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HashCash Plans Blockchain Database For Targeted Corporate Sales

“The firm announced Monday (Nov. 19) that it is launching an initiative to gather intelligence and data on customer buying habits to provide sales prediction tools for businesses” reports pymnts.com. The solution will track changes in buying patterns by analyzing past purchasing records and maintaining identity privacy, with customers voluntarily providing their data for compensation. Through this blockchain platform, [businesses] can access an individual’s personal data, which is provided by them voluntarily, to contact them for a professional purpose.” Earlier this year, HashCash announced a partnership with YES BANK to…

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Big brand executives are rushing into the cannabis industry, hoping to tap into a $194 billion industry

“According to the Bank of Montreal, the cannabis industry could become a $194 billion global market if more countries follow Canada’s path in legalizing the drug” writes Jeremy Berke for businessinsider.com. MedMen, a chain of retail cannabis dispensaries, hired Ben Cook, a former VP at Sam’s Club, as its new chief operating officer in October.Other executives came into the cannabis industry through different paths.In August, reports surfaced that Diageo was looking at pursuing a deal with a Canadian cannabis company — and Aphria was at top of the list.To Schmults,…

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Markets News 

U.S. retail sales rebound on autos, building materials

“August core retail sales were also revised down to show them falling 0.2 percent instead of being unchanged” writes Midwest Communications Inc for 95kqds.com. Data for September was revised lower to show core retail sales rising 0.3 percent instead of gaining 0.5 percent as previously reported.Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.3 percent last month.These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.WASHINGTON (Reuters) – U.S. retail sales rebounded sharply in October as purchases of motor vehicles…

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Consumer inflation posts biggest jump in nine months on higher cost of gas, rent, used cars, CPI shows

“The numbers: Americans paid more in October for gas, rent and used vehicles, triggering the biggest increase in consumer inflation in nine months” writes Jeffry Bartash for marketwatch.com. Yet by and large inflation remains stable, and with a recent pullback in oil prices, consumer inflation could ease for a bit.What happened: Higher gas prices accounted for more than one-third of the increase in consumer prices last month.The increase in the cost of living over the past 12 months rose as well — to 2.5% from 2.3%. Source: marketwatch.com Share This:

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Weaker retail sales loom over China’s economy despite some bright spots

“Slower retail sales were due to seasonal factors, Liu Aihua, a spokeswoman at the statistics bureau, told reporters” writes Midwest Communications Inc for 95kqds.com. The state planner gave the greenlight to 45 projects worth 437.4 billion yuan ($63 billion) last quarter.”We expect the effect of the personal income tax cut will start to be felt in November, when retail sales may gain some traction.”. E-commerce giant Alibaba Group Holding Ltd reported a record 213.5 billion yuan ($30.70 billion) in sales on Sunday from China’s Singles’ Day – an annual 24-hour…

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Maxine Waters to take aim at Wells Fargo and Deutsche Bank as new head of House Financial Services Committee

“At the hearing, Waters told then-Chief Executive John Stumpf that she believed the bank was too big to manage and called for it to be broken up” writes Jim Puzzanghera for latimes.com. Additional controversies have hit Wells Fargo since then, including consumer abuses involving its mortgage and auto-loan businesses that drew a record $1-billion fine from federal regulators in April. Earlier in the year, the Federal Reserve had ordered the bank to stop growing until it could prove to regulators that it has systems in place to prevent consumer abuses. Source:…

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BOOM: Average Consumer To Spend $520 On Black Friday…

“Next up are electronics, with 47 percent looking for good prices on laptops or computers and 37 percent eyeing TV deals” writes View Terra’s Article for studyfinds.org. Clothing is the number one item consumers aim to snag, with 53 percent hoping to purchase wearable items at a great deal.So with deals to be found seemingly everywhere, what tops shoppers’ lists this year?. LOS ANGELES — Love it or hate it, about half of all Americans are gearing up for Black Friday deals, and they’re planning on spending some serious cash,…

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Aurora Cannabis jumps after posting huge growth

“Here are the key numbers: “The commencement of adult consumer use sales in Canada has been very successful for Aurora, with strong performance across all product categories and brands,” CEO Terry Booth said in the press release” writes Ethel Jiang for businessinsider.com. “Our initial roll-out success demonstrates how our high-quality Aurora Standard products and well-positioned brands have resonated strongly with the consumer market and our preparedness for the logistical challenges in effectively bringing our products to market.Given the strong unmet consumer demand evident across Canada, we are confident that our…

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10 years after recession, Americans wake up to rising prices…

“Retailers and restaurants are also changing low-price policies to protect their margins because of rising trucking and labor costs” reports france24.com. “We are working with our suppliers in China to provide us with better pricing,” chief executive Edward Rosenfeld told investors.After years of low, low prices, fed by near-zero interest rates in a convalescing economy, Americans are waking up to costlier consumer living.Benno Dorer, chief executive at Clorox, told investors recently that “doing nothing at this point is not an option.”. Faced with a $2 billion jump in fuel prices…

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Consumer sentiment tops expectations in November, stays on pace for best year since 2000

“The University of Michigan’s consumer sentiment index hit 98.3” writes Fred Imbert for cnbc.com. A preliminary reading on consumer sentiment for November released on Friday came in slightly above expectations.”The stability of consumer sentiment at high levels acts to mask some important underlying shifts.The latest look at consumer sentiment comes shortly after the U.S. midterm elections. Source: cnbc.com Share This:

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