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☆ Taylor Swift is doing 8 Eras shows in London. Mini-residencies could be her smartest business decision yet.
▼ + stars: | 2024-07-05 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. The Eras Tour was always set to be immensely profitable for Swift, but she's set to make even more money thanks to one key business move. Swift is set to play eight nights in London and six in cities like Toronto — and she's skipping nearby cities that she's hit on past tours like Ottawa. Advertisement"It significantly reduces the overhead of a tour," Nathan Hubbard, the former CEO of Ticketmaster who founded the management firm Firebird, told Business Insider.

Persons: —, Taylor Swift's, Swift, Nathan Hubbard, Harry Styles, Hubbard, That's, she's, Taylor Organizations: Service, Wembley, European Central Bank, Barclays, Business, Swift, Ticketmaster, Firebird, Garden, Kia Forum, Las, Pitchfork, Institute Locations: Europe, London, Toronto, Ottawa, Los Angeles, San Diego, New, Covid, Las Vegas, Scotland, Minneapolis

☆ Travis Kelce says he told himself 'don't drop the baby' while carrying Taylor Swift onstage at the Eras Tour
▼ + stars: | 2024-07-03 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +4 min

(Travis is a noted fan of "Blank Space," one of several hit singles from Swift's fifth studio album.) "There was no bike in case I ran into somebody else or hit one of the dancers or anything," Travis said. Do not drop Taylor on your way over to this damn couch,'" he said. Do not drop Taylor, do not fuck this up." Travis wooed Swift last summer by giving her a shout-out on "New Heights," a move that Swift later described as "metal as hell."

Persons: —, Taylor Swift, Travis Kelce, Swifties, Jason Kelce, Travis, Swift, Kameron Saunders, Jan Ravnik, Taylor, Eric Bieniemy, Bieniemy, Kam, Saunders, Khalen Saunders, She's, Jason Organizations: Service, Business, Department, Kansas City Chiefs, Super, NFL, Chiefs Locations: Kelce, Tay, London

☆ Millions of student loan borrowers to see their bills lowered in July — here's what else to know
▼ + stars: | 2024-07-03 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

President Joe Biden rolled out the SAVE plan in the summer of 2023, describing it as "the most affordable student loan plan ever." Under IDR plans, borrowers' monthly payments are set based on a share of their discretionary income. Republican-backed states, including Florida, Arkansas and Missouri, filed lawsuits against the SAVE plan earlier this year. In response, two federal judges in Kansas and Missouri temporarily halted significant parts of the SAVE plan on June 24. The case has not been decided yet, but at least for now the Education Department can proceed with reducing borrowers' bills.

Persons: Biden, Joe Biden, IDR, Taylor, Mark Kantrowitz Organizations: U.S . Department of Education, Valuable Education, Education, Finance, CNBC, Republican, U.S . Department of Justice, Education Department Locations: Florida , Arkansas, Missouri, Kansas

☆ Romance scams cost consumers $1.14 billion last year. It's a 'more insidious' fraud, expert says
▼ + stars: | 2024-07-03 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Cybercriminals are targeting wealth accounts by tapping into a victim's emotions. Consumers lost $1.14 billion to romance scams in 2023, according to the Federal Trade Commission. Median losses per person amounted to $2,000, the highest reported losses for any form of imposter scam, the FTC found. "Romance scams tend to be some of the more insidious because they prey on emotions," Kitten said. "They know the different emotional trigger points that we all have, and that's when they strike," Payton added.

Persons: Tracy Kitten, Kitten, Taylor, Theresa Payton, Payton Organizations: Strategy, Research, Consumers, Federal Trade Commission, FTC, Netflix, Finance, White House, Fortalice Solutions

☆ Here's how much it cost this Swiftie to chase his idol across 4 countries and 10 shows
▼ + stars: | 2024-07-02 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

He added that he lived vicariously through Swift's music in his formative years. $230 on Eras Tour merchHe spent about $230 on official Eras Tour souvenirs, which included two t-shirts, one hoodie, and one crewneck sweater. Swifties are shelling out big time for the Eras TourJailani is not the only one willing to spend big bucks for the Eras Tour. A report by research company QuestionPro found that Swifties were spending $1,300 on average to attend the Eras Tour. According to Rolling Stone, a 27-year-old fan visited the Eras Tour 20 times across North America.

Persons: —, Daniel Jailani, Taylor Swift, Jailani, Swift, Daniel Jailani Jailani, QuestionPro, Rolling Organizations: Service, Business, Wembley, —, Singapore Coldplay, Singapore Airlines, Swift's, Tourist Italy, BMI, Fitch Solutions Locations: Singapore, Australia, France, United Kingdom, He's, London, Melbourne, Lyon, Paris, Here's, North America, Europe, Milan, Italian, Portugal, Spain, Swiftonomics, Canada

Original tickets for the Eras Tour sold out quickly, and Paramore hasn't yet announced any other concert dates for 2024. Paramore 2024 tour scheduleParamore will open for the European leg of the Taylor Swift Eras tour, with tour dates slated through August 2024 in multiple countries. How to buy tickets for Paramore 2024 concert tourParamore is opening for the European leg of the Taylor Swift Eras Tour, which has already sold out. While Taylor Swift tickets are in high demand, the European leg of her Eras tour has significantly cheaper tickets than US dates, which start at around $2,600. Paramore is only scheduled for the European dates, with Gracie Abrams listed as the opening act for Taylor's North American Eras tour dates this fall.

Persons: Paramore, Taylor, Hayley Williams, Taylor York, Zac Farro, Swift, Paramore hasn't, Gracie Abrams, Taylor Swift, hasn't Organizations: Business, Misery, Paramore Locations: Europe, U.S, Amsterdam, Netherlands, Zurich, Switzerland, Milan, Italy, Gelsenkirchen, Germany, Hamburg, Munich, Warsaw, Poland, Vienna, Austria, London, United Kingdom, Canada

☆ The best songs this summer sound like total nonsense. That's a good thing.
▼ + stars: | 2024-06-30 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

"Brat," along with viral hits like Sabrina Carpenter's "Espresso" and Tinashe's "Nasty," have ushered in a season of pleasure and levity — what my friends and I have been calling a "smooth brain summer." The primary lure of pop music has always been escapism. Indeed, we've lived in a pop world dominated by Taylor Swift and refashioned in her likeness for several years. These peculiar bops form the perfect foundation for a "smooth brain summer" soundtrack — though please note that doesn't mean they're devoid of value or meaning. An appetite (and a need) still exists for complex metaphors, history lessons, and personal revelations in pop music — but now is not the time.

Persons: —, Mitski, Noah Kahan, Ethel Cain, bumpin, Sabrina Carpenter's, ure, ike, ike O livia R odrigo, l, odrigo, ake, ould, ike T ikTok, ong, abel, alue Organizations: Service, Business, DJ, ust

☆ Insider Today: Delta's bougie new lounge
▼ + stars: | 2024-06-29 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. On the agenda:This story is available exclusively to Business Insider subscribers. The highly anticipated lounge — which comes in at nearly 40,000 square feet — offers high-class perks like a wellness center, terrace, and full-service restaurant. BI's reporter got a tour, and says it's the best lounge of its kind. AdvertisementMore of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor in chief of life, in New York.

Persons: —, Tyler Le, Lisa, Nicole, Malorie, bearable, Emily Stewart, BI's Madison Hoff, Ayelet Sheffey, Ben Wigert, Amy Hardison, She's, Bryan Johnson, Hardison, Gareth Cattermole, playbook Taylor Swift, Travis Kelce, It's, Taylor Swift, Taylor Rains, John F, Kate Dehler, niacinamide, Abanti Chowdhury, Celine Dion, Rebecca Zisser, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Grace Lett, Amanda Yen Organizations: Service, Business, Creative, Air Lines, Kennedy International Airport, BI, Hulu, realtors, Shark Locations: newsrooms, New York City, London, New, Manhattan, New York, Chicago

☆ Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
▼ + stars: | 2024-06-28 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Jeff Greenberg | Universal Images Group | Getty ImagesIn a lyric on her latest album, Beyoncé sings "denim on denim, on denim, on denim." Levi Strauss executives are ecstatic. Western wear is booming as consumers opt for top-to-bottom denim looks, the iconic, 171-year-old clothing maker said on Wednesday. Sales of denim skirts, jumpsuits and dresses all at least doubled in the latest quarter, Gass said. On the other hand, Levi Strauss earned 16 cents per share, excluding items, ahead of the 11-cent average estimate by analysts.

Persons: LEVI, Jeff Greenberg, Beyoncé, Levi Strauss, jean, Michelle Gass, Levi's, Carter, Louis Vuitton, Taylor, Gass, Levi, " Gass, Wall, Lee Organizations: Orlando Vineland, Universal, Getty, LSEG, CNBC, Dockers, Kontoor Brands Locations: Florida, Levi's, California, Kohl's

☆ There is one European country where Taylor Swift didn't change the economy so far
▼ + stars: | 2024-06-28 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTaylor Swift's Eras Tour has made it to five European countries so far. Portugal, Spain, and Sweden's hotel prices in May increased several times' their 2021-2023 average. The Eras tour has had a massive economic impact on other countries. In Chicago, Eras tour dates led to 96.8% hotel room occupancy, an all-time high for the city, per the BMI report.

Persons: —, Swift, QuestionPro, concertgoers, Taylor Swift's, Ben Julius Organizations: Service, BMI, Fitch Solutions, Business, Philadelphia Federal Reserve, MBI, Tourist Italy Locations: France, Portugal, Spain, Paris, Lyon, Netherlands, Ireland, Austria, Switzerland, Chicago, Italy, Milan

☆ Forget Prince William's dancing — Jason Kelce says Princess Charlotte was the highlight of Taylor Swift's Eras Tour
▼ + stars: | 2024-06-26 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Read previewJason Kelce has a new favorite royal: Princess Charlotte. At one of the performances, they met three of the most famous people to ever come to a Swift show: Prince William, Prince George, and Princess Charlotte. Prince William brought his kids to the Eras TourWilliam attended the concert on Friday with George, 10, and Charlotte, 9. Princess Charlotte left an impressionJason said that meeting Princess Charlotte, who was grinning from ear to ear in her photos with Swift, was "the highlight" of his interaction with the royals. "I gotta say, Prince William was fantastic, but the highlight was Princess Charlotte," Jason said.

Persons: —, Jason Kelce, Princess Charlotte, Taylor Swift, Swift, Travis Kelce, Travis, Jason, Kylie Kelce's, Prince William, Prince George, Princess Charlotte . Prince William, William, George, Kate Middleton, Prince Louis, Prince of Wales, Kylie, I've, Charlotte, Wyatt, Bennett Organizations: Service, Wembley, London Authority, Business, London Locations: London, Charlotte, American

☆ 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

☆ Gigi Hadid gifted Taylor Swift a cat ring filled with hidden details. Now, everyone wants custom pet-themed jewelry.
▼ + stars: | 2024-06-25 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +7 min

"Enamelling is an ancient, ancient craft and has been going since the Byzantine times," Fein-Hughes told Business Insider. Cece Fein-Hughes founded Cece Jewellery in 2021. AdvertisementThe gold ring features a portrait of Taylor Swift's cat, Benjamin Button. "And it kind of represents Taylor Swift, who is literally on fire at the moment doing her world tour." Swift has not been publicly spotted wearing the ring yet, but Hadid told Fein-Hughes the ring was a hit with the Eras Tour star.

Persons: —, Taylor Swift, Swift, — Olivia Benson, Meredith Grey, Benjamin Button — Swift, Karma, Gigi Hadid, Cece Jewellery, Hadid, Cece Fein, Hughes, Cece, Fein, it's, Taylor Swift's, Gigi Hadid's, Queen Elizabeth II's corgis, Kendall Jenner's Doberman ., Benjamin Button, Benjamin, Travis Kelce's, Taylor, Cece Jewellery Fein, Gigi, @gigihadid, It's Organizations: Service, Business, Hughes, Forbes, Fein, Kendall Jenner's Doberman . Fein, Poets Department, Swift, Press

☆ Taylor Swift knew exactly what she was doing bringing Travis Kelce onstage
▼ + stars: | 2024-06-24 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

AdvertisementTaylor Swift is joined onstage by Travis Kelce during The Eras Tour in London. This was especially evident during The 1989 World Tour, which ran for nearly seven months in 2015. Mostly thanks to her talent and partially thanks to her self-spun underdog narrative, she had enjoyed years of headlines like "Taylor Swift: America's Sweetheart" and "Taylor Swift Is the Music Industry." Taylor Swift is joined onstage by Serena Williams, Karlie Kloss, and more during The 1989 World Tour in London. Perhaps bringing Kelce onstage felt as natural to Swift as writing a love song about him.

Persons: —, Taylor Swift, Travis Kelce, Swift, haven't, cuddling, Joe Alwyn, Gareth Cattermole, Alwyn, Calvin Harris, Karlie Kloss, Lena Dunham, Kobe Bryant, Dayna Evans, Taylor, Serena Williams, Brian Rasic, Kim Kardashian, Ye, she's, It's, overexposed, it's Organizations: Service, Business, Kobe, Music Industry, Swift Locations: London, British

☆ Taylor Swift bringing Travis Kelce onstage is the most Swiftian thing she could have done
▼ + stars: | 2024-06-24 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

☆ Taylor Swift's economic clout has now come for Europe
▼ + stars: | 2024-06-23 | by ( Katie Balevic | Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Over the last year, Swift's Eras Tour and its affiliated film cemented her economic prowess in the United States, injecting billions into the economy. AdvertisementLocal businesses are seeing Swift's impact weeks ahead of her concerts. Jo Hale/Getty ImagesEuropean economists monitoring inflation rates in the service sector are examining Swift's tour to see what impact it will have on Europe's economy. Barclays' Consumer Spend research found that Swift's tour is expected to boost the UK economy by £997 million ($1.26 billion). Economist George Moran told the Times, however, that he thinks it's unlikely Swift will impact decision-making at the Bank of England.

Persons: —, Taylor, Swift, Taylor Swift's, Ben Julius, Julius, Taylor Swift, Jo Hale, Lucas Krishan, Krishan, Kevin Mazur, George Moran, Moran, Nomura Organizations: Service, Business, Tourist Italy, Wembley, Getty, European Central Bank, Barclays, Consumer, New York Times, Securities, Rights, Bank of England, Times Locations: Europe, United States, Italy, Milan, London, Central, Paris, France

☆ Taylor Swift kicks off UK Eras shows as some fans wonder if singer is ready to say ‘So long, London’
▼ + stars: | 2024-06-23 | by ( ) www.cnbc.com time to read: +5 min

Taylor Swift performs on stage during "Taylor Swift | The Eras Tour" at Wembley Stadium on June 22, 2024 in London, England. Kevin Mazur | Getty Images Entertainment | Getty ImagesTaylor Swift fans enjoy parsing the singer-songwriter's lyrics for references to her romantic life and insights into her state of mind. The record's fifth track is titled "So Long, London." As Swift brings her blockbuster Eras Tour to London's Wembley Stadium this weekend, some Swifties therefore are wondering if they are witnessing the beginning of an extended goodbye. American pop singer Taylor Swift meets a fan while on stage during "Taylor Swift | The Eras Tour" at Wembley Stadium on June 22, 2024 in London, England.

Persons: Taylor Swift, Kevin Mazur, Swift, London, Prince William, Prince George, Princess Charlotte, valentine, Maggie Fekete, Frank Styles, Benjamin Cremel, Stella Elgood, Harry Styles, she's, Elgood, haven't, Styles, Travis Kelce, Joe Alwyn, Alwyn, ELLE, lister, Naomi May, Tom Holland Organizations: Wembley, Getty, Poets Department, London, Afp, Kansas City Chiefs, Sun, Department Locations: London, England, Wembley, American, Europe, British

☆ Prince William seen dancing to 'Shake It Off' with his kids at Taylor Swift's concert in London
▼ + stars: | 2024-06-22 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Prince William attended The Eras Tour with Prince George and Princess Charlotte in London. Footage showed William, who celebrated his 42nd birthday, dancing to "Shake It Off." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . William rang in his 42nd birthday on Friday at Taylor Swift's concert in London with his two eldest children, 10-year-old Prince George and 9-year-old Princess Charlotte. The British royals were among the massive crowd that arrived at Wembley Stadium, where Swift, 34, kicked off the European leg of The Eras Tour.

Persons: Prince William, Prince George, Princess Charlotte, Swift, Travis Kelce, William, —, Taylor Organizations: Service, Wembley Locations: London, Wales

☆ Climate activists covered private jets in orange paint in a Taylor Swift-inspired stunt, but didn't get her plane
▼ + stars: | 2024-06-20 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewTwo climate activists from the Just Stop Oil group were arrested after covering private jets in orange paint in a Taylor Swift-inspired stunt. One of the protesters is pictured after painting a private jet bright orange. AdvertisementA representative for Just Stop Oil confirmed to BI that the planes doused in paint did not belong to Swift. AdvertisementHowever, according to a study by My Climate Tracker, cited by The Tab, Travis Scott was the celebrity with the most private jet use in 2023. Meanwhile, Swift wasn't among the top 30 celebrities with the most private jet use in 2023, the outlet said.

Persons: —, Taylor Swift, 🚨 Organizations: Service, —, Business, UST Locations: Lo

Although original tickets have sold out, there are still a few options to explore when it comes to how to get Gracie Abrams tickets. If you're hoping to find Gracie Abrams tickets, you've come to the right place. Gracie Abrams 2024 tour scheduleGracie Abrams' "The Secret of Us" tour spans from Portland to Portland. How to get Gracie Abrams ticketsOriginal standard Gracie Abrams tickets were available through Ticketmaster in early June but quickly sold out. Original tickets for Gracie Abrams' concert tour have sold out, but the cheapest tickets for several dates began at around $39.50.

Persons: Gracie Abrams, Abrams, Olivia Rodrigo's, Swift, Irving, Taylor Swift Organizations: Business, Spotify, Swift, Ticketmaster, Irving, Interscope Records Locations: Portland, Oregon, Maine, Seattle, WA, Berkeley, Los Angeles, CA, Denver, Houston, Austin, Kansas City, Minneapolis, Chicago, Nashville, TN, Atlanta, Washington, New York, NY, Philadelphia, Boston, Irving , TX, North America, Canada

☆ Taylor Swift's ex Joe Alwyn denies ever visiting the London pub namechecked by the singer in her latest album
▼ + stars: | 2024-06-16 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

Joe Alwyn has set the record straight about his association with The Black Dog pub in London. The actor, who dated Taylor Swift for six years, said he has never visited the pub. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementTaylor Swift's ex, Joe Alwyn, has denied ever visiting "The Black Dog" pub in London.

Persons: Joe Alwyn, Taylor Swift, —, Taylor, I've Organizations: Service, Sunday Times, Vauxhall, Business Locations: London, Vauxhall

☆ Taylor Swift's longtime ex-boyfriend Joe Alwyn breaks his silence a year after their split, asks for empathy
▼ + stars: | 2024-06-15 | by ( Lauren Edmonds | Katie Balevic | ) www.businessinsider.com time to read: +1 min

Joe Alwyn spoke about his relationship with Taylor Swift to The Sunday Times. Swift and Alwyn dated for six years before breaking up in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJoe Alwyn, speaking openly about his breakup with Taylor Swift for the first time, urged fans to have some empathy. Alwyn, 33, and Swift, 34, dated for six years before their split in April 2023.

Persons: Joe Alwyn, Taylor Swift, Alwyn, Swift, —, Swifties Organizations: Sunday Times, Service, Department Locations: London

☆ I 'Taylor-gated' The Eras Tour. It was a cheap, fun way to experience Taylor Swift's sold-out show and I would recommend it.
▼ + stars: | 2024-06-15 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

It's a trend that emerged quickly after Taylor Swift began touring with her blockbuster The Eras Tour last spring. AdvertisementIn my case, it was because I happened to find myself in the same city as The Eras Tour and had a free evening. Amanda, 40, who had traveled from the US with her daughter Maddie, 20, were due to attend the second UK concert the following day. Amanda and her daughter Maddie were among Swifties who showed up to "Taylor-gate" as the UK leg of The Eras Tour kicked off on June 7. AdvertisementBut if "Taylor-gating" is your only opportunity to experience The Eras Tour — which Swift has confirmed will not extend past its final date in December — I would recommend it.

Persons: —, you've, Taylor Swift, Swift, Eve Crosbie, I'm, Maddie, Amanda, Swifties, Taylor, Swift's Organizations: Service, Business, Ticketmaster, Wembley, Edinburgh's, Lincoln Financial Locations: London, Edinburgh, Amanda

☆ Taylor Swift's clock obsession is good for business
▼ + stars: | 2024-06-14 | by ( Amanda Krause | ) www.businessinsider.com time to read: +7 min

Read previewThere's much more to being a Taylor Swift fan than memorizing new albums and spending thousands of dollars on concert tickets. Taylor Swift wears a Lorraine Schwartz clock necklace at the 2024 Grammys. Advertisement"I Googled 'watch necklace Taylor Swift,' and I found necklaces from my Etsy shop," she said. Avery Borders also said she'd noticed the "Taylor Swift Effect" on her small business, Mundus Magica Creations. Taylor Swift is the best teacher you could ever ask for," another fan wrote on X.from teaching about spelling to telling the time, it’s official!

Persons: —, Taylor Swift, Swift, hasn't, Kevin Mazur, Taylor, Lorraine Schwartz timepiece, Lorraine Schwartz, Jeff Kravitz, you've, Forbes, Victoria P, Victoria, texted, Eugena Lee, Avery Borders, she'd, Brittany Cheshire, I'm, Jimmy Kimmel, taylor, ❤️ Organizations: Service, Department, Business, Apple, Poets Department, Eugena's Jewelry Locations: Notting Hill, Kansas City, Nanterre, France, Angeles, Brittany, Arizona, Cheshire, oman

☆ Taylor Swift's London Eras Tour could delay Bank of England rate cut, analysts say
▼ + stars: | 2024-06-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Taylor Swift performs on stage during during "Taylor Swift | The Eras Tour" at Anfield on June 13, 2024 in Liverpool, England. LONDON — Taylor Swift's record-shattering Eras Tour is continuing to supercharge consumer spending as it enters it U.K. leg, suggesting that the Bank of England may not be out of the woods yet in its fight against inflation. The Bank of England is expected to soon begin lowering its Bank Rate from a 16-year high of 5.25%, with all but two of 65 economists polled by Reuters anticipating a cut in August, while financial markets are pricing in September. However, a possible clash between one of Swift's August tour dates and a key inflation index day could skew the data enough to make the bank rethink its path, the analysts said. "A surge in hotel prices then could be material, temporarily adding as much as 30bps to services inflation (+15bps on headline)," Krishnan and Rossiter wrote.

Persons: Taylor Swift, Taylor, BoE, Lucas Krishnan, James Rossiter, Krishnan, Rossiter Organizations: Anfield, Bank of England, Securities, MPC, Monetary, Reuters, CNBC Locations: Liverpool, England, London

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