Inflation eases to 3% in June — stoking hopes for Fed rate cut

Inflation numbers reported by the government on Thursday came in cooler than anticipated — fueling Wall Street anticipation of an interest rate cut later this year and sending stock market futures soaring before the opening bell. The US government’s Consumer Price Index rose 3% in June, the Labor Department said on Thursday. Inflation for June … Read more

Gen Z Loyalty Stays With Credit Cards

A recent study by Splitit, the only white-label card-based installment platform using consumer credit, in partnership with Pymnts looked at how consumers use the buy now, pay later payment plans and how the model has changed consumer behavior over the last six months. The report titled “Redefining Retail: Consumer Finance Trends Driving the Evolution of Installment Plans,” surveyed more … Read more

Wealthier customers flock to Walmart to boost retailer’s sales in strong Q1 earnings

Wealthy shoppers have flocked to Walmart in greater numbers, helping the nation’s largest retailer overcome inflation headwinds faced by rivals and fuel better-than-expected quarterly results, the company said Thursday. Walmart said total US comparable sales rose 3.8% in its first quarter ended April 30 — with the bulk of the gains coming from households with an … Read more

France Vs. ‘Shrinkflation’: Starting July 1, All ‘Shrinked’ Products Must Be Labelled For Consumers

In 2023, U.S. TikToker Danny Rayes captivated the online community’s attention with a compelling video shedding light on the pervasive phenomenon of “shrinkflation.” Rayes showcased a series of striking examples where popular products underwent a reduction in size while maintaining, or sometimes even increasing, their price points. Notable instances included the revelation that ice cream … Read more

Amazon’s new fees on sellers likened to ‘kick in the gut’

Amazon.com Inc. merchants have found themselves caught in an economic vice. Earlier this year, the e-commerce giant rolled out changes to the fees its charges them — essentially shifting more of its operating costs onto the small businesses that account for most of the products sold on the site. Making matters worse for merchants, shoppers … Read more

Gen Z and Millennial Women: Rethinking Financial Milestones

In the midst of the ongoing financial crisis, women are rethinking how they do everything from celebrating friends’ milestones to planning families. In two separate consumer surveys, Credit Karma digs into the key changes women are making to adjust for the rise in cost of living and the nuanced shifts in behavior. Both surveys, conducted … Read more

Coquette Bows, Staying Hydrated & More 

With the spring season slowly creeping up, the latest consumer trends have already blossomed. A recent report by Faire, the large online wholesale marketplace used by 700,000 independent retailers worldwide, gives a peek into what shoppers are searching for this season.  The “Coquette” aesthetic of flirty, femininity and bows within fashion and beauty is all the rage … Read more

Trump’s Super PAC’s Biden-Mart shows increased grocery bills

Donald Trump’s official Super PAC has launched a new website dubbed “Biden-Mart” that lets users compare Trump-era grocery prices to current costs under Joe Biden’s administration. Biden-Mart.com, published by the Make America Great Again Inc. PAC, features an interactive grocery checklist that encourages users to “check off the items…to compile your weekly grocery list and … Read more

Diane von Furstenberg, Lo Bosworth, Rupi Kaur Share Breadwinner Stories

Cooking puns were not lacking at the Be a Breadwinner event, courtesy of Daniella Pierson, founder and chief executive officer of The Newsette. “After announcing the launch of Be a Breadwinner, the financial fitness movement created by Pierson, earlier this month, Pierson and Kristin Lemkau, CEO of J.P. Morgan Wealth Management co-hosted Breadwinner’s first brand … Read more