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US consumer confidence dips in November: survey

| By AFP |

US consumers were gloomier about the state of the American economy in November, likely due to a rise in gas prices and as recession risks loom, according to a survey released Tuesday.

The closely-watched consumer confidence index dipped to 100.2 in November, down two points from the month before, in a second straight month of decline, said think tank The Conference Board.

“Consumers’ expectations regarding the short-term outlook remained gloomy,” said Lynn Franco, senior director of economic indicators at The Conference Board.

The drop in consumer confidence this month, in line with analyst expectations, was “most likely prompted by the recent rise in gas prices,” she said. 

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Data on consumers’ short-term outlook suggests the likelihood of a recession remains elevated as well.

“Inflation expectations increased to their highest level since July, with both gas and food prices as the main culprits,” Franco said.

Consumer inflation in the United States has been hovering at the highest level in decades, prompting the Federal Reserve to take aggressive steps to raise interest rates and cool the economy.

The central bank walks a tightrope trying to bring down surging costs while avoiding tipping the world’s biggest economy into a downturn.

For now, consumer intentions to buy homes, automobiles and big-ticket appliances have moderated.

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“The combination of inflation and interest rate hikes will continue to pose challenges to confidence and economic growth into early 2023,” Franco said.

But with inflation showing signs of easing and central bankers noting it would take time for policy effects to be realized, a growing number of voices including Fed officials have advocated for smaller steps in the coming months.

The consumer sentiment reading “remains depressed compared to pre-pandemic” levels, said economist Rubeela Farooqi of High Frequency Economics.

Overall, measures of sentiment “are sending a negative signal about household spending,” even if consumption continues to support growth for now, she added.

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International

U.S. Proposes Higher Citizenship Fees and Limits on Immigration Fee Waivers

The U.S. Department of Homeland Security (DHS) has proposed increasing fees related to citizenship applications, while also seeking changes to programs that reduce or waive immigration-related costs for certain applicants.

The proposal would eliminate fee waivers and reduced-fee programs for immigrants whose household incomes are at or below 400% of the federal poverty level.

However, the changes would not take effect immediately. Before receiving final approval, the proposal must go through a 60-day public comment period, allowing individuals and organizations to submit feedback.

DHS justified the proposed increases by stating that the goal is to fully cover the costs associated with processing citizenship and naturalization applications.

“Although the Department of Homeland Security has historically limited form fees to promote naturalization, the agency no longer considers that these applications should have lower costs at the expense of other immigration benefits,” the department said in the proposal document.

If approved, the reform would modify the current immigration fee structure and could impact thousands of applicants who rely on financial assistance programs to complete their citizenship process.

U.S. authorities said the measure is part of a broader review of immigration service fees and the mechanisms used to fund the administration of these programs.

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International

Cristiano Ronaldo Makes History as First Player to Score in Six World Cups

Cristiano Ronaldo made football history on Tuesday by becoming the first player ever to score in six different editions of the FIFA World Cup.

The Portuguese forward opened the scoring in Portugal’s Group K match against Uzbekistan in Houston. Just six minutes into the game, Ronaldo found the back of the net with a right-footed strike from inside the box, sending the Portuguese fans into celebration.

The “Commander” sparked excitement throughout the stadium with his iconic celebration, as supporters joined in with his famous “Siuuu!” chant to honor another milestone in the career of one of football’s greatest stars.

At 41 years old, Ronaldo has now scored in Germany 2006, South Africa 2010, Brazil 2014, Russia 2018, Qatar 2022, and North America 2026. With his two goals in this tournament, he has surpassed Lionel Messi’s record, as the Argentine has scored in every World Cup he played except South Africa 2010.

The Portuguese captain has also reached nine World Cup goals, matching Eusébio as Portugal’s all-time top scorer in the history of the tournament.

Ronaldo’s achievement came just one day after Messi also made history by becoming the outright leading scorer in World Cup history, reaching 18 goals after scoring twice in Argentina’s 2-0 victory over Austria.

With his appearance at the 2026 World Cup, Cristiano Ronaldo has also extended another remarkable record by becoming the first player to participate in six consecutive editions of the tournament, further cementing his legacy as one of the most influential players in football history.

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Mbappé Ties Klose on All-Time World Cup Scoring List After Brace Against Iraq

Kylian Mbappé moved another step closer to World Cup history on Monday, scoring twice against Iraq to reach 16 career goals in the tournament and draw level with German legend Miroslav Klose on the all-time scoring chart.

The French forward found the net in the 14th and 54th minutes of France’s Group I clash in Philadelphia, registering his second consecutive brace of the 2026 FIFA World Cup.

Mbappé’s achievement came on the same day that Argentina captain Lionel Messi set a new all-time World Cup scoring record. The Argentine star scored twice against Austria to raise his career total to 18 goals, surpassing the previous mark of 16 held by Klose.

Klose established his record on July 8, 2014, during Germany’s historic 7-1 victory over Brazil in the World Cup semifinals in Belo Horizonte.

Before facing Iraq, Mbappé was tied with German striker Gerd Müller on 14 World Cup goals. His first goal of the match lifted him to 15, drawing level with Brazilian great Ronaldo Nazário.

The second strike moved the Real Madrid forward to 16 goals, allowing him to surpass Ronaldo, match Klose’s tally, and position himself just two goals behind Messi in the race for World Cup immortality.

The match also marked a personal milestone for Mbappé, as he made his 100th appearance for the French national team.

At 27 years old, the French superstar remains firmly in pursuit of Messi’s newly established record and continues to strengthen his legacy as one of the most prolific scorers in World Cup history.

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