Consumer

Consumer Confidence Drops Month Over Month, Home Sales Slide As US Economy Falters (VIDEO)

Consumer Confidence dropped again in July below estimates from 98.4 in June to 95.7 in July. The economy sees weakening demand in new home sales. The confidence of consumers continued its downward slide in July, indicating fears of a slowing economy entering the second half of the year, the Conference Board reported on Tuesday. After…

In Latest "Excess Borrowing" Crackdown, China Will Force Fintech Giants To Disclose Consumer Credit Data

One theory that has emerged from Beijing’s crackdown on Jack Ma and his business and fintech empire, is that China’s true intention in bringing China’s richest man to heel was not so much the public humiliation in what has been widely seen as a giant clash of egos between Xi Jinping and Jack Ma, as…

Tesla Models “Not Recommended” by Consumer Reports Due to Basic Reliability Issues

By B.N. Frank Electric Vehicles (EVs) have not been without problems. Recently, GM recalled thousands of theirs due to battery fires. There have also been numerous reports about Teslas crashing and/or catching fire. Tesla owners have reported additional life-threatening situations as well (see 1, 2). Consumer Reports is now NOT recommending 2 of the company’s…

In Striking Rebuke, Consumer Reports Finds Tesla Has Second-Worst Reliability Of All Automakers

Tesla shares pared their “S&P 500 inclusion” gains on Thursday after it was revealed that Consumer Reports decided to not “recommend” the company’s Model S and panned the company’s Model Y “due to a decline in their reliability”. Model S ratings dropped due to issues with its suspension – the very same issue Tesla claims…