In an era fraught with economic uncertainty, a staggering number of Americans are turning to buy now, pay later (BNPL) schemes to manage their finances. According to recent data from Lending Tree, about half of Americans have utilized such loans, with a remarkable 25% using BNPL specifically for purchasing groceries. This trend has undergone a
Business
Economic instability is perhaps the most elusive challenge, and the airline industry illustrates this precarious situation vividly. Recent statements from airline CEOs reveal a sobering reality: the demand for domestic travel is faltering more than initially predicted. As 2025 unfolds, projections that once soared have now been clipped, and the forecasts leave much to be
Amidst shifting social and economic landscapes, the aviation industry—specifically the business jet sector—finds itself plummeting into an abyss of uncertainty. According to Barclays’ latest extensive survey, which interrogated the perspectives of 65 business jet brokers and financiers, interest in procuring private jets has fallen by a staggering 49% since March. This sharp downturn signals a
American Airlines made headlines when it opted to withdraw its 2025 financial guidance, an unprecedented move in the airline industry that reflects deepening concerns over the U.S. economy. CEO Robert Isom’s comments on CNBC underscore these fears, revealing a stark truth: domestic leisure travel bookings had plummeted post-January despite a somewhat strong fourth quarter. This
As we navigate through the tumultuous waters of the automotive industry under President Donald Trump’s tariff policies, the ongoing tug-of-war between protectionism and free-market principles is becoming increasingly evident. Recently, the administration acknowledged considerations for exempting automakers from certain tariffs, a move that appears to be more of a political maneuver than a genuine compromise
In a stunning revelation, tennis icon Andre Agassi is set to compete in the pro pickleball circuit, throwing his legendary status into a burgeoning sport that is rapidly capturing the attention of both players and spectators. This unexpected pivot from the world of tennis, where he reigned supreme for years, not only signals Agassi’s personal
As Chipotle Mexican Grill prepares to launch its first location in Mexico, skepticism looms over the potential success of this ambitious endeavor. The company’s brand is synonymous with a particular interpretation of Mexican food that may clash with local expectations. Authenticity is paramount in culinary culture, and Americans’ familiarity with Mexican cuisine doesn’t guarantee success
In the current economic climate, the imposition of tariffs is more than just a financial decision; it is an incendiary act that undermines long-standing business relationships. The tension between the United States and Canada—once thought to be akin to that of friends at a backyard barbecue—is transforming into a climate of distrust, leaving small businesses
In a world increasingly characterized by economic uncertainty and political turmoil, the trend of affluent Americans turning their eyes toward Swiss banks has become alarmingly pronounced. Driven by factors such as escalating national debt, wavering trust in domestic governance, and growing trade tensions, this movement reflects a profound anxiety among high-net-worth individuals about the future
In an era where economic uncertainty looms, characterized by fluctuating stock markets and political unrest, American Express’s recent performance provides an intriguing lens into consumer behavior. The company reported a notable 6% increase in billed business during the first quarter, a figure that underscores the unwavering resilience of affluent cardholders. Chief Financial Officer Christophe Le