Latest Business News: Consumer Confidence Slips in July as Outlook Dims

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Latest Business News: Consumer Confidence Slips in July as Outlook Dims

Latest Business News: Consumer Confidence Slips in July as Outlook Dims
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Latest Business News: Consumer Confidence Slips in July as Outlook Dims

Wochit 0:42 mins

According to a private sector report U.S. consumer confidence pulled back in July as consumers were less optimistic about the outlook for the economy and labor market, A home price index for May showed the biggest yearly gain since March 2006, a sign that the housing recovery is strengthening. BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said after compensation costs soared for a second straight quarter.

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