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
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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
As high inflation slowly begins to subside, many Americans continue to face the challenge of elevated prices at the grocery store. The impact of this trend, highlighted by Sen. Elizabeth Warren, has left shoppers frustrated by the rising costs of staples like chicken, bread, and cereal. These price hikes coupled with the phenomenon of shrinkflation,
The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, over alleged antitrust violations. This legal action stems from a DOJ investigation that began in 2022, focusing on whether Live Nation holds a monopoly within the ticketing industry. The probe was initiated after fan
The S&P 500 recently reached a new record close, with a remarkable 53% increase since the peak of inflation in 2022. Experts at the CNBC Financial Advisor Summit highlighted the positive outlook for equities, with Savita Subramanian from Bank of America expressing a strong confidence in the market. Despite concerns such as wealth inequality and
Family offices, which manage the wealth of high net worth individuals, are increasingly becoming targets for cybercriminals. A recent survey conducted by Dentons revealed that 79% of North American family offices believe that the likelihood of a cyberattack has significantly increased in recent years. With only a quarter of family offices reporting that they have
In the past year, media giants faced challenges in wooing advertisers during the Upfronts meeting week. Due to a Hollywood strike and cost-cutting measures affecting their content and star power, companies like Disney and Warner Bros. Discovery had to pivot towards emphasizing sports over scripted shows. This shift was particularly evident in this year’s presentations,
Netflix’s recent announcement revealed that its cheaper, ad-supported tier has seen significant growth in global monthly active users. The streaming service reported that the number of users has jumped to 40 million, nearly double the figure shared just a few months ago. This surge in users showcases the appeal of a more affordable option for
The recent surge in the shares of AMC Entertainment and GameStop has once again captured the attention of investors and the general public alike. This new rally, fueled by social media, has reignited the phenomenon of “meme stocks.” The resurgence of these stocks can be attributed to a social media account known as “Roaring Kitty,”
As new college graduates step into the job market, they are faced with a slightly less promising outlook compared to last year. Reports from the National Association of Colleges and Employers show that employers are planning to hire approximately 5.8% fewer graduates from this year’s class compared to the previous year. Industries like chemical manufacturing,