The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
It seems that there is one thing that can unite voters this election cycle: Halloween.
Americans are slated to spend about $8.4 billion this October for costumes, candy and parties, an all-time high since the National Retail Federation first began tracking Halloween spending 11 years ago.
The record high spending isn't a glitch, said Pam Goodfellow, consumer insights director for Prosper Insights & Analytics. In fact, it's right on trend.
"During presidential election cycles, we tend to see spikes in planned Halloween spending as well as intent among adults to dress in costume," she told CNBC. "This has been especially apparent since the Great Recession, so it seems that uncertainty in the economy as well as the political arena create a bigger need for consumers to 'escape' their everyday lives and have a little fun on Halloween for a relatively small financial outlay."
Goodfellow noted that each election year Halloween spending breaks the record set during the previous election cycle.
One factor is the increased likelihood of adults to dress up during an election year.
This year, political costumes are the third most popular costumes for adults over the age of 35, just behind witches and pirates.
Overall, more than 47 percent of adults aged 18 and over who plan to celebrate Halloween will dress in costume, according to Goodfellow. This is almost 10 percent higher than participation in 2015 and is the highest level in the 14-year history of Prosper Insights and Analytics' Halloween survey.
More than 171 million Americans will partake in Halloween festivities this year, spending about $83 each, up from $74 last year, according to the NRF. The previous Halloween spending record was just under $80 in 2012, the last presidential election year.
Despite the notable gains, Halloween spending is about a tenth of what consumers plan to spend during the winter holiday season, Goodfellow said.