and NASA determined it was too risky for the astronauts to come back to Earth in the same capsule.
The Conference Board said Tuesday that its consumer confidence index rose 12.3 points in May to 98, up from April’s 85.7, its lowest reading since May 2020.A measure of Americans’ short-term expectations for their income, business conditions and the job market jumped 17.4 points to 72.8, but remained below 80, which can signal a recession ahead.
The proportion of consumers surveyed saying they think a U.S. recession is coming in the next 12 months also declined from April.— including massive import taxes — have clouded the outlook for the economy and the job market, raising fears that the American economy is headed toward a recession.However, Trump’s tariff pullbacks, pauses and negotiations with some trading partners may have calmed nerves for the time being.
“The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards,” said Stephanie Guichard, senior economist at The Conference Board.Trump had initially imposed a stunning 145% tariff on most goods from China, but
for negotiations. The U.S. also came to an
Over the Memorial Day holiday weekend, Trump and European Union leaders announced that the president’s 50% tariff on imports from the E.U., which he announced Friday, areAn elephant bird stands in its enclosure at the animal refuge Ostok Sanctuary, on the outskirts of Culiacan, Mexico, Monday, May 19, 2025. (AP Photo/Felix Marquez)
A staff membergives an elephant water at the animal refuge Ostok Sanctuary, on the outskirts of Culiacan, Mexico, Monday, May 19, 2025. (AP Photo/Felix Marquez)A staff membergives an elephant water at the animal refuge Ostok Sanctuary, on the outskirts of Culiacan, Mexico, Monday, May 19, 2025. (AP Photo/Felix Marquez)
Ostok Sanctuary animal sanctuary staff prepare a jaguar to be transferred, on the outskirts of Culiacan, Mexico, Monday, May 19, 2025. (AP Photo/Felix Marquez)Ostok Sanctuary animal sanctuary staff prepare a jaguar to be transferred, on the outskirts of Culiacan, Mexico, Monday, May 19, 2025. (AP Photo/Felix Marquez)