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US consumer confidence tumbles in crucial holiday season - Black News Channel

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By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — A closely-watched gauge for U.S. consumer confidence tumbled to a reading of 88.6 in December as rising coronavirus cases dragged American optimism to its lowest level since summer. Rising pessimism is spreading during the crucial holiday season, which could make or break a number of retailers, restaurants, gyms and other places hammered by the pandemic. The December number released Tuesday by the Conference Board represents a big decline from November's reading, which was revised downward to 92.9. The drop was far worse than analysts had expected and is an […]

The post US consumer confidence tumbles in crucial holiday season appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
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