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There’s still a ‘disconnect’ between consumer spending and sentiment forecasts: Expert

J.P. Morgan’s Chair of Global Research Joyce Chang joins Yahoo Finance Live to discuss the market outlook amid Fed rate hikes, economic data, gas prices, laborforce pressures, China's growth slowdown, and semiconductor trends. Read More...

Reuters

Ryanair to appeal against Hungary’s ‘baseless’ consumer protection fine

Budget airline Ryanair said it would appeal to the courts after Hungary fined it for passing on the cost of a special business tax, worth 800 billion forints ($2.1 billion) in total, following a consumer protection investigation. Nationalist Prime Minister Viktor Orban’s government in May announced the special tax measure targeting “extra profits” earned by major banks, energy companies and other firms, aiming to plug budget holes created by a spending spree that helped him gain re-election in April. “The consumer protection authority has found a breach of the law today, because the airline (Ryanair) has misled customers with its unfair business practice,” Justice Minister Judit Varga said in a Facebook post on Monday.

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