Economy
Gas prices aren’t just causing headaches at the pump — they’re also worsening a growing economic divide. Loading audio narration… A new report from the Federal Reserve Bank of New York finds that spending on gas mirrors — and deepens — the chasm between America’s higher and lower earners. While…
Hilton’s CEO said America’s K-shaped economy is converging as lower-income consumers are spending more. Loading audio narration… During a Tuesday earnings call, CEO Christopher Nassetta said that he expects “improving performance in the lower and mid-chain scales” in the rest of the year.He said sales growth would continue to “move…
It’s Jerome Powell’s curtain call. Loading audio narration… The Federal Reserve chair’s term is set to end on May 15 after eight years leading the central bank, making this week’s Fed meeting his last in the post. Trump nominee Kevin Warsh is likely to be greenlit by the Senate as…
Nara Smith’s content will soon be coming to a bookstore near you. Loading audio narration… The debut cookbook by the “tradwife” influencer, known for cooking elaborate food from scratch on TikTok while wearing couture and speaking in dulcet tones, is due to be released October 13 by HarperCollins.The 24-year-old mom…
The future of airline economy comfort looks a lot like a hostel dorm — but much more expensive.Air New Zealand on Tuesday unveiled a one-of-a-kind sleeping option called the “Skynest” that will let economy and premium economy passengers pay extra to sleep in bunk beds on its longest flights.It offers…
Americans are feeling despondent about gas. Loading audio narration… It’s a dour time for consumers — in April, the University of Michigan’s Consumer Sentiment Index, which surveys consumers on how they feel about current and future economic conditions, hit an all-time low.It turns out that one small (or not-so-small) number…
Mickey Lyons is holding off on booking her next vacation — at least until prices drop. Loading audio narration… “I can’t believe I’m saying this,” the 53-year-old Detroit resident said. “But I’m considering driving across the border to Windsor, Ontario, and taking a 12-hour train ride to Montreal rather than…
I recently received a letter from my health insurance. They said they had sent me a $50 (paper) check and noticed I never cashed it. Had I not received it? I was excited. I had not received my check! How nice of them to make sure I’d get the money…
