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Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey
Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey Consumer confidence plunged in March, hitting its lowest level since 2022 as lingering inflation, a slowing job market, and economic uncertainty weigh on Americans. The preliminary consumer sentiment index dropped to 57.9 in March, down 10.5 percent from February, a survey from the University of Michigan said on Friday, Mar. 14. It marks the lowest reading since November 2022 and 27.1 percent lower than March 2024. The decline marks the third consecutive month of falling confidence, with all age groups, income levels, and political backgrounds reporting a more negative outlook. "…

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by Chris Spiker
Business
Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021
Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Consumer confidence took its biggest dive in more than three years, adding to growing concerns over inflation, job security, and the broader economy — as Americans grapple with high prices and uncertain financial conditions. The Conference Board's Consumer Confidence Index fell 7.0 points in February to 98.3, the nonprofit business research group said on Tuesday, Feb, 25. That marks the metric's steepest monthly decline since August 2021. The Expectations Index also dropped 9.3 points to 72.9. That number gauges consumers' outlook on jobs, income, and business conditions. Fo…

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by Chris Spiker
Business
'New Chapter': Popular Pizzeria That Closed Last Year Coming Back In New Town 'New Chapter': Popular Pizzeria That Closed Last Year Coming Back In New Town
'New Chapter': Popular Pizzeria That Closed Last Year Coming Back In New Town A beloved pizzeria that closed last year after 76 years in business announced it's reopening in a new town. Salerno's Apizza called Stratford home for decades, but in a Facebook post, owner Carlo Salerno said he is finalizing negotiations to open a new storefront in Shelton. He can't say exactly where it will be.  While we can’t reveal the exact location just yet as we are still negotiating on the exact location, we promise it’s coming soon! Once everything is confirmed, you’ll be the first to know! And… from the bottom of our hearts, thank you for your incredible p…

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by Josh Lanier
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…

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by Josh Lanier