Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan’s Surveys of Consumers said Friday. The index of consumer sentiment fell to 44.8 from a preliminary reading of 48.2. It’s also well below the 49.8…
Meta CEO Mark Zuckerberg arrives for a meeting on Capitol Hill on March 26, 2026. Andrew Harnik | Getty Images A bad week for stocks was particularly rough for tech investors, as the Nasdaq suffered its worst weekly drop since April 2025. Meta and Micron saw double-digit drops, but the pain was felt across the…
I spent seven years studying high-achieving students, interviewing hundreds of them and their families. Many young people I met described monitoring grades, rankings, and résumés as if they were constantly evaluating their worth. In some families, achievement took on an outsized role, leading some children to wonder whether their parents’ love was tied to how…
South Africa’s top banking executives and finance minister Enoch Godongwana have held discussions on the potential fallout if Washington were to impose sanctions on the country, according to a report by Sowetan on Monday. The talks, which took place at a recent Banking Association of South Africa board meeting, reportedly centred on concerns that US…
Former NBC Cable President Tom Rogers is dialing back his bullishness on Netflix. The media trailblazer, who was a self-proclaimed “raging bull” on Netflix, told CNBC’s “Fast Money” this week he’s starting to worry — and listed competition with free content on YouTube as a headwind. “[Netflix] still [has] more hit shows than all the…
