CEOs Are Losing Confidence in the Economy

Axios: “The CEOs of the world’s biggest companies lost confidence in the economy this month as the Iran war dragged on, a new survey finds.”

“CEO confidence fell 12 points in the second quarter of the year to 47, per the survey from The Conference Board, a nonpartisan think tank, and The Business Council, an association of CEOs.”

“Any number below 50 signals negative sentiment.”