Paul Davidson USA TODAY Published 4:00 AM EDT May 7, 2019 The Trump administration’s 10% tariff on $200 billion in Chinese imports hasbeen a nuisance, with many US businesses absorbing the cost or working around it. But President Trump’s threat over the weekend to hike the duty to 25% would dramatically compound the damage as the lion’s share of the costs are passed to consumers, taking a toll on the economy as well as company profits. “A sudden tariff increase with less than a week’s notice would severely disrupt U.S. businesses, especially small companies that have limited resources to mitigate the impact,” says David French, senior vice president of government relations for the National Retail Federation. “American consumers will face higher prices and U.S. jobs will be lost.” The tariff would affect nearly 6,000 products and parts, including many consumer items such as furniture, clothing, electronics, handbags, luggage, … [Read more...] about Tariffs on China: Trump threatens hike to 25%, hurting consumers
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0 Have your say CREDIT Karma, the San Francisco-based consumer technology firm, today confirmed that it was opening a new office in Leeds after completing a major corporate deal. LEEDS-based TransUnion has completed the sale of Noddle to Credit Karma, it was announced today. TransUnion, which was formerly known as Callcredit, said the deal had gained approval from the Financial Conduct Authority (FCA).Noddle is a free-for-life credit reporting and monitoring service.“We are pleased to have completed the sale of Noddle to Credit Karma, further to regulatory approval, and we are confident that the business will continue to prosper under new ownership,” said John Danaher, TransUnion’s president of Consumer Interactive. “UK consumers will continue to benefit from the free information monitoring and financial health solutions offered through Noddle, and TransUnion will continue to provide Noddle with credit reporting information.”Credit … [Read more...] about San Francisco-based consumer technology firm to open new office in Leeds
PUBLISHED: 12:04 18 March 2019 | UPDATED: 12:14 18 March 2019 Ross Bentley The latest in mixed reality headsets ay CES 2019 Pictures: CES media library 2018 What are the latest consumer technology innovations heading our way? A product demo at CES 2019Widely regarded as the largest technology event in the world, the Consumer Electronics Show (CES), took place in Las Vegas in January. Mark Thomas, chief executive of Suffolk software development company Coderus attended to hear first-hand about the latest innovations. Artificial intelligence and home devicesOne keynote presentation that grabbed our attention came from David Vanderwaal, the senior vice president of marketing at international electronics company LG.LG’s artificial intelligence platform (AI), called ThinQ, provides functionality that not only allows individual devices to react to commands, but also incorporates data about a person’s habits and preferences (so-called lifestyle data) … [Read more...] about What are the latest consumer technology innovations?
This year's Consumer Electronics Show - CES 2019 - kicked off Tuesday in Las Vegas. CES is an annual event where developers showcase their new technological and electronic innovations. The event is so big, it will be spread out across three separate blocks and divided into Tech East, Tech West and Tech South. Tech East will be held in the Las Vegas Convention Center, Westgate Hotel, and Renaissance Hotel. Tech West will be encompassed within Sands Expo, as well as the Venetian, Palazzo, Wynn and Encore hotels. Finally, Tech South will go on within the Aria, Park MGM, and Vdara. The 2019 Consumer Electronics Show officially started Tuesday, but it's already been a busy week loaded with innovative technologies, new gadgets, and major announcements from the world's largest hardware makers. The Consumer Technology Association, CTA - the group that organizes CES - announced a $10 million commitment to women, diverse founders and diverse leadership teams. The money will help women, people … [Read more...] about CES 2019: Highlights from the first two days of the Consumer Electronics Show
MusicMagpie became a household name after it turned the business of reselling old games and CDs into an industrial-scale operation. A decade later, the Stockport-headquartered company is shifting focus as it turns its attention to consumer tech. With a decline in physical media such as DVDs and CDs, the popular reseller is looking at mobile phones, tablets and gadgets. The fast-growing mobile phone market alone pumped out 342m units during the second quarter of this year, and it is this churn of mobile phones that is proving to be big business for musicMagpie. Consumer tech now makes up more than 50% of the business - the most traded-in phone at musicMagpie is the iPhone 7 - and the company is the world’s largest third-party seller on eBay and Amazon – selling five items every second! “We are reinventing ourselves as a business,” Oliver says. “We have gone from buying physical media such as CDs, DVDs, and games, which we have built our branding and … [Read more...] about From CDs to iPhones, how consumer tech is boosting musicMagpie’s business