The upcoming Olympic Games in Paris this summer have resulted in a significant shift in travel patterns, with many potential tourists opting for alternative destinations. According to Delta Air Lines CEO Ed Bastian, the decision to host the Olympics in Paris has led to a $100 million loss in revenue for the airline, as travelers
When considering purchasing a fixer-upper home, Gen Zers need to be aware of the financial and structural challenges that come with it. While the initial cost of a fixer-upper may be lower than that of a move-in ready home, the long-term expenses of renovation and repairs can add up significantly. Many first-time buyers underestimate the
Thursday’s trading session saw a significant shift in market sentiment as the S & P 500 and Nasdaq retreated from their record highs following a cooler-than-expected inflation report. Investors reacted swiftly, pulling out of Big Tech stocks and reallocating their investments into smaller-cap names. This reaction was triggered by June’s consumer price index (CPI) print,
Pfizer recently revealed that it will be advancing with a once-daily version of its weight loss medication, danuglipron, following positive results from an ongoing early-stage study. The pharmaceutical company carefully assessed multiple once-daily variations of the drug and selected the one showing the most promising safety profile and optimal body response. This decision marks a
The National Football League is currently in discussions regarding the possibility of allowing minority private equity ownership for its 32 teams. This move, proposed by Commissioner Roger Goodell, aims to reflect the evolving landscape of sports ownership. Goodell mentioned in an exclusive CNBC interview that there has been a significant amount of interest from private
PepsiCo recently reported its quarterly results, showcasing a mix of positive and negative trends. One of the standout concerns was the declining demand for its drinks and snacks in North America. This decline in demand has led the company to narrow its revenue outlook for the full year, now expecting organic revenue growth of approximately
Audi, the premium automotive brand under the Volkswagen group, has recently announced its official partnership with Inter Miami CF, a South Florida soccer club. This move comes as Audi aims to tap into the rapidly growing soccer fan base in the United States. According to Emilie Cotter, Chief Marketing Officer of Audi of America, Inter
Delta Air Lines announced on Thursday its projection of record revenue for the third quarter, thanks to a surge in summer travel demand. However, the airline’s forecast fell short of analysts’ estimates as fares were discounted due to an increase in flights by carriers. The expected sales growth for Delta in the current quarter is
The upcoming Summer Olympics in Paris are creating a buzz in the sports betting industry. With legal gambling becoming more widespread in the U.S., sportsbooks and daily fantasy operators are gearing up to capitalize on the gaming opportunities presented by the global event. The games are scheduled to begin on July 26, and experts predict
The persistence of housing inflation at elevated levels in the U.S. economy has been a cause for concern, even as overall inflation has shown signs of cooling in recent times. Economists have pointed out that the slow decline in housing inflation is a key factor holding back the consumer price index from reaching the target