Klaus Vedfelt | Digitalvision | Getty ImagesEarlier this spring, consumers were feeling good about their summer vacation prospects. More people were planning to take a trip compared to last year, and summer travel budgets were up, too, according to a new report from Deloitte.But just a few weeks later — after President Donald Trump announced widescale tariffs and the stock market dropped precipitously, bubbling up recession fears — some would-be vacationers abruptly scaled back their spending plans, a second round of the survey found.About 53% of respondents plan to take leisure vacations this summer, up from 48% in 2024, according…
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Loretta Swit portrays Major Margaret ‘Hot Lips’ Houlihan on the CBS television series, M*A*S*H (MASH). Image dated: May 9, 1972 Los Angeles, CA.CBS Photo Archive | CBS | Getty ImagesLoretta Swit, who won two Emmy Awards playing Maj. Margaret Houlihan, the demanding head nurse of a behind-the-lines surgical unit during the Korean War on the pioneering hit TV series “M.A.S.H.,” has died. She was 87.Publicist Harlan Boll says Swit died Friday at her home in New York City, likely from natural causes.Swit and Alan Alda were the longest-serving cast members on “M.A.S.H.,” which was based on Robert Altman’s 1970 film,…
An oil drum with featuring the logo of the Organization of the Petroleum Exporting Countries (OPEC) at the COP29 climate conference in Baku, Azerbaijan, on Wednesday, Nov. 13, 2024. Andrey Rudakov | Bloomberg | Getty ImagesOPEC+ oil-producing countries met on Saturday to discuss July output with four sources telling Reuters while the meeting was under way that the group was set to agree to an increase of 411,000 barrels per day (bpd), in line with rises set for May and June.The eight OPEC+ members, who began an online meeting shortly after 0900 GMT, were also discussing other options, an OPEC+ delegate…
WASHINGTON — President Donald Trump’s intelligence chief is exploring ways to revamp his routine intelligence briefing in order to build his trust in the material and make it more aligned with how he likes to consume information, according to five people with direct knowledge of the discussions.As part of that effort, National Intelligence Director Tulsi Gabbard has solicited ideas from current and former intelligence officials about steps she could take to tailor the briefing, known as the President’s Daily Brief, or PDB, to Trump’s policy interests and habits.One idea that’s been discussed is possibly creating a video version of the…
Key PointsSummer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down between 50% and 75%.Some renters may be holding out for better deals or waiting to book, but brokers privately say there are other factors at play.A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight…
America’s fertility rate is hovering around historic lows, with approximately 1.6 births per woman over her lifetime. This is below the level needed to sustain the population, which is 2.1 births per woman.”Our population will, in the not too distant future, start to decline,” said Melissa Kearney, a professor of economics at the University of Maryland. “That’s why this is an issue for governments and for the economy, and politicians are starting to pay attention.”The economic implications of a shrinking population are broad. For example, fewer births mean fewer future workers to support programs like Social Security and Medicare, which…
The Volkswagen display at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCVolkswagen wants to make more big investments in the United States, CEO Oliver Blume said in an interview with a German newspaper on Friday, adding that tariff talks with the U.S. government were “fair” and “constructive.”Several foreign companies have announced U.S. investments in response to President Donald Trump’s import tariffs, but German carmakers have been more cautious about committing more resources to what is their biggest export market.Volkswagen’s Audi brand, which has no production in the United States, is planning to produce some models in there, although the brand has said that…
U.S. President Donald Trump on Friday lauded an “agreement” between Nippon Steel and U.S. Steel at a political rally but stopped short of approving the companies’ diplomatically sensitive merger.On a stage near Pittsburgh, Pennsylvania, decorated with signs celebrating “American steel,” Trump declared the American steel company would remain American, while extolling its prospective new Japanese partner.”We’re here today to celebrate a blockbuster agreement that will ensure this storied American company stays an American company,” Trump told more than 1,600 people, including hard hat-wearing workers. “You’re going to stay an American company, you know that, right? But we’re going to have…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, cryptocurrencies slip alongside a pullback on Wall Street driven by trade concerns. Plus, Michael Saylor of Strategy reacts to the rise of corporations buying bitcoin. And, NBA star Tristan Thompson discusses the latest on his projects that blend crypto, web3 and AI.19:46Fri, May 30 20253:00 PM EDT Source link
People work on the production line of auto parts at a carmaker in Qingdao in east China’s Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty ImagesChina called on Saturday for its automotive industry to halt brutal price wars, as a threat to the sector’s health and sustainable development, after key executives jousted over pricing pressure following large discounts offered to buyers.Tension between some top players in the world’s largest auto market has spilled into the open as competition intensifies, with price wars begun in early 2023 showing little sign of abating, despite…
