On the surface, the message from the University of Michigan’s final reading of consumer sentiment for November is that President-elect Donald Trump will fix what ails the nation — fast.
The consumer expectations index of the survey rose by 8.4 points from October to 85.2 — a one-month gain last exceeded in the December 2011 — a testament to households’ optimistic view on the outlook for the U.S. economy and their own pocketbooks.
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Time For Truth: (Bloomberg) – Soaring Consumer Confidence: Are Americans Happy It's Trump, or Just Happy It's Over?
U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that
potentially clears the way for the Federal Reserve to raise interest rates in December.
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Time For Truth: (Reuters) – U.S. consumer prices post largest gain in six months
Everyone hates paying bank fees. But imagine paying fees on a ghost account you didn’t even sign up for.
That’s exactly what happened to Wells Fargo customers nationwide.
On Thursday, federal regulators said Wells Fargo (WFC) employees secretly created millions of unauthorized bank and credit card accounts — without their customers knowing it — since 2011.
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Time For Truth: (CNN) – 5,300 Wells Fargo employees fired over 2 million phony accounts
“If you like your doctor, you can keep your doctor” was President Barack Obama’s signature catchphrase he used to sell the Affordable Care Act to the American people. Now Obamacare’s flagship website, healthcare.gov, no longer even addresses the issue.
A set-top box offering video-on-demand services has been unveiled by the state broadcaster KCTV in North Korea, according to local reports.
The box, called Manbang, has been dubbed the country’s version of Netflix in some reports.
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Time For Truth: (BBC News) – North Korea 'Netflix' device unveiled