Consumer Spending

New York – October 16, 2026 -- Mubadala Capital has completed its acquisition of Clear Channel Outdoor Holdings, a transaction valued at approximately $6.2 billion, after receiving all applicable regulatory approvals and the approval of Clear Channel stockholders.

AT&T sells Mexico unit to Grupo Televisa and Fintech Holdings

AT&T agreed to sell AT&T Mexico to Grupo Televisa and Fintech Holdings. The company said the sale sharpens its focus and capital allocation on building the strongest network in the United States through continued fiber and 5G investment.

Workday to buy C1.ai to manage identity for people and AI agents

Workday agreed to acquire C1.ai, an agentic identity platform. Workday said the deal will let it give every person and AI agent the right access from the day they join to the day they leave.

Burlington, N.J. – October 12, 2026 -- Eighty percent of U.S. adults expect to spend the same amount or more on holiday shopping this year than last, even as 58% of those respondents worry about exceeding their budgets, according to a Wakefield Research survey commissioned by off-price retailer Burlington Stores.

Budget anxiety peaks among parents and Gen Z parents

Concern about overspending rises to 69% among parents and 77% among Gen Z parents. The Gen Z parent subgroup totals 100 respondents, with a margin of error of plus or minus 9.8 percentage points.

Burlington says shoppers plan to stretch budgets through "dupe" products and in-person shopping.

Deal hunting turns a smaller budget into motivation for 58% of Americans

For 58% of respondents, shopping on a smaller holiday budget is exciting because of the hunt for the best deals. Another 87% say getting a great deal is more satisfying than owning a luxury item.