Economy

AirHelpan air passenger rights company, released its 2024 AirHelp Score report on the best and worst airports around the world. The report ranked 239 airports from 69 countries, including the United States. To rank the airports, the company used data, partially based on the claims it processes worldwide, to calculate how often flights departed as scheduled in airports […]

In this mobile world, we have more choices than ever about where to live. Companies in search of skilled workers know this, especially when there are far more open positions than there are workers available to fill them. That is why they consider quality of life when deciding where to locate. CNBC’s annual ranking of […]

A man holding a Turkish flag.Uriel Sinai | Getty ImagesThe Turkish lira sank to a fresh record low Monday as incumbent Recep Tayyip Erdogan secured his victory in the 2023 presidential election, extending his rule into a third decade in power.The currency briefly touched 20.0608 against the greenback at around 11 a.m. Monday morning local… […]

WASHINGTON, DC – MAY 26: U.S. Speaker of the House Rep. Kevin McCarthy (R-CA) speaks to members of the media after arriving at the U.S. Capitol on May 26, 2023 in Washington, DC. Speaker McCarthy discussed the latest development of the debt ceiling negotiations with the White House. (Photo by Win McNamee/Getty Images)Win Mcnamee |… […]

Wharton professor and renowned economist Jeremy Siegel is bullish on a Big Tech boom fueled by artificial intelligence despite concerns of a bubble.An AI chip craze, driven by demand for AI-powered chatbots and high-powered graphics processing units — used to train such chatbots on supercomputers — has seen investors piling into certain stocks with some raising concerns… […]

Starbucks opened its 6,000 store in mainland China in September 2022.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese consumer spending won’t return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks, Morgan Stanley said in a report Sunday.Not only are people more cautious, but they now have more choices.On the spending… […]

Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices are falling for a consumer good or service. It’s the opposite of inflation, which gauges how quickly prices are increasing. Physical goods have accounted for much of the deflation […]

An offshore oil rig platform is photographed in Huntington Beach, California, U.S. July 4, 2024. Etienne Laurent | Reuters Crude oil futures fell on Friday, snapping a four-week winning streak as the recent rally lost momentum. Prices rose earlier in the session after two days of gains, as June consumer inflation eased to around its […]

U.S. President Joe Biden waves at a press conference during NATO’s 75th anniversary summit, in Washington, U.S., July 11, 2024. Nathan Howard | Reuters The reelection campaign of President Joe Biden faced calls by an increasing number of Democrats in Congress to quit the race against former President Donald Trump and allow a new nominee […]

The StubHub logo is seen at its headquarters in San Francisco. Andrej Sokolow | Picture Alliance | Getty Images StubHub is delaying a potential initial public offering until after Labor Day, according to a person familiar with the deal. The online ticketing service had been eyeing a summer IPO, aiming for a valuation of at […]