Money

Over 90% of Americans cutting holiday spending

Published

2 years ago

September 20, 2023

A staggering 90% of Americans are tightening their purse strings, and this trend is expected to persist throughout the holiday season.

The survey, which examined the spending habits and financial outlook of a diverse group of Americans, sheds light on the economic challenges many are facing.

The study found that the ongoing economic uncertainty, coupled with rising inflation rates, has prompted a significant shift in consumer behavior. Respondents expressed concerns about their financial stability, with many citing the need to prioritize essentials over discretionary spending. This shift in priorities is expected to extend to the upcoming holiday season, traditionally a period of increased consumer spending.

With the holiday season fast approaching, retailers are bracing for an impact on their sales figures. Many Americans indicated they plan to scale back on gifts, travel, and dining out during the holidays. Instead, they are looking for creative ways to celebrate without breaking the bank.

Economists and financial experts are closely watching this trend, as it could have a ripple effect on the broader economy. The holiday season typically accounts for a significant portion of annual consumer spending, and any reduction in this spending could have far-reaching consequences.

As the survey results highlight this nationwide shift in spending habits, businesses are strategizing to adapt to the changing consumer landscape. Retailers are exploring promotions and discounts to attract budget-conscious shoppers, while families are seeking innovative ways to make the most of the holidays without overspending.

Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

1 day ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

1 day ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

2 days ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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