Recession fears are starting to fade for Americans
CNN
US consumer confidence grew for the third month in a row to its highest level since July, according to a Conference Board report released Wednesday.
US consumer confidence in December grew for the third month in a row to its highest level since July, while recession fears abated, according to a Conference Board report released Wednesday. The business group’s Consumer Confidence Index jumped to 110.7 from a downwardly revised 101 in November. Additionally, the “perceived likelihood of a US recession” during the next 12 months fell to its lowest level seen all year, according to the report. December’s preliminary reading far exceeded economists’ expectations of 104.5, according to FactSet consensus estimates. “December’s increase in consumer confidence reflected more positive ratings of current business conditions and job availability, as well as less pessimistic views of business, labor market, and personal income prospects over the next six months,” Dana Peterson, chief economist at The Conference Board, said in a statement. The December headline index was given a boost from an improvement in consumers’ outlooks for six months from now — particularly for their job prospects, business conditions and their incomes.
CNN is tracking price trends for various household staples each month as new factors threaten to increase costs.
Inflation slowed in February for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans.
With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out.
American consumers – and their wallets – are the engine of the economy. But they’re now showing the strain of inflation, President Donald Trump’s tariffs and a stock market plunge.
Elon Musk has secured a major win in India by signing two back-to-back deals to bring SpaceX’s Starlink satellite internet services to the country.
President Donald Trump imposed a sweeping 25% tariff on all steel and aluminum imported into the United States early Wednesday, a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans.
Meta is once again facing allegations from a former employee that a growth-at-all-costs culture has caused offline harm.
It was almost an extraordinary scene in front of the White House. As Tesla shares have been tanking since the year began, President Donald Trump held remarks outside of the White House with the company’s CEO and Department of Government Efficiency Head Elon Musk – all in front of a line of shiny Tesla vehicles.
A Florida circuit judge on Monday denied the Pulitzer Board’s request to pause a defamation lawsuit from Donald Trump until the president is out of office.
US markets dropped again Tuesday after President Donald Trump doubled down on his threat to levy a new round of hefty tariffs on Canada.
President Donald Trump on Tuesday threatened a sharp escalation in the budding trade war with Canada in retaliation for Ontario’s export surcharge on US electricity.
Months after ditching its open seating policy, Southwest Airlines is ending its most recognizable perks: Free checked baggage.
Elon Musk spent the weekend with President Donald Trump at Mar-a-Lago, getting a round-trip ride on Air Force One. While Musk has spent an increasing amount of time with Trump, three of his companies are having a rough go.