All articles tagged with #us spending
Ray Dalio warns that the US is running out of interest in buying its debt and cannot cut back on spending, raising concerns about its fiscal sustainability amid rising national debt and political challenges.
Luxury jewelry sales in the U.S. are outperforming other categories like leather goods and handbags, with jewelry spending increasing 10.1% year over year in May, driven by its perception as an investment and sentimental item, despite overall luxury spending declining. High-end jewelry brands are seeing increased spending per customer, even as some lost customers, and gold price rises support jewelry purchases. Meanwhile, handbag and watch categories face challenges, with prices rising significantly and mixed sales results, amid broader economic uncertainties and geopolitical tensions.
Congressional leaders have reached a bipartisan agreement on a $1.66 trillion deal for US spending, averting a feared government shutdown.