The travel industry is one of the sectors most susceptible to fraud, with scams rising 18% during the summer peak season and 28% in the winter peak season in 2024, according to a new report.The report, published last Tuesday by the Mastercard Economics Institute, showed that fraud related to travel agency and tour company bookings is more than four times higher than the fraud average of other industries.”Once paid, the tour may either never occur or be drastically different from what was promised,” it said.However, scam risks vary significantly from city to city, said David Mann, chief economist at the…
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The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Wynn Resorts is dropping its bid to land a casino license in New York.The company said Monday it has become clear through the rezoning process that there are better uses for its capital. Wynn had partnered with Related Companies to develop an integrated casino resort in the posh Hudson Yards neighborhood of Manhattan, where high-end shops and restaurants already draw crowds.Wynn Resorts has surrendered to the inevitability of “years of persistent opposition,” according to a company news release.It is the second casino giant this spring to throw in the towel on a New York gaming license.Las Vegas Sands announced alongside…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, Bitcoin falls after hitting a four-month high above $107,000. And, the Trump family’s World Liberty Financial crypto project pushes back on Sen. Richard Blumenthal’s concerns of potential conflicts of interest or violations of the law tied to the President’s crypto ventures, including World Liberty. Plus, Nathan Allman, founder and CEO of Ondo Finance, discusses a new partnership with JP Morgan’s blockchain unit from Consensus 2025. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJulian Emanuel, Evercore ISI Senior Managing Director, joins the ‘Fast Money’ traders to discuss near-term risks he’s seeing in the market and headwinds to the U.S. 10-year yield. Source link
Wendy McMahon, president and co-head of CBS News and Stations.Michele Crowe | CBS | Getty ImagesCBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest twist in a growing battle of wills between the company’s news division and Paramount Global controlling shareholder Shari Redstone.Paramount Global co-CEO George Cheeks talked with McMahon on Saturday and asked for her resignation, according to people familiar with the matter. McMahon agreed to step down, and the Paramount Global board held a meeting Sunday at which members were made aware of the decision, according to those people, who spoke on…
UnitedHealth (UNH) has experienced a sharp sell-off of nearly 50%, with two news-driven gaps-down in the past month that pushed the stock below long-term support near $447. This decline has caused significant damage to UNH’s long-term technical outlook. However, the stock appears poised for a short-term rebound following its recent stretch of dismal relative performance. Since gapping down in mid-April, UNH has been in a steep relative downtrend versus the S & P 500 Index (SPX) , mirroring the bearish price action. Now, signs are emerging that a relief rally has begun, which long-term holders may welcome as an opportunity to…
The stock market rally that followed the U.S.-China agreement to temporarily reduce tariffs appears to have run out of steam , and investors may now find themselves uneasy with where prices sit. Adam Parker, founder of Trivariate Research, said in a note to clients Sunday that the “upside-downside ratio for the S & P 500 is not particularly attractive” with the outlook for earnings looking particularly shaky. “The 20-year median Q3 year-over-year earnings growth is 4.7%. The growth in 2024 was 7.2% (higher than the long-term average) and yet estimates for 2025Q3 call for 7%. This is an above normal…
This illustration picture shows a person waiting for an update of Epic Games’ Fortnite on their smartphone in Los Angeles on August 14, 2020.Chris Delmas | AFP | Getty ImagesApple must work out its latest issues with Epic Games — or else head back to court to prove it has a legal basis for delaying the restoration of the popular Fortnite game to its iOS App Store, a judge ordered on Monday.Fortnite recently re-submitted its game but was blocked by Apple, Epic Games said Friday. Apple said in a statement on Friday that it did not remove Fortnite from alternative distribution…
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.Dimon, the veteran CEO and chairman of the biggest U.S. bank by assets, explained his worldview during his bank’s annual investor day meeting in New York. He said he believes the risks of higher inflation and…
