San Francisco—Canada’s auto safety regulator said on Thursday it has opened an investigation into the heating system of Tesla Model 3 and Model Y vehicles following 16 consumer complaints about its performance during cold weather. Transport Canada said it is concerned that a malfunctioning heating and air-conditioning system “may affect windshield defogging/defrosting and therefore driver…
Canada Opens Probe Into Tesla’s Heating System Following Consumer Complaints
German Consumer Morale Darkens as Omicron Raises Spectre of Recession
BERLIN—German consumer morale will deteriorate further at the start of next year, a survey showed on Tuesday, as the COVID-19 pandemic and the rise of the Omicron variant push Europe’s largest economy to the brink of a recession during the winter. The Nuremberg-based GfK market research institute said its consumer sentiment index, based on a…
Facebook Could Be Sued by Consumer Groups, EU Court Adviser Says
December 2, 2021
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BRUSSELS—Facebook could be sued by consumer groups for privacy violations, an adviser to Europe’s top court said on Thursday, in a German online gaming case that could pave the way for similar action across the EU. The case started in 2012 and is one of several privacy and antitrust headaches facing Facebook in Europe, where…
Consumer Spending Rebounds Despite Rising October Inflation
WASHINGTON—U.S. consumer spending rebounded by a solid 1.3 percent in October despite inflation over the past year has accelerated faster than it has at any point in more than three decades. The jump in consumer spending last month was double the 0.6 percent gain in September, the Commerce Department reported Wednesday. At the same time,…
European Consumer Prices Hit Highest Level in Over 13 Years
LONDON—Consumer prices across the 19 European Union countries that use the euro currency have spiked to the highest level in over 13 years on the back of soaring energy prices and pent-up demand during the pandemic recovery, official figures showed Friday. Eurostat, the European Union’s statistics agency, said inflation across the bloc rose to 4.1…
US Consumers’ Inflation Expectations Remain Elevated, NY Fed Survey Finds
October 16, 2021
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U.S. consumers increased their short-term and medium-term inflation expectations again in September, but they lowered their views on how much home prices, fuel costs, and other expenses will rise over the next year, according to a survey released on Tuesday by the New York Federal Reserve. Median expectations for what inflation will be over the…
Irish Consumer Sentiment Steady Near Pandemic High in September
DUBLIN—Irish consumer sentiment remained steady in September just below the two-year high recorded in June, a survey showed on Thursday, as the government prepared to lift almost all pandemic restrictions within weeks. The government has named Oct. 22 as its target date to drop most restrictions, with more than 90 percent of the adult population…
US Consumer Confidence Hits Seven-Month Low; Goods Trade Deficit Widens
WASHINGTON—U.S. consumer confidence fell to a seven-month low in September as a relentless rise in COVID-19 cases deepened concerns about the economy’s near-term prospects, fitting in with expectations for a slowdown in growth in the third quarter. The survey from the Conference Board on Tuesday showed consumers less interested in buying a home and big-ticket…
German Consumer Morale Brightens Heading Into October: GfK
BERLIN—The mood among German consumers brightened unexpectedly heading into October to reach its highest level in a year and a half, a survey showed on Tuesday, in a sign that households continue to support the recovery in Europe’s largest economy. The GfK institute said its consumer sentiment index, based on a survey of around 2,000…
French Consumer Confidence Stronger Than Expected in September
PARIS—French consumer confidence improved more than expected in September as households’ concerns about unemployment eased, a monthly survey showed on Tuesday. The INSEE official statistics agency said its consumer confidence index rose to 102 from 99 in August, hitting its highest level since June. The improvement brought confidence back to pre-pandemic levels and beat the…
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