US Consumer Confidence Shaken Amid High Prices and Lingering Recession Fears
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
US Consumer Confidence Shaken Amid High Prices and Lingering Recession Fears
US Consumer Confidence , Shaken Amid High Prices , and Lingering Recession Fears.
'The Independent' reports that consumer
confidence in the United States continues to
hold steady despite high prices and declining
optimism regarding the short-term future.
'The Independent' reports that consumer
confidence in the United States continues to
hold steady despite high prices and declining
optimism regarding the short-term future.
On March 26, the Conference Board research group
released its consumer confidence index, which
measures Americans' outlook for the next six months.
The index tracking consumer
confidence fell to 104.7 in March
from a revised 104.8 in February.
The index measuring short-term expectations
for income, business and the overall job
market fell to 73.8 from 76.3 last month.
'The Independent' reports that
any number below 80 could signal
the potential for a recession.
At the same time, consumers'
view of current conditions improved
to 151 from 147.6 last month.
The month before, consumers'
optimism regarding current
conditions had been at 154.9.
Economists pay close attention to consumer
spending as it accounts for approximately
70% of the United States' economic activity.
Last month, the Conference Board's
index saw larger declines, falling from
106.7 from a revised 110.9 in January.
At the time, economists had forecast
that the index was going to stay
steady from January to February.
The index tracking short-term
expectations fell from 81.5
in January to 79.8.
ISS Crew Forced to , Take Shelter , After Russian Satellite Breaks Apart.
'The Independent' reports that astronauts aboard the
International Space Station (ISS) took shelter due to
the danger of debris from a broken up Russian satellite.
Crews aboard the ISS were ordered to board
their respective spacecraft in case debris
struck and damaged the orbital laboratory.
According to experts, the ever-increasing number of
satellites in orbit around Earth has magnified the risk of
collision and other potential problems for space crews.
It remains unclear what caused
the RESURS-P1 Russian Earth
Observation satellite to break apart. .
According to NASA's Space Station office, the event
occurred near the space station, prompting astronauts
to take shelter in their spacecraft for about an hour. .
Mission Control continued to monitor the path of the debris, and after about an hour, the crew was cleared to exit their spacecraft and the station resumed normal operations, NASA statement, via X.
Space-tracking firm LeoLabs said that U.S. radar
detected the decommissioned satellite releasing a
cloud of debris in low-Earth orbit late on June 26. .
Shortly after 9 p.m. EDT, NASA
instructed crews aboard the space
station to shelter in their respective
spacecraft as a standard precautionary
measure after it was informed
of a satellite break-up at an
altitude near the station, NASA statement, via X.
According to U.S. Space Command, the Russian satellite created , "over 100 pieces of trackable debris.".
USSPACECOM has observed no
immediate threats and is continuing
to conduct routine conjunction
assessments to support the safety
and sustainability of the space domain, U.S. Space Command statement, via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
Taylor Swift Addresses Dave Grohl’s Claim , That She Doesn’t Play Live.
Taylor Swift Addresses Dave Grohl’s Claim , That She Doesn’t Play Live.
On June 22, Grohl referred to the
Foo Fighters' show in London as the
"Errors Tour," according to 'The Independent.'.
His comment stemmed from having a
"few more eras and more than a few f------ errors.”.
The 55-year-old frontman went
on to say, “we actually play live.”.
Swifties took to social media
to slam Grohl's comments.
Oh Tayvoodoo is coming for him and he
deserves it. Can’t handle that a woman
is more talented and successful, Taylor Swift fan, via X.
Wow Grohl so washed he has to
use Taylor’s name for free pr?
Embarrassing thought he was
better than that what a shame, Taylor Swift fan, via X.
On June 23, Swift seemed to address Grohl's comments on stage while performing at Wembley. .
She said that her band
deserves "so much" praise.
What you just did is an unforgettable moment
in not just my life, but every very single one of
our crew. The band that’s going to be playing
live for you for three and a half hours tonight, Taylor Swift, via 'The Independent'.
They deserve this so much and so does every
one of my fellow performers, and you just gave
that to us so generously. We’ll never forget it, Taylor Swift, via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
Julian Assange , Reaches Plea Deal With , US Government.
'The Independent' reports that Wikileaks
founder Julian Assange has been released
from Belmarsh prison as part of a plea deal
with the United States Justice Department.
Assange will be flown out of the U.K. as part
of the deal before he makes a guilty plea deal
that could end the years-long legal battle.
On June 24, Assange boarded a flight at Stansted airport
ahead of a scheduled appearance later this week in the
Mariana Islands, a Western Pacific U.S. commonwealth.
The U.S. government has charged the
Wikileaks founder with conspiracy to obtain
and disclose national defense secrets.
The charges stem from one of the largest leaks of
classified information in U.S. history, disclosing tens of
thousands of reports regarding the war in Afghanistan.
The disclosure, which occurred between 2009 and
2011, included unfiltered diplomatic cables that
potentially endangered the safety of confidential sources. .
The leak also included significant
activity reports related to the war in Iraq
and information regarding Guantanamo Bay.
According to the latest DOJ filing, Assange is expected
to plead guilty and be sentenced to 62 months of time
already served, thus avoiding U.S. imprisonment. .
This is the result of a global campaign
that spanned grass-roots organizers,
press freedom campaigners,
legislators and leaders from
across the political spectrum,
all the way to the United Nations, Wikileaks statement, via X.
After more than five years in
a 2x3 metre cell, isolated 23 hours
a day, he will soon reunite with his
wife Stella Assange, and their children,
who have only known their
father from behind bars, Wikileaks statement, via X
Credit: Wibbitz Top Stories Duration: 01:31Published
Important Things to Know , About Dangerous Ocean, Rip Currents.
'The Independent' reports that rip currents pose
the greatest danger to beachgoers,
accounting for the most beach rescues every year. .
Over a recent two-day period in Florida,
six people drowned in rip currents.
Every year, about 100 people drown
because of rip currents in the United States
according to the U.S. Lifesaving Association.
Over 80% of beach rescues
involve rip currents every year.
So far in 2024, the National
Weather Service has listed 16 deaths
from rip currents in U.S. waters. .
A rip current is a narrow column of water that
flows rapidly away from the beach, which are capable
of pulling swimmers a fair distance from the shore.
Rip currents normally form
at low spots along the beach
or along jetties and piers.
While sometimes associated
with stormy weather, they can
also occur on sunny, clear days.
Rip currents are also difficult to
detect as the surface water near
them often appears to be calm. .
'The Independent' reports that the best advice to escape a
rip current is to try and swim parallel to the shore and not
to tire yourself out before having to swim back to land. .
'The Independent' reports that the best advice to escape a
rip current is to try and swim parallel to the shore and not
to tire yourself out before having to swim back to land.
Credit: Wibbitz Top Stories Duration: 01:31Published
FAA Investigating Southwest-Operated, Boeing 737 , That Flew Dangerously Low.
'The Independent' reports that a Southwest Airlines
passenger jet flew extremely low over a suburb of
Oklahoma City, triggering an altitude alert on June 19.
According to Flightradar24, the Boeing 737-800
descended to just 525 feet above the ground
on its way to Will Rogers World Airport.
Approximately nine miles from the airport,
the plane was passing over Yukon when it triggered
an automated warning around 12:05 a.m. local time. .
Altitude alerts are triggered when an aircraft
descends to within an unsafe distance
to terrain, obstructions or other aircraft. .
'The Independent' reports that the pilots quickly
regained altitude and circled around for a safe
landing on another runway shortly after midnight.
The incident, which sparked concern
in communities it passed over,
is now being investigated. .
On June 20, Southwest Airlines
confirmed that it was in contact
with the FAA regarding the situation.
Southwest is following
its robust Safety
Management System
and is in contact with the
Federal Aviation Administration.., Southwest spokesperson, via 'The Independent'.
... to understand and address any
irregularities with the aircraft’s
approach to the airport. , Southwest spokesperson, via 'The Independent'.
Nothing is more important
to Southwest than the safety
of our customers and employees, Southwest spokesperson, via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
Speaking in the Oval Office, Biden said passions were running high on both sides and the stakes of the election were enormous but that violence was not the answer, adding "We can do this".
Credit: euronews (in English) Duration: 02:23Published
In a critical prime-time address, President Joe Biden urges Americans to reject political violence and resolve their differences peacefully following the attempted assassination of former President Donald Trump. Highlighting the importance of civility in political discourse, Biden calls for unity and condemns the normalization of violence. Watch his powerful message and join the discussion on how we can heal as a nation.
#BidenSpeech #RejectViolence #Unity #TrumpAssassinationAttempt #PoliticalDiscourse #AmericanDemocracy #DonaldTrumpAssassination
President Joe Biden's asking Americans not to jump to conclusions about the man who shot Donald Trump ... urging people not to make assumptions about his.. TMZ.com
Middle-Aged Americans Are, Underprepared for Retirement, , Study Finds.
'Newsweek' reports that people in the United States
who are approaching retirement age may be critically
underprepared when it comes to their savings.
According to Prudential Investments, Americans around
the age of 55 are facing a "midlife retirement crisis,"
lacking the funds for a comfortable post-working life. .
A recent survey by the major insurance
provider found the average retirement
savings of a 55-year-old to be $47,950. .
This falls significantly short of the recommended
goal of having eight times a person's annual
income saved by the time they reach 55. .
According to the survey, 57% of 55-year-olds
said they expected to outlive the funds
they have currently managed to save.
That's compared to 59%
of 65-year-olds and
52% of 75-year-olds.
The survey also found that one-third of 55-year-olds
and 43% of 65-year-olds have already been forced
to postpone retirement due to inflation.
Attention today is rightly centered on
the approximately 11,000 65-year-olds
entering retirement every week, but we
must also focus as an industry on the
opportunity to help a slightly younger
generation of workers entering the
critical 10-year countdown to retirement, Caroline Feeney, executive vice president and head
of Prudential's U.S. Businesses, via 'Newsweek'.
Further, the financial futures
of certain cohorts—such as
women—are especially precarious, Caroline Feeney, executive vice president and head
of Prudential's U.S. Businesses, via 'Newsweek'.
The upside is that, with the right
planning and strategy to protect
their life's work, we can ensure
this generation is well-prepared
to live not only longer, but better, Caroline Feeney, executive vice president and head
of Prudential's U.S. Businesses, via 'Newsweek'
Credit: Wibbitz Top Stories Duration: 01:31Published
Discover what hypergamy is and why it's becoming popular in modern dating. Learn how this trend impacts relationships and personal aspirations, based on insights from a recent survey of 2,000 Americans.
#Hypergamy #ModernDating #RelationshipGoals #DatingTrends #PersonalAspirations #AmericanCouples #AmericanYouth
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