Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Bloomberg's Consumer Comfort Index gained to 47.8 last week from 45.1, notching its biggest increase in more than 11 years.
Though reopenings have slowly driven the index higher, gauges for richer and poorer Americans have diverged. While comfort among households making more than $100,000 continues to climb after two weeks of improvements, comfort among those making less than $50,000 has held steady since July.US consumers are growing increasingly confident in the nation's economic backdrop as reopening continues, but significant progress is still needed before returning to pre-pandemic highs.
The company's State of the Economy index gained to 37.7 from 34.6, while a gauge of consumer's personal finance climbed to 63.6 from 61.5. Bloomberg's Buying Climate index rose to 42 from 39.1.A major fund manager explains the rationale behind Berkshire Hathaway's $570 million investment in Snowflake's IPO — and outlines why it's a good sign for shareholders
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