Inflation is rising, but fans are paying for NBA, NFL, other sports tickets

People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means great demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times, bad … Read more

How Supreme Court went from Roe v. Wade to drafting opinion to overturn it

The US Supreme Court is seen through high fencing that was installed overnight following protests outside the court following the leaked opinion suggesting the possibility of overturning the Roe v. Wade abortion rights decision, in Washington, May 5, 2022. Evelyn Hockstein Reuters Federal protections for abortion rights have understood legal challenges for nearly half a … Read more

Starbucks accused of more than 200 labor violations in the NLRB complaint

Starbucks workers react as they speak to the media after union vote in Buffalo, New York, December 9, 2021. Lindsay DeDario Reuters The regional director of the National Labor Relations Board in Buffalo, NY, issued a complaint Friday accusing Starbucks of 29 unfair labor practice charges that included over 200 violations of the National Labor … Read more

Wedding costs surge as pent-up demand, inflation force couples to cut back

Nicole Brandfon and her fiance Adam Alonso are planning a wedding in Colombia, rather than Miami, because it was more affordable. Source: Nicole Brandfon Nicole Brandfon and her fiance, Adam Alonso, will hop on a plane from Florida to South America early next year for a wedding destination. The international trip wasn’t their original plan, … Read more

5 things to know before the stock market opens Friday, May 6

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures drop after worst day for Dow, Nasdaq since 2020 A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, May 5, 2022. Andrew Kelly Reuters US stock futures turned … Read more

5 things to know before the stock market opens Thursday, May 5

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to drop after a strong Fed-driven relief rally A screen displays the Fed rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New … Read more

How small businesses can avoid financial missteps in an inflationary environment

After a career in corporate America, IyaSokoya Karade turned her love of gymnastics and her retirement savings into a new enterprise: opening a youth fitness center in her local community. She soon learned that having a passion was not enough to create a sustainable business. One of her earliest mistakes, she said, was not paying … Read more

New York City could bring back mask mandates, vaccine checks

Children are seen walking to school, on the first day of lifting the indoor mask mandate for DOE schools between K through 12, in Brooklyn, New York City, New York, US March 7, 2022. Brendan McDermid Reuters New York City could bring back mask mandates and proof of vaccination status to go to restaurants, bars … Read more

From Estee Lauder to Apple, China’s Covid restrictions take their toll

Factories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site. Pictured here is an auto parts manufacturer in Suzhou that has had 478 employees on site since April 16. CFOTO | Future Publishing | Getty Images BEIJING – Several international corporations warned in the last week of the drag from … Read more

The World Bank must bring back the ‘Ease of Doing Business’ report

The World Bank’s “Ease of Doing Business” report tracked and encouraged improvements in the business climate around the world. Then it got canceled. Bloomberg | Bloomberg | Getty Images The following commentary is co-authored by Curtis S. Chin, former US ambassador to the Asian Development Bank and inaugural Asia Fellow of the Milken Institute, and … Read more