Passion tourism, a concept that revolves around people’s passions and interests, is gaining popularity among Americans. This trend involves traveling overseas to attend events such as concerts, festivals, or sporting events that are of personal interest to individuals. According to travel experts, Americans are increasingly flocking to international destinations to see artists like Taylor Swift,
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The Nasdaq and the S&P 500 reached record highs as an in-line inflation report was released, giving hope for potential interest rate cuts in September. The report indicated that U.S. monthly inflation remained unchanged in May, which was seen as a positive sign following earlier price increases that cast doubt on the Federal Reserve’s monetary
The recent rally of Chewy shares was triggered by a picture posted by Roaring Kitty, also known as Keith Gill, on social media platform X. The image, which resembled the logo of the online pet food retailer, caused the stock to surge by as much as 34% to $39.10. However, these gains were short-lived as
Cisco’s Greater China head, Ming Wong, expressed his optimism about the growing business with Chinese electric car companies as they expand overseas. The electric vehicle (EV) segment is the second-largest for Cisco in the region, generating most of its revenue from manufacturing companies, with electric cars being the largest category. Chinese EV-makers have been increasing
Moody’s credit-rating firm has noted that Japan’s ability to meet its primary budget-balancing target next fiscal year is not a make-or-break situation in terms of their credit rating. Christian de Guzman, the Japan sovereign analyst at Moody’s, emphasized that the target should be seen as a commitment to fiscal reform rather than an absolute benchmark
The recent ruling by the U.S. Supreme Court on the tax imposed on Americans who have investments in certain foreign corporations has raised significant discussions and debates among lawmakers and legal experts. The case involved a retired couple from Redmond, Washington, Charles and Kathleen Moore, challenging the tax on foreign company earnings that have not
Amidst the ongoing conflict in Ukraine, European Union countries have agreed upon a 14th package of sanctions against Russia. This latest set of sanctions includes restrictions on Russian gas, a significant move in response to Russia’s aggression in the region. The newly imposed sanctions include a ban on re-exports of Russian liquefied natural gas (LNG)
Brazil’s President Luiz Inacio Lula da Silva made it clear that he is willing to consider the Finance Minister’s proposals for spending cuts, but he highlighted that any fiscal adjustments should not come at the expense of the poor. Lula emphasized the need to avoid unnecessary spending while facing pressure from investors to reduce expenditures
The recent turmoil in Indonesia’s currency and bond markets following a report suggesting that President-elect Prabowo Subianto planned to increase the country’s public debt to 50% of GDP has been clarified by a senior aide. Thomas Djiwandono has emphasized that there are no such plans in place and that Prabowo will adhere to legal limits
Despite facing opposition from large institutional investors, Tesla CEO Elon Musk’s $56 billion pay package was approved by shareholders. This overwhelming show of support from retail investors solidifies Musk’s leadership within the company and reaffirms their confidence in his vision for Tesla’s future. The annual meeting highlighted Tesla’s recent achievements and plans for autonomous vehicles,
In recent years, the financial technology industry has experienced a significant shift towards a more sustainable and grounded approach. As highlighted by industry executives and investors at the Money20/20 event in Amsterdam, there seems to be a consensus that the sector has reached a “bottom.” The days of reckless venture capital investments in startups with
Apple device users are in for a treat as they will soon have the option to utilize buy now, pay later loans from Affirm for their purchases. Affirm, a fintech company based in San Francisco, announced that it will be available as a payment choice for U.S. Apple Pay users on iPhones and iPads later