Consumer confidence fell into a slump in February, driven largely by a less optimistic view of business conditions.
According to the Conference Board, the index currently stands at 92.2, down from 97.8 in January.
Online deal provider Groupon has joined an elite group – companies that have sold one billion products.
In Groupon’s case, the product is also known as a “Groupon,” or a limited-time, localized online promotion. It took Groupon, which launched in October 2008, roughly seven-and-a-half years to reach the billion-Groupon mark.
An emerging consumer demographic is showing strong support for an emerging trend in transactions.
A new GfK study of 1,000 U.S. consumers shows that Generation Z (ages 18 to 24) is twice as likely to make a mobile payment as the total population. Smartphones, tablets, and other mobile devices account for just 3% of all transactions in the U.S. – but 7% among Gen Z.