi CEO

Richard Murray of JB Hi-Fi discusses the company's earnings report and performance amid the decline in Australia's house prices. He also says he is focused on "managing risk" because he runs a low-margin business.
Real Estate

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RPT-Wall St Week Ahead-U.S. fund managers brace for consumer slowdown

With expectations for slowing growth
escalating, U.S. fund managers are selectively avoiding stocks
in consumer companies as lofty valuations, concerns about
declining earnings estimates, and consumer confidence keep them
on guard.


Reuters: Company News

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U.S. consumer confidence hits one-and-a-half year low in January

U.S consumer confidence fell to a 1-1/2 year low in January as a partial shutdown of the government and financial markets turmoil left households nervous about the economy’s near-term outlook.


Reuters: Business News

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Home improvement stocks can get good returns despite fading consumer sentiment: Analyst

Home improvement could soften this year, but a "fairly healthy level" of appreciations can support remodeling growth, G.research's Alvaro Lacayo says.
Real Estate

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Bioethicists call for oversight of consumer ‘neurotechnologies’ with unproven benefits

The marketing of consumer ‘neurotechnologies’ can be enticing: apps that diagnose a mental state, and brain devices that improve cognition or ‘read’ one’s emotional state. However, many of these increasingly popular products aren’t fully supported by science and have little to no regulatory oversight, which poses potential health risks to the public. Two bioethicists suggest the creation of a working group that would further study, monitor, and provide guidance for this growing industry — which is expected to top $ 3 billion by 2020.
Consumer Behavior News — ScienceDaily

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Retailers can manipulate consumer regret to beat competitors

Markdown retailers can survive the entry of an everyday low price retailer into a highly competitive market by manipulating price, product availability, and the regret consumers feel when they pay too much or wait until a product is unavailable to decide to buy it, according to a new study. The results explain why markdown pricing remains ubiquitous in spite of the simplicity and marketing and operational advantages of everyday low pricing.
Consumer Behavior News — ScienceDaily

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Jobless claims signal labor market strength, consumer confidence tumbles

The number of Americans filing applications for jobless benefits fell marginally last week to near a 49-year low, pointing to underlying strength in the labor market.
Economy

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Consumer shares ‘the worst Amazon delivery story ever’

Dear John: Here’s some comic relief: The Worst Amazon Delivery Story Ever. Last week, we ordered a safe (as in, the thing you keep valuables in). Amazon promptly delivered a monstrosity that weighed about 100 pounds. But they forgot to include the key, without which the safe cannot be opened or closed. The key weighs…
Business | New York Post

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Consumer confidence may take a hit thanks to turbulent Wall St.

Get ready for a holiday hangover. Consumer confidence, which is seen as driving higher-than-expected holiday spending, could be headed for a crash of sorts — or at least a serious slowdown. That’s because a new survey is showing consumers to be increasingly worried about the economy next year, more than they have been in the…
Business | New York Post

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U.S. Consumer Confidence Pulls Back More Than Expected In November

Reflecting a pullback in expectations, the Conference Board released a report on Tuesday showing a bigger than expected decrease in U.S. consumer confidence in the month of November. The Conference Board said its consumer confidence index dropped to 135.7 in November after rising to 137.9 in October.
RTT – Economic News

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Consumer sentiment slides in November as Americans expect less future income

Consumer sentiment for November fell more than anticipated in the final reading of the month, although the index remained near record highs.
Economy

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Consumer Group Releases ‘Worst Toys’ List For Holidays

BOSTON (AP) — A Black Panther “slash claw” and a plastic Power Rangers sword are among the toys topping a consumer safety group’s annual list of worst toys for the holiday season.

Massachusetts-based World Against Toys Causing Harm, or W.A.T.C.H., unveiled its list Tuesday at a Boston children’s hospital.

A Nerf gun, a Cabbage Patch Kids doll and a xylophone for infants also made the list.

The nonprofit organization’s president, Joan Siff, says many of the toys represent choking, eye and other safety hazards that surface year after year.

But the Toy Association, a toy industry trade group, says the annual list is biased and inaccurate. The association says W.A.T.C.H. does not test the toys.

W.A.T.C.H. has been releasing its list for more than four decades.

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Consumer sentiment tops expectations in November, stays on pace for best year since 2000

A preliminary reading on consumer sentiment for November came in slightly above expectations.
Economy

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Consumer confidence rises to an 18-year high in October

U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labor market, suggesting strong economic growth could persist in the near term.
Economy

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Bank of America earnings’ jump, topping Wall Street estimates, as consumer credit improves

Chief Executive Officer Brian Moynihan, 59, has focused on cutting costs while looking for profit opportunities that fit his "responsible growth" mantra. 
Top News & Analysis

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Consumer sentiment falls shy of expectations, but confidence in economic policy is at a 15-year high

Consumer sentiment in October fell just short of expectations on Friday.
Economy

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