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Insider Today: Travel agents are back
  + stars: | 2024-06-16 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +5 min
This week's dispatchRob McElhenney is Business Insider's June 2024 digital cover star. Edmon de Haro for BITravel agents are backFollowing the pandemic-era lockdowns, people are hungry for travel. The interest in having someone else plan a vacation is returning travel agents to their '90s glory. How travel agents came roaring back. Art Wager/Getty ImagesEveryone's moving to TexasMovers from all corners of the US are flocking to Celina, Texas, a small town about 41 miles north of Dallas.
Persons: , Rob McElhenney, Sheryl Nields, Rob McElhenney's, Rob McElhenney breezed, would've, McElhenny, Samantha Rollins, Lucia Moses, Ryan Reynolds, McElhenney, Rob it's, de Haro, Zers, Z, Wager, Chelsea Jia Feng, Uma Naidoo, Naidoo, Liam Daniel, we're, Dev Patel's Organizations: Service, Business, Wrexham AFC, Wrexham, BI, Texas Movers, Getty, Cunard, Food, Harvard, Vivid Locations: Bali, Philadelphia, Culver City, Los Angeles, English, Wales, Wrexham, Houston , Texas, Texas, Celina , Texas, Dallas, Celina
Tonight’s Tony Awards ceremony will celebrate the best work on Broadway. Here are some things I’ve been thinking about as this awards season unfolded:Nonprofit theaters are struggling. Short of money, nonprofit theaters around the country are staging fewer shows, shedding jobs, and in a few cases, closing. Among plays, “Jaja’s African Hair Braiding,” “Mary Jane,” and “Prayer for the French Republic” were all staged on Broadway by the nonprofit Manhattan Theater Club. (“Mary Jane” had an earlier Off Broadway run at another nonprofit, New York Theater Workshop.)
Persons: Tonight’s Tony, They’re, Tony, , ” “ Mary Jane, , Republic ”, “ Mary Jane ” Organizations: Nonprofit, Broadway, Manhattan Theater Club, New York Theater Workshop, Playwrights Horizons Locations: Republic
The threat from a looming wave of maturing commercial real estate loans has been well telegraphed to investors, but it's possible the metrics they are using to protect themselves from risk are flawed. Many investors have been avoiding bank stocks with high concentrations of commercial real estate (CRE) exposure. Investors have been punishing regional bank stocks, especially when the bank's commercial real estate exposure tops more than 300% of its total equity . While the latter two have some exposure to New York City real estate, both banks benefit from strong management teams, he said. (New York real estate markets are navigating both falling office values as well as the dynamics of rent-regulated multifamily properties.)
Persons: Erika Najarian, Stephens, Matt Breese, Breese, Webster, Najarian, Piper Sandler, Scott Siefers, Siefers, generalists Organizations: Owners, KBW, Regional Banking, UBS, Federal Deposit Insurance Corp, Federal Reserve, Kansas City Fed, NBT Bancorp, Webster, National Bancorp, Micron Technology, Financial Group, Citizens Locations: New York City, York, . Connecticut, New, New York, Providence, R.I
Courtesy Abby ChowningThe tariffs Biden left in place – which are paid by US importers and not China – hit roughly $300 billion of goods. After Trump’s tariffs hit, some US companies sought new manufacturers in other countries. The Covid-19 pandemic upended the global economy roughly two years after Trump’s trade war began. Several studies show that Trump’s tariffs only marginally contributed to the rise in US inflation experienced after the pandemic and the following supply chain crisis. Trump’s tariffs were meant to get China to address those issues.
Persons: Donald Trump, Trump, Tiffany Zarfas Williams, , Zarfas Williams, Joe Biden, , “ Trump, ” Biden, , Biden, , Abby, China –, Rick Muskat, Jake Muskat, Alena Margolis, Muskat, ” Muskat, Phil Page, Page, Bryan Finch, ” Page, Morgan, Nate Herman, Matt Priest, Priest, Steve Madden, ” Jared Bernstein, we’ve, ” Bernstein, Justin Sullivan, ” Herman, Xi Jinping, Biden “ Organizations: Washington CNN —, China, Trump, Biden, Deer Stags, JCPenney, America, Cap America, American Apparel & Footwear Association, Bureau of Labor Statistics, Footwear Distributors, Retailers of America, Adidas, Columbia, Nike, White House Council, Economic Advisers, China Business, Trade, National Council of Textile Organizations, Port Locations: Lubbock, Texas, China, Ukraine, Missouri, Vietnam, Bangladesh, Port of Oakland, Oakland , California
My dad raised me in the Bronx as a single parent in the 90's. I was born partially blind and with cerebral palsy. Courtesy of the authorAgainst professional advice and threats of losing parental custody during an ongoing court battle against my mother, Dad took me out of the children's hospital. He died and I was adoptedUnfortunately, my father lost custody of me and two years later he died. Also, seeing first-hand how much my dad fought for me made an imprint on her.
Persons: he'd, John, Dad, we'd, She'd, Father's, I've Organizations: Service, Angels Catholic Locations: Bronx, Manhattan, Valhalla
Read previewGen Zers are feeling pretty good about their financial situations right now. That was especially true for younger generations — over 60% of Gen Z and millennials said they were optimistic, compared to less than 50% of Gen X and baby boomers. How Gen Z can feel good about themselves — but still worry about high pricesBI has previously reported that many aging boomers and Gen Xers cannot retire or are struggling financially in retirement. But when it comes to retirement preparation, Gen Z might be ahead of the game. According to a survey last year from the CFA Institute, over half of Gen Z respondents said they were already investing, and 82% of them started doing so before turning 21.
Persons: , it's, millennials, X, Zers, Charlie Wise, Wise, Gen Zers, Gen Xers, Gen, that's Organizations: Service, Federal Reserve, TransUnion's, Business, TransUnion, Alliance, Lifetime, Income, Social Security, CFA Institute, American Enterprise Institute
Opinion: European soccer’s latest racism row
  + stars: | 2024-06-16 | by ( Opinion Keith Magee | ) edition.cnn.com   time to read: +9 min
CNN —On Sunday, England will face Serbia in its first game of the Euro 2024 championship, hosted by Germany. Since then, the FA, the European football association UEFA and FIFA , the sport’s international governing body, have visibly upped their anti-racism game. One might conclude, for instance, that Monday’s court decision in Spain meting out prison sentences to three Valencia fans for hurling racial insults, is evidence of European soccer’s new, tougher line against racism. Saka knows UEFA observers will be on duty at every Euro 2024 match and will be on the lookout for racist incidents. I see it as an attempt by professionals who should know better to make a Black player carry the can for a disappointing performance by the whole team.
Persons: Keith Magee, Keith Magee Arron, — Marcus Rashford, Jadon Sancho, Prince William, , Vinícius Júnior, Julian Finney, , Saka, Carl Recine, Ian Wright, ” Sir Lewis Hamilton, vilifying, Tony Burnett, ” Burnett Organizations: University College London Institute for Innovation, Newcastle University Law School, CNN, Germany, England’s Football Association, FA, European, UEFA, FIFA, Valencia, Wembley, Getty, Sunday’s, Serbia, England, Iceland, Versus, Conservative, Daily Sun, The Telegraph, Daily Star, BBC Locations: England, Serbia, Italy, Spain, Iceland, London, Germany, Europe
Within a week of the invasion, Mykhed, a renowned author who has published nine books, had enlisted in the Ukrainian Armed Forces, and his former home had been destroyed by a Russian attack. Central to the work is his view that the war is not Putin's but a war carried out by all Russians. It's not Putin who is pulling the trigger in Bucha," he says, referencing the massacre that took place in 2022. In late February, Ukrainian President Volodymyr Zelenskyy said 31,000 Ukrainian soldiers had been killed since Russia launched the invasion. Nevertheless, the war in Ukraine rages on, and Mykhed offers me a stark reminder of that fact when talking about his book.
Persons: , Oleksandr Mykhed, Olena, Lisa, Mykhed, Putin, It's, hasn't, Volodymyr Zelenskyy, Bucha, Chris McGrath, you'd Organizations: Service, Russia, Business, Ukrainian Armed Forces, United Nations Human Rights Locations: Ukraine, Ukrainian, Hostomel, Kyiv, Mykhed, Chernivtsi, London, Crimea, Bucha, Russia, Kharkiv
“It’s a bit like God’s waiting room.”But Clacton is the front line of Britain’s migration debate. The Reform leader uses divisive language on migration, warning supporters of what he calls an "invasion" of asylum seekers. Despite years of tough rhetoric and policies aimed at deterring the arrival of asylum seekers – devised largely to placate Farage’s supporters – Britain’s asylum system is creaking. Laws prevent most asylum seekers from working, so while taxpayers fund their accommodation, they cannot contribute formally to the economy. That could widen even further the chasm in understanding between his voters and Britain’s asylum seekers, experts fear.
Persons: ” Danny Botterell, Nigel Farage, BEN STANSALL, Donald Trump, Nigel, ” Botterell, , Farage, ” Farage, , Rob Picheta, CNN Britain’s, Rishi Sunak’s, ” Zoe Gardner, “ Farage, “ They’ll, , Louise Brockwell, Danny Botterell, David Cameron –, Europe –, Sunak, Cameron, Farage’s, ted Britain’s, France –, ” Gardner, Masood, they’re, ” Masood, Brexit, Douglas Carswell, ” Carswell, ” “ There’s, Carswell, Bob Brace, Farage's, hasn’t, Jack, can’t, you’re, Bridget Tyril, Roy Whitehead, Keir Starmer, “ It’s, they’ve, Karen French, “ I’ve, He’s, James Johnson, Theresa May’s, pollster, Queen Elizabeth II, restauranter Dean Coles, Jehosh, Gardner Organizations: England CNN —, Seagulls, CNN, Getty, Clacton, Labour, Brexit Party, Tories, Jays, Sky News, Times, Home Office, Conservative, UKIP, EU, Brexit, Mississippi Center for Public, John, People, Trump, Downing, Partners, , Conservatives Locations: Clacton, England, Clacton Pier, Europe, , London, , AFP, United States, Britain, Westminster, India, France, Bibby Stockholm, Kent, Afghanistan, UAE, Essex, Jaywick, It’s France, Netherlands, Germany
CNN —The best athletes break all sorts of new ground in pursuit of greatness, looking for that extra tiny percent that can propel them above their rivals. For Bryson DeChambeau that extra kick might be found in the most surprising of places – Epsom salt. After taking control of the US Open with a captivating third-round performance on Saturday, the American elaborated on his habit of salting his golf balls before playing, just another aspect of his analytical approach to the game which has earned him the nickname of “The Scientist.”“I put my golf balls in Epsom salt,” he told reporters. “Essentially we float golf balls in a solution to make sure the golf ball is not out of balance.”His manager, Connor, was in charge of salting the golf balls, DeChambeau explained, to find out “how much out of balance” they were. “There’s always going to be an error, especially when it’s a sphere and there’s dimples on the edges,” he added.
Persons: Bryson, , , Connor, DeChambeau, “ There’s, dimples, ” Bryson DeChambeau, Gregory Shamus, LIV, Rory McIlroy, Matthieu Pavon, Patrick Cantlay Organizations: CNN Locations: Epsom
Meme stock and erstwhile videogame retailer GameStop is back in the limelight as Reddit ringleader Roaring Kitty stirs up another trading frenzy. Warren Buffett commented at length about the speculative behavior during the first GameStop mania in 2021. Then, the "Oracle of Omaha" called the stock market a gambling parlor for retail investors, encouraged by Wall Street's investment banks and brokerages. "It's become a very significant part of the casino group that has joined into the stock market," Buffett said at 2021's Berkshire annual meeting . Options trading in GameStop exploded after Roaring Kitty, whose legal name is Keith Gill, touted his large positions in those risky vehicles.
Persons: Kitty, Warren Buffett, Wall, It's, Buffett, They've, Keith Gill, John Maynard Keynes Organizations: GameStop, Berkshire, Citadel Securities Locations: Omaha
In an ordinary industrial building off a busy Orange County street, a Seussian contraption, nearly 100 feet long, clattered to life. The room filled with the hum and squeaks of belts and machinery. Like passengers on a dark amusement ride, bundles of colorful magazine pages, printed a week earlier, began a wild, circuitous journey, through tunnels and up ramps, that lasted a few minutes. The long edge of each new 130-page sheaf was dipped into a pool of melting glue, then dropped into a U-shaped cover. After drying during a series of slow corkscrews, the new magazine’s edges were chopped smooth by guillotines and emerged through an opening.
Persons: Stephen Casimiro, ” Casimiro, Organizations: Geographic, Adventure Locations: Orange County
Wall Street's best analysts have insight into companies' ability to provide attractive dividend yield and upside for the long term. Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. With a quarterly dividend of $1.22 per share ($4.88 on an annualized basis), KMB offers a dividend yield of 3.5%. In June, the company paid a base dividend of $1.25 per share and a variable dividend of $1.69 per share. (See Chord Energy Stock Charts on TipRanks)Cisco SystemsOur third pick is dividend-paying technology stock Cisco Systems (CSCO).
Persons: Wall Street's, Wall, Kimberly, Clark, Nik Modi, Modi, Mike Hsu, TipRanks, William Janela, Janela, Jefferies, George Notter, Notter Organizations: Cisco, Clark Consumer, KMB, RBC Capital, Energy, Enerplus, Cisco Systems Locations: San Jose , California, Kimberly, North America, Williston
I work as a private chef and love making quick and easy recipes in my air fryer. But I mostly use my air fryer to make perfectly crispy frozen tots, samosas, and arepas. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI know it's ironic, but as a private chef, I barely have time to cook for myself. This is where my air fryer has become my close friend and ally.
Persons: fryer, , It's Organizations: Service, Business
The Airbus A320 airliner that ditched in the Hudson River in 2009 is now an aviation artifact. None of the 155 passengers and crew died during the "Miracle on the Hudson" crash. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn January 15, 2009, a fully loaded US Airways Airbus A320 plane ditched into the Hudson River after a bird strike caused both engines to fail. The accident has since been described as the "Miracle on the Hudson" because none of the 155 passengers and crew onboard died.
Persons: , Captain Chesley, Sully, Sullenberger, Jeffrey Skiles Organizations: Airbus, Sullenberger Aviation Museum, Service, US, Business Locations: Hudson
JERUSALEM (AP) — The Israeli military on Sunday announced a "tactical pause" in its offensive in the southern Gaza Strip to allow the deliveries of increased quantities of humanitarian aid. It said the pause was being coordinated with the U.N. and international aid agencies. That was down from 168 a day in April and far below the 500 trucks a day that aid groups say are needed. The flow of aid in southern Gaza declined just as the humanitarian need grew. COGAT, the Israeli military body that oversees aid distribution in Gaza, says there are no restrictions on the entry of trucks.
Persons: Salah, Israel's Organizations: Humanitarian Relief Foundation, Sunday Locations: Gaza, JERUSALEM, Rafah, Israel, COGAT
Washington CNN —America’s top central banker recently said the job market now looks the way it did before the Covid-19 pandemic drastically upended society. Before the Bell spoke with Julia Pollak, chief economist at jobs site ZipRecruiter, about her views of the job market. Before the Bell: Do you agree with Chair Powell’s view that today’s job market is back to a pre-pandemic normal? Why is the job market slower now? The number of job openings is higher than it was by around 15% or so, but online job postings are actually lower by ZipRecruiter’s count.
Persons: Washington CNN —, , Jerome Powell, Powell, it’s, Bell, Julia Pollak, they’re, They’re, Olesya Dmitracova, Emmanuel Macron, Read, Patrick Harker, Lisa Cook, Tom Barkin, Susan Collins, Adriana Kugler, Lorie Logan, Alberto Musalem, Goolsbee Organizations: CNN Business, Bell, Washington CNN, Fed, Labor, EU, National, New York Fed, Manufacturing Index, Reserve Bank of Australia, US Commerce Department, Federal Reserve, National Association of Home Builders, Accenture, Kroger, Darden, Bank of England, US Labor Department, Philadelphia Fed, Richmond Fed, Global, National Association of Realtors Locations: Washington, France, Wells Fargo
If the international expansion of Japanese companies is any guide, Chinese companies still have significant potential left in the global market. The company did not break out overseas revenue for the first quarter, but said overall revenue grew by 14% from a year ago to 3.8 billion yuan. When compared to Japanese companies, the contribution of overseas revenue to the total for Chinese businesses is low across industries. "We believe Zhejiang Dingli will benefit from strong boom lift sales growth, especially in the US market," the HSBC report said. I think the conversation has moved now more toward being tough on global trade or free trade," David Chao, global market strategist, Asia Pacific (ex-Japan), at Invesco, said during a webinar Thursday.
Persons: Steven Sun, Christine Peng, Anker, Dingli, Snibe, David Chao, — CNBC's Michael Bloom Organizations: HSBC, CSI, Japan's Nikkei, HSBC Qianhai Securities, UBS Asia Pacific, Companies, Amazon, Apple, Google, U.S . Commerce Department, Shenzhen New Industries Biomedical Engineering, Asia Pacific, U.S, Association of Southeast Asian Nations, Union Locations: China, Japan's, Shanghai, Germany, Indonesia, East, South America, Shenzhen, Zhejiang, Snibe — Shenzhen, U.S, Asia, Japan, Invesco, Singapore, The U.S
Rachel Pohl, 34, who lived in San Francisco for several years, and her husband, Jesse Rosenthal, are just two of the people who left. They had been considering moving away from California for quite some time before leaving San Francisco in the fall of 2020. She has also found the people are more diversified in terms of jobs, as opposed to the dominance of tech in the San Francisco area. Realtor.com noted both San Francisco and Chattanooga as buyer's markets at the moment, where the "supply of homes is greater than the demand for homes." Have you moved out of San Francisco or somewhere else in the US?
Persons: , Francisco, It's, Rachel Pohl, Jesse Rosenthal, they're, Pohl, she's, let's, " Pohl, hadn't, Chattanooga Pohl, it's, Realtor.com Organizations: Service, Chattanooga, Business, ., San Locations: San Francisco, Chattanooga , Tennessee, California, . Montana, Chattanooga, Durham , North Carolina, Francisco, Tennessee, San Franciso, there's, mhoff@businessinsider.com
When consumer sentiment falters or the economy starts to teeter, RV sales follow suit, said Michael Hicks, an economics professor at Ball State University and director of Indiana University’s Center for Business and Economic Research. “People don’t make these large, luxury purchases unless they’re actually feeling better about the economy,” said Hicks, who follows the RV industry closely. “It’s so sensitive to interest rate changes, which often precede a downturn.”A Winnebago travel trailer at Motor Sportsland RV dealership in Salt Lake City on April 6, 2020. Nika Shneyder and her father and business partner, Alex Shneyder, standing by a Chill RV in Malibu RV Park, California, in 2019. They moved down to a historically strong, but noticeably smaller, 493,000 the next year, according to data from the RV Industry Association.
Persons: That’s, Nika Shneyder, “ We’re, ” Shneyder, , Michael Hicks, , Hicks, George Frey, bode, ” Michael J, Happe, hasn’t, We’ve, we’ve, Covid, Alex Shneyder, Nika, they’d, Monika Geraci, David Titus, Ty Wright, there’s, Ball State’s Hicks, ’ Titus, they’re, we’ll, Titus, ” Titus Organizations: CNN, Ball State University, Indiana University’s Center for Business, Economic Research, Bloomberg, Getty, Winnebago Industries, RV Industry, Dealers, RVs, Consumers, HL Enterprise, Manufacturing, of Labor Statistics Locations: Los Angeles, teeter, Salt Lake City, YOLO, Malibu, , California, Elkhart , Indiana, The Northern Indiana, South Bend, Elkhart, , Elkhart .
As I sorted his clothes with my mom and sister, we selected items to keep. My sister kept a denim jacket and my mother his boina. My father was a foot taller than me, and wearing his clothes makes me feel protected, as if he's hugging me. Grief and nostalgia often go hand in hand. I often see the pair of Keen sandals he wore, and every time, I'm hit by a wave of grief.
Persons: Gina Moffa, I've, Moffa, He'd, Keen, I'm Organizations: Service, Business, Uruguayan, Rolex Locations: Uruguayan, Uruguay, Luxor, Egypt, Mexico
I started making money in the first two years of my business, but I didn't make as much money as I thought I would. As my business grew, I started to make more money than my husbandI realized I was making more money than my husband in a tax meeting. AdvertisementOnce he became a firefighter, my husband made about $100,000 a year. I can move anywhere with my job, but it wasn't easy for my husband to move to another state. My husband told me he wishes he could reverse roles and succeed at my level, but that's not our reality.
Persons: Amy Porterfield, It's, Tony Robbins, Tony, would've, He's, wasn't, it's, I'd, that's, I'm Organizations: Service, Business Locations: Nashville, California, Tennessee
Colin Bridgerton and Penelope Featherington get married and have a baby. Nicola Coughlan as Penelope Featherington and Luke Newton as Colin Bridgerton in season three, episode seven of "Bridgerton." But Penelope's Lady Whistledown secret threatens their relationship. Cressida Cowper (Jessica Madsen), who pretends to be Lady Whistledown for the reward, also finds out Penelope's secret and attempts to blackmail her. The finale ends with Penelope retiring her literary persona, and formally introducing herself as Penelope Bridgerton in her column.
Persons: Colin Bridgerton, Penelope Featherington, Nicola Coughlan, Luke Newton, Liam Daniel, Colin, Colin's unkind, Penelope, Whistledown, Cressida Cowper, Jessica Madsen, Queen Charlotte, Golda Rosheuvel, Lady Whistledown, Penelope Bridgerton Organizations: Netflix
That's the question I've been asking myself every June since Amazon Prime first hooked me more than 10 years ago with a deeply discounted rate for college students. Let's audit the Prime perks that I do — and don't — use, and see if it's worth keeping around for another year. But the convenience of being able to find most products I'm shopping for and receive them in a timely manner is still a huge value for me. Smith Collection/gado | Archive Photos | Getty ImagesOn paper, there's value that I'm leaving on the table with my Prime membership. The newly added Grubhub+ membership is nice to have, but spending more money on take-out because of Amazon Prime will only make my membership feel more expensive, not less.
Persons: I've, I'm, It's, aren't Organizations: Amazon, Netflix, Max, Spotify, Getty, UPS, Yankees, Foods, New York Public Library Locations: Seattle
D'Aungilique Jackson, of Fresno, California, holds a "Cancel Student Debt" sign outside the U.S. Supreme Court in Washington, D.C., after the nation's high court struck down President Joe Biden's student debt relief program on Friday, June 30, 2023. Kent Nishimura | Los Angeles Times | Getty Images'A common-sense fairness question'"There is a common-sense fairness question when it comes to erasing student debt," Griffin wrote in an email to CNBC. "Our priorities should be preventing and alleviating student debt, rather than insisting on a narrative of personal responsibility." So student loan forgiveness may affect more Democrats than Republicans directly." Some who oppose student loan forgiveness view education as a private commodity that benefits the person who purchases it."
Persons: D'Aungilique Jackson, Joe Biden's, Kent Nishimura, Griffin, Kate Padgett Walsh, they've, Padgett Walsh, Devin Singh, Singh, there's, Charlie Eaton, haven't, Eaton Organizations: U.S, Supreme, Washington , D.C, Los Angeles Times, Getty, CNBC, Biden, Valuable Education, Iowa State University, Dartmouth College, Democratic, University of California Locations: Fresno , California, Washington ,, Arkansas, Merced
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