Category: Business
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Airfare Prices Are Falling in the U.S.
Airfare prices dropped 18.9% in the year up to June, or 8.1% between May and June, even as passenger traffic reached record levels. Airfare prices surged last summer when Americans began planning vacations that were put on hold during the pandemic. At the same time, airlines struggled to provide seats because they had grounded planes…
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Google Launches Bard, The ChatGPT Competitor, in Brazil
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The US tech giant, Google, launched its Artificial Intelligence tool, called ‘Bard’, in February, but it has only now arrived in Brazil. The Google team rushed to catch up with rival Microsoft, which launched ChatGPT last year. The AI tool can now be used in over 40 languages, including Arabic, Chinese, German, Hindi, Spanish, and…
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Inflation Continues to Cool in the U.S.
The inflation data released on Wednesday (11) showed a pronounced cooling. The Consumer Price Index rose 3% year-on-year through June, less than the 4% increase year-on-year through May and only one-third of the peak of approximately 9% annually from last summer.What does this mean for consumers?The latest data provided some relief for American consumers who…
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Number of Foreign Tourists in Brazil Grows 108% in 2023
Brazil welcomed 2.97 million international tourists in the first five months of 2023. This number is 108% higher than that recorded from January to May last year. According to the Ministry of Tourism, in May alone, more than 292,300 people visited the country, representing a 44.5% increase compared to the same month in 2022. The…
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Disney Is Surprisingly Less Crowded This Summer. Why Could That Be?
Visitors to Walt Disney World this summer are facing significantly shorter wait times to enter attractions – a sign that the theme parks may be receiving fewer visitors. Data from the analysis company Touring Plans shows that smaller crowds are visiting the North American theme parks of The Walt Disney Company, as well as its…
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Bank of America Accused of Opening Fake Accounts and Charging Illegal Fees to Customers
Federal regulators announced on Tuesday (10) that they discovered Bank of America harmed customers by doubling fees, withholding credit card rewards, and opening fake accounts, in violation of several consumer financial protection laws. As a result, the Consumer Financial Protection Bureau (CFPB) ordered Bank of America (BAC) to pay over $100 million to customers and…
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Public Transport Will Be Free in These American Cities
More major cities in the United States are allowing public transport passengers to board for free. Kansas City; Raleigh; Richmond; Olympia; Tucson; Alexandria, Virginia; and other cities are testing the elimination of fares in their public transport systems. Denver is canceling fares in its system this summer. Boston is testing three public bus routes with…
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Tomorrow Is Prime Day: How Amazon Transformed a Slow Sales Season into the Biggest Day of the Year for Businesses
Tomorrow Is Prime Day: How Amazon Transformed a Slow Sales Season into the Biggest Day of the Year for Businesses
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How Much Do You Need to Feel Rich in the U.S.?
How much do you need to feel financially secure? And to feel rich? More than 2,500 American adults said they would need to earn an average of $233,000 per year to feel financially secure and $483,000 annually to feel rich or achieve financial freedom, according to a new survey by Bankrate. For comparison, the average…
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Battle of Giants
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This Wednesday, the Meta platform (Facebook, Instagram, and WhatsApp) launched its newest app. Threads is the bet on microblogging that promises to dethrone Twitter. It’s no secret that since Elon Musk took over Twitter, the platform has been losing many users. Positioned by Meta as “a separate space for real-time information and public conversations,” Threads…