In light of the COVID-19 pandemic and its subsequent impact on travel, Chinese high-income households are now showing a preference for domestic travel over international destinations. A recent survey by consulting firm Oliver Wyman revealed that only 14% of families earning at least 30,000 yuan a month in mainland China, who traveled internationally last year,
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When Starbucks and its baristas union resume contract bargaining this week, workers may have renewed momentum at their backs. This comes at a critical time for the coffee giant, as it recently reported a challenging quarter with a 3% decrease in U.S. same-store sales and a 7% drop in traffic. As a response, the company
Porsche recently introduced the first-ever production hybrid version of its renowned 911 sports car – the 2025 911 Carrera GTS. This new model comes with a starting price of $164,900, marking a significant shift in the direction of the iconic German sports car. With the automotive industry’s increasing emphasis on electrified vehicles and stricter fuel
As buy now, pay later programs become more common, some shoppers are using this payment structure to make ends meet. Americans owe $17.5 trillion across credit cards, mortgages, auto loans and other forms of debt, according to the Federal Reserve Bank of New York. About $1.12 trillion of that is on credit cards. Buy now,
In the latest Mad Max film by George Miller, “Furiosa,” audiences are treated to an immersive experience that goes beyond traditional cinema viewing. With the integration of 4DX technology, viewers are not just passive observers but active participants in the on-screen action. The use of motion seats, practical effects, and sensory elements creates a multi-sensory
In a strategic move to boost its international presence, AliExpress has recently announced that soccer legend David Beckham will be joining forces with the e-commerce platform as its global brand ambassador. This partnership marks a significant step for AliExpress in expanding its reach on a global scale. The deal comes at a crucial time when
In recent years, there has been a shift in the way consumers make payments. While cash was once the preferred method of payment, more people are now using credit cards for their transactions. According to the Federal Reserve, cash payments have decreased from 31% in 2016 to 18% in 2022, while credit card transactions have
One of the top recommended stocks by Wall Street analysts is Monday.com (MNDY). This workplace management software maker has recently impressed investors with its upbeat first-quarter results. The strong demand for its products across all end markets has driven this positive sentiment. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Monday.com stock post
Travel enthusiast Lora Bowler, like many others, is reevaluating her vacation spending. Despite her love for luxurious getaways, she has realized the need to cut back on expenses, especially after overspending in 2023. Embracing the concept of travel hacks and benefits, Bowler has turned to hotel day passes as a more affordable option for pampering
The rapid expansion of private credit in recent years has sparked numerous concerns within the financial industry. One of the most prominent worries is the lack of experience the industry has in handling downturns. Unlike traditional banks, private credit firms have not yet faced a significant crisis on a large scale. This raises the pressing