FOMO Drives Americans to Spend Most on Dining and Travel

**Streaming services have officially surpassed traditional linear television** in viewership share as of this spring, according to Bank of America data. This milestone represents a **fundamental shift in media consumption patterns**, marking the end of traditional TV's decades-long dominance in the entertainment landscape. Key implications: - Traditional broadcasters face continued pressure to adapt their business models - Streaming platforms now command the majority of viewer attention - Advertising dollars likely to continue migrating from linear TV to streaming services The crossover point had been anticipated for years as cord-cutting accelerated and streaming content quality improved. **This shift reshapes how content creators, advertisers, and media companies approach audience engagement**. Traditional media companies that haven't successfully transitioned to streaming face increasing challenges in maintaining relevance and revenue streams.

**Home purchase cancellations reach unprecedented levels** according to Redfin data, marking a significant shift in the real estate market. This follows earlier trends showing: - Home sales contracts hitting a **12-year low** from April-June - Housing inventory **surging while sales plunge** in major markets like Las Vegas The combination of record cancellations and declining contract activity suggests buyers are increasingly hesitant to complete purchases, potentially due to affordability concerns or market uncertainty. *Market conditions continue to favor sellers with inventory, while buyers face challenging decisions.*

**Big Tech companies have dramatically reduced their hiring of new graduates** following the pandemic. Before COVID-19, fresh graduates represented **15% of Big Tech hires**. That figure has now plummeted to just **7%**, according to FORTUNE reporting. This trend reflects broader challenges in the job market for recent graduates: - Harvard graduates are experiencing extended job searches - 25% of last spring's Harvard grads were still hunting for jobs - This represents an increase from 20% the previous year and 10% in 2022 The data suggests **tech companies are prioritizing experienced workers** over entry-level talent in the current market environment. This shift could have lasting implications for career development pathways in the technology sector.

**Trump announces potential dividend plan** from tariff revenue that could be distributed to American citizens. **Graduate hiring crisis emerges** as the 15 largest companies cut new graduate hiring by over 50% since 2019. Meanwhile, Unusual Whales runs Labor Day promotions offering 15% discounts on their financial tracking tools and portfolio management features. Key developments: - Tariff revenue could fund citizen dividends under Trump proposal - Major corporations drastically reducing entry-level hiring - Financial tools seeing promotional pricing The hiring decline represents a significant shift in corporate recruitment strategies, potentially impacting an entire generation of job seekers entering the workforce.