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Consumer Confidence Hits Three-Month Low

Posted Mar 29th 2011 4:00PM by Michael Fowlkes (RSS feed)
Filed under: Bad News, Consumer Experience, Market Matters, Money and Finance Today, Economic Data, Oil

Consumer confidence fell more than expected during the month of March, hitting a new three-month low as high gasoline prices weigh on the minds on consumers.

The Conference Board's consumer confidence index read 74 during February, but dipped in March all the way down to 63.4. Going into today's reading, analysts had been expecting to see the consumer confidence index decline, but only to 65.

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CarMax Fourth Quarter Earnings Preview

Posted Mar 31st 2010 6:00PM by Michael Fowlkes (RSS feed)
Filed under: Forecasts, Products and Services, Competitive Strategy, Recession

Auto retailer CarMax Inc. (KMX) will be reporting its fourth quarter numbers tomorrow, and Wall Street is looking for further signs that the struggling auto industry is continuing to rebound.

Going into tomorrow's earnings release Wall Street is expecting to see the company show earnings of $0.25 per share. During the same period last year the company reported earnings of $0.17.

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Consumer confidence continues to drop

Posted Jul 28th 2009 3:50PM by Michael Fowlkes (RSS feed)
Filed under: Bad News, Consumer Experience, Economic Data, Housing, Recession, Financial Crisis

The nations high unemployment rate impacted consumer confidence again in July, the second straight month that people's faith in the economy has wavered.

The Conference Board's index that measures consumer confidence dipped to 46.6, down from June's measure of 49.3. The good news is that we are well above the low we hit back in February at 25.3.

A big factor influencing confidence these days is the nation's unemployment rate, which is expected to rise through 10% in the not too distant future, with 15 states already reporting 10% or greater unemployment.

Continue reading Consumer confidence continues to drop