Consumer confidence buoyed by lower gas prices and easing inflation
December 22, 2022
The Conference Board’s consumer confidence index hit 108.3 for December, an abrupt upturn from the November pulse on the U.S. economy of 101.4. “Inflation expectations retreated in December to their lowest level since September 2021, with recent declines in gas prices a major impetus,” commented Lynn Franco, senior director of economic indicators at the Conference Board.
Recent News
Tesla Employee Sleeps in Car, Loses Job Amidst Layoffs
Tesla, the Texas-based automaker, recently conducted layoffs affecting at least 10% of its staff. Among them was Nico Murillo, a production supervisor at the Freemont facility, who shared his layoff experience on LinkedIn.
Emergency Slide That Fell Off Delta Plane During Flight Found
The emergency slide was found 10 miles from JFK Airport.
Krispy Kreme Debuts New Rewards Program
Krispy Kreme is introducing a new program that piggybacks on its existing Krispy Kreme Rewards.
WeWork’s Bankruptcy Exit Plan Revealed
WeWork is charting a new course to exit bankruptcy, but without its former CEO Adam Neumann in the driver’s seat.