Mathisworks | Digitalvision Vectors | Getty Images For years, hotel operators have under-invested in technology, but persistent labor challenges are forcing a reckoning in the industry. “The labor issue is a big driver for investments in technology,” said Mark Haley, a partner at Prism Hospitality Consulting, which specializes in hospitality technology and marketing. “You can’t
admin
Prices at a Chevron gas station in Menlo Park, California, on Tuesday, May 24, 2022. David Paul Morris | Bloomberg | Getty Images The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time due to increased demand from the economy reopening from the pandemic and depleted oil supplies
It’s a true trompe l’oeil. This French chateau gives every impression of being set in Provence, a region of southeastern France known for ancient hilltop villages, lavender fields and rolling vineyards. And while the estate accurately reflects that heritage, it’s actually located across an ocean and some 5,800 miles away in the Arcadia neighborhood of
More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington. And a rising number of former Californians are migrating out of the country altogether and are instead heading south of the border. Many are seeking a more relaxed and
A deposit this week into Illinois’ once barren rainy day fund brought it to $751 million with plans to bring it in the next fiscal year up to $1 billion, a level not seen before but one that still falls short of other states. Prior deposits earlier this year brought the account up to about
US defence secretary Lloyd Austin accused China of stepping up coercive behaviour towards Taiwan as he stressed that Washington would maintain its military capacity to resist any force that threatened the country. Speaking at the IISS Shangri-La Dialogue defence forum in Singapore, Austin said China was engaging in provocative behaviour across the Indo-Pacific region that
Municipals saw yields rise across the curve, with the largest losses out long to end the week, while a higher-than-expected inflation report led to a massive U.S. Treasury selloff on the front of the curve and sent equities tumbling. With Friday’s Consumer Price Index report, the “prospects for a quick slowdown in the rate of
Reports that Terra (the new LUNA orLUNA2) founder Do Kwon allegedly withdrew $80 million monthly before the project crashed surfaced Friday, leading members of the community to voice their opinions on the matter. In a tweet, crypto trader and analyst Michaël van de Poppe said that Kwon deserves imprisonment. He compared the Terraform Labs CEO
In this article BCSF (Click here to subscribe to the Delivering Alpha newsletter.) Bain Capital, with $160 billion in assets, is one of the largest private, private equity firms. Despite many of its peers going public, like TPG earlier this year, Bain has no immediate plans to join them. John Connaughton is Bain Capital’s global head of
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images The week ahead may all come down to
Sales of luxury homes tumbled 17.8% year over year during the three months ending April 30, the largest drop since the onset of the pandemic sent shockwaves through the housing market. By comparison, sales of non-luxury homes fell 5.4%. That’s according to an analysis of luxury real estate trends from Redfin, a technology-powered real estate
Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent. Diana Olick | CNBC Real Estate Correspondent As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more Americans have the flexibility to
In modern times of rapid globalization and digitization, technological developments have now reached such proportions that the usage of cryptocurrencies is no new phenomenon. The technology behind blockchain opens the internet for financial services by replacing trust, a fundamental component of the financial system for centuries, with transparency integrated into a decentralized network. Thereby, blockchain
zacks.com zacks.com/ultimate
New York City has an early budget for the new fiscal year, one that totals a record high $101 billion for fiscal 2023 and includes a record level of $8.3 billion in reserves. At a City Hall press conference Friday afternoon, Mayor Eric Adams, Council Speaker Adrienne Adams and Council Finance Chair Justin Brannan announced
Octopus Energy has made a last-minute entry in a three-way race to buy collapsed electricity and gas supplier Bulb, according to two people close to the deal. Centrica, the owner of British Gas, and Masdar, an Abu Dhabi-based energy company, are also in talks with the UK government as it tries to secure bids ahead
With Indiana revenue collections running $1 billion over estimates with just one month left in the fiscal year, Gov. Eric Holcomb proposed returning that amount from reserves to taxpayers through an automatic tax refund. Holcomb, a Republican, called for a special session to approve the proposal. “Hoosiers have real needs right now during this period
Solana (SOL) is nearing a decisive breakdown moment as it inches towards the apex of its prevailing “descending triangle” pattern. SOL’s 40% price decline setup Notably, SOL’s price has been consolidating inside a range defined by a falling trendline resistance and horizontal trendline support, which appears like a descending triangle—a trend continuation pattern. Therefore, since
In this article FOUN Traders on the floor of the NYSE, June 8, 2022. Source: NYSE SPACs are known to be a roundabout investment vehicle to take private companies public. Not this one. Bull Horn Holdings is merging with biotech Coeptis Therapeutics, a public company traded over the counter. The SPAC sponsors told CNBC they went for
In this article ILMN MTN SFIX DOCU The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Here are the stocks making notable moves after the bell on Thursday, June 9. DocuSign — Shares of the software company