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News alert: Consumer confidence dips in May
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War, gas prices, and inflation are weighing on Americans.
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<a data-linktext="Consumer confidence slipped in May as war-driven inflation weighs on Americans" data-linktype="Normal" style="color:#105C8E;text-decoration:none" target="_blank">
Consumer confidence
slipped in May as war-driven inflation weighs on Americans
</a>
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<div>
The Conference Board's consumer confidence index dipped to 93.1 in May, reversing three straight months of gains, as concerns about the inflationary fallout from the Middle East war dragged on Americans' view of current conditions. Gas prices have hovered near $4.50 a gallon
for most of the month — up from $2.98 before hostilities broke out in late February — and inflation hit 3.8% in April, the fastest pace in three years. About two in three survey respondents said they are already cutting back on spending.
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Ending soon: Claim up to a $1,500 bonus before May 31
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<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
Let’s do some quick math. If you have $50,000 sitting in a traditional bank account right now, you're likely earning a fraction of a percent in interest.
</span>
</div>
<div>
<br/>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
If you moved that exact same amount to Raisin today, you wouldn't just earn more—you'd simplify how you save. Raisin lets you access and manage top-tier rates from over 100 partner banks and credit unions
using one single login.
</span>
</div>
<div>
<br/>
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<div>
<br/>
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<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
Here is what happens when you make the move:
<span class="ql-cursor">
</span>
</span>
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<ul style="font-size:15px;color:#000000">
<li>
<span class="ql-ui">
</span>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
You can earn a 4.10% APY* with Everbank’s 90-day rate lock (about $1,990 in interest over the next year).
</span>
</li>
</ul>
<div>
<span style="font-size:15px;color:#000000">
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
You can get an additional cash bonus of up to $1,500¹ using code FRESHSTART by May 31
</span>
</span>
</div>
<div>
<br/>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
That could amount to over $2,340 in your pocket just for moving your money to a platform backed by FDIC- and NCUA-insured institutions.
</span>
</div>
<div>
<br/>
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<div>
<br/>
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<div>
<span style="font-size:15px;color:#000000;background-color:rgba(0,0,0,0)">
A small switch today can make a massive difference to your bottom line, but the bonus offer expires at the end of the month.
</span>
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<div>
<span style="font-size:10px;color:#6C6B6B">
*APY means Annual Percentage Yield. APY is accurate as of May 21, 2026. Minimum opening deposit is $1.00. For illustrative purposes only:* The projected $1,993 in interest assumes a $50,000 deposit is maintained for one full year (365 days). This projection assumes earning a locked 4.10% APY for the initial 90 days, and an
assumed 3.95% APY for the remaining 275 days. After the 90-day rate lock period, the actual rate is variable and subject to change without notice. Actual earnings may vary.
</span>
</div>
<div>
<br/>
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<div>
<span style="font-size:10px;color:#6C6B6B">
¹See site for important bonus details.
</span>
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More From The Newsroom
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<img alt="Newsday LLC / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2196576359.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3Nzk4MjczNjQuNjU4NTk1M30:1wRyOy:nR7_M6j5Yl9-ccMhFVvDAkgHmD1OC2B0M-OfkzGUVAs" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<strong style="color: var(--blue-cta-default); line-height: 1.4">
<a data-linktext="Consumer sentiment sinks to an all-time low." data-linktype="Normal" style="color:#105C8E" target="_blank">
Consumer sentiment sinks to an all-time low.
</a>
</strong>
<span style="line-height: 1.4">
The University of Michigan index fell to 44.8, its lowest reading since the survey began in 1952, alongside near-historic gas prices. The one-year inflation outlook also ticked up to 4.8%
from April's 4.7%. Lower-income households were most affected.
</span>
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<a aria-label="Bloomberg / Getty Images" style="color:#168DD9" target="_blank" title="Bloomberg / Getty Images">
<img alt="Bloomberg / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2274247029.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3Nzk4MjczNjQuNjU4NzA1N30:1wRyOy:NO13EFgu3GHMfFceB-gW93ctMHAgIu8EhE1DzlQ7QDI" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<strong style="color: var(--blue-cta-default); line-height: 1.4">
<a data-linktext="A key Republican says Congress will probe prediction markets." data-linktype="Normal" style="color:#105C8E" target="_blank">
A key Republican says Congress will probe prediction markets.
</a>
</strong>
<span style="line-height: 1.4">
Rep. James Comer asked the CEOs of Polymarket and Kalshi to reveal what they're doing to prevent insider trading. A subpoena is likely to follow if the CEOs don't cooperate. Suspicions stem from lucrative bets on U.S. military operations.
</span>
</div>
</td>
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<a aria-label="San Francisco Chronicle / Hearst Newspapers / Getty Images" style="color:#168DD9" target="_blank" title="San Francisco Chronicle / Hearst Newspapers / Getty Images">
<img alt="San Francisco Chronicle / Hearst Newspapers / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2275744247.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3Nzk4MjczNjQuNjU4ODA2Nn0:1wRyOy:UzVo7N9bVCDtqKBsqgEKoye3yvbRA67LZX4qxY16OAU" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<div>
<strong style="color: var(--blue-cta-default); line-height: 1.4">
<a data-linktext="California directs agencies to prepare workers for AI job disruption" data-linktype="Normal" style="color:#105C8E" target="_blank">
California directs agencies to prepare workers for AI job disruption
</a>
</strong>
<span style="line-height:
1.4">
. Governor Gavin Newsom's executive order compels departments to explore what he termed "universal basic capital," which would give every resident a share in assets such as corporate stocks, bonds, or wealth funds.
</span>
</div>
</td>
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<a data-linktext="IMAX is exploring a sale as premium cinema demand hits records." data-linktype="Normal" style="color:#105C8E" target="_blank">
IMAX is exploring a sale as premium cinema demand hits records.
</a>
</strong>
<span style="line-height: 1.4">
With large format screens growing in popularity, the company has reportedly approached entertainment firms about a deal. Global box office
receipts reached $1.28 billion in 2025 for an annual gain of more than 40%.
</span>
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Images">
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</a>
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<strong style="color: var(--blue-cta-default); line-height: 1.4">
<a data-linktext="Investors are piling into
space ETFs ahead of SpaceX's IPO." data-linktype="Normal" style="color:#105C8E" target="_blank">
Investors are piling into space ETFs ahead of SpaceX's IPO.
</a>
</strong>
<span style="line-height: 1.4">
Seven space-focused ETFs have collectively attracted $1.3 billion in new cash over the past month, pushing total assets in the sector to $3.3 billion. SpaceX is planning to hit the Nasdaq in June under the ticker SPCX.
</span>
</div>
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