Consumers are paying more to pursue hobbies such as arts, crafts and outdoor sports, even as travel costs rise alongside higher airfares.
Darden Restaurants' stock declined after the company reported that same-store sales growth at its Olive Garden chain has slowed in recent quarters.
Chris Kempczinski said he expects elevated inflation and soft customer traffic to continue weighing on the restaurant industry.
McDonald's CEO Chris Kempczinski says he expects continued high inflation and flat customer traffic to keep weighing on the restaurant industry.
A new BBC Business feature examines how people budget for birthday gifts, from lavish purchases to a simple drink at the pub.
Commerce Department data show the strongest monthly retail sales growth in five months, with a key GDP-related measure jumping 1.4%.
Consumers increasingly treat beauty, health and wellness purchases as a single budget category, prompting companies to compete across traditionally separate markets, according to CNBC.
Brian Moynihan said spending and credit data remain healthy, according to CNBC.