U.S. consumer sentiment plunges to lowest since pandemic amid rising anxieties over tariffs
CBSN
Consumer sentiment fell sharply in April, marking the fourth consecutive month of declines, as an intensifying trade war fueled anxiety over American jobs and rising inflation.
The University of Michigan's closely watched consumer sentiment index, released Friday, fell 11% to 50.8, the lowest since the depths of the pandemic.
"The further fall in the University of Michigan Consumer Sentiment Index in April along with the rise in both one- and five-year inflation expectations, suggests that the tariff-related fears which had soured sentiment over the past couple of months are here to stay," said Harry Chambers, assistant economist, Capital Economics, in a research note.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Three airmen who died during a World War II bombing raid have been accounted for, the Defense POW/MIA Accounting Agency announced Thursday.
U.S. stock futures shed their early morning gains, falling into the red before the opening bell on Wall Street.
Former U.S. Rep. George Santos faces sentencing Friday on Long Island. He pleaded guilty last August to federal wire fraud and identity theft charges, admitting he exaggerated or fabricated large parts of his backstory.
When the charred remains of prominent commercial real estate attorney Gary Farris were discovered on a burn pile with a bullet lodged in a rib bone, detectives knew they were facing a homicide investigation. The crime scene was on a sprawling 10-acre property in Cherokee County, Georgia, where Gary Farris lived with his wife Melody and their son Scott.
A private equity executive turned his New York City apartment into a torture chamber of "grotesque sexual violence," Manhattan prosecutors said Thursday. Ryan Hemphill is accused of raping six women over five months in a depraved rampage in which he allegedly punched, waterboarded and shocked victims with a cattle prod and kept recordings of the assaults as trophies.
The Trump administration said it will accelerate permit approvals for mining, drilling and fossil fuel production and transportation on public land, fast-tracking a review process that would normally take years.
Avelo Airlines is targeting a new passenger segment: migrants being sent to detention centers across the U.S. The budget carrier will also use its planes to fly migrants out of the country under the Trump administration's hardline immigration policies.
Former President Joe Biden, who maintained a close working and personal relationship with Pope Francis dating back to the late pontiff's visit to the United States in 2015, is expected to attend the papal funeral on Saturday in Vatican City, according to multiple people with knowledge of his plans.
More than 2,000 Confederate symbols are still standing in public spaces across the U.S., according to a report released Thursday by the Southern Poverty Law Center.
President Trump has pardoned a Las Vegas politician convicted last year of using money meant for a statue honoring a slain police officer on personal costs, including plastic surgery.
Democratic Party leaders are trying to figure out their next steps as Democratic National Committee Vice Chair David Hogg's efforts to primary Democratic incumbents alarms party officials.
Just as Americans saw the internet as a harbinger of major change a quarter century ago, a majority today feel artificial intelligence will have a big effect on society. But more so than the internet at the time, AI is seen by many as creating more problems than it solves, with misleading AI content and AI companies' impact on the economy both areas of concern.
Americans are having fewer babies, with the annual birth rate now standing near a record low. It's a trend that has implications for the nation's long-term outlook — and has drawn attention from the Trump administration, with the New York Times reporting that a proposal for a $5,000 "baby bonus" may be one option for juicing the birth rate.