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.
Lockheed Martin reported strong Q3 2026 results, beating Wall Street estimates with earnings of $7.97 per share and sales of $20.7 billion, up 11% year-over-year. Net earnings rose 14% to $1.8 billion, supported by a record backlog of $292 billion, i...
IBM reported strong Q3 results with revenue of $17.1 billion and adjusted earnings of $2.95 per share, surpassing analyst estimates. Software revenue grew 9%, led by Red Hat and OpenShift, while AI-related consulting work also contributed significant...
Cowen & Co. initiated a 'Buy' rating on CenterPoint Energy before its Q3 earnings report due October 27, 2026. Analysts expect $2.16 billion in revenue, an 8.4% increase year-over-year, and earnings of $0.50 per share, steady from last year. The comp...
Drofa Comms has released the Women Leading the Way Digital Magazine 2026, aiming to highlight women experts in finance on equal terms with men. The digital magazine features insights from 25 industry professionals and covers topics like AI in wealth ...
Tesla reported third-quarter earnings with free cash flow exceeding expectations, but shares fell after hours despite an initial gain. The company lowered its full-year capital expenditure forecast to about $20 billion from over $25 billion, signalin...
