Latest news with #economicfears
The Independent
16-07-2025
- Business
- The Independent
More than half of Americans expect to travel less this summer
Americans are significantly reducing their summer travel plans and spending this year compared to 2024. This downturn is attributed to growing economic fears, rising inflation, and a slowdown in consumer spending. Donald Trump 's renewed threats of tariffs on 26 countries, including Mexico, the European Union, and Brazil, are a key factor contributing to economic uncertainty. The average summer holiday budget has decreased by 25 percent, from $4,199 last year to $3,132 this year. Over half of Americans (56 percent) intend to travel less this summer, with financial concerns being the primary reason, leading many to opt for shorter, domestic trips. Diminished fun in the sun: Americans are spending 25 percent less on summer vacation this year over economic fears
Wall Street Journal
06-06-2025
- Business
- Wall Street Journal
Reassuring Jobs Report Brings Relief to Investors
A better-than-expected jobs report juiced optimism on Wall Street. 'It is extremely encouraging to see a six-figure print during a time of significant uncertainty driven by tariffs and economic fears,' said Glen Smith, chief investment officer at Texas-based GDS Wealth Management. Despite some signs of weaknesses in this morning's data, the report staved off fears of an imminent and severe job-market slowdown.
