In an era marked by escalating living costs and uncertain economic outlooks, a striking 50% of Americans have turned to “Buy Now, Pay Later” (BNPL) services for their shopping needs, especially for essentials like groceries. This shift brings into sharp focus the alarming reality of how consumers are navigating financial challenges. The statistics reveal not
Business
Airline executives are sounding alarm bells over declining domestic travel interest, hinting at a potential recession that looms ever closer. According to findings from a series of recent earnings calls, CEOs like American Airlines’ Robert Isom have indicated that the appetite for domestic trips is not only subsiding but faltering far below what they anticipated
In recent months, consumer confidence has plummeted, casting a shadow over various sectors, not least the luxurious yet vulnerable market of business aviation. A Barclays survey targeting business jet brokers and financiers reveals an alarming trend: interest in purchasing business jets has nosedived by a staggering 49% since mid-March. This decline, reflected in a composite
American Airlines recently made headlines by rescinding its financial guidance for 2025—a definitive sign of a shifting landscape in the airline industry. With the uncertainty of the U.S. economy looming large, the company joins a growing list of carriers facing similarly dismal prospects. The decision to withdraw projections is more than a typical corporate maneuver—it’s
As President Trump’s administration continues to throw darts at global trade, the auto industry is left teetering on the edge of uncertainty. The proposed exemptions for certain automakers from tariffs may seem like a lifebuoy, but they are more akin to a half-hearted attempt at a rescue in a storm. While the Federal administration contemplates
Andre Agassi, a titan of tennis with numerous accolades under his belt, has ventured into the realm of pickleball—a sport that has been experiencing explosive growth in popularity. The decision to join the pro pickleball ranks is not just a personal pursuit for Agassi; it signifies a monumental shift in the landscape of sports as
Chipotle Mexican Grill’s decision to open its inaugural location in Mexico in 2026 reflects both ambition and audacity, particularly given the current political landscape. With President Trump’s ongoing trade war creating friction between the U.S. and Mexico, plunging forward with this expansion raises eyebrows. Chipotle is navigating turbulent waters, having to manage not just typical
The onset of tariffs imposed by the Trump administration has not merely rattled the cages of policymakers; it has fundamentally disrupted the delicate ecosystem of small businesses across North America. The imposition of tariffs, which Chinese philosopher Sun Tzu might refer to as a tactic of “hard power,” raises a multifaceted crisis: while designed to
Recent trends indicate that a growing contingent of affluent Americans is increasingly looking to Swiss banks for wealth management. This phenomenon, often described as the “de-Americanization” of portfolios, mirrors a broader sentiment of distrust in domestic financial systems. The influx isn’t merely a random trickle; it represents a significant exodus spurred by unease regarding the
In a time when economic uncertainty looms large over the American landscape, American Express (AmEx) continues to challenge conventional wisdom. In Q1 of 2025, the company reported a remarkable 6% growth in billed business, emphasizing the strength of its affluent cardmembers. The narrative suggests that while other sectors flounder, those at the higher end of