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We have also focused on using our favorite strategy to save on travel — using travel rewards credit card points to get some of it for free. While we mostly rely on airline miles to save money on travel, we also use flexible rewards points and hotel points for some aspects of our plans. My husband's birthday trip to MemphisI was able to book my husband a surprise weekend getaway for his 45th birthday this year using credit card rewards. Still, using rewards to take the sting out of what would otherwise be an expensive trip feels like a win when it makes sense. My whole travel plan also underscores something I have believed about the world of travel rewards for a long time.

Persons: Billy Strings, Rewards, Miles, Billy Organizations: Service, Delta Reserve American, Chase, Hyatt, Hyatt Centric, Hyatt Credit Locations: Memphis, Memphis , Tennessee, Delta, Caribbean, Indianapolis, Delta Comfort, FedExForum

☆ Prices are easing, but wages still lag—here's when they're likely to catch up
▼ + stars: | 2024-09-16 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Looking at a different measure, median real wages — wages adjusted for inflation — have barely budged, growing at just 0.8% over the last year, as of August 2024. With wage growth cooling, the gap between wages and inflation isn't expected to close until the second quarter of 2025, according to Bankrate's projections. Leisure and hospitality workers saw wage growth of 23.7%, which is above the overall average of 17.4%. In contrast, education workers have slipped further behind, with wage gains of only 13.6% over the past three years. The Fed is widely expected to announce its first interest rate cut in more than three years this week.

Persons: there's, Sarah Foster, Foster Organizations: U.S . Department of, Federal Reserve, Wage, CNBC

☆ Solo travel is my secret to a healthy marriage. Spending time apart reminds me of why we got married.
▼ + stars: | 2024-09-14 | by ( Hollie Mclaughlin-Martin | ) www.businessinsider.com time to read: +5 min

Solo travel is my secret to a healthy marriage. Solo travel allows me to slow down and remove the power that life's demands can have. When I travel solo, I am forced to sit with myself and examine things that are boiling under the surface. It could also be said that we have both developed new love languages thanks to solo travel; it has created new ways for us to connect. Rather than fend off questions like my coworker's, I smile to myself because solo travel is my secret to a happy marriage.

Persons: —, I've, Matt, we'd, shouldn't, I'm Organizations: Service, Business, San Francisco's Mission, San Locations: Patagonia, Peru, Jaipur, India, Beijing, China, Francisco, Lexington, San Francisco's, Colombia, Japan, Guatemala, San Francisco

☆ How Bear Grylls spends his 5 to 9 — from walking barefoot outdoors to cold plunges
▼ + stars: | 2024-09-14 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +9 min

But it was a first when Bear Grylls joined our call while hiking in rugged, rural north Wales where he lives. Only seeing him abseil down a mountain with his phone in one hand would have made the set-up any more classic "Bear Grylls." Obama and Grylls on "Running Wild with Bear Grylls." We also make some really good healing mushroom cacao hot chocolates with raw milk and honey, and it's just insanely good. I'm really lucky, I sleep really well.

Persons: I'm, Bear Grylls, Grylls, It's, wasn't, Barack Obama, chow, Zac Efron, Obama, I've, Ian Forsyth, we're, You've, Shara, Karwai Tang, they're, it's Organizations: Eton College, Business, Special Air Service, Delta Force, NBC, British Army, SAS, Royal Marines Locations: Wales, North Wales

I grew up working class and learned good work ethic from my parents. The novelty of cap erasers and Airheads from the school store wore off fast, and money didn't have much luster. In our part of Wisconsin, with its German roots and farm families, work ethic is our moral code. What 'good work ethic' means for your financesBecause it's in my DNA, I can't help but see a strong work ethic as a virtue. What I wish I'd learned about money earlierI'll always be grateful for the work ethic I learned from my parents ... and I wish I'd gotten the nuances of money a bit earlier in life.

Persons: —, didn't, I'd, you've, I'm, fritz, it's, I've Organizations: Service, Quicken Locations: Midwest, Wisconsin

☆ Special needs trusts bring peace of mind to aging parents
▼ + stars: | 2024-09-13 | by ( Hannah Frances Johansson | ) edition.cnn.com time to read: +17 min

Because of her disability, Rachel doesn’t work. The SNT is in place to pay for unmet needs and enhance his quality of life after his parents die. Unlike SNTs, ABLE accounts can be owned and accessed directly by the person with the disability. However, like first-party SNTs, ABLE accounts may be subject to Medicaid payback after the individual with a disability dies. Like her mother, Rachel Tung has a love for San Francisco, its arts and its culture.

Persons: Linda Tung, Rachel, Tung, Tung’s, Rachel doesn’t, we’re, ” Tung, “, David Goldfarb, ” Goldfarb, they’re, ”, Stephen Dale, Amin Muhammad Amy Tessler, Scott, ” Tessler, Tessler, ” Dale, You’re, Goldfarb, ” Hall, Dale, Sabrina Padillo, —, Padillo, she’s, ” Padillo, fiduciaries, “ We’re, Tesslers, Scott ., SNTs, “ I’ve, Alisa Ferguson, Virginia’s, haven’t, ” Ferguson, Rachel’s, Rachel Tung, “ She’s, Amin Muhammad Mother, “ I’m, ” Rachel, … Everything’s, Hannah Frances Johansson, Amin Muhammad Organizations: Berkeley , California CNN, Population, Mercy, Hall Law Firm, Lawyers, Dale Law, Children, Housing, The Dale Law Firm, Services, San, Rehabilitation Care, Golden State, Trust, Alliance, Legion, de, Academy of Sciences, University of California, Graduate School of Journalism Locations: Berkeley , California, San, Golden, “, San Francisco, Dale, Pacheco , California, Sunflower, California’s East Bay, Oakland, Sunflower Hill, San Diego, Thailand, Berkeley, Santa Cruz, de Young, Castro

☆ Households are still feeling the pinch in the U.K, analyst says
▼ + stars: | 2024-09-11 | 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 EmailHouseholds are still feeling the pinch in the U.K, analyst saysTom Steel, strategic insight director at Kantar, discusses the U.K. economy with CNBC.

Persons: Tom Steel Organizations: U.K, CNBC

☆ Ed Kranepool, longest-tenured player in New York Mets history and member of Miracle Mets, dies at 79
▼ + stars: | 2024-09-10 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

Ed Kranepool, the longest-tenured player in New York Mets history and a member of the Miracle Mets when they won the 1969 World Series, died Sunday. A native of New York, the first baseman/outfielder spent 18 seasons with the Mets, hitting .261 over 1,853 regular-season games. He saved me a lot of stolen bases.”Former New York Met Ed Kranepool at Citi Field in 2022 in New York City. He homered in Game 3 of the 1969 World Series. Ron Swoboda talked fondly about Kranepool being a “wonderful guy and even better teammate.” Swoboda said they went into the restaurant business together.

Persons: Ed Kranepool, Kranepool, “, Jerry Koosman, Former New York Met Ed Kranepool, Jim McIsaac, Louis, Bob Forsch.Kranepool, “ Ed, Alex Cohen, Ed, ” Jay Hook, Ron Swoboda, ” Swoboda, Cleon Jones, ” Jones, Eddie, ” Organizations: New York Mets, Miracle Mets, Mets, National League, Former New York Met, Citi Field, James Monroe High School, Chicago Cubs, St, ” Mets Locations: New, Boca Raton , Florida, New York, New York City, Bronx

☆ US employers have good reasons not to hire more workers now
▼ + stars: | 2024-09-08 | by ( Bryan Mena | Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That’s because employers might be putting some of their hiring plans on hold — and for good reason. Businesses consider many factors when deciding to hire, but across a wide spectrum of industries, the economic outlook carries always great deal of weight. Both those factors are prompting employers to think twice about hiring more workers now, according to economists and recent comments from businesses around the country. But she’s proposing raising the corporate tax rate to 28%. So when interest rates are as elevated as they are right now, monthly debt payments could be too costly for many firms.

Persons: there’s, ” Kathy Bostjancic, Reserve Banks, Kamala Harris, Donald Trump, Trump, Harris, ”, Sean Snaith, Julia Pollak, ZipRecruiter’s, ” Pollak, “ It’s, Pollak Organizations: CNN, Labor Department, Federal Reserve, Nationwide, “, Reserve, Trump, America, Economic, of New, Institute for Economic, University of Central, Fed, Treasury Locations: China, of New York, University of Central Florida

☆ MLB player set to make quirky history Monday by playing for two teams in one game
▼ + stars: | 2024-08-23 | by ( Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —Boston Red Sox player Danny Jansen will make Major League Baseball history Monday by playing for two teams in one game, a team spokesperson confirmed to CNN. The Red Sox take on the Toronto Blue Jays at Fenway Park Monday to complete a suspended game between the two teams from June 26. Fenway Park during a rain delay between the Toronto Blue Jays and the Boston Red Sox on June 26, 2024, in Boston. Paul Rutherford/Getty ImagesWith the game resuming and Jansen no longer a Blue Jay but a Red Sox player, the box score will show the 29-year-old featuring for both teams, should he play. On Friday, Red Sox manager Alex Cora announced he intends to help Jansen do something no other major league player has done before.

Persons: Danny Jansen, Jansen, Paul Rutherford, Jay, Alex Cora, ” Cora, Reese McGuire, Cora, “, “ Blair, Barker ”, ” Jansen Organizations: CNN, Boston Red Sox, Major League Baseball, Sox, Toronto Blue Jays, Fenway, Blue Jays, Getty, Red Sox, Boston Herald, Sportsnet, Jays Locations: Boston, Toronto

☆ Opinion | Nate Silver on How Kamala Harris Changed the Odds
▼ + stars: | 2024-08-13 | by ( Ezra Klein | ) www.nytimes.com time to read: +81 min

You know, Hillary Clinton, who was, I think, kind of a terrible candidate, won the popular vote by two points. So I don’t think they gave her a very good hand to play. It doesn’t matter who you are, it matters that you’re right and you’re able to prove it or bet on it in some way. What wasn’t in the Harris model that should have been?” “Yeah, maybe you really can meme your way to victory. And there’s something in it that I don’t think she can explain how she does it, but it makes her a fascinating leader.

Persons: Nate Silver, ”, ESPN’s Nate Silver, Silver, He’s, “ Savage, ” “, he’s, Ezra, Harris, we’ve, Kamala Harris, Donald Trump’s, There’s, Hillary Clinton, she’s, She’s, Gavin Newsom, It’s, Biden, I’m, you’re, Joe Biden, Democratic Party Harris, Liz, —, “, Donald Trump, that’s, George W, Bush, Donald Trump wasn’t, it’s, Michael Jackson, Woody Allen, ’, Chick, don’t, George Floyd, ‘ COVID, COVID, Peter Thiel, Elon Musk, Michael Moritz, Elon, Mark Cuban, Thiel, Max Chafkin, Mark Zuckerberg, Larry Page, Sergey Brin, Marc Andreessen, Ted Cruz, Sam Bankman, Tom Brady, SBF, Carrick Flynn, Oregon’s, I’m Carrick Flynn, Tara MacAulay, vouched, Bill Clinton, Tyler Cowen, they’ve, Jane, JD Vance, Peter Thiel’s, Vance, Trump, Steve Bannon, Don Trump, Jr, Tucker Carlson, Tim Walz, Josh Shapiro, Tell, you’ve, Shapiro, Walz, I’ve, Iglesias, Obama, Susan Collins, Joe Manchin —, Jon Tester, ” “ Sherrod Brown, I’d, Dana White, Hulk Hogan, Joe Biden’s, — let’s, Mike Donilon, Kennedy, ” “ Tim Alberta, Georgia —, Brian Kemp, Blake Masters, Rick Scott, ” “ Trump, Doug Burgum, Black, didn’t, — Woodrow Wilson, Harry Truman, Michael Jordan, everyone’s, Nancy Pelosi’s, Nancy Pelosi, Joe ’, we’re, I’ll, John Coates, Richard Rhodes, Natasha Schüll, Natasha Organizations: Oracle, Trump, Democratic Party, Facebook, Twitter, The New York Times, ’ Harvard University, Democratic White House, Republican White House, Democratic, Silver, George, Vegas, Poker, extroversion, Elon, Sequoia Capital, McLaren, Paypal, Republican, New, PAC, Alameda, Las, Ohio Senate, underperform, White, UFC, RNC, Biden, Biden ., National Association of Black Journalists, Deutsche Bank, Manhattan Project, Design Locations: Nate, Russian, Russia, ’, Elon, Florida, predestiny, Bahamas, Sam, Africa, New York, Oregon, Las Vegas, Petersburg, United States, Ohio, Trump, Minnesota, ” “ Pennsylvania, Pennsylvania, Gaza, Chicago, Montana, Nevada, North Carolina, Georgia, Nevada , Arizona, Biden . Georgia, Carolina, Arizona, Ukraine, LA, It’s, Vegas

☆ 59% of Americans wrongly think the U.S. is in a recession, report finds
▼ + stars: | 2024-08-12 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Officially, the National Bureau of Economic Research defines a recession as "a significant decline in economic activity that is spread across the economy and lasts more than a few months." The last time that happened was early in 2020, when the economy came to an abrupt halt. Economists have wrestled with the growing disconnect between how the economy is doing and how people feel about their financial standing. We're in a 'vibecession'We're in a "vibecession," Joyce Chang, JPMorgan's chair of global research, said at the CNBC Financial Advisor Summit in May. "Everything looks great but when you look beneath the surface, the disparity between the wealthy and nonwealthy is widening dramatically."

Persons: Gene Goldman, Vishal Kapoor, Joyce Chang, JPMorgan's, that's, Chang, Goldman Organizations: Cetera Financial, National Bureau of Economic Research, CNBC, Summit Locations: El Segundo , California

☆ Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won't hit locals' wallets
▼ + stars: | 2024-08-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +7 min

Kevin Voigt | Getty Images Sport | Getty ImagesThe Olympic Games are causing a surge in prices, but French consumers aren't likely to feel its pinch. "The Olympic Games or a Taylor Swift concert create a sudden demand shock," wrote Paul Donovan, chief economist at UBS Global Wealth Management, in a recent analyst note. But in the days after the closing ceremony, Paris hotel bookings are projected to drop from a year ago. Tourists pass near a banner with the Paris 2024 logo before the start of the Paris 2024 Olympic and Paralympic Games on June 17, 2024 in Paris, France. Paris 2024 may generate as much as $12 billion, or 11.1 billion euros, in long-term economic impact, a recent study from the Centre for Law and Economics of Sport estimated.

Persons: Kevin Voigt, Taylor, Paul Donovan, Taylor Swift, Kevin Mazur, Swift, Donovan, Matthias Hangst, it's, ove Organizations: Eiffel, Getty, UBS, UBS Global Wealth Management, Wembley, Olympics, City of Light, Games, CNBC, —, Olympic, Paralympic Games, Paralympics, Paris, Chesnot, Visa, Paris Olympics, Centre for Law, Sport, Olympic Committee Locations: Paris, France, London, City, Greater Paris, U.S, Triomphe, cardholders, Barcelona

☆ How to maintain friendships when you can't afford to go out: 'Know which relationships are valuable to you'
▼ + stars: | 2024-08-07 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +4 min

Look at how much money you're putting into each person with whom you spend time. "When you're reviewing your social spending, really luxuriate in the things that felt good," she says. Let's say you're going to expensive dinners once a month with a friend who makes you anxious. Perhaps it's worth cutting down how much time, and as result how much money, you're spending to maintain that relationship. Bernadette Joy, a self-made millionaire who paid off $300,000 of debt, cut down on social spending by hosting game nights.

Persons: Nashira Lynton, Amanda Clayman, Amanda, Lynton, Clayman, Bernadette Joy, Joy Organizations: Self, Bureau of Labor Statistics

One-fifth of respondents said they follow a “high-protein diet” — more than vegetarian, vegan and gluten-free diets combined. Before recommending a high-protein diet, she looks at pre-existing health conditions, family history and lifestyle. “I really wanted to show how to include protein, from the stance of here are whole-food lean sources of protein you can incorporate that can follow a higher protein diet, but that are still balanced,” she said. When starting a new diet, Stanford, of Mass General, advised seeing a physician or registered dietitian first to evaluate any individual risks and medical history. If a high-protein diet is deemed safe, Stanford encourages patients to be thoughtful and view it as a long-term commitment.

Persons: ”, Fatima Cody Stanford, “, Teresa Fung, Stanford, Monica D’Agostino, ” D’Agostino, Kristin Kirkpatrick, ” Kirkpatrick, Elisabetta Politi, Politi, ” Politi, dietitians, Influencer Ainsley Rodriguez, ” Rodriguez, D’Agostino, ’ ” Stanford Organizations: Massachusetts General Hospital, Harvard Medical School, Simmons University, International Food Information, Cleveland Clinic, Duke, Management, Stanford Locations: Massachusetts, New York City, Durham , North Carolina, TikTok

☆ Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand
▼ + stars: | 2024-08-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York. Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it's seeing signs of slowing demand from U.S. customers. Here's how the company did compared to LSEG estimates for the quarter ended June 30:Earnings per share: $0.86 versus $0.92 expected. Revenue: $2.75 billion versus $2.74 billion expected. It also cautioned that it was "seeing shorter booking lead times globally and some signs of slowing demand from U.S.

Persons: Brian Chesky, Airbnb Organizations: Revenue, Asia Pacific, Federal Reserve Locations: New York, Latin America

☆ Leon Marchand, the king of the 2024 Olympic Games – and the club where it all began
▼ + stars: | 2024-08-05 | by ( Tom Burrows | ) www.nytimes.com time to read: +12 min

This is where a young Leon Marchand first swam. Coloma believes Marchand has been the star of the Olympic Games (Tom Burrows/The Athletic)“Everyone is talking about Leon here. Marchand started out at the small indoor winter pool, before graduating to the Olympic pool at the complex — which also has a huge 150m long summer pool. Knowing that someone like Leon Marchand swam here and became what he is today… it’s very inspiring. “Leon Marchand is the best possible flagship for the city that you can dream of — with Dupont as well.

Persons: “, ”, Michel Coloma, Coloma, Alfred, Leon Marchand, Marchand, Leon, He’s, it’s, ‘, Tom Burrows, didn’t, ‘ It’s, Xavier, Marcel Wouda, Celine Bonnet, Christophe, marchons ’, ‘ Marchand, ’, Kristof Milak, ‘ Ole ’, ” Marchand, Vatsyayana, Nakache, Oscar, ” Xavier, Celine, ” Marchand didn’t, that’s, ” Coloma, ” Nicolas Castel, Remi Lacourt, ” Castel, Michael Phelps ’, Castel, Bob Bowman, Michael Phelps, Bowman, Frenchman, Thomas Sammut, Marchand’s, ” Bowman, Le Monde, Valentine Chapuis, he’s, there’s, Fabien Barthez, Christophe Roussel, towelling, ” Sandra, …, Laura Georgelin, Alex, Antoine Dupont, Jean, Claude Dardelet, “ Leon Marchand, Dupont, Dan Goldfarb Organizations: Olympic, Toulouse Olympique Employes, Olympic Games, Stade de France, Getty, Alfred, AFP, “, Arizona State University, Toulouse, France, Athletic Locations: Toulouse —, Paris, Toulouse, it’s, Coloma, Paris ’, Leon, Barcelona, Seoul, Tokyo, AFP, U.S, Arizona, France, “ Toulouse

☆ Here are JPMorgan's top stock picks for August
▼ + stars: | 2024-08-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Some stocks have been added and others on this month's list. EQT Corp. has been added, while Arista Networks and Coherent Corp. – two names on last month's list – have been removed. Here are some of JPMorgan's top picks for August: EQT was named as part of the bank's value strategy. Of consumer stocks, McDonald's is also viewed as a value play, with shares of the fast-food chain down 7% this year. For growth stocks, Amazon made the cut.

Persons: EQT, McDonald's, Joe Erlinger, Brian Olsavsky, Donald Trump, Olsavsky, Eli Lilly –, – Organizations: JPMorgan, Dow Jones, EQT Corp, Arista Networks, Amazon, Paris, Microsoft Locations: EQT, McDonald's U.S

☆ Opinion | Kamala Harris on Center Stage
▼ + stars: | 2024-08-03 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Liberal ‘White Dudes’ Are Rallying for Harris” (news article, July 31):Wait, are we really allowed to smile? But now, with the weight of President Biden’s candidacy off our shoulders, we are almost giddy. No longer merely responding to Donald Trump’s taunts, but letting go with a zinger or two of our own. No longer just wringing our hands and holding our heads, but throwing punches and taking selfies. But it does feel awfully nice to be, dare I say it, almost happy with the way things are going.

Persons: Harris ”, Biden’s, Donald Trump’s Organizations: Liberal, Democratic Party, Dems, Republican

☆ Microsoft's cloud is 'no-brainer' for some AI startups, helping Azure gain ground on AWS
▼ + stars: | 2024-08-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

However, after EzDubs went through the Y Combinator startup program last year, the company made a quick pivot, adding Microsoft's cloud into the mix. That's because EzDubs' founders learned of a partnership that enabled Y Combinator companies to receive $350,000 worth of credits on Microsoft Azure. The current offer includes $350,000 in AWS credits, plus $300,000 reserved for tapping the custom silicon, the spokesperson said. A spokesperson later said 58% of Y Combinator startups had taken up Microsoft's credit offer, a figure that doesn't reflect actual Azure usage. "Leading AI startups use OpenAI to power their AI solutions, therefore, making them Azure customers as well."

Persons: Amrutavarsh Kinagi, Kareem Nassar, Padmanabhan Krishnamurthy, EzDubs, Krishnamurthy, Y, Annie Pearl, it's, Satya Nadella, Sam Altman, Hayden, CNBC InKeep, OpenAI, Nick Gomez, InKeep's, InKeep, Gomez, CNBC's Andrew Ross Sorkin, Prady Modukuru, Modukuru, Anthropic, Daksh Gupta, Gupta, Nassar Organizations: Google, Microsoft, CNBC, Amazon, Services, Alchemist, AWS, Hayden Field, Sync Labs, Sync, OpenAI Locations: Palo Alto , California, OpenAI's, San Francisco

☆ Seeking Your First Job After College? Share Your Story.
▼ + stars: | 2024-07-31 | by ( Talmon Joseph Smith | More About Talmon Joseph Smith | ) www.nytimes.com time to read: +1 min

But the job market is not as hot as it used to be, and younger applicants, with or without college degrees, are feeling the pinch. Hiring projections for this year’s college graduating class are below last year’s, and the downturn is particularly notable in fields like finance, insurance, marketing and real estate. I cover economics at The New York Times, and I would like to hear from recent college graduates and other young job seekers, as well as hiring managers, about what the job market has looked like to them this year. And we won’t share your contact information outside the Times newsroom. If you prefer to share tips or thoughts confidentially, you can do so here.

Persons: We’ll Organizations: The New York Times, Times

☆ Americans aren't spending like they used to, and it's forcing a reckoning for companies from Starbucks to Whirlpool
▼ + stars: | 2024-07-31 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +7 min

Read previewShoppers are slowing down spending on everything from burgers to dishwashers, and that's bad news for a growing number of companies. While inflation has since cooled, Americans are still stuck with higher prices for many of the things they buy. Shoppers are slowing down food spending — even at grocery storesThe spending slowdown has hit restaurant chains, which have launched new deals to get customers in the door. Over the past two years, income growth has helped consumer spending beat expectations, Jefferies analyst Corey Tarlowe said in a note on Monday. One bright spot in consumer spending: Cruises, which are seeing record demand.

Persons: —, McDonald's, Burger, Taco, Jefferies, ETIENNE LAURENT, Laxman Narasimhan, It's, Dirk Van de, Van de, Andrew M, Watterson, Michael Liersch, Wells, Corey Tarlowe, Horacio Villalobos, dreuter@businessinsider.com Organizations: Service, PepsiCo, UPS, Business, Shoppers, Burger King, Taco Bell, Starbucks, Getty, Walmart, Bureau of Labor Statistics, Unilever, Whirlpool, Airlines, Jefferies, Costco Locations: Pellegrino, North America

☆ The reason why McDonald's stock is soaring despite a big earnings miss: Value meals
▼ + stars: | 2024-07-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

McDonald's global comparable sales fell 1% year-over-year last quarter, missing analyst estimates. The company plans to focus on value going forward as low income customers grow weary from inflation. McDonald's same-store sales fell 1% in the most recent quarter, marking the first decrease in same-store sales since 2020. Its net income for the quarter fell to $2.02 billion, down from $2.31 billion the year before. Low income customers, in particular, are shying away from fast food as inflation soas.

Persons: —, McDonald's, Chris Kempczinski, Joe Erlinger, Kempczinski Organizations: Service, Consumers Locations: New York, McDonald's, U.S

☆ McDonald's executives admit diners think prices are too high, say they're working to create value
▼ + stars: | 2024-07-29 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

McDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation. During the company's second-quarter earnings call Monday, executives said they are taking a "forensic approach" to evaluating prices and trying to create value. We are working to fix that with pace," McDonald's CEO Chris Kempczinski said on the company's earnings call. The offer also began to increase guest count growth, but it has not yet translated into sales increases, company executives said on the call. The $5 value meal was rolled out only days before the second quarter ended.

Persons: Chris Kempczinski, Kempczinski, Joe Erlinger, Erlinger, we've, — CNBC's Amelia Lucas, Kate Rogers Locations: U.S, Placer.ai

Was it the Parisians who bluntly told travelers "do not come" to Paris during the Summer Games? London, Athens and Atlanta all saw a drop in summer visitors when they hosted the Summer Games, said Grant. Empty Airbnbs and unsold ticketsHotels, too, are feeling the pinch of Paris' summer slowdown, with occupancy rates expected to drop to 60% in early July, down some 10 points from 2023, according to Paris' tourism board. Airbnb also said "domestic interest" for stays during the Games has never been higher than in the weeks leading up to Paris Games. 'The Olympics is too broad'Last-minute travelers can still snag tickets to the Paris Games.

Persons: —, John Grant, Grant, Rather, They've, OAG's John Grant, Jakub Porzycki, Airbnb Organizations: Olympic Games, France, Summer, Ryanair, Nurphoto, Olympic, Games, Notre Dame, CNBC, Paris Games, Paris, Financial Times Locations: Paris, London, Athens, Atlanta, Delta, Europe, North America, Oceania, Lille

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