European luxury brand stocks plunge sharply as US-Iran war threatens Middle East demand, with LVMH down 5.08% and Kering falling 7.59%, outpacing broader market declines amid fears of prolonged conflict impacting discretionary spending in a key growth region for high-end brands.
#YonhapInfomax #LuxuryBrands #MiddleEastConflict #DiscretionarySpending #LVMH #GlobalRecession #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=107852
Luxury Brand Stocks Tumble on US-Iran War - 'Discretionary Spending to Take Major Hit'

European luxury brand stocks plunge sharply as US-Iran war threatens Middle East demand, with LVMH down 5.08% and Kering falling 7.59%, outpacing broader market declines amid fears of prolonged conflict impacting discretionary spending in a key growth region for high-end brands.

Yonhap Infomax
Chewy Inc. reported stronger-than-expected Q3 results, with CEO Sumeet Singh highlighting an 18% rise in discretionary spending and continued market share gains, driven by growth in veterinary services and membership programs.
#YonhapInfomax #ChewyInc #DiscretionarySpending #Q3Earnings #MarketShare #VeterinaryServices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=95125
Chewy CEO Highlights Growth in Discretionary Spending—Market Share Continues to Expand

Chewy Inc. reported stronger-than-expected Q3 results, with CEO Sumeet Singh highlighting an 18% rise in discretionary spending and continued market share gains, driven by growth in veterinary services and membership programs.

Yonhap Infomax

A new, updated version of SpotFunds has been released for iOS 26! I’m currently working on personalized coaching features - the app will learn from you and **proactively** offer help or a heads up.

If you’re one of the 66% of Americans that live paycheck to paycheck & struggle with discretionary spending, that’s what SpotFunds is completely focused on! And it is all private to boot! https://apps.apple.com/us/app/spotfunds/id908020085

#budget #money #discretionaryspending #finances

SpotFunds App - App Store

Download SpotFunds by Dan Segars on the App Store. See screenshots, ratings and reviews, user tips, and more games like SpotFunds.

App Store
Excited for what is coming soon for my private, location-based budgeting app SpotFunds, but for now an update for iOS 26 - new app icon, new design for budgets, and bug fixes.#budget #app #discretionaryspending

Rising food bills put takeaways on hold

UK consumers are showing clear signs of restraint in their spending habits, with the latest Barclays Consumer Spending Report for July 2025 pointing to a slowdown in fast food and takeaway purchases. Overall spending in the eating and drinking category increased by just 0.…
#dining #cooking #diet #food #Food #consumerbehaviour #discretionaryspending #fastfood #spendinghabits
https://www.diningandcooking.com/2241355/rising-food-bills-put-takeaways-on-hold/

#Trump is set to propose $163 billion in cuts to non-defense #DiscretionarySpending for the 2026 fiscal year in what's known as a "skinny budget" Friday.

The cuts are for spending #Congress authorizes each year—which does not include spending on safety nets like #Medicare, #Medicaid & #SocialSecurity.

The cuts…represent a 22.6% cut in projected #spending for the current fiscal year [as if costs weren’t going up]. They were confirmed by the White House #OMB….

#USpol
https://www.npr.org/2025/05/02/nx-s1-5384318/trump-budget-cuts

Wall Street analysts report declining U.S. consumer confidence due to Trump's tariffs, inflation fears, and stock market volatility, impacting discretionary spending and major purchases.
#YonhapInfomax #ConsumerConfidence #TariffPolicy #WallStreet #DiscretionarySpending #StockMarketSellOff #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55687
Wall Street - 'US Consumers Spooked by Tariffs, Inflation, and Stock Market'

Wall Street analysts report declining U.S. consumer confidence due to Trump's tariffs, inflation fears, and stock market volatility, impacting discretionary spending and major purchases.

Yonhap Infomax
South Korean government plans over 10% cut in discretionary spending for 2026 budget, focusing on AI, digital transformation, and trade competitiveness amid fiscal sustainability concerns
#YonhapInfomax #DiscretionarySpending #FiscalSustainability #AICompetitiveness #TradeCompetitiveness #BudgetGuidelines #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55479

#funding that nonpartisan scorekeepers said would #reduce the budget #deficit by helping the gov collect more of the #TaxRevenue it is owed…. #Democrats have championed the initiative, but #Republicans have denounced it, claiming falsely that the money would be used to fund an army of auditors to go after working people.…

As the deal stands, the #IRS $ would essentially shift to nondefense #DiscretionarySpending, …to avoid further cuts in programs like education & environmental protection….

#Spending on the #military would grow next year, as would spending on some #veterans’ care that falls under nondefense #discretionary spending. The rest of nondefense #DiscretionarySpending would fall slightly — or roughly stay flat from — this year’s levels.

It would also roll back $10B of the $80B #Congress approved last year for an #IRS crackdown on high earners (#wealthy) & #corporations that evade #taxes