Bank of America Institute reports that American consumers are spending more on hobbies despite higher costs, a trend dubbed "funflation." Spending on hobbies like arts, crafts, and outdoor activities rose 7.9% year over year in August, outpacing transaction growth. Older millennials lead this spending, likely due to hobbies for themselves and their children, while Gen Z focuses more on gaming and less on outdoor recreation. This shift reflects consumers balancing away from pricier travel due to rising fuel costs, favoring more affordable leisure activities.
The hobby economy and 'funflation' show American consumers spending more on leisure despite rising costs. For readers following consumer cyclical stocks, here is Pluang's market snapshot as of Sep 29, 2026 01:12 WIB: out of 112 priced US stocks, 51 rose and 59 fell. Notable movers include Gogoro Inc (GGR) with a 1-day change of +5.90% and 100% sell order activity, Quantumscape Corp (QS) down -5.80% with 97% buy orders, and Aterian Inc (ATER) down -5.32% with 60% sell orders. Typical hold times range from 14 to 36 days on Pluang.
Lifecore Biomedical's stock surged 55.24% to $6.52 after announcing an acquisition by Webster Equity Partners offering $6.28 per share in cash plus potential Contingent Value Rights up to $9.67 per share. The deal values the company at up to $663.7 m...
A director of Espey Manufacturing and Electronics Corp sold 100 shares at $64.49 each, reducing his holdings to 20,550 shares. This insider sale happened after the company reported strong 2026 financial results, including net sales growth to $46.1 mi...
Vail Resorts reported Q4 earnings per share of -$5.34, slightly better than expected, with revenue of $278.1 million surpassing estimates. The company benefited from a 5.2% rise in mountain revenues, driven by strong pass sales in Australia and stabl...
Conagra Brands is set to report Q1 earnings with analysts forecasting a 1.4% revenue decline to about $2.59 billion due to weak consumer spending and inflation. Earnings per share are expected to drop 20.5% to $0.31, reflecting margin pressures and a...
Morgan Stanley raised the price target for Reinsurance Group of America (RGA) to $295, implying a 16.7% upside from its current price of $252.85. The company reported a 42% increase in adjusted operating income to $746 million in H1, driven by its lo...
