LOS ANGELES/WASHINGTON: The first time President Donald Trump threatened tariffs on the luggage that Tiffany Williams imports for her Texas store, she stockpiled high-end suitcases and other products ahead of the deadline to protect profits.This time, she may not have that option.Trump on Sunday vowed to lift tariffs on US$200 billion of Chinese imports to 25 percent from 10 percent by the end of this week if no trade pact is sealed between the world's two largest economies.Williams sources about 85 percent of the products for her business, Luggage Shop of Lubbock, from China, and she bought heavily before Trump's first round of 10 percent hit last fall."This time we will not have that opportunity. We won't be able to load up," said Williams, who voted for Trump.Her sales are down since November, under pressure from tariff-related sticker-shock on her mainstay high-end products and competition from online rivals like Amazon.com Inc.In an email on Monday she shared with Reuters, … [Read more...] about Trump’s tariff push squeezes businesses and consumers
Indonesians were more inclined to spend money on consumer goods in April than a month earlier, as indicated in a rise in Bank Indonesia’s latest consumer confidence index.According to the survey results released on Tuesday, the consumer confidence index (IKK) rose to 128.1 points from 124.5 in March, indicating greater optimism among consumers about the domestic economy.An IKK reading above 100 reflects general hopefulness, while index values below 100 signify pessimism.“The strengthening of consumers’ perceptions of the current and future state of the economy pushed the IKK higher,” BI wrote in its survey report.According to the report, the current income subindex, which is based on consumers’ income levels, rose to 124.8 points in April from 121.4 in March, marking the second monthly rise in a row.The index for intended purchases of durable goods also increased in April, rising to 114 points from 110.1 in the preceding month.As a result, consumers … [Read more...] about Consumer confidence rises in April: BI survey
What consumes our passions and lives? STRENGTH FOR TODAY - Dr. Harold J. Sala (The Philippine Star) - May 5, 2019 - 12:00am “But seek first his kingdom and his righteousness, and all these things will be given to you as well.” – Matthew 6:33 In space there is no east or west, north or south. There isn’t even an up or down. Scientists came up with a solution by installing four gyroscopes, which work in concert to provide stability for the powerful Hubble telescope. Among many other things, gyroscopes are used to keep high-speed monorail trains straight and keep them from leaning as they go around curves. Keeping your focus enables you to keep your sanity in this mad world. It means you have a point of reference that gives you guidance in life. But have we gotten it all wrong and are misled by thinking that the most powerful or the most beautiful belongs at the top? When Jesus urged His followers to seek … [Read more...] about What consumes our passions and lives?
KUALA LUMPUR: With the fasting month of Ramadan just around the corner, consumers have been advised to plan their expenses well in advance so that their financial means are not jeopardised during the Hari Raya period. Malaysian Muslim Consumers Association (PPIM) chief activist Datuk Nadzim Johan said instead of depending fully on the Festive Season Price Control Scheme (SKHMP) to keep the prices of necessities in check, consumers themselves should try to change their spending behaviours. “’It’s true that the objective of the scheme is to control prices, however, we have to look into the consumers’ reactions or practices especially during the Raya season,” said Nadzim when contacted by Bernama here, today. Nadzim also said consumers should also change their shopping habit and avoid last-minute shopping as this contributes price hikes. “As consumers are aware of the festive dates in advance, they can plan to buy the important items earlier to avoid … [Read more...] about Consumers urged to plan ahead of Raya
Business U.S. consumer spending increased by the most in more than 9-1/2 years in March, but price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months. 29 Apr 2019 08:40PM Bookmark WASHINGTON,: U.S. consumer spending increased by the most in more than 9-1/2 years in March, but price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months.The Commerce Department said on Monday consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.9 percent as households stepped up purchases of motor vehicles and spent more on healthcare.Consumer spending edged up 0.1 percent in February. Data for January was revised up to show consumer spending rising 0.3 percent instead of the previously reported 0.1 percent gain.The release of the February spending data was delayed by a five-week partial shutdown of the federal government that ended on Jan. 25. Economists … [Read more...] about US consumer spending posts biggest gain since 2009