Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Sen. Ted Cruz came to the defense of toy-making giant Hasbro on Thursday after the company came under fire over a "Monopoly Socialism" game that takes as its slogan the phrase...Politicsread more
Consumers were feeling a bit more optimistic than expected in July, as a key economic indicator held gains from June, according to a survey released on Tuesday.
The Consumer Confidence Index hit 97.3 in July, The Conference Board said. Economists expected consumer confidence to fall to 95.8 in July, according to a Thomson Reuters consensus estimate.
June's consumer confidence reading was revised down to to 97.4 from 98.
The survey, a closely followed barometer of consumer attitudes, measures sentiment toward business conditions, short-term outlook, personal finances and jobs.
"Consumers were slightly more positive about current business and labor market conditions, suggesting the economy will continue to expand at a moderate pace," Lynn Franco, director of economic indicators at The Conference Board, said in a statement. "Expectations regarding business and labor market conditions, as well as personal income prospects, declined slightly as consumers remain cautiously optimistic about growth in the near-term."
Consumers were split on current economic conditions for July, but their outlook improved slightly overall. A larger share of consumers — 28.1 percent contrasted with last month's 26.8 percent — said that business conditions were good, though the share that said conditions were bad also increased slightly, moving to 19 percent from last month's 18.3 percent.
There was also split response on future income predictions from consumers. About 16.6 percent of consumers expect their incomes to increase, a smaller share than the 18.2 percent last month. But only 10.8 percent expect a decline in their income, down from 11.3 percent.
Attitudes toward the current labor market were relatively steady, and the outlook for future job growth was marginally more favorable, The Conference Board said.