US consumer confidence sinks to lowest since 2014
US consumer confidence plunged sharply in September to a level not seen since 2014, according to a key benchmark published on Tuesday, with US households battered by a high cost of living and economic uncertainty from the Iran war. The Conference Board's consumer confidence index fell by 6.7 points to 81.9 this month, its lowest level since April 2014. The high cost of living in the United States is a major issue as the country heads into key midterm elections in November, where Democrats are seeking to wrest control of Congress from US President Donald Trump's Republican Party. "Consumers' write-in responses regarding factors affecting the economy were mostly pessimistic in September," said Dana Peterson, chief economist at the Conference Board. "References to prices, the high cost of goods and services, and oil and gas prices in particular, rose to new heights, reflecting September's surge in fuel costs." Global oil prices have sky-rocketed since Trump and US ally Israel launched the war against Iran in late February, with Tehran's retaliatory action targeting Washington's allies in the Gulf and virtually shutting a key energy trading route. In the United States, the average price of a gallon of regular petrol is up almost 50 percent since the start of...
Read full articleMore News
At Nearly $300,000, Some Recent Duke Graduates Out-Earned All Their Peers
Federal data show Duke math majors earning a bigger median income four years after graduation than any other majors from any school. It’s a small cohort.
AI chip boom pushes Samsung profits to record $80bn
The tech giant is also expected to get a boost from its latest folding devices that were launched in August.
Asahi and Kirin among Japan beer giants raided over alleged price-fixing cartel
Japan's Fair Trade Commission conducted searches of the country's largest beer-makers.
Europe’s Trade Tensions With China Are Coming to a Head
The European Union is weighing tougher trade measures as negotiators prepare to meet Chinese officials in Beijing, with surging exports from China pressuring key industries in Europe.
Fuel prices added to Google Maps as petrol and diesel costs soar
A search for forecourts will now display their pricing, using the government's Fuel Finder scheme.
How oil-rich Alberta's economy might fare if it broke away from Canada
Albertans vote this month on staying in Canada or moving ahead to a binding independence referendum.
The wildlife winners set to appear on your banknotes revealed
The decision comes after nearly half a million people voted on a shortlist of 18 creatures.
'Stop throwing shade' - the woman trying to stop firms leaving the UK
British people need more incentives to invest in big firms listed in the UK, Dame Julia Hoggett, boss of the London Stock Exchange, says.
Chancay-Shanghai maritime route is supercharging China-Peru trade
Chancay-Shanghai maritime route is supercharging China-Peru trade
What to know about the Paramount-Warner Brothers merger
What to know about the Paramount-Warner Brothers merger
Trump Administration Investigates Wells Fargo for Race-Based Lending
The federal housing agency says the bank’s efforts to encourage Black homeownership amount to discrimination.
Can Bergdorf Goodman Return to Its Golden Age?
Bergdorf Goodman, which has survived two bankruptcies in six years, is getting back to its white-glove origins.