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Most American adults have cut spending this year, according to a new CNBC-Morning Consult survey, which also revealed that consumers plan to stay frugal through the holidays.

A whopping 92% of adults have cut back on discretionary spending over the past six months, CNBC found after polling 4,403 US adults last week.

Consumers were most skittish when shopping for clothes and dining out at restaurants — 63% and 62%, respectively.

The news site’s poll also showed that consumers at all income levels are feeling pinched by the economy. While labor strikes in Hollywood and Detroit provoke fresh uncertainty, inflation rose a surprisingly stiff 3.7% last month — still well above the Federal Reserve’s 2% target.

Fifty-five percent of lower-income households earning $50,000 or less annually told CNBC that their personal finances are suffering from the state of the US economy, while 61% of middle-income earners bringing in $50,000 to $100,000 are feeling the squeeze.

Even among the highest earners with annual incomes exceeding $100,000, 46% said they’re feeling the impact of the economy on their finances.

More than three-quarters of respondents, 76%, plan to cut back spending on non-essential items over the next six months, during retailers’ all-important holiday shopping season, while 62% said they plan on budgeting “sometimes” or “more often” in the upcoming months, CNBC found.

Meanwhile, 56% of surveyed respondents said they were spending less on entertainment outside the house despite reports of recent summer splurges on blockbuster movies and concert tours, namely Taylor Swifts sought-after Eras Tour, which is on track to amass a record-breaking $1 billion in sales, making it the highest-grossing tour ever.

Groceries saw the next-biggest budget reduction, with 54% of respondents saying they’re spending less at the supermarket, according to CNBC.

The results came just one week after the Bureau of Labor Statistics’ closely-watched Consumer Price Index showed that food prices rose 0.2% for the third consecutive month in August as the index for meats, poultry, fish, and eggs advanced 0.8%.

The index for pork edged 2.2% higher.

CNBC’s survey also showed that 53% of respondents will be cutting back on recreational travel spend, while 50% won’t be quick to splash out on electronics — a figure that could spell bad news for Apple, which is set to drop its “industry first” iPhone 15 on Sept. 22 for up to $899 depending on storage capacity.

The latest inflation numbers represent a stark slowdown from last summer when inflation hit a four-decade peak at 9.1%.

Still, it remains well above the Feds 2% goal and marks an acceleration from the previous two months.

In June, inflation bottomed out at 3%, and rose to 3.2% in July.

As Wall Street expected, rising gasoline costs were the main culprit of Augusts advance, ticking 10.6% higher last month and accounting for over half of the increase, the data showed.

As of Tuesday, the national average of a gallon of gas stood at $3.88, rising some eight cents in the span of a week, according to the American Automobile Association.

The most eye-watering prices were seen in some parts of California, where gas is running residents more than $6 in some parts of LA and as much as $7 in other parts of the state.

At this time last year, a gallon of gas was 18 cents cheaper nationally, AAA said.

And to make matters worse, relief doesnt appear to be on the horizon, at least not in the short term.

Chevron CEO Mike Wirth predicted that oil prices would get close to $100 a barrel.

Supply is tightening, inventories are drawing the trends would suggest, we are certainly on our way, we are getting close (to $100/bbl), Wirth, who heads the nations second largest energy producer, told Bloomberg TV on Monday.

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Ohtani hits 53rd HR to tie Schwarber for NL lead

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Ohtani hits 53rd HR to tie Schwarber for NL lead

Shohei Ohtani launched his 53rd home run to tie for the National League lead as the Los Angeles Dodgers erased an early four-run deficit Saturday night in a 7-5 victory over the San Francisco Giants.

Ohtani pulled even with Philadelphia Phillies slugger Kyle Schwarber when the Japanese star connected for a 403-foot shot to left field in the sixth inning. It was Ohtani’s 29th homer at Dodger Stadium this season, a franchise record. He topped his own mark of 28 last year, when he finished with a career-high 54 on the way to winning his third MVP award and first in the National League.

“I think that the home run title will be great. But I think it’s just a byproduct of taking good at-bats, and he’s playing to win,” Roberts said. “If there’s a walk that’s needed and they’re not pitching to him, he’s taking his walks. And if they make a mistake, he’s making them pay.”

Ohtani also scored his career-high 140th run of the season.

Another remarkable season by the two-way star had the rest of his clubhouse touting the case for a third straight MVP award.

“I haven’t looked up any deep numbers or anything like that, but I think [the MVP is] Shohei,” said starter Tyler Glasnow, who rebounded from a four-run first inning with four scoreless innings to get the win. “He pitches and hits. I think it’s obviously Shohei, in my mind.”

Max Muncy‘s two-run homer in the first inning pulled Los Angeles to 4-2. Michael Conforto also went deep and Tommy Edman hit a tiebreaking shot for the playoff-bound Dodgers, who won their fourth straight and lead the NL West by four games over the San Diego Padres with seven to play.

The Giants stayed four games behind the New York Mets for the last NL wild card, with the Cincinnati Reds and Arizona Diamondbacks also ahead of the Giants.

Jack Dreyer pitched a perfect ninth for his fourth save.

The Associated Press contributed to this report.

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What recognising a Palestinian state actually means

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What recognising a Palestinian state actually means

The UK is planning to recognise Palestine as a state in a major shift in policy.

The announcement – expected today – comes ahead of the United Nations (UN) General Assembly in New York next week.

While Sir Keir Starmer signalled the move in July, it was not made official before Donald Trump’s state visit to the UK, reportedly due to fears it could have dominated the meeting with the US president.

Here is what you need to know about the significance of recognising a Palestinian state.

What is the current status of Palestinian statehood?

The Palestinian Authority (PA), led by President Mahmoud Abbas, is internationally recognised as representing the Palestinian people.

The governing body exercises limited self-rule in parts of the Israeli-occupied West Bank under agreements with Israel. It issues Palestinian passports and runs the Palestinian health and education systems.

However, some trade, investment, educational and cultural exchanges are restricted by Israel and there are currently no Palestinian airports.

The landlocked West Bank can only be reached through Israel or through the Israeli-controlled border with Jordan. Israel also controls all access to the Gaza Strip.

Much of what would form a potential Palestinian state has been under Israeli military occupation for more than half a century.

A map showing Israel and the occupied Palestinian territories
Image:
A map showing Israel and the occupied Palestinian territories

Under the Montevideo Convention of 1933, there are several criteria before Palestine can be recognised as a sovereign state under international law.

The process requires the state to have:
• A permanent population;
• A defined territory;
• An effective government and international relations;
• Formal diplomatic processes including embassies, ambassadors and treaties.

The UK did not sign the 1933 convention, but in July some of Britain’s top lawyers wrote a letter to the government’s top legal adviser warning that recognising a Palestinian state could breach the convention, which they said has become part of “customary law”.

But others, including Philippe Sands KC, a professor of law at University College London, argued against this. He told The Guardian that the UN’s top court, the International Court of Justice (ICJ), has recognised that Palestinians have a right to “self-determination” – meaning a country determines its own statehood and forms its own government.

Is the move just symbolic?

The likes of China, India, Russia and many Arab states have recognised Palestinian independence for decades, but largely see it as a symbolic gesture, which has little influence on what happens on the ground.

However, in the UK’s case, recognising a Palestinian state could put the two on “equal footing” according to the Palestinian ambassador to the United Kingdom, Husam Zomlot.

This could result in strategic partnerships or lead to steps such as banning products that come from Israeli settlements in occupied Palestinian territories, Vincent Fean, a former British consul general to Jerusalem, told Reuters.

French President Emmanuel Macron, who was the first leader of a G7 country to endorse recognition, said the recognition would also come with a commitment that the PA would enact reforms, which, he says, would put it in a better position to govern a post-war Gaza.

Naima Abu Ful holds her malnourished 2-year-old child, Yazan in Gaza. Pic: AP
Image:
Naima Abu Ful holds her malnourished 2-year-old child, Yazan in Gaza. Pic: AP

Why is the UK acting now?

Sir Keir Starmer said in July that the time to recognise Palestine is now, as it would have the highest impact given the hope of a two-state solution – a “secure” Israel alongside a “viable” Palestinian state – was at risk.

He said it was part of an “eight-part plan” agreed with France and Germany, but denied it represented a U-turn after pressure from Labour MPs, saying instead it was always part of the plan to recognise Palestine.

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From July: Starmer reveals plan to recognise Palestine as state

Pressure has also been mounting on Sir Keir after Israel began a major ground offensive to take Gaza City on 16 September.

Despite widespread condemnation, Israeli tanks and troops have continued to push deeper into the city in a bid to destroy Hamas and force the release of the remaining Israeli hostages.

Foreign Secretary Yvette Cooper called the operation “utterly reckless and appalling”.

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Tanks roll into Gaza as ‘appalling’ Israeli offensive begins

The UK’s official declaration comes days before the annual gathering of world leaders at the UN General Assembly, where Gaza will be a major topic of discussion.

Israeli Prime Minister Benjamin Netanyahu is expected to talk at the assembly, but Mr Abbas has not been granted a US visa. It is likely he will instead appear via video.

What countries do (and do not) recognise Palestine?

As of September 2025, 147 out of 193 United Nations member states recognise Palestine. This includes more than a dozen in Europe, including Spain, Ireland and Norway.

Click, zoom in or search for a country to see their stance on recognising a Palestinian state:

Recognition from countries vs the United Nations

Without a full seat at the UN, the PA only has limited ability to conduct bilateral relations. This means a delegation officially representing the State of Palestine has permanent observer status but no voting rights.

Mahmoud Abbas, president of the Palestinian Authority, at last year's UN General Assembly. Pic AP
Image:
Mahmoud Abbas, president of the Palestinian Authority, at last year’s UN General Assembly. Pic AP

No matter how many individual countries recognise Palestinian independence, full UN membership requires the approval of the Security Council.

Approval requires at least nine votes in favour and no vetoes by the permanent ‘big five’ member states: UK, US, France, Russia and China.

If the Council approves the request, it goes to the General Assembly for approval, where a two-thirds majority is needed.

Palestinians gather to receive food from a charity kitchen. Pic: Reuters
Image:
Palestinians gather to receive food from a charity kitchen. Pic: Reuters

A state can’t join the UN without the backing of both the Security Council and the General Assembly.

In 2011, the Security Council looked at an application for Palestine to become a permanent member for several weeks but it was unable to reach a unanimous position, so a formal vote never took place.

Most recently, on 18 September, the US vetoed a Security Council resolution that had demanded an immediate and permanent ceasefire in Gaza and the release of all hostages, saying the effort did not go far enough in condemning Hamas.

How have Palestinians and the Israelis responded?

When the UK, France and Canada announced in July they were planning to recognise Palestine as a state, the PA’s leader Mr Abbas expressed “thanks and appreciation” to all three countries.

Mr Netanyahu condemned the move, saying recognising a Palestinian state would be a “launch pad to annihilate Israel – not to live in peace beside it”.

He says Israel will never give up ultimate security control of Gaza or the West Bank, and the decision to recognise Palestine as a state “constitutes a reward for Hamas and harms efforts to achieve a ceasefire in Gaza and a framework for the release of hostages”.

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Is Israel committing genocide?

What about America?

The US, Israel’s closest ally, also remains opposed to official recognition of a Palestinian state.

During a press conference with Sir Keir in the UK on 18 September, Mr Trump told reporters he has a “disagreement” with his British counterpart over it.

In reaction to European allies recognising Palestinian independence, the US has imposed sanctions on Palestinian officials.

Starmer and Trump at a joint press conference. Pic: AP
Image:
Starmer and Trump at a joint press conference. Pic: AP

Within the US Senate, however, a group of Democratic senators have introduced a resolution to try and urge recognition of a Palestinian state – showing some divide in America’s two main political parties.

However, the resolution is unlikely to pass the chamber, where Republicans have a 53-47 majority.

How does this all link to a two-state solution?

Simply put, a two-state solution is widely regarded as the most viable framework for enabling Palestinian independence.

It would see an independent Palestinian state established alongside the existing state of Israel – giving both peoples their own territory.

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The two-state solution explained

Earlier in September, the UN General Assembly voted overwhelmingly – 142 votes in favour – to endorse a declaration outlining the “tangible, time bound, and irreversible steps” towards a two-state solution.

The declaration condemns the October 7 attacks by Hamas and the retaliatory action by Israel against civilians and infrastructure in Gaza. Israel and the US were among 10 member states that voted against the resolution.

The Palestinians seek an independent state in the occupied West Bank, annexed East Jerusalem and Gaza, territories that have been occupied by Israel since the 1967 Six-Day War.

Mr Netanyahu and most of Israel’s political class have long been opposed to Palestinian statehood, and argue that it would reward militants after October 7.

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One of the biggest obstacles to a two-state solution would be deciding what the borders of a potential Palestinian state would be.

Many believe they should be the same ones that existed before 1967, but since then, increasing numbers of Israeli settlements have been established inside the West Bank, with around 600,000 Israelis now living there and in occupied East Jerusalem.

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Charlie Kirk ally claims ‘miracle’ stopped bullet killing anyone else

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Charlie Kirk ally claims 'miracle' stopped bullet killing anyone else

The producer of Charlie Kirk’s podcast has claimed that a “miracle” stopped more people being killed by the bullet that hit the right-wing influencer.

Andrew Kolvet claimed to have spoken to a surgeon that tried to save Mr Kirk’s life, and posted on social media to discuss the apparent lack of an exit wound.

A prominent right-wing figure in the US, Mr Kirk was a staunch ally of President Donald Trump and was known for his conservative viewpoints on abortion, religion and LGBT issues.

The 31-year-old was shot dead while speaking at a university event in Utah last week.

Mr Trump and other public figures are expected to be in Arizona on Sunday for a memorial service for Mr Kirk which is expected to draw 100,000 people.

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Prosecutors detail case against Charlie Kirk’s alleged killer

Mr Kolvet, executive producer of the Charlie Kirk Show, apologised for the “somewhat graphic” nature of his post on X.

In it, he discussed what he said was a lack of an exit wound from the bullet, despite it being “a high powered, high velocity round”.

Mr Kolvet included what he said were quotes from a surgeon who operated on Mr Kirk.

“It was an absolute miracle that someone else didn’t get killed,” Mr Kolvet quoted the surgeon as saying.

“His bone was so healthy and the density was so so impressive that he’s like the man of steel. It should have just gone through and through. It likely would have killed those standing behind him too.”

Mr Kolvet said what happened was “remarkable” and “miraculous”.

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Crowds chant at Charlie Kirk vigil at Texas university

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Charlie Kirk memorial to be held in Arizona stadium
Analysis: Trump’s creeping control over TV

Memorial to draw 100,000 people

President Trump and JD Vance are expected to be among the prominent MAGA members who will pay tribute to Mr Kirk at the memorial event.

It will take place at State Farm Stadium, the home of the Arizona Cardinals NFL team, amid a heavy law enforcement presence.

State Farm Stadium in Arizona. Pic: Reuters
Image:
State Farm Stadium in Arizona. Pic: Reuters

President Trump has blamed the “radical left” for the death of Mr Kirk, whom he credited for helping him win the 2024 presidential election.

It comes as the death of Mr Kirk has turned into a debate over the First Amendment.

While they have repeatedly criticised what they claim are assaults on free speech, members of the MAGA movement appear to be taking a different stance when the subject is one of their own, launching attacks on people they deem to be making disparaging comments about Mr Kirk.

Dozens of people, from journalists to teachers, have already lost their jobs for allegedly making offensive comments about the podcaster.

Late-night chat show host Jimmy Kimmel was pulled from the air indefinitely by ABC following a backlash from the Trump-appointed head of the Federal Communications Commission over the comedian’s remarks about Mr Kirk.

The State Department also has warned it would revoke the visas of any foreigners who celebrated his assassination.

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