Billionaire Mark Cuban Divests Majority of Bitcoin Holding Over Utility Concerns

The Consumer Sentiment Index in the United States plunged 10% in May compared to the month prior, to stand at 44.8, a final report posted by the University of Michigan showed on Friday. The figure tumbled 14.2% on an annual basis. The Current Economic Conditions Index slid 12.8% in the reported period compared to April and plummeted 22.2% compared to May 2025, amounting to 45.8 points. The Index of Consumer Expectations dropped 8.3% month-over-month and 7.9% year-over-year, coming in at 44.1. "Year-ahead inflation expectations inched up from 4.7% last month to 4.8% this month. The current reading substantially exceeds the 3.4% reading seen in February 2026 prior to the start of the Iran conflict, along with all 2024 readings. Long-run inflation expectations climbed from 3.5% in April to 3.9% in May, notably higher than the 2.8% to 3.2% range seen in 2024," it was stated in the report. UMich new record lows across the board UMich Sentiment 44.8, Exp. 48.2 UMich Current Cond 45.8, Exp. 48.0 UMich Expectations 44.1, Exp. 48.5 1Yr Inflation exp. 4.8%, Exp. 4.6% 5-10Yr inflation exp. 3.9%, Exp. 3.4% pic.twitter.com/Sq8trcBkcl Republican sentiment sliding pic.twitter.com/dAvrgMPGXF