Consumer Confidence Hits Record Low as Americans Become Deeply Pessimistic about Economy
Americans have never been this pessimistic about the economy, with consumer confidence now hitting record lows, according to new data.
Economy
45 Housing Markets Have ‘Probability of Price Decline,’ Research Firm Warns
Several housing markets across the United States have the “probability of a price decline” over the next year, a research firm is warning.
Who Is to Blame for Travel Chaos as Thousands of Flights Are Canceled?
Americans are suffering from travel chaos this summer as thousands of flights are being canceled across the country.
FedEx to Start Taking Photos of Packages on Doorsteps for Proof of Delivery
Courier company FedEx will begin taking photographs of packages on doorsteps across North America to provide proof of delivery.
Deutsche Bank Officials Warn Growing Inflation, Rising Interest Rates Make Recession More Likely
Deutsche Bank’s top U.S. economists are warning that growing inflation and rising interest rates are making a recession increasingly more likely.
Get Woke, Go Broke: Kellogg’s Breaking Up after Years of Falling Sales
Kellogg’s, the maker of Frosted Flakes and Rice Krispies, will split into three companies focused on cereals, snacks, and plant-based foods.
Elon Musk: ‘Significant’ Issues Holding Back Twitter Deal
Tech entrepreneur Elon Musk says there are several “significant” unresolved matters that are holding back his bid to buy Twitter.
Germany’s Producer Price Soars to Record High as Inflation Raises Production Costs
Germany’s producer prices hit a record high in May as soaring energy costs and inflation continue to push production costs through the roof.
Ex-Obama Economic Advisor Larry Summers Warns ‘Recession Is Ahead’
Larry Summers, the former economic advisor and Treasury Secretary in Barack Obama’s administration, has warned that Democrat President Joe Biden is leading America toward “a recession.”
Elon Musk Calls Out TikTok over Risk to ‘Civilization’
Elon Musk is questioning whether the Chinese Communist Party-linked short video app TikTok is leading to the collapse of civilization.