Author: Press Room

The days of high-flying, big-spending business travel may be over for good.As a new report by research company Morning Consult declared: Business travel will never return to normal.Tighter corporate budgets and new ways of virtual working have permanently changed business travel, according to the report, titled “Business, but Not as Usual.”The report says the demographics are changing too — business travelers are now younger and more likely to fly in economy class, with about half earning less than $50,000 a year.”The old stereotypes of high-spending travelers splashing out for first-class tickets no longer hold water,” the report states.A different business…

Temu and Shein are taking off in the United States, topping app stores and creating a frenzy with consumers. But as the two online shopping platforms become hugely popular, they’re also facing questions over a litany of issues, including how they’re able to sell goods at such strikingly low prices, how transparent they are with the public and how much environmental waste their businesses generate. Some of those questions aren’t unique to the two companies: Longtime fast-fashion producers like Zara or H&M (HNNMY) have faced similar concerns. But in recent weeks, Temu and Shein have also faced greater scrutiny over…

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The Ethereum price has fallen by 1.5% in the past 24 hours, as the cryptocurrency market suffers a similar 2% fall in the same period.At $1,920, ETH is also down by 4.5% in the last week, yet remains up by 6% in the last 30 days and by 60.5% since the beginning of the year.Despite today’s fall, the bull case for ETH has been strengthened further by the news that major French bank Société Générale has launched a euro-denominated stablecoin on the Ethereum blockchain.When combined with last week’s successful Shanghai upgrade and ongoing development work, such adoption news makes it…

Concert fans buying resale tickets could be paying more than double what prices were five years ago. To cover costs, some people told WSJ they are picking up second jobs, and cutting down on expenses. Fans and musicians alike are facing high costs in the music industry around tours. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app To finance expensive concert tickets, some music fans are cutting back on other purchases and picking up second jobs, the Wall Street Journal reported.For fans who snag…

Adidas wants to win back “the hearts and minds” of Chinese consumers with patriotic clothing lines to claw back share in its once-biggest growth market. Adrian Siu, the German sportswear brand’s country manager for the Asian nation, said: “2022 was a difficult year, and probably this year won’t be much easier . . . But Adidas has been in mainland China for more than 20 years and we have experienced lots of high times and low times.” Reviving the group’s fortunes in China is a top priority for new chief executive Björn Gulden, who joined the brand from Puma in January to turn round…

Democratic Sen. Amy Klobuchar of Minnesota said Sunday that she believes President Joe Biden should sit down with House Speaker Kevin McCarthy and negotiate Republicans’ proposed spending cuts, but she insisted those talks should be in relation to the federal budget – not raising the debt limit. “Of course, President Biden should sit down with Speaker McCarthy,” Klobuchar told CNN’s Dana Bash on “State of the Union” ahead of the House’s expected vote this week on McCarthy’s bill to raise the debt limit. “But let me put an idea out there. The proposal that McCarthy has put forward, that belongs…

U.S. stocks are poised for a lower open on Monday, ahead of a busy earnings week and an early look at first-quarter gross domestic product data. The Bureau of Economic Analysis will release its preliminary estimate of first-quarter gross-domestic-product growth on Thursday, which is expected to show a seasonally-adjusted annual growth rate of 1.8%, following a 2.1% increase for all of 2022. At 6:26 p.m. EDT on Sunday, Dow Jones Industrial Average futures lost 45 points, or 0.1%, while the S&P 500 futures slipped 0.2%, and Nasdaq Composite futures fell 0.2%. Crude oil futures (West Texas Intermediate, the U.S. standard)…

Shares of lithium miners have been on quite a ride lately amid falling prices and unusual pricing strategies from industry players. Shares of lithium miners have been volatile amid falling prices and unusual pricing strategies from industry players. On Friday, lithium related-stocks are diving on the new policies in one country. Shares of Albemarle (ticker: ALB), Livent (LTHM), and SQM (SQM) dropped 10%, 5.5%, and 18.6% on Friday, respectively. The S&P 500 and Dow Jones Industrial Average both rose about 0.1%. Those three have a few things in common. They are all significant suppliers of lithium products. It’s a key…

Most Americans don’t want a Biden-Trump repeat in the 2024 presidential election, a new poll has found. An NBC News survey released Sunday found that while 60% of Americans think Donald Trump should not run for the White House again, 70% think Biden should not run for reelection. Those souring on Biden included 51% of Democrats, the poll found,… Read the full article here