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☆ With Hurricane Helene disrupting travel, here’s what fliers need to know
▼ + stars: | 2024-10-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Men inspect the damage from flooding in the aftermath of Hurricane Helene on Sept. 28, 2024 in Asheville, North Carolina. Hurricane Helene made landfall Thursday in Florida as a Category 4 storm, leaving a swath of wind- and flood-related damage across Florida, Georgia, North Carolina, South Carolina, Virginia and Tennessee. Airlines make concessions in some casesDamage to a store in Valdosta, Georgia, from Hurricane Helene. Michael M. Santiago | Getty Images News | Getty ImagesSome airlines are making concessions tied to Hurricane Helene, though they vary by carrier and geography. For example, American Airlines, Delta Airlines and United Airlines have alerts about flooding in the Southeast.

Persons: Hurricane Helene, Sean Rayford, Eric Napoli, Helene, Taylor, Napoli, Michael M, Sally French Organizations: Getty, North Carolina Department of Transportation, U.S . Department of Transportation, Finance, Santiago, Hurricane, American Airlines, Delta Airlines, United Airlines, Valdosta ., Delta Locations: Hurricane, Asheville , North Carolina, Southeast U.S, U.S, Florida, Florida , Georgia, North Carolina, South Carolina, Virginia, Tennessee, Valdosta , Georgia, Georgia, Valdosta, Valdosta . United, Augusta , Georgia, Asheville

On a more micro level, many ETF investors can sidestep the fund-level capital gains taxes incurred by many investors who own mutual fund shares, experts said. However, mutual fund managers can also generate capital-gains taxes within a fund itself when they buy and sell securities. Costs are lowThe first ETF was an index fund: the SPDR S&P 500 ETF Trust (SPY ). Index funds, also known as passively managed funds, track a market index like the S&P 500 . Investors have equated ETFs with index funds since their inception, even though there are also index mutual funds, experts said.

Persons: Michael McClary, Bryan Armour, Armour, McClary, Morningstar, Michael Iachini, Charles Schwab, Morningstar's, they're, Michael M Organizations: Getty, Exchange, Morningstar, Valmark Financial, Investors, North America, Trust, Financial, Retail, McKinsey, SEC, Securities, Exchange Commission, Stock, New York Stock Exchange, Santiago

☆ States forge ahead with Inflation Reduction Act energy rebates — so far, South Dakota is the only one to opt out
▼ + stars: | 2024-09-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

South Dakota is not participatingSouth Dakota Gov. The $68.6 million of federal money that had been set aside for South Dakota rebates will be redistributed among participating states. Fury also noted this isn't the first time South Dakota has rejected federal spending. Bipartisan legislation to create an energy rebate program had existed almost a decade earlier, like the Home Star Energy Retrofit Act in 2010. Ron DeSantis in 2023 had vetoed the state's authority to spend about $5 million of federal funds to administer the energy rebate program.

Persons: I'm, Kara Saul, Rinaldi, Kristi Noem, Scott Olson, Ian Fury, Fury, Saul, Ron DeSantis, Robert Gauthier Organizations: New York, U.S . Department of Energy, AnnDyl, D.C, DOE, of Columbia, Energy, South Dakota Gov, Republican National Convention, Getty, Green, Gov, Republican, South Dakota Bureau of Finance, Management, Home Star Energy, Republican Gov, state's Department of Agriculture, Consumer Services, CNBC, Florida Gov, Los Angeles Times, Department of Agriculture Locations: Arizona, Maine, New Mexico, Rhode Island, Wisconsin, Washington, California , Colorado , Connecticut, Delaware, Florida, Georgia, Hawaii , Illinois , Indiana , Michigan, Minnesota , New Jersey , New Hampshire , Massachusetts, North Carolina , Oregon , Tennessee , Vermont, West Virginia, Dakota, South Dakota, Rinaldi . Florida

☆ Are immigrants taking jobs from 'native' U.S. workers? Here's what economists say
▼ + stars: | 2024-09-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

Immigrants expected to boost the economyThere are several reasons why immigrants largely benefit the economy and job market, economists said. Immigrants take jobs but they also create new ones by spending in local economies and by starting businesses, economists said. One 2020 research paper from the National Bureau of Economic Research found immigrants are 80% more likely to become entrepreneurs than native workers. To the extent there's job competition from new immigrants, it tends to fall mostly on prior immigrants rather than native U.S. workers, according to the National Academies paper. "Sudden surges of immigration obviously affect the ability of native workers to find and take jobs on a given afternoon," Clemens said.

Persons: Kamala Harris, Donald Trump, Carlos Moreno, NurPhoto, Donald Trump's, Pew, Alexander Arnon, Michael Clemens, Clemens, Cohen, Giovanni Peri, it's, Peri, Arnon, Penn Wharton, Tim Chapman, George Borjas, Borjas —, —, Mariel boatlift, Borjas, Stephen Miller, Trump, Anna Kelly, David Card, Joe Sohm Organizations: Juventud, Getty, Republican, Trump, Pew Research Center, Pew, Penn Wharton Budget Model, Immigrants, National Bureau of Economic Research, Congressional, Office, Congress, George Mason University, Penn Wharton Budget, Immigration, El, Bloomberg, U.S, Global Migration, University of California, National Academies of Sciences, Engineering, National Academies, Florida Straits, Miami Herald, Harvard, Academies, Republican National Committee, America, Universal Locations: Tijuana , Mexico, Wilmington , North Carolina, U.S, El Chaparral, San Ysidro Port, Davis, Key West , Florida, Mariel, Florida, South Florida, Miami, USA, San Francisco

☆ Take a look inside a $1.1 million 'zero emissions' home
▼ + stars: | 2024-09-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Courtesy: Wojciechowski FamilyGreg Iacurci: What does it mean for your home to be considered 'zero emissions'? Not only am I producing solar [energy] and any excess is going back onto the grid, but the power from the grid coming into my home is clean and sustainable. MW: Our utility bills are projected to be about $917 a year with [solar] panels, or around $80 a month. Courtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyGI: What do you mean solar offsets it? Solar panels only make sense if you build an energy-efficient home that's really all-electric.

Persons: Morgan Wojciechowski, Casey, Greg Iacurci, That's, It's Organizations: Dominion Locations: It's, Walnut, U.S

☆ 401(k) savers can access one of the 'rare guarantees' in investing, CFP says
▼ + stars: | 2024-09-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Yet, according to financial advisors, there is an outlier in the realm of investing: the 401(k) match. The basic concept of a 401(k) match is that an employer will make a matching contribution on workers' retirement savings, up to a cap. In this example — a dollar-for-dollar match up to 3% — the investor would be doubling their money, the equivalent of a 100% profit. "If you were in Vegas and every time you put $1 in [the slot machine] you got $2 out, you'd probably be sitting at that slot machine for a mighty long time," said Elliott, a member of CNBC's Advisor Council. However, that money can come with certain requirements like a minimum worker tenure, more formally known as a "vesting" schedule.

Persons: Kamila Elliott, you'd, Elliott Organizations: Collective Wealth Partners Locations: Atlanta, Vegas

☆ Pesky medical bill? Most people don't take a key step to manage that debt, study finds
▼ + stars: | 2024-09-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Getty ImagesConsumers may feel their medical bills are unyielding, inflexible, set in stone. About 26% of people who called because they disagreed with a charge or couldn't afford to pay it got their medical bill corrected after the outreach, according to the study, published in August. About 1 out of 5 respondents reported receiving a medical bill with which they disagreed or could not afford within the prior 12 months. How to manage medical billsConsumers should ask up front what a medical visit or procedure will cost, or inquire what the estimated cost will be, she said. Sometimes, consumers will pay "a heck of a lot less" if they pay in cash rather than via insurance, McClanahan said.

Persons: that's, Erin Duffy, Stocks, Duffy, Carolyn McClanahan, McClanahan Organizations: Getty, University of Southern, USC Schaeffer Center for Health, Economics, Finance, Savings, Bills, Financial, Planning Partners Locations: University of Southern California, Jacksonville , Florida

☆ Planning to delay retirement may not rescue you from poor savings
▼ + stars: | 2024-09-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Alistair Berg | Digitalvision | Getty ImagesPlanning to work longer is a popular escape hatch for Americans who feel they've saved too little to support themselves in old age. About 27% of workers intend to work in retirement because they need to supplement their income, according to a new CNBC and SurveyMonkey survey. While working longer is among the best ways to shore up one's nest egg, the plan may backfire, according to retirement experts. If workers lose those wages, they'd have to figure out another way to make their retirement savings last. There are benefits to working longerWorking longer — for those who can do it — is a financial boon, according to retirement experts.

Persons: Alistair Berg, Digitalvision, they've, Philip Chao, Chao, EBRI Organizations: Getty, CNBC, Workers, Urban Locations: John , Maryland

☆ This is the 'billion-dollar blind spot' of 401(k)-to-IRA rollovers, Vanguard finds
▼ + stars: | 2024-09-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Rollovers from a workplace retirement plan to an IRA are common after reaching certain milestones like changing jobs or retiring. watch nowAbout two-thirds of rollover investors hold cash unintentionally: 68% don't realize how their assets are invested, compared to 35% who prefer a cash-like investment, according to Vanguard. The asset manager surveyed 556 investors who completed a rollover to a Vanguard IRA in 2023 and left those assets in a money market fund through June 2024. "IRA cash is a billion-dollar blind spot," Andy Reed, head of investor behavior research at Vanguard, said in the analysis. 'It always turns into cash'The retirement system itself likely contributes to this blind spot, retirement experts said.

Persons: Sergio Mendoza Hochmann, Andy Reed, Stocks, Philip Chao, Grace Cary, they're, Chao Organizations: Vanguard, Vanguard IRA, Finance, Security Locations: John , Maryland

☆ Stocks often drop in September — but many investors shouldn’t care
▼ + stars: | 2024-09-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Traders on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images News | Getty ImagesSeptember historically hasn't been kind to stock investors. September is the only month during that nearly century-long period in which investors experienced an average loss, according to Morningstar. Trying to time the market is a losing betAlistair Berg | Digitalvision | Getty ImagesInvestors holding their money in stocks for the long-term shouldn't bail, Yoder said. Don't put faith in market maximsSimilarly, investors shouldn't necessarily accept market maxims as truisms, experts said.

Persons: Spencer Platt, Morningstar, Abby Yoder, Yoder, Alistair Berg, Digitalvision, Edward McQuarrie, McQuarrie, couldn't, J.P Morgan Organizations: New York Stock, Getty, Morningstar Direct, Finance, Morgan Private Bank, Investors, Santa Clara University, Fidelity Investments, Federal Reserve, Investor, Mutual Locations: U.S, Wells, New York City, New York

☆ Here's the deflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

It means that, in aggregate, the average prices of goods and services are rising, just more slowly. Where prices have deflatedFor example, prices have declined by about 5% for furniture and bedding and 3% for appliances since August 2023, according to CPI data. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Airline fares have declined about 1% over the past year, according to CPI data. Grocery prices have fallen for items such as apples, potatoes, ham, coffee, rice, seafood and bananas, according to CPI data.

Persons: Stephen Brown, it's, Sarah House, They've, women's outerwear, Brown Organizations: North, Capital Economics, Finance, Social Security, Wells, Wells Fargo Economics, U.S, International Air Transport Association Locations: U.S, North America, Wells Fargo, China

☆ Here’s the inflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

"We'd expect inflation to continue to subside," though with "some ups and downs" in the data from month to month, House said. Housing inflation is falling but still highInflation for physical goods spiked as the U.S. economy reopened in 2021. Shelter is largest component of the CPI, and therefore has an outsized effect on inflation readings. Such data quirks mask positive news in the real-time rental market, which has seen minimal inflation for about two years, economists said. However, shelter CPI inflation has appeared to defy gravity lately: It increased on a monthly basis for two consecutive months, from 0.2% in June to 0.4% in July, and then to 0.5% in August.

Persons: Grace Cary, Sarah House, It's, hasn't, Paul Ashworth, Ashworth, — Organizations: Wells, Wells Fargo Economics, U.S . Department of Labor, North, Capital Economics, U.S . Federal, Finance, CPI, BLS Locations: U.S, Wells Fargo, North America

☆ It's not always 'a sexy thing' to be a millionaire, former NFL linebacker Brandon Copeland says. Here's why
▼ + stars: | 2024-09-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +10 min

Brandon Copeland Copeland MediaBrandon Copeland is a former NFL linebacker turned coach. Brandon Copeland: Feeling unprepared for some of the major financial decisions in life. I think that's important to start to develop your stomach. I always break that down as, that's a lot of Chipotle burritos, that's a lot of dinners, that's a lot of time with my family at the water park. Brandon Copeland Copeland MediaGI: One of the first things that you encourage people to do in the book is say aloud to themselves, "I can be wealthy."

Persons: Brandon Copeland Copeland, Brandon Copeland Copeland Media Brandon Copeland, gravitates, —, Cope, Copeland, Greg Iacurci, Brandon Copeland, That's, you've, Bloomberg —, I'm, it's Organizations: Brandon Copeland Copeland Media, NFL, National Football League, University of Pennsylvania's Wharton School, New York Jets, CNBC, Financial Wellness Advisory Board, Athletes.org, Orlando, Baltimore Ravens, NFL Players Association, Lions, Yahoo Finance, Wall Street Journal, Bloomberg Locations: isn't, New Jersey, Detroit

☆ Why the father of 'life planning' says you're managing money the wrong way
▼ + stars: | 2024-09-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

George Kinder Kinder Institute'You should be focused on your dream of freedom'Greg Iacurci: What is the basic premise of the life planning movement? George Kinder Kinder InstituteGI: But that's not necessarily to say that the way that people are saving is wrong, right? Maybe you're doing more remote work. Maybe you're already looking at where it is you want to stay, and figuring out how, in a year or two, you can spend three months there. So you're moving actively toward the freedom as part of the program of financial planning, of your financial life.

Persons: George Kinder, Greg Iacurci, I've, they've, It's, you've, it's, they're Organizations: George Kinder Kinder Institute, GK, Street, Kinder Institute of Life Locations: West Virginia, Ohio

☆ U.S. job market slows, but it's not yet a 'three-alarm fire,' economist says
▼ + stars: | 2024-09-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

The unemployment rate also fell slightly, to 4.2% from 4.3% in July. For example, average job growth was 116,000 over the past three months; the three-month average was 211,000 a year ago. The unemployment rate has also steadily risen, from 3.4% as recently as April 2023. In other words, many more Americans entered the job market and looked for work; they're counted as unemployed until they find a job. That said, the job hunt has become more challenging for job seekers than in the recent past, according to Bunker.

Persons: Michael M, Ernie Tedeschi, Biden, hasn't, Julia Pollak, Bunker, " Tedeschi, Tedeschi Organizations: FedEx, Broadway, Santiago, Getty, of Labor Statistics, Yale Budget Lab, White House Council, Economic Advisers, Labor Department, ZipRecruiter, Workers, ., Federal Reserve Locations: New York City, U.S

☆ How high earners can funnel money to a Roth IRA, the 'gold standard' of retirement accounts
▼ + stars: | 2024-09-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Roth contributions don't get the same upfront tax break: Investors fund Roth IRAs with after-tax money, but generally don't pay income taxes on earnings or withdrawals in retirement. The 'only reason' to save in a nondeductible IRALordhenrivoton | E+ | Getty ImagesHigh earners can contribute to a so-called nondeductible IRA, however. The ability to use the backdoor Roth IRA is a major benefit of these accounts, tax experts said. watch now"The only reason you'd do [a nondeductible IRA] is if the intention was to do a backdoor Roth," Slott said. "All high wage earners should consider looking at both a backdoor Roth IRA and a mega backdoor Roth IRA if they can't set up a Roth IRA," said Ted Jenkin, a certified financial planner and founder of oXYGen Financial, based in Atlanta.

Persons: Thomas Barwick, Roth, Slott, Ted Jenkin, He's Organizations: Investors, Roth IRA, IRA, CNBC, Taxpayers, IRS, Arnold, Mote Wealth Management, Medicare, nondeductible Locations: deductibility, Atlanta, Hiawatha , Iowa

☆ American demand for international trips drives 'travel momentum' and overall spending
▼ + stars: | 2024-09-02 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Travel spending among American households continues to outpace its pre-pandemic levels, a trend underpinned by a zeal for international trips, according to new Bank of America research. "A key part of travel momentum lies within vacationing abroad," Taylor Bowley and Joe Wadford, economists at the Bank of America Institute, wrote in a note Wednesday. Overall, travel spending is down slightly from 2023, yet it remains "much higher" than 2019 — up by 10.6% per household, they wrote, citing Bank of America credit and debit card data from January to mid-August. About 17% of Americans said in June that they intended to vacation abroad during the next six months, up from roughly 14% in 2018 and 2019, according to a recent Conference Board survey. "I do expect the demand to continue," said Hayley Berg, lead economist at travel site Hopper.

Persons: Taylor Bowley, Joe Wadford, Taylor, Wadford, Hayley Berg, Hopper Organizations: Bank of America, Bank of America Institute, Finance, Board

☆ How investors can prepare for lower interest rates: It's 'like getting a haircut,' advisor says
▼ + stars: | 2024-08-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Lower interest rates are "generally positive for stocks," said Marguerita Cheng, a CFP and chief executive of Blue Ocean Global Wealth, based in Gaithersburg, Maryland. Considerations for cash, bonds and stocksFalling interest rates generally means investors can expect lower returns on their "safer" money, advisors said. High interest rates have meant investors enjoyed fairly lofty returns on these lower-risk holdings. Winnie Sun co-founder and managing director of Sun Group Wealth PartnersHowever, such returns are expected to fall alongside declining interest rates, advisors said. "They'll be crying in six months when interest rates are a lot lower," she said.

Persons: Jerome Powell, Andrew Harnik, Winnie Sun, Lee Baker, Powell, Stephen Brown, Marguerita Cheng, Sun, Powell didn't, Ted Jenkin, Carolyn McClanahan Organizations: Getty, Sun Group Wealth Partners, Financial Advisors, Finance, North, Capital Economics, Blue, Sun Group Wealth, Planning Partners Locations: Irvine , California, Atlanta, Jackson Hole , Wyoming, U.S, North America, Gaithersburg , Maryland, Jacksonville , Florida

☆ Why remote work has staying power: It's 'still kicking,' economist says
▼ + stars: | 2024-08-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

watch nowSuch arrangements were rare before the pandemic, economists said. While remote work opportunities have waned from their peak, they appear to have stabilized well above their pre-pandemic levels, economists said. "Remote work is not going away," Nick Bloom, an economics professor at Stanford University who studies workplace management practices, recently told CNBC. Why remote work has enduredRemote work has endured largely because it benefits both workers and employers, economists said. Remote work also opens up the pool of potential candidates during hiring, Bunker said.

Persons: Taiyou, Nick Bunker, Nick Bloom, Bunker, Bloom Organizations: Digitalvision, North America, Stanford University, CNBC, Finance, Workers, Research Locations: U.S

☆ 401(k) rollover advice rule is at risk. Here's what retirement savers need to know
▼ + stars: | 2024-08-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Two federal district courts in Texas issued a national "stay" of the regulation, in separate rulings in July. The rule will "create a level playing field" for all trusted investment professionals, according to a Labor Department spokesperson. "The insurance industry can continue to advise investors and sell annuities, without giving advice that is imprudent, disloyal, or tainted by misrepresentations or overcharges," the spokesperson said. Current retirement rollover advice rules stay in effectIn the meantime, the current status quo remains in effect, attorneys said. Current rules let brokers give investment advice that earns them a higher commission but isn't in savers' best interests, the Labor Department said during the rulemaking process.

Persons: Julie Su, Chip Somodevilla, Fred Reish, Drinker Biddle, didn't Organizations: Getty, U.S, Northern, Northern District of, American, of, United States Department of Labor, Americans, Consumer Choice, Department of Labor, Labor Department, Department of Justice, Biden, National Association of Insurance, Financial Advisors, National Association Locations: Texas, Northern District, Northern District of Texas, ACLI, NAIFA, Dallas, Fort Worth

☆ Flood insurance likely doesn't cover storm damage in your basement
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Homeowners and renters insurance policies do not cover flood damage, however. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. On average, about 30% of U.S. homes in the highest-risk areas for flooding have flood insurance, according to the University of Pennsylvania's Wharton Risk Center. Private insurers also offer flood policies and may offer higher coverage than FEMA's policies, according to the Insurance Information Institute. What basement items are covered by flood insurance?

Persons: Debby, Joe Raedle, Storm Debby, Miguel J, Rodríguez Carrillo, Johnson, Jessica Rinaldi, Kochenburger, Anna Moneymaker, NFIP, Don Griffin, Peter Kochenburger Organizations: Getty, Federal Emergency Management Agency, Homeowners, Flood Insurance, FEMA, University of Pennsylvania's Wharton Risk, Insurance, Boston Globe, Consumers, Lincoln, Washington DC, American, Casualty Insurance Association, CNBC, Southern University Law, Census Locations: Cedar Key , Florida, Charleston , South Carolina, U.S, Vermont, Washington ,, Washington, freezers

☆ The unemployment insurance program is unprepared for a recession, experts say
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

However, the system that workers rely on to collect unemployment benefits is at risk of buckling — as it did during the Covid-19 pandemic — if there's another economic downturn, experts say. Unemployment insurance provides temporary income support to laid-off workers, thereby helping prop up consumer spending and the broader U.S. economy during downturns. There's also wide variation among states — which administer the programs — relative to factors like benefit amount, duration and eligibility, according to the report, authored by more than two dozen unemployment insurance experts. Why the unemployment insurance program buckledJoblessness ballooned in the pandemic's early days. Claims for unemployment benefits peaked at more than 6 million in early April 2020, up from roughly 200,000 a week before the pandemic.

Persons: Joe Raedle, Michele Evermore, There's, Andrew Stettner, NASI, Stettner, haven't, Indivar Dutta, Gupta Organizations: Getty, The Century Foundation, U.S . Labor Department's, National Academy of Social Insurance, Labor, Labor Department, Roosevelt Institute Locations: Florida, Sunrise , Florida, U.S

☆ Summer is ‘high season’ for flight delays. Here’s what travelers need to know
▼ + stars: | 2024-08-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Ironheart | Moment | Getty ImagesThe summer travel season is in full swing, often bringing more flight delays and cancellations. 'High' season for flight delays and cancellationsMid-June to the end of August typically marks "high season" for flight disruptions, Napoli said. "This summer will see more planes in the skies, frequent bad weather, and increased use of the nation's airspace," according to a Federal Aviation Administration webpage about summer travel. What Taylor Swift's The Eras Tour says about 'passion tourism'5 ways to maximize your vacation days More broadly, airline compensation policies vary for delays and cancellations. A recent spate of delays and cancellations related to a global IT outage was deemed a "controllable" event, for example.

Persons: Eric Napoli, Napoli, Hayley Berg, Biden, Taylor Organizations: Federal Aviation Administration, FAA, U.S . Department of Transportation, Consumers, Finance, Transportation, Airlines, Microsoft, Passengers, Union Locations: U.S, Europe

☆ Climate change is gentrifying neighborhoods. In Miami, residents fear high prices — and a lost soul
▼ + stars: | 2024-07-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +16 min

Part of the building site of the Magic City development in Little Haiti. Among the properties is Sixty Uptown Magic City, billed as a collection of luxury residential units. Plaza Equity Partners, a real estate developer and one of the Magic City partners, did not respond to CNBC's requests for comment. Magic City development site in Little Haiti. Magic City investors also invested $31 million in the Little Haiti Revitalization Trust, created and administered by the City of Miami to support community revitalization in Little Haiti.

Persons: Greg Iacurci, Greg Iacurci MIAMI — Nicole Crooks, James Brown, Sam Cooke, Ray Charles, Aretha Franklin, Ella Fitzgerald, Jackie Robinson, Joe Louis, Overtown, Crooks, Nicole Crooks, Carl Gershenson, Gershenson, Moody's, Robert Zangrillo, Princeton's Gershenson, Andrew Rumbach, Chris Rogers, Rumbach, Brown, Fredericka Brown, Carolyn Donaldson, Greg Iacurci Carolyn Donaldson, Donaldson, David Arditi, Greg Iacurci Flood, Arditi, homebuyers, Han Li, Richard J, Grant, Todd Crowl, Urban Institute Paulette Richards, Richards, who's, Carl Juste, Greg Iacurci Carl Juste's, — Viter, Maria Juste, Little, Little Haiti —, " Juste, Juste, Neil Fairman Organizations: Lyric, Greg Iacurci MIAMI, Catalyst Miami, Princeton University Eviction, Magic City, Liberty City —, Dade, Harvard University, Florida International University, Magic City Innovation, Dragon, Miami ZIP, Liberty City, Miami, West Palm Beach, Boca Raton, Urban Institute, Marshall Fire, Photodisc, Georgia Institute of Technology, Brookings Institution, Macedonia Missionary Baptist Church, Macedonia Missionary Baptist, Grove Rights, Community Equity, Development, Developers, City, Aria Development, Federal Emergency Management Agency, University of Miami, Florida International University Institute of Environment, Women, Leadership Miami, Little Haiti, Magic City Innovation District, Dragon Global, Magic, Plaza Equity Partners, Lune, Lambert, Little Haiti Revitalization Trust Locations: Miami's Overtown, Miami, Overtown , Miami, Magic, Little Haiti, U.S, Zillow, Overtown, Allapattah, Liberty, Dade County, Kendall, West Palm, Delray, Honolulu, Louisville , Colorado, Colorado, Coconut Grove, Macedonia, West, West Grove, Bahamas, Grove, City of Miami, Brickell, Caribbean, Liberty City, Haitian Diaspora, Magic City, Lune Rouge

☆ Job seekers are sour on the cooling labor market
▼ + stars: | 2024-07-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Nitat Termmee | Moment | Getty ImagesWorkers are souring on the state of the job market. Workers had reason for euphoria two to three years ago: The job market was red-hot and, by many metrics, historically strong. However, the labor market has slowed gradually. Workers are now having a harder time finding jobs and the labor market, while still solid, could be in trouble if it continues to cool, economists said. While that rate is "consistent with a strong labor market," its steady rise is the "troubling factor," Nick Bunker, economic research director for North America at the Indeed Hiring Lab, wrote in early July.

Persons: Nitat, Nick Bunker, Bunker Organizations: Getty Images Workers, Workers, U.S . Federal Reserve, North America

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