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☆ ‘People are really uptight in the States these days’: Why this American prefers living in Estonia
▼ + stars: | 2024-06-26 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +10 min

“The thing that I really liked about Estonians, and Estonians have never believed me when I say this, but I liked how friendly they were,” he says. Reflecting on his first years in Estonia, Johnson notes that things were very different to how they are now. “Quite often, people don’t really believe that that’s possible,” he says. Marcus Lindstrom/iStockphoto/Getty ImagesAlthough his day to day life may be very different in Estonia, Johnson feels that things aren’t very different scenery wise. “And they decided to become a very modern country… Really, it’s been the experience of a lifetime, being able to watch this kind of transformation over a quarter of a century.”

Persons: hadn’t, Stewart Johnson, didn’t, he’d “, “, ” Johnson, Johnson, ”, ‘, ‘ Don’t, you’re, –, Katrin Press “, I’ve, don’t, Chuck, chemo, he’s, Stewart Johnson “, it’s, ’, Marcus Lindstrom, “ It’s, “ I’ve, You’re Organizations: CNN, CNN Travel, Foreign Service, Estonia “, Comedy, “ Locations: Canada, States, Wisconsin, America, Estonia, Soviet Union, that’s Tallinn, Estonian, Europe, Northern, Tartu, “, Comedy Estonia, Tallinn

☆ Stocks making the biggest moves premarket: Rivian, FedEx, Whirlpool, Nvidia, Micron and more
▼ + stars: | 2024-06-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Rivian Automotive — Shares of Rivian Automotive skyrocketed more than 40% after the electric vehicle company secured up to $5 billion in funding from Volkswagen Group. A so-called short squeeze added fuel to the gain as about 19% of the Rivian shares available for trading were sold short before this news, according to FactSet. Nvidia — The chip stock added more than 2%, building on a nearly 7% rebound during Tuesday's session. Aptiv — The automotive technology stock dropped 7% after Piper Sandler downgraded Aptiv to underweight from neutral and cut its price target. Robinhood — Shares added 3%.

Persons: Bosch, Mills, Aptiv, Piper Sandler, Campbell, Ken Goldman, Wolfe, Sarah Min, Lisa Han, Jesse Pound, Michelle Fox Organizations: Rivian Automotive, Volkswagen Group, FactSet, FedEx — FedEx, Whirlpool, Reuters, Southwest Airlines —, Nvidia, Citi Research, Rivian, Volkswagen, JPMorgan, United States Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Micron Technology Locations: Tuesday's

☆ These are the 5 US cities you should buy a home in before you get priced out of the housing market, says 'Million Dollar Listing' real estate investor
▼ + stars: | 2024-06-26 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Most of its residents are millennials, with its residents' median age being 33.6 years. As with Atlanta, most of its residents are millennials, with its residents' median age being 33.1 years. The median age of San Diego residents is 35.8 years. But it's also true that housing in San Diego trends toward the pricier end. San Diego, along with four other Californian cities, was marked as "impossibly unaffordable," according to the 2024 Demographia International Housing Affordability report.

Persons: —, Josh Altman, Altman, Sean Pavone, Eric Johnson, Pengyu Cheng, Michael Warren, Wager, it's, Altman didn't Organizations: Service, Business, Getty, Dallas, Texas, Popular, Disney, San Locations: Atlanta, Dallas, Orlando, Phoenix, San Diego, Texas, California, San Francisco, Eola, Miami, Arizona's, San Diego , California, Los Angeles, US

☆ Wednesday's analyst calls: Stifel gets bullish on Tesla, FedEx seen rallying 40%, Citi boosts Nvidia
▼ + stars: | 2024-06-26 | by ( Alex Harring | ) www.cnbc.com time to read: +10 min

(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Stifel opened coverage on Tesla with a buy rating and an ambitious price target as it sees multiple growth opportunities for the company. Crockett also increased his price target by $64 to $260, which now suggests shares can rally 24.4% from Tuesday's closing price. Goldman also hiked his price target by $7 to $52, now reflecting upside potential of 17.7% over Tuesday's close. Analyst Stephen Gengaro initiated the electric vehicle maker at a buy rating with a $265 price target.

Persons: Rosenblatt, Barton Crockett, Crockett, — Alex Harring, Atif Malik, Malik, Blackwell, Wolfe, Robinhood, Steven Chubak, Chubak, Jason Warnick, That's, Keith Gill, Katja Jancic, Jancic, Brian Ossenbeck, Ossenbeck, Campbell, Ken Goldman, hasn't, Goldman, underperformance, Stifel, Stephen Gengaro, Gengaro, Alex Harring Organizations: CNBC, Federal Express, JPMorgan, FedEx, Apple, Apple Intelligence, Android, Meta, Microsoft, Nvidia, Citi, Wolfe Research, . Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Nippon, US, U.S . Steel, CPB, Tesla Locations: Tuesday's, Japan, U.S

☆ Here are Wednesday's biggest analyst calls: Nvidia, Amazon, Alphabet, FedEx, Tesla, Caterpillar, Shopify, Disney & more
▼ + stars: | 2024-06-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Wednesday: Stifel initiates Tesla at buy Stifel said it's bullish on Tesla for the long term. JPMorgan upgrades FedEx to overweight from neutral JPMorgan upgraded the shipping giant following earnings on Tuesday. Jefferies reiterates Alphabet as buy Jefferies said its survey checks show Alphabet is top of mind for consumers when it comes to AI. Citi reiterates Nvidia as buy Citi raised its price target on Nvidia to $150 per share from $126. Morgan Stanley downgrades Accenture to equal weight from overweight Morgan Stanley said shares of the IT company are "no longer" attractive.

Persons: Tesla, Stifel, it's, Piper Sandler, Piper, Goldman Sachs, Goldman, Mark Clouse, Carrie Anderson, Rebecca Gardy, Wolfe, HOOD, Warnick, Shopify, Rosenblatt, Nike's, Morgan Stanley, Jefferies, GOOGL, Stephens, Wells, BTIG, Northrop, Rivian, Piper Sandler downgrades Aptiv Organizations: JPMorgan, FedEx, Campbell, Barclays, Nu Holdings, BMO, Steel, Nippon, US Steel, X, Digital Realty, Citi, U.S, Caterpillar, Apple, Apple Intelligence, Android, UBS, Nike, Nvidia, Davidson, Home, Bank of America, " Bank of America, shipper, UPS, Cruises, Northrop Grumman, VW, JV, Accenture Locations: 1Q24, Mexico, Brazil, China, Houston, U.S, Rivian

☆ 7 things Starbucks customers should stop wasting money on, according to a former barista
▼ + stars: | 2024-06-26 | by ( Inga Parkel | ) www.businessinsider.com time to read: +5 min

Read previewI worked as a Starbucks barista for nearly a year, and I became extremely familiar with just how expensive the popular coffee chain is. As a stingy spender, I made several mental notes on ways customers would unnecessarily waste their money during my shifts. If I find irresistible merchandise, I'll take advantage of the Starbucks rewards program. If you're looking for a caffeine fix, stop wasting your money on hot venti lattesGrande and venti lattes have the same amount of espresso. Stop paying for bottled waterI've always been baffled by people who insist on buying bottled water from Starbucks.

Persons: —, spender, Nadir Keklik, Michael Probst, It's, they're, Ramin Talaie Organizations: Service, Business, AP, Americano, Getty, Starbucks

Pillowboard sits low and hidden by pillowsSilk & Snow Wooden Bed Frame The Silk & Snow Wooden Bed Frame is a reasonably priced bed frame made of sustainable wood that doesn’t require any tools or screws for assembly. AdvertisementThuma vs Silk & Snow PriceThuma Platform Thuma + Pillowboard Thuma + Headboard Thuma + Headboard + Cushion Silk & Snow Platform Silk & Snow (with headboard) Price (Queen) $1,095 $1,295 $1895 $2,085 $850 $1,250 (boucle), $1,300 (solid), and $1,700 (rattan)The Thuma and Silk & Snow bed frames may be similar in design, but their price varies greatly. Emily Hochberg/Business InsiderWhere Silk & Snow bed frame customers get a 30-night free trial, Thuma bed buyers get 100 nights to try out their bed frame. AdvertisementThe bottom lineIn comparing the Thuma and the Silk & Snow bed frames, our first inclination is to advise potential buyers to go with the Silk & Snow bed frame. Read our Thuma bed frame review and Silk & Snow wooden bed frame review.

Persons: Thuma, Snow, Pillowboard, Cal King, King, Upcycled, Emily Hochberg, Alex Temblador, Price, it's Organizations: Business, Twin XL, Cal, Cal King Twin, XL Locations: California, Southeast Asia, Vietnam

☆ Asian shares shaky as investors wary before US inflation data
▼ + stars: | 2024-06-26 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar. The comments along with data showing a stable housing market kept expectations in check over when and by how much the Fed will cut rates. Markets are pricing in 47 basis points of easing this year, with a rate cut in September pegged at 66% probability, CME FedWatch tool showed. In the currency market, the dollar index , which measures the U.S. unit against six peers, was steady at 105.64, while the euro was at $1.0715. The yen touched a 34-year low of 160.245 per dollar on April 29, prompting Tokyo to spend roughly 9.8 trillion in late April and early May to support the currency.

Persons: Androniki, Lisa Cook, Cook, Michelle Bowman, Selena Ling, OCBC, OCBC's Ling, Shri Navaratnam Organizations: Nikkei, REUTERS, Federal Reserve, . Federal, Reuters, Bank of Japan's, Brent, U.S, West Texas, Thomson Locations: Tokyo, Japan, SINGAPORE, U.S, Asia, Pacific

☆ Stocks making the biggest moves midday: Rivian Automotive, FedEx, Whirlpool and more
▼ + stars: | 2024-06-26 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

FedEx — Shares of the company moved more than 14% higher after topping Wall Street's fiscal fourth-quarter expectations . The shipping giant earned $5.41 per share, after adjustments, on $22.11 billion in revenue. Analysts polled by LSEG were expecting earnings of $5.35 per share and revenue of $22.07 billion. Aptiv — Shares of the automotive technology company plunged 10% following Piper Sandler's downgrade of the stock to underweight from neutral . Paychex posted adjusted earnings of $1.12 per share, which is above the $1.10 earnings per share that analysts polled by LSEG were expecting.

Persons: LSEG, Bosch, Piper, Mills, Paychex, Grindr, Campbell, —, Alex Harring, Lisa Kailai Han, Scott Schnipper, Sarah Min, Michelle Fox Organizations: Volkswagen Group, FedEx —, Whirlpool —, Reuters, Rivian, MNC Capital Partners, JPMorgan, Campbell

☆ How to get long an energy stock with substantial comeback potential, according to options trader
▼ + stars: | 2024-06-26 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

SLB (SLB) has been on our radar for some time and its recent underperformance produces an interesting opportunity to gain long exposure with substantial upside potential. That's nearly a 35% discount to the average S & P 500 stock, implying that the technical upside target is well within its historical valuation range. With low volatility, options prices on SLB are extremely inexpensive and would benefit from a simple strategy such as buying a call option. Additionally, we are only risking 7.7% of the stock's price to gain unlimited upside exposure. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: SLB, That's Organizations: CNBC, NBC UNIVERSAL

☆ This 28-year-old fund consistently beats the S&P 500 — without megacap tech stocks. Here's its strategy
▼ + stars: | 2024-06-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

One fund has a formula that has enabled it to consistently beat the S & P 500 : the Hennessy Cornerstone Growth Fund. The fund uses a formula-based strategy for investing, according to its portfolio managers Neil Hennessy, Ryan Kelley, and Joshua Wein. "We're trying to combine value with momentum and some growth," Kelley said. Stocks the fund owns Most of the stocks in the outperforming fund aren't actually in tech but in the industrials, consumer, financials and health-care sectors — because of the formula they use. It is the only name which survived in the recent rebalancing to the current batch of 50 stocks, said Wein.

Persons: Neil Hennessy, Ryan Kelley, Joshua Wein, Kelley, Wein, They've, We're, aren't Organizations: Cornerstone Growth Fund, CNBC Pro, Micro Computer, Urban Outfitters Locations: United States

☆ Apple shares to rally to $260 as it beats out Android in AI race, Rosenblatt says
▼ + stars: | 2024-06-26 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Apple 's commitment to privacy could soon pay off by giving it a leg up over its competitors, according to Rosenblatt. That's because Apple, unlike AI predecessors, has put privacy front and center as part of its AI marketing push and architecture," Crockett wrote. "Apple laid out what it called a Private Cloud Compute architecture that keeps personal information on personal devices, and does not allow non-permissioned release of that information to anyone else, including Apple and third party LLMs," he added. An additional advantage for Apple comes from its AI approach, which allows the firm some immunity from cost pressures at hyperscalers. Against this backdrop, Crockett sees the scales "tipping the AI risk/reward in favor of Apple."

Persons: Rosenblatt, Barton Crockett, Crockett, Michael Bloom Organizations: Apple, hyperscalers

☆ Gold prices muted with U.S. inflation data in focus
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +2 min

Gold prices steadied on Thursday as investors digested comments from Federal Reserve Governor Christopher Waller on interest rate cuts and looked forward to more U.S. economic data for policy clues. Gold prices were subdued on Wednesday ahead of crucial U.S. inflation data due this week, which could offer more clarity on the timing of the Federal Reserve's first interest rate cut this year. Meanwhile, Fed Governor Lisa Cook said "at some point" it will be time to cut interest rates. "Dips in the gold price remain relatively shallow courtesy of buyers stepping in from the sidelines on price retreats," Tim Waterer, chief market analyst at KCM Trade, said in a note. Waterer added that the $2,368 level would need to be breached for gold to surpass the highs from last week.

Persons: Christopher Waller, Yeap Jun Rong, Michelle Bowman, Lisa Cook, IG's, Rong, Tim Waterer, Waterer Organizations: Federal Reserve, Federal, Fed, U.S, KCM Locations: U.S

☆ Rivian: Truist Securities raises its price target on the stock to $13
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRivian: Truist Securities raises its price target on the stock to $13Jordan Levy, Trust analyst, joins 'Squawk on the Street' to discuss Rivian securing $5 billion from Volkswagen.

Persons: Jordan Levy Organizations: Truist Securities, Trust, Volkswagen

☆ My family moved to Europe for the summer — our Airbnb cost $4,000 less than sending my kid to day camp in the US
▼ + stars: | 2024-06-26 | by ( Jordi Lippe-Mcgraw | ) www.businessinsider.com time to read: +5 min

AdvertisementRenting our accommodations abroad cost significantly less than sending our child to summer camp, and it came with perks. There are benefits of living abroad as a family that aren't financialWe took a train ride to Geneva, Switzerland. Because my husband and I can do our jobs remotely, we were able to spend this summer abroad without compromising our professional commitments or paychecks. I'd consider making these extended family trips a traditionThis summer was a bit of an experiment. Perhaps we can even switch between day camp and family vacations every year.

Persons: —, Jordi Lippe, McGraw, He'd, Big Ben, I'd, I'm Organizations: Service, Business, de France, Alpine Locations: New York, Zurich, Austria, Geneva, Switzerland, Feldkirch, Vaduz, Liechtenstein, London, East Coast

☆ Nvidia: Here's why Cantor Fitzgerald raised its price target on the stock
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia: Here's why Cantor Fitzgerald raised its price target on the stockC.J. Muse, Cantor Fitzgerald analyst, joins 'Squawk on the Street' to discuss Nvidia before the chipmaker's shareholder meeting.

Persons: Cantor Fitzgerald Organizations: Nvidia

☆ The S&P 500 could crater 48% when the stock-market bubble pops and recession finally hits, elite strategist says
▼ + stars: | 2024-06-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The S&P 500 could crash 48% when the bubble in stocks pops and a recession hits, Paul Dietrich said. The elite strategist pointed to a massively overvalued market and cracks in the economy. AdvertisementThe S&P 500 could be cut in half when the stock-market bubble pops and the US economy sinks into recession, Paul Dietrich says. He attributed that to institutional investors buying the haven asset as they expect a "major correction or stock market crash due to our wildly overvalued stock market and a slowing underling economy." The Wall Street veteran is one of several top forecasters predicting pain for stocks and a recession ahead.

Persons: Paul Dietrich, Dietrich, —, Riley Wealth, Warren Organizations: Service, Microsoft, Nvidia, Federal Reserve, Wall

☆ Investor Neil Hennessy says megacap tech trade is 'over' and to buy these two stocks instead
▼ + stars: | 2024-06-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Neil Hennessy said investors need to look at value stocks that offer attractive price-to-sales multiples and avoid what he sees as a dying "Magnificent Seven" trade. While Hennessy admitted that the Magnificent 7 stocks have performed well, he said their average price-to-earnings multiple sits at around 47 while their price-to-sales multiple is above 12. "The reality of our world is money is shifting over to value," said the University of San Diego alum. But Hennessy said the stock is attractively priced, with a price-to-sales multiple of 0.9 and P/E ratio of just 7. But the average price target implies the stock can turn around and surge more than 27% over the coming year.

Persons: Neil Hennessy, Hennessy, I'm, SPX Organizations: Oshkosh Corp, University of San Diego, Oshkosh, LSEG

☆ NYC shuttered 80% of its Airbnbs in an attempt to make housing more affordable. All that's done so far is make hotels more expensive.
▼ + stars: | 2024-06-26 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +8 min

Read previewLast September, New York City began enforcing its strict new regulations on short-term rentals. Since then, the number of legal short-term rentals listed on Airbnb and other platforms has plummeted. Impacts of the near-banLL18 was motivated by the city's housing affordability crisis, caused in large part by a severe housing shortage. Short-term rentals, including Airbnbs, can take homes that would otherwise be lived in full-time off the market, potentially exacerbating the housing shortage. But there's some evidence, including from Irvine, California, that restricting short-term rentals can reduce rents.

Persons: —, it's, Jamie Lane, Lane, hasn't, Klossner, LL18, Eric Adams, TIMOTHY A, CLARY, Scott Stringer, Airbnb, It's, Nathan Rotman Organizations: Service, Business, Mayor's, Criminal, Special, York City, Hotel, Former, Big Apple, New Locations: New York City, New, York, Irvine , California, New York

☆ Steady dollar sends yen to the brink of 160
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +2 min

The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of U.S. price data at the end of the week. The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of U.S. price data at the end of the week. The Australian dollar dipped 0.1% to $0.6640 and the New Zealand dollar similarly slipped to $0.6115, with small moves reflecting thin trade. Sterling was steady at $1.268, while bitcoin has recovered somewhat from a dip below $60,000 this week to trade at $61,668. "The yen moves more, and yuan moves are more controlled, but they seldom move in opposite directions," said Societe Generale strategist Kit Juckes.

Persons: Pat Bustamante, Lisa Cook, Michelle Bowman, Bowman, bitcoin, Kit Juckes Organizations: Canadian, Westpac, Federal, Fed, New Zealand, Citi, Sterling, Generale Locations: Asia, U.S, China

☆ Think the CDK outage is just about cars and dealerships? Think again
▼ + stars: | 2024-06-26 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

Last month there were $122 billion of transactions at car dealerships, according to Commerce Department estimates. That accounts for 17% of all retail sales in May. An outage lasting through June 30 would mean 10 days without dealership access to CDK. Now here’s where it gets even more glaring: Retail sales aren’t just some minor part of the economy. Consider yourself warned: You may want to hold off on looking at your 401(k) on July 25, when the government releases second-quarter GDP estimates.

Persons: Ramishah Maruf, Peter Valdes, CDK, Russell Price, ” Price Organizations: New, New York CNN, North America, Commerce Department, Ameriprise, CNN Locations: New York

☆ Nvidia bounces back strongly after $500 billion decline
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia bounces back strongly after $500 billion declineTony Wang, T. Rowe Price portfolio manager, joins CNBC's 'Squawk Box' to discuss Nvidia, tech spending, and more.

Persons: Tony Wang, Rowe Price Organizations: Nvidia

☆ Nvidia, Apple, other tech giants flash weakness. Here are buy levels to consider as entry points
▼ + stars: | 2024-06-26 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Apple and Alphabet pulled back to the support levels we highlighted and have since rallied strongly. As we can see, $400 served as a key support level three times early this year (the second black horizontal line). Here, we are again applying the polarity principle and using prior resistance as the new support level. We see that $166 has proven a key support level (the top black horizontal line) ever since that post-earnings breakout. Nvidia Potential entry points: $120, $110, and $100 Just below Tuesday's close, around $120, that's a battleground level (the top black horizontal line).

Persons: It's, we've, We're, it's, Jim Cramer's, Jim Cramer, Jim Organizations: Apple, Nvidia, Microsoft, Amazon, Big Tech, Club, Apple Intelligence, Developers, CNBC, NVIDIA, Publishing, Getty Locations: HANGZHOU, CHINA, Hangzhou city, Zhejiang province, China

☆ What Rivian's venture with Volkswagen means for the EV maker, broader auto industry
▼ + stars: | 2024-06-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Rivian 's latest partnership with Volkswagen could prove a major boon for investors and the broader auto industry, according to some Wall Street analysts. As part of the plan, Volkswagen will inject $1 billion, followed by an additional $4 billion investment planned by 2026. RIVN 1D mountain Shares pop on Volkswagen venture But Wall Street views the deal as a potential turnaround opportunity that can help limit execution risks and uncertainties surrounding funding that have spooked investors in recent months. Big wins for the auto industry While the venture justifies Rivian's strategy, some on Wall Street anticipate potential big wins for the broader auto industry. He added that the venture also highlights the need for proprietary electronic control units and software.

Persons: Rivian, John Murphy, Ryan Brinkman, Dan Levy, Levy, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Tesla, Piper Sandler, Alexander Potter, America's Murphy Organizations: Volkswagen, Bank of America, JPMorgan, Barclays, Bank, Lucid Group Locations: China

☆ The 'funflation' effect: Why Americans are spending so much on travel and entertainment this summer
▼ + stars: | 2024-06-26 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Taylor Swift fans queue outside Murrayfield Stadium in Edinburgh, Scotland, on June 6, 2024. Jeff J Mitchell | Getty Images News | Getty ImagesThe price of 'funflation'Some ticket prices have surged in recent months, according to federal data. Why Americans go all out on entertainmentDespite rising costs, 38% of adults said they plan to take on more debt to travel, dine out and see live entertainment in the months ahead, according to a report by Bankrate. Taylor Swift performs on stage at Wembley Stadium in London on June 22, 2024. Kevin Mazur | Getty Images Entertainment | Getty Images"There's still a lot of demand for out-of-home entertainment," Ted Rossman, senior industry analyst at Bankrate, recently told CNBC.

Persons: Taylor Swift, Jeff J Mitchell, Taylor, Bankrate, Kevin Mazur, Ted Rossman, Rossman Organizations: Murrayfield, Getty, Bureau of Labor Statistics, CPI, Bankrate, Wembley, CNBC Locations: Edinburgh, Scotland, U.S, London

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