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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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Gretzky celebrates Stars, coy on series vs. Oilers

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Gretzky celebrates Stars, coy on series vs. Oilers

DALLAS — Wayne Gretzky was in the Dallas Stars locker room congratulating them after they advanced to their third consecutive Western Conference final, where they will face the franchise with which “The Great One” was a four-time Stanley Cup champion.

“He said we’re going up against a pretty good team now,” Stars captain Jamie Benn said Tuesday, the day before hosting Game 1 against Edmonton. “And I had to ask him who he was cheering for. It felt right, and he didn’t answer, obviously.”

Benn said it was “pretty cool” that Gretzky visited the Stars after their 2-1 overtime win Saturday night over Winnipeg that set up a West final rematch against the Oilers.

Edmonton won the West final over the Stars in six games last year, then lost to Florida in a seven-game Stanley Cup Final.

“What a great honor to have the greatest player of all time come down after the game and say hello,” Stars coach Pete DeBoer said.

Gretzky told the Stars he had so much fun watching them play, and that they were now going to play “one of the greatest teams ever.”

DeBoer was on the coaching staff for Canada for the team’s 4 Nations Face-Off title earlier this year and during that period got to spend some time with Gretzky.

“Extra special. That’s my era. That’s the guy we all grew up watching,” DeBoer said. “He’s a special guy when you get him 1-on-1 or in a coach’s room or behind the scenes. You can see his passion for the game. He can sit and talk hockey and tell stories all night.”

Gretzky was part of four Stanley Cup titles in a five-season span in the 1980s with Edmonton. He was the NHL career-leading goal scorer with 894 goals until Alex Ovechkin passed him on April 6 but still has the most points (2,857) and assists (1,963).

So when meeting the Stars and DeBoer, did Gretzky say anything that would create headlines in Edmonton, such as saying he was hoping Dallas would win?

“He didn’t. He would never say that and I would never put him in that spot,” DeBoer said. “He was very respectful of our group and the job we’d done to that point. I think we all understand his allegiance to Edmonton and appreciate that, so he never went beyond that.”

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Marner unsure of Leafs’ future; Tavares content

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Marner unsure of Leafs' future; Tavares content

TORONTO — Mitch Marner might have played his final game with the Maple Leafs. Toronto’s top winger will be an unrestricted free agent on July 1 and has dodged speculation all season about when — or if — he would sign an extension with the club. During the Leafs’ season-ending media availability Tuesday following their Game 7 loss to Florida in a second-round Eastern Conference playoff series on Sunday, Marner was asked directly whether he wants to be a Leaf year. He remained noncommittal about staying put.

“I’ve always loved my time here, Ioved being here. I’ve been so grateful,” Marner said. “I haven’t processed anything yet. It’s still so fresh. Losing sucks.”

Marner, 28, has played his entire nine-year career with Toronto after the Leafs drafted him fourth overall in 2015. A native of the Toronto area, Marner has often spoke glowingly of getting to represent his childhood team. He’s done so by emerging as one of the league’s best playmaking forwards, hitting a career-high 102 points in the 2024-25 campaign to sit fifth in NHL scoring. Throughout the year though he and the Leafs didn’t come together on a new deal, and Toronto asked Marner to waive his no-trade clause so it could potentially facilitate a move prior to the March trade deadline. Marner ultimately refused and stayed on to be arguably the Leafs’ regular-season MVP.

But Marner wasn’t the difference-maker Toronto needed in the playoffs when it was being run off by a punishing Panthers team. Toronto held a 2-0 series lead over Florida in the second-round bout before the Panthers rebounded to win the next three, including an embarrassing 6-1 drubbing of the Leafs at home in Game 5. Toronto recovered with a Game 6 victory on the road but was again trounced at home, 6-1, in Game 7 to see its season end on the lowest of notes. Marner had just three assists in the final five games against Florida and was minus-four.

It was another disappointing end for Toronto and for Marner. The Leafs are now 0-6 in Game 7s during Marner’s tenure with the team, and he has notched just two assists in those outings.

Postseason struggles aside, Marner’s consistency as a regular-season performer leaves little doubt he’d have suitors on the open market. Marner’s lack of an answer about staying — or not — in Toronto only made the possibility he pursues that option more likely.

“It’s tough to process at this moment. It’s so fresh,” he said. “It’s 24 hours [from] our season ending. I haven’t thought about anything. I haven’t sat down with my wife. I haven’t talked to her about [the] future, next steps, and that will be in the next couple of weeks we’ll do that. We’ll start figuring stuff out. But I’m forever grateful, especially with this group.”

Marner sounded almost wistful in looking back on his seasons with the Leafs in the wake of another playoff defeat.

“It’s been amazing,” he said. “It’s been ups and downs, obviously. You want to win every year, you really do. You feel the love and the passion in the city, and you’re forever grateful for that. It’s one of the best cities to live in in the world, and I’ve been forever grateful to not just grow up here, but be able to wear this maple leaf and be a part of the history and this team.”

While Marner might be out the door, John Tavares isn’t eager to follow him. The Leafs veteran is also a pending unrestricted free agent, but he’s made clear his desire to be back in Toronto next season. Tavares said Tuesday he had “productive” talks with GM Brad Treliving and coach Craig Berube, and while several factors would play into a new contract, it was a top priority for Tavares to find common ground with the Leafs.

“If you want to make something work, you do everything you can to try to find what works on both sides,” he said. “What’s fair for myself and my family and for the team and the club. I’ve expressed my desire to stay and wanting to make it work.”

Berube made his feelings known, too. He said he doesn’t get into personnel signing decision with Treliving but when it comes to whether he wants to coach Marner and Tavares again?

“100%,” Berube said.

If Sunday’s trampling was Marner’s last time suiting up with the Leafs, he’ll leave behind a legacy that includes being the fastest skaters in franchise history to hit 700 points (in 629 games) and is one of only four Leafs to ever hit the 100-point mark (joining Darryl Sittler, Doug Gilmour and Auston Matthews).

It’s been Matthews beside Marner for much of their collective time in Toronto, which began in the 2016-17 season. The two have been frequent linemates over the nine-year span while forging a personal and professional bond Matthews will cherish regardless of where Marner lands.

“He’s a brother,” Matthews said. “He’s such a good teammate, friend. We’re extremely close. He’s extremely close with a lot of guys on the team, and he’s a big, big part of our team, and has been a big part of our team. Unfortunately, that’s the nature of the business. People come and go. He has the right to make his own decision, but obviously we all love him very much. He’s an amazing person, amazing teammate.”

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Canes’ Morrow makes playoff debut; Chatfield out

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Canes' Morrow makes playoff debut; Chatfield out

RALEIGH, N.C. — Carolina Hurricanes defenseman Jalen Chatfield was out for Game 1 of their Eastern Conference finals series against the Florida Panthers, opening the door for 22-year-old Scott Morrow to make his postseason debut.

Chatfield missed Game 5 against the Washington Capitals in the previous round with an undisclosed injury. He skated on Tuesday in Raleigh ahead of Game 1 but was eventually ruled out.

With Chatfield out, Morrow got the call. He’s in his second NHL season, having played two games in 2023-24 and 14 this season, with six points and 15:48 in average ice time. Morrow has been considered one of the best defensive prospects in the Hurricanes’ system since they selected him 40th overall in the 2021 NHL draft. He spent three seasons with UMass before turning pro in 2024.

Morrow had 39 points in 52 games for the AHL Chicago Wolves this season.

He’s a right-handed defenseman like Chatfield, while Alexander Nikishin shoots left-handed. Coach Rod Brind’Amour said that would be a factor in his decision to play Morrow.

“He’s been around a little longer, knows our system a little better than I think Nicky does,” said Brind’Amour of Morrow. “He played well when he came up. I think he’s earned the right to have a shot, so we’ll see.”

The Hurricanes hosted Game 1 of the conference finals at 8 p.m. ET on Tuesday night. It’s a rematch of the 2023 conference finals that saw the Panthers eliminate Carolina in four games. Game 1 of that series, also held in Raleigh, was a four-overtime classic that ended with a Matthew Tkachuk goal just 13 seconds before a fifth extra session.

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