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There are signs that the U.S. consumer is still spending, especially on experiences. But stubbornly high prices are squeezing consumers with lower incomes, pressuring everyday purchases and corporate profits. Broadly speaking, credit card companies like American Express, Visa and MasterCard have described spending trends as "relatively strong," "relatively stable," and even "healthy." Priceline parent Booking Holdings told analysts there are no signs consumers are taking shorter vacations or trading down in their hotel choices. McDonald's added that "the consumer is certainly being very discriminating in how they spend their dollar."
Persons: Brandon Bell, Morgan Stanley's Michael Wilson, Morgan Stanley, Mike Stocker, Stanley Black, Decker, , Anton Pinsky, Beata Zawrzel, Laxman Narasimhan, Shack, Domino's, Pavlo Gonchar Organizations: Getty, Home Depot, Walmart, American Express, Visa, MasterCard, PayPal, Booking Holdings, Las, Port, Tribune, Service, Consumers, Whirlpool, Corp, Starbucks Corp, Nurphoto, Lightrocket Locations: Austin , Texas, U.S, Las Vegas, Port of Miami, Krakow, Poland, Russia, Ukraine
Has New York Reached Peak Pork?
  + stars: | 2023-06-01 | by ( Ella Quittner | ) www.nytimes.com   time to read: +1 min
The presence of fancy ham in New York is not new. Local institutions like Estela, King, Ernesto’s, Carbone and those of the Momofuku group (where Pinsky used to cook) have long touted elevated cured pork to diners looking to pretend they’re vacationing in Europe. And there’s a $29 hot dog on the menu at Mischa, the chef Alex Stupak’s new restaurant in Midtown. Cured meat, there’s nothing more sophisticated.”“Consumers have gotten supersmart,” says Grant Reynolds, a co-founder of Pig Bar and Parcelle. “In fine dining, there’s talk about perception of value,” says Pinsky.
Persons: Ernesto’s, Carbone, Pinsky, revel, Mischa, Alex Stupak’s, Ignacio Mattos, , Grant Reynolds Organizations: Bar, Pig Locations: New York, Europe, East Siders, Midtown, Lodi,
Nations reach accord to protect marine life on high seas
  + stars: | 2023-03-05 | by ( ) www.cnbc.com   time to read: +5 min
The U.N. Convention on the Law of the Sea came into force in 1994, before marine biodiversity was a well-established concept. The treaty will create a new body to manage the conservation of ocean life and establish marine protected areas in the high seas. "For the first time, we are getting a binding agreement for the high seas, which until now have hardly been protected," Lemke said. Several marine species — including dolphins, whales, sea turtles and many fish — make long annual migrations, crossing national borders and the high seas. The high seas have long suffered exploitation due to commercial fishing and mining, as well as pollution from chemicals and plastics.
Getty ImagesThe competitive nature of playing a sport has helped a lot of folks succeed on Wall Street. Wall Street is littered with top tennis players. That's because many of the tennis players on Wall Street know each other very well and feel comfortable doing business together. What's more, a bunch of the younger players met their employers on the court, and certain firms just love tennis players in general. In short, the tennis court is great place for networking in general.
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