In this edition of Consumer Catch-Up, consumer confidence is up, claims open in DreamCloud settlement, and a new scam detector app launches.
CONSUMER CATCH-UP: Consumer confidence is up, claims open in DreamCloud settlement, and a new scam detector app launchesConsumer confidence jumped to its highest level in two years in July, according to business research group the Conference Board.
Analysts say that the increase in consumer confidence comes from a combination of slowing inflation and a strong job market. The Federal Reserve is expected to raise its interest rates again on Wednesday in an effort to push inflation down even further.The Federal Trade Commission is sending claims notices to consumers who purchased a DreamCloud mattress, after the company falsely claimed the mattresses were "Made in the USA.
DreamCloud mattresses were falsely advertised as "proudly made with 100% USA-made premium quality materials." The FTC says that all DreamCloud mattresses contain "significant imported materials, and many are wholly imported." The FTC sued the company in 2021; the company settled and agreed to provide refunds to affected customers.As scams become more sophisticated, it can be hard to tell if that text or email is legitimate.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Risk mood improves ahead of US consumer sentiment dataForex Today: Risk mood improves ahead of US consumer sentiment data – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
Read more »
Unilever sees Chinese consumer confidence at 'historical low point'British consumer goods giant Unilever said on Tuesday that China's declining property market and exports had sent its consumer sentiment to a historic low, having earlier this year forecast a Chinese 'consumption boom'.
Read more »
CFD: More than a dozen cars catch fire behind Englewood auto parts storeMore than a dozen cars went up in flames in a junkyard fire in the Englewood neighborhood Tuesday morning, the Chicago Fire Department said.
Read more »
Houston police catch three suspects in stolen car, one hides in gas stationHouston Police Department has arrested three auto theft suspects after one attempted to barricade himself at a northeast Houston gas station.
Read more »
13 Chilling True Crime Shows To Catch Up On This SummerThese riveting deep dives will have you on the edge of your seat.
Read more »