U.S. Consumer Confidence Falls to 16-Year Low

The Conference Board's consumer confidence index for May fell more than expected to 57.2 in Tuesday's report, led by a 5.5- point decline in the present situation component. The previous month's reading of 62.3 was revised upwards to 62.8. The three-month average for consumer confidence is now at 62.0, down from 68.4 ...