NEW YORK — Consumer confidence plummeted in June to one of its lowest levels ever amid worries about jobs, rising prices and falling home values.
The Conference Board Consumer Confidence Index dropped to 50.4, compared with from 58.1 in May. The two key components both also fell in June: The Present Situation Index decreased to 64.5 from 74.2, and the Expectations Index declined to 41.0 from 47.3.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"