Core CPI Misses the Reality of Paycheck-to-Paycheck Pressures

Core CPI Misses the Reality of Paycheck-to-Paycheck Pressures
Core CPI Misses the Reality of Paycheck-to-Paycheck Pressures
December 20, 2022  |  Economy

Core CPI numbers say inflation’s sting is easing. The paycheck-to-paycheck reality says otherwise. At a high level, the Consumer Price Index exists as a benchmark...

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Senate Appoints Martin Gruenberg as FDIC Chairman
Senate Appoints Martin Gruenberg as FDIC Chairman
December 20, 2022  |  Personnel

The U.S. Senate has named Martin Gruenberg to his second term as FDIC chairman. According to published reports, the Senate confirmed Gruenberg and named Republicans...

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Visa Explores Automatic Recurring Payments Via Blockchain
Visa Explores Automatic Recurring Payments Via Blockchain
December 20, 2022  |  Blockchain

Visa is exploring ways to allow automatic recurring payments through a blockchain like Ethereum. Blockchain adoption is increasing but setting up automatic recurring payments is...

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CFPB Levies Record $3.7B Fine on Wells Fargo
CFPB Levies Record $3.7B Fine on Wells Fargo
December 20, 2022  |  Legal & Regulation

The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the...

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General Mills Sees Shift to Grocery Amid High Food Prices
General Mills Sees Shift to Grocery Amid High Food Prices
December 20, 2022  |  Economy

General Mills is noticing that, with high food prices, consumers are eating more at home. On a call with analysts Tuesday (Dec. 20) accompanying the...

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Amazon Scam Prevention Cautions Consumers About False Urgency, Bogus Postcards
Amazon Scam Prevention Cautions Consumers About False Urgency, Bogus Postcards
December 20, 2022  |  Retail

Amazon scam prevention is flagging new tactics aimed at separating unsuspecting consumers from their money. Abigail Bishop, head of scam prevention at Amazon, tells PYMNTS the...

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Dollar Stores Step up Race to Add Locations Amid Consumer Shift
Dollar Stores Step up Race to Add Locations Amid Consumer Shift
December 20, 2022  |  Retail

Dollar stores and discount retailers are racing to meet consumer demand by adding locations. Dollar General and Dollar Tree, together, expect to have opened 1,300...

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Amazon Ends EU Antitrust Probes With Settlement
Amazon Ends EU Antitrust Probes With Settlement
December 20, 2022  |  ANTITRUST

Amazon has reached a settlement in a pair of European antitrust probes against the retailer. The agreement, announced Tuesday (Dec. 19), includes a concession by...

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Automakers: Car Chip Shortage Will Slow Adoption of EVs, Connected Cars
Automakers: Car Chip Shortage Will Slow Adoption of EVs, Connected Cars
December 20, 2022  |  Connected Economy

The car chip shortage that has bedeviled the auto industry this year isn’t going away. That’s according to a Tuesday (Dec. 20) report by the...

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