Commentary Brendan Whitworth, CEO of Anheuser-Busch, has finally granted an interview on the Bud Light controversy. He managed to get through the interview without saying anything meaningful beyond the usual corporate cliches. What remarkable talent it requires to be subjected to a 9-minute interview and say nothing about the only reason for the interview: the…
Regulators Take Aim at AI to Protect Consumers and Workers
NEW YORK—As concerns grow over increasingly powerful artificial intelligence systems like ChatGPT, the nation’s financial watchdog says it’s working to ensure that companies follow the law when they’re using AI. Already, automated systems and algorithms help determine credit ratings, loan terms, bank account fees, and other aspects of our financial lives. AI also affects hiring,…
Consumers Warned Over Faulty Carbon Monoxide Detectors Sold on Amazon
The U.S. Consumer Product Safety Commission (CPSC) is warning consumers not to purchase or use two popular carbon monoxide detectors being sold on Amazon as they do not work. In a press release, the independent agency said that testing showed the two detectors, made by manufacturers GLBSUNION and CUZMAK, can fail to alert consumers to the presence of hazardous carbon monoxide….
Walmart Has ‘A Lot of Trepidation’ About Economy, as Consumers Feel ‘Very Pressured’
Walmart is concerned about the U.S. economic outlook this year after its latest earnings projections showed that consumers were under heavy pressure. Shares of the retail giant rose 0.4 percent after the big-box retailer gave its weaker-than-expected outlook for the year ahead. The world’s largest retailer saw its full-year earnings forecast (pdf) fall below estimates, as…
Shoppers to Face Fresh Price Hikes as Stores, Suppliers Pass on Costs
February 8, 2023
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LONDON—Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms, and investors, unless commodity costs decline or the shift to cheaper store-brand products accelerates. Retailers and consumer goods producers have been stuck in tough price negotiations for more than a year now,…
Grocery Consumers Sue to Block Kroger’s $25 Billion Buy of Albertsons
A private lawsuit filed in California on Thursday seeks to stop Kroger Co.’s planned $25 billion purchase of rival Albertsons Companies Inc., a deal that state attorneys general, consumer groups and some U.S. lawmakers have questioned as harmful to competition in the grocery market. The lawsuit was filed on behalf of 25 consumers in states…
US Consumers Falling Behind on Loans, With Credit Card Payments to Reach 13-Year High in 2023: Report
American consumers are expected to fall behind on their personal loan and credit card payments next year at the highest rate in over 10 years, consumer credit reporting agency TransUnion has warned. Credit card delinquency rates have generally remained near pre-pandemic levels, according to TransUnion, but this is expected to see a pronounced change in 2023. According to TransUnion’s 2023…
Pretty Toxic | Documentary
November 26, 2022
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Pretty Toxic is a documentary about the toxic chemicals used by the $500 billion beauty industry—and the healthy price consumers pay to be pretty. * Click the “Save” button below the video to access it later on “My List.” – Feature Films: Cinema collection: http://epochcinema.com Epoch Original content: http://epochoriginal.com Feature Films: https://www.theepochtimes.com/featured-films Follow EpochTV on…
Federal Consumer Carbon Price to Expand to Three Atlantic Provinces Next Summer
Three Atlantic provinces will be subject to the federal consumer carbon price next summer, with their residents getting the quarterly rebate cheques meant to prevent households from being worse off financially as a result of the program. Environment Minister Steven Guilbeault will announce the change today after a federal review determined the provincial systems in Newfoundland…
How Shortcomings in Credit Scoring and Tax Processing Affect Consumers
There are nearly 50 million consumers in the United States without a firm credit score, leaving them financially fragile. Those same people are impacted by a massive IRS backlog of paper 1040s, leading to delayed tax returns. However, a few initiatives could help turn those circumstances around. Even if you generally feel well-to-do, it’s a…
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