Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Microsoft beat on top and bottom lines but Azure growth slowed.Technologyread more
House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
CrowdStrike reports first earnings report since IPO.Technologyread more
Some blamed private equity for the rash of retail bankruptcies over the past few years, including those of Payless ShoeSource, Sports Authority and Toys R Us. Toys R Us, in...Retailread more
Stocks rose after comments from a top Fed official led to bets that the central bank will ease monetary policy more aggressively.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.