
Americans’ optimism about the economy faded as Iran tensions escalated
CNN
Consumer confidence dropped last month to a reading of 93, a 5.4 point decline from May, according to data the Conference Board released on Tuesday.
Consumer confidence dropped last month to a reading of 93, a 5.4 point decline from May, according to data the Conference Board released on Tuesday. Consumers had been feeling better after an agreement was secured between the United States and China to lower massive tariffs on each other — but mounting uncertainty over President Donald Trump’s economic policy and tensions in the Middle East is leaving consumers feeling less gung-ho about what the US economy has in store. This story is developing and will be updated.

Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.












