November 14, 20240 Comments

UK consumer group takes on Apple over iCloud service By Reuters

LONDON (Reuters) – British consumer group Which? will launch legal action against Apple (NASDAQ:) on Thursday, alleging the tech giant breached competition law by effectively locking millions of its customers into its iCloud service. Which? said Apple encouraged its users to sign up to iCloud to store photos, videos and other data while making it difficult to use alternative providers. Customers then had to pay for the service once their

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November 13, 20240 Comments

Bank CEOs express confidence in deals, consumer finances By Reuters

By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – U.S. bank CEOs expressed confidence in the dealmaking outlook and the health of U.S. consumers at an industry conference in New York on Wednesday. Bank of America’s buildup of advisory work on upcoming mergers and acquisitions is strong, while its pipelines for initial public offerings “are full and ready to go,” CEO Brian Moynihan told attendees. Meanwhile, KeyCorp (NYSE:) CEO

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November 9, 20240 Comments

BofA unpacks potential impact of US election on Consumer Finance stocks By Investing.com

Investing.com — As the U.S. election approaches, Bank of America analysts examined its potential impact on Consumer Finance stocks in a recent research memo.  The bank argued that while policy differences exist between candidates, “the health of the broader U.S. economy” will ultimately be more influential in driving sector fundamentals, particularly regarding unemployment and consumer financial health. One significant area of concern is said to be the regulatory environment surrounding mergers

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November 8, 20240 Comments

Consumer confidence surges as election nears; job openings move lower

Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows, according to separate reports released Tuesday. The Conference Board’s consumer confidence index for October rose more than 11% to a reading of 138, its biggest one-month acceleration since March 2021. Along with that, the board’s expectations index of future conditions jumped nearly 8%, to a reading of 89.1 that

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