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12year

Companies are slashing their earnings forecasts as consumer confidence about the future reaches 12-year low

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As confidence in the economic outlook fades, consumers are slowing their spending, and businesses are lowering their earnings forecasts. Personal income jumped 0.8% last month, while spending increased 0.4%, contributing to a boost in the savings rate to 4.6%. That’s the highest since June 2024 and signals shoppers are turning more cautious. “The February spending … Read more

Consumer confidence in where the economy is headed hits 12-year low

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Shoppers walk near a Nordstrom store at the Westfield UTC shopping center on Jan. 31, 2025 in San Diego, California. Kevin Carter | Getty Images Consumer confidence dimmed further in March as the view of future conditions fell to the lowest level in more than a decade, the Conference Board reported Tuesday. The board’s monthly … Read more

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