American Airlines makes bag fees even more expensive for basic economy

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Luggage is prepared for an American Airlines flight at O’Hare International Airport in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images American Airlines joined other airlines in raising its bag fees Thursday, but the luggage will be even more expensive for customers who buy basic economy tickets. United Airlines, JetBlue Airways, Delta […]


United Airlines ditches more economy seats for bigger premium cabins

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United Airlines aircraft at Denver International Airport, Aug. 4, 2023. Antonio Perez | Chicago Tribune | Tribune News Service | Getty Images LOS ANGELES — United Airlines‘ formula for higher profits: fewer but better seats. The country’s second-most profitable carrier after Delta Air Lines on Tuesday unveiled new cabin designs, including on some of its […]


Life Time, Planet Fitness earnings show K-shaped economy

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Two of the largest U.S. gym operators delivered the same headline in their latest earnings reports: strong growth. But beneath the surface, Life Time Group Holdings and Planet Fitness told very different stories about the American consumer. They highlighted a widening divide between higher-income households that continue to spend freely and more price-sensitive consumers who […]


How device hoarding by Americans is costing economy

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If you are holding onto your aging printer or cracked smartphone longer than you had planned, you are not alone. Heather Mitchell, 69, retired and living in Tucson, Arizona, is content with her phone even though it is old by smartphone standards. “My Samsung Galaxy A71 is six-years-old. It’s hanging in there surprisingly well for […]


Trump’s dinner with top CEO’s consisted of praising a ‘booming’ economy while addressing tariff concerns

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Last week, some of the nation’s top CEOs talked and laughed with President Trump while enjoying dinner at the White House, chewing over a US economy that the president claims is headed for growth not seen since the days of the Gipper back in the 1980s. But privately, many left that night wondering if the president really […]


AI spending is boosting the economy, many businesses in survival mode

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Cameron Pappas, owner of Norton’s Florist Norton’s For Cameron Pappas, owner of Norton’s Florist in Birmingham, Alabama, the artificial intelligence boom is a world away. While companies like Nvidia, Alphabet and Broadcom are lifting the stock market to fresh highs and bolstering GDP, Pappas is experiencing what’s happening in the real economy, one that’s far removed […]


U.S. consumers expect high prices, weak economy, Deloitte survey says

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As the peak holiday shopping season approaches, most U.S. consumers have a downbeat outlook on the economy, according to an annual Deloitte survey published on Wednesday. Most consumers surveyed — 57% — said they expect the economy to weaken in the year ahead, the consulting firm found in a poll of roughly 4,000 respondents. That […]


» Guess which top college is launching a “creator economy” program?

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I’ll give you a hint. They bleed orange and blue and Dinosaur B-B-Q. Last week, Syracuse University announced the launch of a new Center for the Creator Economy. The first academic hub of its kind on a U.S. college campus, this spanking new third space—fourth space? Fifth space?!—will “offer courses, [and] research and industry partnerships […]


This is why Jamie Dimon is so gloomy on the economy

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Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The more Jamie Dimon worries, the better his bank seems to do. As JPMorgan […]


China Cuts Interest Rates to Shore Up Economy Hit by Trade War

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China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the economy, in the most significant policy steps taken by Chinese officials to limit the impact of the trade war with the United States. The central bank, the People’s Bank of China, cut […]