PODCAST: Consumer sentiment worsens, Greece reshuffles political cabinet
Here are today’s top headlines from the Marketplace Morning Report and from around the web.
U.S. consumer sentiment worsened more than expected in June on renewed concerns about the outlook for the economy, while worries about inflation eased modestly, a survey released Friday showed.
A key gauge of future U.S. economic activity rose more than expected in May to a record high, but high gasoline prices and a weak housing market will see growth remaining moderate.
Today the prime minister of Greece reshuffled his cabinet in a desperate bid to keep the Greek government — and economy — afloat. The move comes as the government is looking to get the support it needs to pass big budget cuts. Oil prices are lower on the news. Down around $93 a barrel in New York trading.
The maker of the BlackBerry, Research in Motion, said profit fell 10 percent in its last quarter. And lowered its guidance in the wake of stiff competition from iPhones and Androids.
Steve Chiotakis’ dad always told him that his mom married him because he drove a Cadillac Eldorado. But now he has doubts. Because a new study by several universities in Texas and Minnesota says while women may be initially impressed with your flashy sportscar, they don’t necessarily see you as a long-term prospect. In fact, they see a man boasting a spiffy ride as someone who’s promiscuous and a bit shallow.
Yet another reminder that the computer is not always right. In Bellevue, Wash., a driver followed the directions of the rental car GPS device right down a boat launch and into a lake. She got out OK and told police she made the mistake while waiting for the GPS to recalculate the route.
You can read the rest of today’s stories from the Marketplace Morning Report here.
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