Delta variant is tanking consumer sentiment
August 16, 2021
American consumers are deeply concerned about the spread of the Delta variant and its potential impact on every aspect of their lives. The University of Michigan’s preliminary consumer sentiment index for early August fell to its lowest level since 2011, making it one of the three biggest declines over the past 50 years. The other two cases were during the 2007-2009 Great Recession period and in April 2020 when the novel coronavirus pandemic hit.
Recent News
Walmart Shareholders Vote Down Majority of Proposals at Annual Meeting
Walmart shareholders held their annual meeting virtually online on June 5, 2024, with roughly 91% of all outstanding shares represented, and saw the rejection of most of the proposals on the agenda.
Campbell CEO Shares How Car Insurance Inflation Affects the Snack Aisle
Campbell Soup’s recent report has revealed a surprising decline in snack sales, raising questions about the resilience of the snack market in an inflationary environment.
FDA Rescinds Marketing Ban on JUUL Vaping Products
The FDA will conduct further additional scientific reviews of the product.
Ford Recalls Over 8,000 Mustangs Due to Leak and Fire
Ford Motor Company has issued a recall for over 8,000 of its 2024 Mustang models due to a risk of fire stemming from leaking clutch fluid.