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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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Two Employees Busted In Prostitution Raid At Nesconset Massage Parlor, Police Say
Two employees were caught engaging in prostitution at a Long Island massage parlor, police said.
Suffolk County Police, together with the Town of Smithtown Fire Marshall and Building Department, conducted an investigation at Tao’s Foot Spa on Smithtown Boulevard Wednesday, March 12, after receiving numerous community complaints.
Following the raid, two female employees were arrested:
Qiaolan Liu, 45, of South Setauket–charged with unauthorized practice of a profession (felony) and prostitution (misdemeanor).
Liying Han, 36, of Queens–charged with unauthorized practice of a profession
Addi…
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal'
Tesla is losing its charge with many Americans as billionaire CEO Elon Musk faces plummeting sales, a freefalling stock, growing protests, and car owners distancing themselves from the controversial brand.
The electric automaker's stock has more than lost all of its post-Election Day gains. Tesla shares stood at $288.53 on Wednesday, Nov. 6, 2024, and hit an all-time high of around $480 in mid-December before beginning a sharp decline.
By early March, shares fell below what they posted the day after Election Day. Tesla opened for trading at $225.11 on Tuesday, Mar. 11, marking abo…