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Credit card companies see big opportunity in small business spending

May 17, 2024
Small business spending has been fairly slow recently, according to American Express. But credit card companies see a lot of potential in the market.
The competition for business owners’ wallets has been heating up, despite today’s subdued spending environment.
visualspace via Getty Images

Why some drivers are still hesitant to go electric

May 17, 2024
EVs, hybrids and plug-in hybrids made up 18% of new vehicle sales in the U.S. in the first quarter of this year. But that share was down slightly from the previous quarter.
Higher sticker price remains a big variable holding drivers back from  buying EVs, said Leah Stokes, an associate professor at UC Santa Barbara.
Patrick T. Fallon/APF via Getty Images

Pro-Palestinian student protests spread across Europe

May 17, 2024
As the Israel-Hamas conflict continues, students are calling for their universities to cut financial and institutional ties with Israel.
Demonstrators march near the University of Amsterdam during a pro-Palestinian protest on May 9.
Ramon Van Flymen/ANP/AFP via Getty Images

Glitz, glamor and economics at this year's upfronts

Media companies are leaning more into digital assets like streaming as advertisers continue to shy away from investing in broadcast television.
Media companies often try to woo advertisers during their upfronts, such as this year's Amazon Prime Video announcement of a "Legally Blonde" prequel series.
Slaven Vlasic/Getty Images for Amazon

Americans go into debt — this time for groceries

May 17, 2024
More than a quarter of Americans used a credit card to buy groceries last year and did not pay off the balance when it was due.
PeopleImages/Getty Images

Wayfair steps into IRL retail

May 16, 2024
Many consumers are more comfortable buying furnishings in person. Several online-native brands have recently expanded into physical retail.
Wayfair's first brick-and-mortar store, located in Wilmette, Illinois. The 150,000-square-foot space will carry only a fraction of what’s online.
Scott Olson/Getty Images

The high stakes trade that can move entire currencies 

May 16, 2024
The “currency carry trade” is one way investors chase returns by moving their money from one country to another, and it can move currency markets. It’s emblematic of the power of interest rates to slosh money around the globe, and it may be growing. 
Currency carry trade is a particular type of bet that investors make when they think they can earn more money in one country than in another.
Kazuhiro Nogi/APF via Getty Images

For public good, not for profit.

Weekly jobless claims dip, but they've climbed this spring. What's the takeaway?

May 16, 2024
Recent data indicates some cooling of the job market, but the real number of people laid off may be higher.
The Conference Board reports more Americans anticipate that jobs will be harder to find, and employment and income trends will worsen, in the coming months.
Scott Barbour/Getty Images

Walmart's newest growth market? More affluent shoppers

May 16, 2024
"I’m not embarrassed to say I bought something from Walmart anymore," says one such shopper.
The company has been trying to lure more high-end shoppers with new, trendier products and faster delivery of online orders.
Joe Raedle/Getty Images

With low wool prices, Midwestern sheep farmers are innovating with the fiber

May 16, 2024
Some are looking for new uses for fleeces while others shift to breeds that don’t produce much wool at all.
Newly shorn sheep bask in the spring sunlight at the Cory Family Farm in Polk County, Iowa.
Rachel Cramer/Harvest Public Media