In this article BKNG A sharp uptick in inflation has so far not caused a slowdown in demand for travel in the spring and summer months, Booking Holdings CEO Glenn Fogel told CNBC on Thursday. “Not yet. Not yet,” said Fogel, whose company offers online travel services, including flight booking. He cited the Covid pandemic’s disruptions to
Month: March 2022
A Now Hiring sign is displayed at a restaurant in Arlington, Virginia, on March 16, 2022. Stefani Reynolds | Afp | Getty Images The pandemic-era trend known as the “Great Resignation” remains a prominent feature of the labor market, as favorable conditions lead workers to quit their jobs at near-record levels in search of better
“House poor” is a common expression used to describe people who are wasting too much money on housing, leaving them with too little to spend on everything else. But it can also refer to those who are getting too little housing bang for their buck. And now, with interest rates on home mortgages spiking faster
Kyle BassThe Russia’s unprovoked war against Ukraine is not a death knell for globalization but should be a wake-up call about the risks of investing in countries that aren’t democracies, Texas hedge fund manager Kyle Bass said on CNBC on Thursday, “You don’t have to paint it with that broad of a brush,” the founder
Monthirayodtiwong | Istock | Getty Images Saving for retirement appears to be taking a backseat to other financial considerations for many Americans right now. Just 17% have made saving for their post-working years their top financial priority for 2022, according to First National Bank of Omaha‘s latest financial wellness survey. This is despite 59% of
Josh Gottheimer, D-N.J., talks to reporters in Washington, Nov. 4, 2021. Elizabeth Frantz | Reuters President Joe Biden has proposed a new tax on the ultra-wealthy as part of his 2023 federal budget, aiming to reduce the deficit by about $360 billion. Some experts say it’s unlikely to gain traction in Congress. The “billionaire minimum income tax” calls
In May 2021, psychologist Anthony Klotz coined the phrase “The Great Resignation” to describe the record amounts of workers quitting their jobs after reevaluating their roles during the pandemic (cnbc.com, January 2022). Last year, on average, 3.98 million workers quit their jobs each month, the highest average on record since the Bureau of Labor Statistics
This week, President Biden proposed two new taxes on the very rich. A minimum income tax that Biden calls a billionaire tax but would in reality apply to households with a net worth of $100 million or more. And a separate tax at death on gains from appreciated assets, even if the assets are not
Aspen’s spring market remains strong, with eager buyers bidding on what few properties are available. Inventory, particularly new construction, is so low that buyers are now looking at older properties to update and renovate. Ann Abernethy, a broker associate at Slifer Smith & Frampton Real Estate in Aspen, offers an on-the-ground look at current market
In this article KSS People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Kohl’s on Thursday sent a letter to shareholders in which it pushed back against activist investor Macellum’s campaign to add new directors to the
In this article WBA A person enters a Walgreens store in San Francisco, California, U.S., on Tuesday, April 13, 2021. David Paul Morris | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday announced fiscal second-quarter earnings that topped analysts’ expectations, after the omicron variant of Covid-19 intensified demand for booster shots and tests and
Stock futures were little changed in early morning trading Thursday as traders wrap up a month and quarter. Futures on the Dow Jones Industrial Average slipped 34 points, or 0.1%. S&P 500 futures were flat, and Nasdaq 100 futures added 0.2%. Some tech stocks were under pressure Thursday amid analysts concerns over the PC market
Lightspeedshutter | Istock | Getty Images There are a number of reasons to believe that the Biden administration will extend the payment pause for student loan borrowers beyond the current expiration date in May. The White House has already hinted it might do so, and student loan servicers have been told to hold off on
Parents often want to be fair with their adult kids and may want to appoint them together on legal documents when they do their estate planning. That means that the adult children will have “equal decision-making ability” on things like the Power of Attorney for finances or the Advance Healthcare Directive (aka power of attorney
Topline As part of his proposed budget for the upcoming fiscal year, President Joe Biden on Monday released a proposed minimum income tax rate applying to the highest-earning Americans, marking the first time the White House has ever directly targeted billionaire wealth after a similar Democrat-proposed measure failed to move forward last fall. Key Facts
Miami’s Aston Martin Residences announced recently the 391-unit building has surpassed 90% in sales, beating its own records for both January and February closings with prices continuing to see an upward trend. The two months combined closed over $100 million in sales, with more still under contract, leaving fewer than 40 units available in the
In this file photo, the famous Welcome to Fabulous Las Vegas Nevada neon sign is seen at dusk. Joe Sohm | Visions Of America | Universal Images Group | Getty Images Formula One will return to Las Vegas next year with the race taking place on the famous Las Vegas Strip. The grand prix will
Shanghai is in a two-part lockdown and has announced about 140 billion yuan ($21.88 billion) in tax relief, according to state media. The eastern half of the Chinese financial hub is in lockdown as authorities test all the city’s population in a bid to contain the epidemic. Yu Ruwen | Future Publishing | Getty Images
Fatcamera | E+ | Getty Images Sometimes, new retirees who sign up for Medicare may find themselves paying extra monthly charges for premiums. Yet for those whose income drops at retirement, it may be possible to change that. Roughly 7% of Medicare’s 63.3 million beneficiaries with income above a set threshold pay “income-related monthly adjustment
Women may think about retirement as not working, rather than focusing on what it means to be financially free in retirement. Many women have thought about a day when they would not need to work a nine-to-five job but hold on to traditional ideas about retirement planning. For example, they ask themselves: Shouldn’t I take
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