The University of Michigan's Consumer Sentiment Index beat March expectations with a reading of 79.4, surpassing predictions of 76.5. This figure marks the highest level since July 2021, indicating a resurgence in consumer confidence. Additionally, pending home sales data released Thursday morning beat February estimates with a 1.6% month-over-month increase versus the 1.5% expected. The rise in pending home sales is attributed to more individuals entering the workforce and increased inventory levels in the housing market. Yahoo Finance's Seana Smith and Madison Mills break down the details, analyzing how markets (^DJI, ^IXIC, ^GSPC, ^RUT) are digesting these numbers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
The SEC approved investment vehicles tied to Ether futures in October but has not reached a decision about spot ETH exchange-traded funds on U.S. exchanges.
Many on social media suggested that 25 years was “too light” given the former FTX CEO’s crimes, speculating that he would end up serving less time in prison.