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The Latest Breaking News from University of Michigan

Donald Trump’s economic adviser says that Americans spending more on gas and groceries is a sign they are ‘optimistic about the future’

A different read on the data.

We Got This Covered

The peony pilgrimage has begun: Historic garden draws thousands with its spectacular blooms

The garden proudly hosts one of North America's, and likely the world's, largest collections of historic herbaceous peonies

The Independent UK

Trump's Top Economic Adviser Tells Americans Spending More on Everything Is a Sign They're 'Hopeful For the Future'

Kevin Hassett says higher spending on essentials signals optimism, but data shows record-low consumer sentiment and growing financial worries amid rising fuel costs.

International Business Times UK

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Stocks Set to Open Higher as U.S.-Iran Peace Hopes Hold, PCE Inflation Data and Fed Speak Awaited

June S&P 500 E-Mini futures (ESM26) are up +0.67%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.03% this morning as investors remained hopeful that the latest U.S. strikes on Iran would not derail talks to end the Middle East conflict.

Barchart

Former elite college soccer player who beat his brother to death with golf clubs found dead in his prison cell, report says

A judge ruled in March that Matthew Hertgen was legally insane at the time of his brother's 2025 killing

The Independent UK

The Fed's worst inflation fears may be coming true as consumers lose faith in long-term prices—even Trump supporters doubt he can bring relief

"Critically, consumers appear worried that inflation will increase and proliferate beyond fuel prices, even in the long run."

Fortune

Stocks Settle Higher on Iran Peace Hopes and Tech Strength

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.37%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.42%. June E-mini S&P futures (ESM26 ) rose +0.35%, and June E-mini Nasdaq futures...

Barchart

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Dollar Erases Early Gains as US Consumer Sentiment Sinks

The dollar index (DXY00 ) on Friday gave up an early advance and finished little changed. The dollar was pressured on Friday after the University of Michigan’s May US consumer sentiment index was revised downward to a record low. Also, Friday’s rally in stocks curbed liquidity demand for the dollar....

Barchart

Angst over rising cost of living pushes US consumer sentiment to record low

US consumer sentiment fell to a record low in May as rising gasoline prices driven by the Iran war intensified cost-of-living pressures. Inflation expectations climbed sharply, especially among Republicans and independents, signalling growing economic dissatisfaction and posing risks to spending despite a still-resilient labour market and ongoing stock market gains.

The Economic Times

Stocks Climb on US-Iran Peace Hopes and Strength in Chipmakers

The S&P 500 Index ($SPX ) (SPY ) today is up +0.50%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.63%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.73%. June E-mini S&P futures (ESM26 ) are up +0.47%, and June E-mini Nasdaq futures...

Barchart

Dollar Gains and Gold Falls on Hawkish Waller

The dollar index (DXY00 ) today is up +0.15%, just below Thursday's 6-week high. The dollar is supported by hawkish comments from Fed Governor Christopher Waller, who said he supports a Fed rate increase if inflation doesn't soon slow. Gains in the dollar are limited by today's downward revision to...

Barchart

Student sues University of Michigan over alleged surveillance tied to Gaza protests

Lawsuit says university and private investigators conspired to intimidate, terrorize and retaliate against Josiah Walker

The Guardian - US

Man wrongly convicted of Michigan murders in 1990 agrees to $5.25M settlement

Jeff Titus was released in 2023 after more than two decades behind bars

The Independent UK

Trump Economic Advisor Claims Record Low Consumer Sentiment Is Caused By Stress Of Seeing Too Much Positive Change Too Quickly

The White House attributes record-low consumer confidence to rapid changes under Trump's administration, despite rising petrol prices and tariffs being cited as primary causes by the University of Michigan survey.

International Business Times UK

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International Business Times

Trump Adviser Says Record-Low Consumer Sentiment Is Basically POTUS' Fault for Caring Too Much

US consumer confidence has reached a record low, driven by high petrol prices and tariffs. Economic pressures are affecting household budgets, with many Americans feeling financially strained.

Barchart

S&P 500 and Nasdaq Post Record Highs on Tech Stock Strength and Iran Diplomacy

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.80%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.95%. June E-mini S&P futures (ESM26 ) rose +0.72%, and June E-mini Nasdaq futures...

Barchart

Dollar Drops on Hopes for US-Iran Diplomacy

The dollar index (DXY00 ) on Friday fell by -0.24%. The dollar gave up an early advance and turned lower on Friday as stocks rallied on optimism that peace talks between the US and Iran are set to resume. Bloomberg reported that Iranian Foreign Minister Abbas Araghchi is expected to...

Barchart

Stocks Rise on Intel’s Earnings and Possible Resumption of Iran Peace Talks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.36%. June E-mini S&P futures (ESM26 ) are up +0.38%, and June E-mini Nasdaq futures...

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news in one place.

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Barchart

Dollar Declines on Iran Peace Optimism

The dollar index (DXY00 ) today is down by -0.16%. The dollar gave up an early advance and turned lower today as stocks rallied on optimism that peace talks between the US and Iran are set to resume. Bloomberg reported that Iranian Foreign Minister Abbas Araghchi is expected to arrive...

The Independent UK

Michigan utility OKs 12-month ban on supplying water for data centers

A Michigan utility has approved a ban on supplying water to data centers

The Guardian - US

Lewd messages linked to University of Michigan regent who led campaign against pro-Palestinian students

Jordan Acker, who pushed legal action against protesters, is running for re-election in race reflecting tensions on Israel

The Independent UK

Thunderstorms rip across Michigan damaging 2 ice arenas, other structures

Powerful storms ripped through parts of Michigan damaging two ice arenas and other structures, and felling branches near the University of Michigan's main campus

Barchart

Consumer Sentiment Is Collapsing. Is This the Sign of an Economic Meltdown or Social Stress?

The University of Michigan Consumer Sentiment Index recently plunged to a historic low, sparking fears of an imminent recession. Here's what to know.

Fortune

Trump’s economy officially passes Biden’s for worst consumer sentiment in recorded history

The University of Michigan’s index plunged to 47.6 in April—shattering the prior floor set during the 2022 inflation crisis.

Barchart

Stocks Settle Mixed Awaiting US-Iran Peace Talks

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.11%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.14%. June E-mini S&P futures (ESM26 ) fell -0.12%, and June E-mini Nasdaq futures...

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