📊 US Consumer Confidence Plunges

Ryan Serkes
October 29, 2025

Hi everyone, here is your 📊 Daily Trade.

Here's what's happening today:

📉 US consumer confidence hits six-month low

🤖 Nvidia's AI growth faces new challenges

🏦 Barclays acquires Best Egg for $800 million

🎁 US holiday spending expected to be brisk

🤝 US-China near deal on rare earths, tariffs

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📉 US Consumer Confidence Falls as Economic Worries Mount Link

US consumer confidence hit a six-month low in October, driven by concerns over job availability.
The decline highlights economic disparities, with lower-income households feeling the pinch of rising prices.
The Federal Reserve may consider these trends in its upcoming interest rate decisions.

🤖 Nvidia Faces New Challenges Amid AI Market Maturation Link

Nvidia's stock rally has slowed as competition intensifies in the AI sector.
The company's GTC conference in Washington is seen as a critical moment for potential partnerships and policy clarity.
Despite geopolitical challenges, Nvidia's growth story remains strong with significant revenue expansion expected.

🏦 Barclays Expands US Footprint with Best Egg Acquisition Link

Barclays has agreed to acquire Best Egg for $800 million, enhancing its US consumer banking capabilities.
Best Egg's focus on prime borrowers and digital lending complements Barclays' existing credit card business.
The acquisition is expected to be accretive to Barclays' financial performance by 2027.

🎁 US Holiday Spending Set to Boost Retail Sales Link

Americans plan to spend an average of $1,007 on holiday gifts, similar to last year.
Spending intentions vary by income group, with higher-income households planning to spend more.
Stable spending estimates suggest holiday sales may rise by 4% to 5% this year.

🤝 US and China Edge Closer to Trade Agreement Link

The US and China are nearing a deal on rare earths, tariffs, and soybeans ahead of a key summit.
China's leverage over rare earths remains a critical point in negotiations.
Potential relief for American farmers could come as China considers resuming soybean purchases.

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