June 8, 2025
Sydney 29

US consumer confidence sinks to 5-year low driven by tariffs, recession fears

AI-generated image (Credit: Bing image creator) American consumer confidence in the economy has dropped to its lowest level since the onset of the Covid-19 pandemic. The Conference Board reported a sharp 7.9-point decline in April, bringing the index down to 86, marking the lowest reading since May 2020. The decline is being largely attributed to […]

US judge blocks Trump administration’s effort to shut down consumer financial protection bureau

US President Donald Trump (File Image) A US federal judge on Friday halted the Trump administration‘s attempt to dismantle the Consumer Financial Protection Bureau, marking the latest legal setback in the White House’s swift push to reshape the federal government.Judge Amy Berman Jackson issued a preliminary injunction to ensure the agency’s continuation until she delivers […]