Latest Consumer confidence News

Residents some wearing masks to curb the spread of the coronavirus buy lunch at a restaurant that has started selling their food on the street to avoid the indoors in Beijing Wednesday, July 1, 2020. Three months after China declared victory over the coronavirus and started to reopen its economy, restaurants are among thousands of small businesses that are struggling to lure back skittish consumers nervous about the virus and possible job losses. (AP Photo/Ng Han Guan)

China reopens but businesses struggle to lure back consumers

Jun. 30, 2020 11:57 PM EDT

BEIJING (AP) — The Daronghe restaurant in Chengdu in China’s west has reopened but, with business down by half, its staff of 150 come to work on alternate days. Three months after China declared victory over the coronavirus and started to reopen its economy, the restaurant is among thousands of...

FILE - In this Monday, June 29, 2020 file photo, shoppers move about in Garden State Plaza in Paramus, N.J. U.S. consumer confidence rose in June, reflecting the partial re-opening of the country but the concern is that rising coronavirus cases in many states could jeopardize future gains. The Conference Board, a New York-based research organization, said that its Consumer Confidence Index rose to 98.1 in June after virtually no change at 85.9 in May.  (AP Photo/Seth Wenig, File)

US consumer confidence rises to 98.1 in June

Jun. 30, 2020 10:38 AM EDT

WASHINGTON (AP) — U.S. consumer confidence rose in June, reflecting the partial re-opening of the country but the concern is that rising coronavirus cases in many states could jeopardize future gains. The Conference Board, a New York-based research organization, said that its Consumer Confidence Index rose...

This Week: Consumer confidence, Macy’s earns, June hiring

Jun. 29, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: REGAINING CONFIDENCE? The Conference Board issues its June snapshot of U.S. consumer confidence Tuesday. The index, which reflects consumers’ assessments of present conditions and their expectations about the future,...

Gary Henderson installs an awning near the Giant Sky Wheel while preparing Canobie Lake Park for guests, Thursday, June 18, 2020 in Salem, New Hampshire. The amusement park plans to reopen on July 16th with capacity limitations and safety precautions for guests and workers as a some of the state restrictions due to the COVID-19 virus outbreak are lifted. (AP Photo/Charles Krupa)

Wall Street eyes alternative data to track economy reopening

Jun. 18, 2020 3:18 PM EDT

LOS ANGELES (AP) — The reopening of businesses shut due to the coronavirus pandemic is fueling optimism on Wall Street that the U.S. economy is on the path to recovering from a steep recession. How quickly that recovery happens hinges on the outbreak subsiding and on Americans feeling confident and safe...

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)

Asia stocks mixed on uncertainty over Hong Kong security law

May. 26, 2020 11:48 PM EDT

Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a...

FILE - In this April 21, 2020, file photo, a man rides his bike on Waikiki Beach in Honolulu. The coronavirus pandemic has been particularly brutal to the tourism-dependent economies of Nevada and Hawaii, lifting the unemployment rate in both states to about one-quarter of the workforce. (AP Photo/Caleb Jones, File)

Consumer confidence up slightly but remains near 6-year low

May. 26, 2020 3:07 PM EDT

WASHINGTON (AP) — U.S. consumer confidence inched up this month, showing signs of stabilizing, but remained near a six-year low in the face of the widespread business shutdowns that have sent the economy into recession. The Conference Board said Tuesday that its confidence index ticked up to a reading of...

In this March 18, 2020 photo, Construction continues at a housing plan in Zelienople, Pa.,  The housing market has stalled, but homebuilder stocks are up sharply amid signs that sales are starting to improve. Still, the outlook for a housing market recovery remains cloudy, given uncertainty over the pandemic's impact. (AP Photo/Keith Srakocic)

Homebuilders climb even as housing outlook remains cloudy

May. 21, 2020 4:33 PM EDT

LOS ANGELES (AP) — The U.S. economy and housing market had set homebuilders up for a strong 2020. That was before the efforts to stem the spread of the coronavirus pandemic knocked the economy into a skid, dimmed consumer confidence and left a record number of Americans unemployed. The housing market...