The overall consumer confidence index fell by 9.7 points in January from December’s reading, hitting its lowest point since May 2014, as views of both the country’s present and future economic state soured.
Consumers’ short-term outlook for income, business, and labor market conditions, for example, dropped by 9.5 points to reach 65.1, falling “well below the threshold of 80 that usually signals a recession ahead,” the Conference Board said. When it came to jobs, just shy of 24% of consumers believed they were “plentiful,” compared to 27.5% in December.
Anonymous wrote:Anonymous wrote:Amazon cutting 16,000 jobs.
UPS cutting an additional 30,000 jobs.
Verizon cutting 15,000.
Microsoft cutting 16,000
Intel cutting 27,000
Meta cutting 1,500
Nike 775 cut jobs
Pintrest to cut 15% of its workforce.
Ouch, ouch, ouch.
More job cuts to be announced as this is earning season.
I heard an economist say, “Now is when we will start seeing the negative effects of the tariffs.”
Anonymous wrote:Amazon cutting 16,000 jobs.
UPS cutting an additional 30,000 jobs.
Verizon cutting 15,000.
Microsoft cutting 16,000
Intel cutting 27,000
Meta cutting 1,500
Nike 775 cut jobs
Pintrest to cut 15% of its workforce.
Ouch, ouch, ouch.
More job cuts to be announced as this is earning season.
Anonymous wrote:Anonymous wrote:Anonymous wrote:It was part of the goal all along. Really, no one should be surprised by this.
Can you elaborate?
https://www.investing.com/news/stock-market-news/trump-says-weaker-dollar-benefits-us-manufacturing-and-exports-93CH-4153775#google_vignette