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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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Zelenskyy says he would give up presidency in return for peace and NATO membership for Ukraine

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Zelenskyy says he would give up presidency in return for peace and NATO membership for Ukraine

Ukraine’s president has said he would step down in return for peace and NATO membership for his country.

“If (it means) peace for Ukraine, if you really need me to leave my post, I am ready,” Volodymyr Zelenskyy said at a news conference.

“I can exchange this for NATO [membership], if that condition is there, immediately,” he added.

Donald Trump has previously said Ukraine is unlikely to become a NATO ally and membership is a red line for Russia.

Mr Zelenskyy’s comment appeared to be a response to Mr Trump recently calling him a “dictator” as Ukraine hadn’t held fresh elections – despite laws prohibiting it during wartime

During a wide-ranging conference in Kyiv, Mr Zelenskyy also said talks on a minerals deal with the US were moving forward, adding “all is OK”, despite concerns of a stalemate in negotiations.

President Trump said on Saturday a deal was “pretty close” and he was determined to get payback for billions of dollars of aid provided to Ukraine.

Ukraine wants the deal to include robust security guarantees over any future peace settlement with Russia.

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Starmer trip to US vital, Zelenskyy tells Sky News

Mr Zelenskyy also told Sky’s Deborah Hayes that next week’s visits to Washington by Keir Starmer and Emmanuel Macron were vital.

He said Europe had to be “at the table” when a peace deal is negotiated.

“Who will represent Europe – I can’t tell you now exactly,” he said.

“But I think one person will represent the EU. And of course, the UK has to be at the table, if we speak, for example, about security guarantees.”

The prime minister has said he’s prepared to deploy British troops to Ukraine as part of a peacekeeping force.

Rescuers work at a site of a Russian missile strike, amid Russia's attack on Ukraine, in Kryvyi Rih, Ukraine February 23, 2025. Press service of the State Emergency Service of Ukraine in Dnipropetrovsk region/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. WATERMARK FROM SOURCE.
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Mr Zelenskyy said more than 260 drones were fired at Ukraine overnight. Pic: Reuters

The Ukrainian leader was speaking after his country was hit overnight with what he called the biggest drone attack since the war started.

Mr Zelenskyy condemned Russia for the “aerial terror” – a day before the third anniversary of Russia’s full-scale invasion.

“Every day, our people stand against aerial terror,” Mr Zelenskyy wrote on X.

“On the eve of the third anniversary of the full-scale war, Russia launched 267 attack drones against Ukraine – the largest attack since Iranian drones began striking Ukrainian cities and villages.”

A total of 138 of the drones were shot down and another 119 disappeared from radars after being jammed by electronic warfare, Ukraine’s air force said.

Damage was reported across five regions.

Mr Zelenskyy said nearly 1,150 drones, more than 1,400 guided aerial bombs and 35 missiles had been launched at Ukraine in the past week.

He thanked those operating air defences and called on allies to stand united to secure a “just and lasting peace”.

“This is achievable through the unity of all partners – we need the strength of all of Europe, the strength of America, the strength of everyone who seeks lasting peace,” he said.

Read more:
Fact-checking Trump’s claims on Zelenskyy and Ukraine

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Trump calls Zelenskyy a ‘dictator’

It comes amid concerns over Mr Trump’s recent war of words with Mr Zelenskyy and his false claim that Ukraine had started the war.

At a conservative conference on Saturday, Mr Trump – who alarmed Europe and Ukraine by holding a recent call with Vladimir Putin – repeated his optimism that a peace deal is possible under his watch.

“I’ve spoken to President Putin and I think that thing [the war] is going to end,” said Mr Trump.

Ukraine has insisted it won’t accept any peace deal agreed without its participation, after it was excluded from a meeting between US and Russian diplomats in Saudi Arabia.

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Body found in search for missing jogger Jenny Hall

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Body found in search for missing jogger Jenny Hall

A body has been found in the search for 23-year-old runner Jenny Hall. 

She was last seen leaving her home in Barracks Farm, County Durham, in her car just after 3pm on Tuesday.

Police said there are not thought to be any suspicious circumstances after a body was found in a very remote area in Teesdale on Sunday morning, five days after she went missing.

Jenny Hall. Pic: Durham Constabulary
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Jenny Hall went missing on Tuesday. Pic: Durham Constabulary

“We’re sorry to report that officers searching for missing woman Jenny Hall, have sadly found a body,” Durham Constabulary said in a statement.

“Officers carried out an extensive search alongside specialist partners and have been working around-the-clock to locate Jenny after she went missing on February 18.

“The body was found in a very remote area in Teesdale just after 9.30am today.

“Formal identification has yet to take place. Jenny’s family have been notified and are currently being supported by specialist officers. They have asked for privacy at this devasting time.

“It is not believed there are any suspicious circumstances and a file will be prepared for the coroner.”

A major police search was launched after Ms Hall’s disappearance.

Her car, a red Ford Focus, was found on Wednesday parked on the B6278, near remote moorland between Eggleston and Stanhope.

Mountain rescue teams, specialist drones and sniffer dogs had been combing the Hamsterley Forest and the surrounding areas, where there are a number of running trails, this week.

Digital intelligence officers also carried out extensive inquiries into Ms Hall’s mobile phone, smart watch and running apps.

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Fresh amber warning for rain as Met Office issues alerts for much of UK

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Fresh amber warning for rain as Met Office issues alerts for much of UK

A fresh amber weather warning for heavy rain has been issued by the Met Office – with much of the UK already on alert for high winds and showers.

Northern Ireland, Scotland and the UK’s west coast and the Midlands have yellow warnings for wind on Sunday – meaning the possibility of transport delays and short-term power cuts.

There are also rain warnings in place for several parts of western UK.

The new amber warning has been issued for rain in south and central Wales and is in force from 3pm on Sunday to 6am on Monday.

An amber warning means danger to life from floodwater, homes and businesses are likely to be flooded, and there is a chance some communities will be cut off.

Winds across the west of the UK will increase throughout the morning with gusts up to 70mph in exposed areas, the Met Office said.

Zoe Hutin, a meteorologist at the forecaster, said Sunday is expected to be the “worst day” before conditions improve.

“The wind warning itself for the mainland UK ends at 6pm, but we can expect to continue to see quite blustery conditions even into the evening as the mainland rain itself pushes through.”

She added: “By the time people get up on Monday, we’ll still have some of the residual rain from that front in the far south-east of the country, and quite cloudy across England as well.

“But actually elsewhere, it could be a decent start.”

The Met Office’s yellow weather warnings for much of England and Scotland came into force at 6am and are expected to run until 6pm on Sunday.

A separate yellow warning for Northern Ireland came into force at 3am and runs until 3pm.

Rain and high winds are expected across the west of the UK
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Rain and high winds are expected across the west of the UK

Read more from Sky News:
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Starmer asks US to stand by Ukraine

People who have noticed some slightly higher temperatures the last couple of days may be dismayed at the latest predictions.

“Through the week, those temperatures are trending back down,” Ms Hutin said.

“And so it will be getting cooler each day, but they will actually just be recovering to around average for the time of year. So it won’t be cold.

“It will just be returning back to where we would expect to be for this time of February.”

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