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Consumer confidence for May was much stronger than expected on optimism for trade deals

Consumer optimism got a much-needed boost in May on hopes for trade peace between the U.S. and China, according to a survey Tuesday.The Conference Board's Consumer Confidence Index leaped to…

Pallob19 May 27, 2025

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Karen Read trial: Defense grills prosecutor’s crucial expert on ‘errors’ in resume

Following a lunch break, defense attorney Robert Alessi began cross-examining Aperture digital forensics expert Shanon Burgess.Alessi grilled Burgess on the possibility of scientific bias as it relates to Burgess’ investigation…

Pallob19 May 19, 2025

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Consumer sentiment tumbles in April as inflation fears spike, University of Michigan survey shows

Consumer sentiment grew even worse than expected in April as the expected inflation level hit its highest since 1981, a closely watched University of Michigan survey showed Friday.The survey's mid-month…

Pallob19 April 11, 2025

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PCE inflation February 2025

The Federal Reserve's key inflation measure rose more than expected in February while consumer spending also posted a smaller-than-projected increase, the Commerce Department reported Friday.The core personal consumption expenditures price…

Pallob19 March 28, 2025