The airline industry, which has been severely impacted by the COVID-19 pandemic, is facing a new set of challenges. While airlines have historically been focused on expanding their fleet with new aircraft, the current financial situation has forced them to rethink their strategies. Cash-strapped low-cost carriers and deep discount airlines are now prioritizing cost-saving measures
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Financial journalist and Bitcoin advisor to El Salvador’s president, Nayib Bukele, Max Keiser recently shared his thoughts on the rapidly increasing national debt of the United States. Keiser’s prediction comes in response to a tweet by @RadarHits X, revealing that the U.S. national debt has soared to a record high of $35.27 trillion, translating to
The landscape of consumer behavior is evolving, with more Americans opting to rent rather than own their possessions. According to a report by Intuit Credit Karma, affordability is a key driver behind this shift, leading individuals to rent everything from cars and apartments to clothing and furniture. The rental industry has expanded significantly in recent
The landscape of cannabis consumption is evolving rapidly, especially in New York City. The legalization of adult-use marijuana in the state has paved the way for a thriving market, with licensed cannabis sales surpassing $100 million last year. The luxury market is now embracing cannabis consumption, as evidenced by the presence of dispensaries on Fifth
Netflix’s recent surge to a record high in August has left analysts optimistic about the stock’s potential for even further growth. Breaking above the $700 mark, Netflix reached an intraday record of $711.33, showcasing a 44% increase in shares year to date. Despite facing intensifying competition in the streaming sector and a slowdown in consumer
Goldman Sachs analysts have identified CAE as a potential undervalued gem in the stock market. Despite facing challenges in its civil aviation and defense divisions, the stock has been unfairly punished according to analyst Noah Poponak. The company’s undervaluation is primarily attributed to the struggling defense business, leading to a significant discount compared to its
The Food and Drug Administration recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This move opens up a new competitive landscape for Covid vaccines this fall and winter, as Novavax’s vaccine gears up to combat the highly contagious omicron subvariant JN.1. Unlike Pfizer and Moderna’s mRNA shots,
The US dollar saw a notable uptick in its value after the release of key economic data, which showed that a crucial inflation measure in the country had met expectations. This development, paired with an increase in personal spending and income, fueled market speculation regarding the Federal Reserve’s next move on interest rates. The likelihood
In a market that has seen its fair share of ups and downs, a handful of stocks are showing promising signs as they head into September. These stocks are displaying what investors typically view as a bullish chart pattern, signaling potential growth in the coming weeks. After a slow start to August, the stock market
The dream of owning a home, a quintessential aspect of the American Dream, seems to be slipping out of reach for many individuals in today’s housing market. The combination of higher mortgage rates and a scarcity of homes for sale has resulted in elevated prices, presenting a financial hurdle for potential buyers. According to the