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1. US consumer confidence dips to lowest since April
According to the Conference Board's Consumer Confidence Index for November survey released Tuesday, Americans are feeling the least confident since April.
CNBC reported confidence slumped to 88.7, a drop of 6.8 points from the prior month. Economists surveyed by Dow Jones were expecting a reading of 93.2.
“Consumers were notably more pessimistic about business conditions six months from now,” said Dana Peterson, the board’s chief economist. “Mid-2026 expectations for labor market conditions remained decidedly negative, and expectations for increased household incomes shrunk dramatically, after six months of strongly positive readings.”
2. UK economic forecast decreased following budget release
Following the release of the country's latest budget, the U.K. is expected to grow at a slower rate next year compared to what was previously predicted.
The Office for Budget Responsibility "increased its growth expectations for this year, but downgraded its forecast for the following four," according to the BBC.
The new forecast predicts the economy will grow by 1.5% this year, higher than its previous forecast of 1%, but growth for 2026 was lowered to 1.4%. The following four years are expected to each grow 1.5% annually.
The report also indicates that income tax thresholds will be frozen until the end of the 2030-31 financial year.
3. Hotel investment in Japan continues to grow
Japan's current exchange rates have continued to make the country appealing to travelers, and the hotel industry has seen increased opportunities thanks to the boon in international inbound travel.
On the latest episode of the CoStar News Hotels podcast, Steve Carroll, head of hotels and hospitality in Asia Pacific for CBRE, explained how the country's long-term availability of inexpensive debt is another reason Japan has continued to thrive.
"Our No. 1 market is Japan," he said. "Both onshore investors and offshore investors are continuing to pour into Japan."
4. Pace of layoffs in US increases
Layoffs in the U.S. have picked up, according to a report from payrolls processing firm ADP that found that private companies lost an average of 13,500 jobs a week over the past four weeks. CNBC reports that's an acceleration from the 2,500 jobs a week lost in the previous update a week ago.
ADP's report has become more helpful in assessing the country's economic status since the government shutdown has delayed data releases.
"Policymakers at the Federal Reserve won’t have much of the usual data they use to make forecasts when they meet again Dec. 9-10," reads the article. "However, in recent days, several officials have advocated for additional interest rate cuts, causing the market to recalibrate expectations to now expecting a reduction at next month’s meeting."
5. Las Vegas resort to get facelift ahead of 80th anniversary
The Flamingo Las Vegas turns 80 years old next year, and the center-Strip resort will get a redesigned lobby and revamped Bugsy’s Bar to celebrate, parent company Caesars Entertainment unveiled in a news release.
The redesign follows other recent additions to the resort, including the recently opened Pinky’s by Vanderpump, Gordon Ramsay Burger, Havana 1957 and Go Pool. The resort will open Salt & Straw ice cream shop and Category 10, an entertainment experience by Opry Entertainment Group, next year.
“We’re introducing fresh designs that complement the recent additions to the property, creating spaces that feel modern yet unmistakably Flamingo,” said Dan Walsh, senior vice president and general manager of the resort. “The resort has always been an icon on The Strip, and these renovations ensure it remains a vibrant, must-visit destination for years to come."