Americans Are Cutting Back on Spending. Here's Why That Might Not Matter for SpaceX Investors.
Key takeaways
- Manali Pradhan, CFA, The Motley Fool Thu, July 2, 2026 at 9:55 PM GMT+7 4 min read COST NVDA ADBE Americans are still spending, but they are getting more cautious and looking for deals.
- Meanwhile, Costco Wholesale's (NASDAQ: COST) May sales rose 14.5% year over year to $20.95 billion.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Manali Pradhan, CFA, The Motley Fool Thu, July 2, 2026 at 9:55 PM GMT+7 4 min read COST NVDA ADBE Americans are still spending, but they are getting more cautious and looking for deals. A recent University of Michigan survey showed that Americans expect inflation to be 4.6% over the next year, down slightly from an expectation of 4.8% in May.
On the first day of Amazon's Prime Day event, U.S. online spending rose 5.3% year over year to $8.3 billion across retailers, according to Adobe Analytics, a part of Adobe, which expected the four-day event to drive $26.3 billion in U.S. online spending. Meanwhile, Costco Wholesale's (NASDAQ: COST) May sales rose 14.5% year over year to $20.95 billion. This shows that value-oriented platforms can still win when shoppers are under pressure.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »