More parents than nonparents say they plan to travel to improve their mental and physical health. Peopleimages | Istock | Getty Images Amusement parks and road trips — this is this stuff many family vacations are made of. But a new survey shows parents increasingly want in on a trend that isn’t often aimed … Read more
The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world’s largest economy, but also because oil, a key commodity needed by all economies big and small, is priced in the greenback. Most commodities are also priced and traded in U.S. dollars. But since the Federal … Read more
Unlike their parents and grandparents, Gen Zs are less likely to view travel as a discretionary expense. Getty Image Gen Zs aren’t easing into the travel market — they are exploding into it. Despite their youth and comparatively low income, more than half of American Gen Z adults are frequent travelers, having taken three or … Read more
JetBlue is preparing to cut scores of weekly flights in the New York City area this spring and summer in response to a shortage of air traffic controllers. Last week, the Federal Aviation Administration unveiled a new plan to help avoid a repeat of 2022’s flight disruptions. “We don’t want to pull down flights,” CEO … Read more
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The US dollar, Euro, Japanese Yen, British Pound, and to a lesser extent the Chinese Yuan currently hold the distinction of being an international currency.India has taken a significant step toward achieving this status for the rupee. Expand But what does it mean for a currency to be international and why is India making this … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s David Faber reports that activist investor Nelson Peltz is seeking a seat on Disney’s board of directors. With CNBC’s Melissa Lee and the Fast Money traders, Tim Seymour, Carter Worth, Steve Grasso and Courtney Garcia. 06:57 Wed, Jan 11 20236:13 PM … Read more
The Federal Reserve raised its benchmark interest rate by 50 basis points on Wednesday, which sends small business loans to the double-digits percentage range for the first time in decades. Small business loans are based on the Prime Rate, which will now be 7.5%, the highest since 2007 and pushing most SBA loans to a … Read more
Crypto prices should be viewed more like internet stocks than currency, said Brian Brooks, the former U.S. Acting Comptroller of the Currency during the Trump Administration. The biggest misunderstanding around cryptocurrencies is that if they’re “not doing a great job of replacing the U.S. dollar, then crypto is failing in its mission,” Brooks, now the … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The U.S. dollar is the most powerful currency that exists today. Yet analysts have been warning of the dollar’s impending doom since its rise to prominence in 1971. 10:22 Fri, Apr 8 20228:00 AM EDT Source link