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Summer vacation: What is townsizing and why is it so hot right now?
Yahoo Finance· 2025-06-14 14:00
Travel Trends - Price Line's research team coined the term "town sizing," indicating a trend where consumers seek quieter destinations and hometown experiences in smaller markets [3][4] - While smaller markets gain traction, major entertainment hubs like Orlando, New York, Los Angeles, San Francisco, Seattle, and San Diego remain popular [5][6] - Consumers prioritize summer vacations, adapting their travel patterns based on restrictions and costs [7] - Interest in longer vacations overseas, particularly to Asia (Japan) and Europe (Rome, Paris, London), continues into 2025 [8] - Travelers are exploring more affordable international destinations like Manila, Seoul, Prague, Istanbul, and Berlin, where five-star hotels can be found for under $200, and sometimes close to $100 per night [9][10] International Travel - Inbound travel to the US from Canada has decreased due to tariff policies, leading Canadians to seek alternative destinations like Mexico [11][12] - There has been a slight reduction in traffic coming into the US from Europe [13] Booking Tips - Flexibility in travel dates (shifting a day or two) can significantly reduce flight costs [14] - Price comparison and open-mindedness regarding destinations are recommended to find better deals [15] - Flight prices for overseas travel are favorable due to increased inventory [15][16] - Price Line offers products like Express Deals to help consumers find great value [17]
GM to invest $4B to boost U.S. manufacturing
Yahoo Finance· 2025-06-14 13:00
Production Expansion - GM will invest $4 billion to augment current plants to boost US production [1] - This investment will enable GM to assemble over 2 million vehicles annually [1] - The expansion is expected to create 3,000 to 4,000 union jobs [1] - Production of gas-powered Chevy Blazer and Chevy Equinox will increase in the US [1] - Production of some gas-powered full-size SUVs and light duty pickups like the Silverado will move to Michigan [2] Trade and Tariff Impact - The production shift is a response to 25% sector tariffs on autos and USMCA imports [3] - These moves are viewed as a long-term mitigation effort [3] - GM anticipates $4 billion to $5 billion in tariff costs [3]
Israel-Iran tensions and what it means for investors
Yahoo Finance· 2025-06-14 05:54
Yahoo Finance speaks with experts about the escalating Israel-Iran conflict and what it means for markets and investors. #youtube #news #Iran #Israel About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https:// ...
Insurance tips for hurricane season
Yahoo Finance· 2025-06-14 04:01
[Music] The National Oceanic and Atmospheric Administration, known as NOAA, is predicting a 60% chance of an above normal hurricane season. The agency forecasting a range of 13 to 19 named storms with 6 to 10 of those becoming hurricanes, which means winds of 74 miles hour or higher. The 2024 hurricane season resulted in more than 182 billion in damages according to Noah, higher than the average annual cost for the past five years.We want to talk about financially preparing for the 2025 hurricane season. He ...
3 things that are making buying a home really hard
Yahoo Finance· 2025-06-13 23:40
While mortgage rates hold steady for another week, affordability does rem remain a pain point in the housing market. Our next guest pointing to a mixed picture in leading indicators for demand. That's Jim Egan, Morgan Stanley, US housing strategist and co-head of securitized products research.Jim's here with me in the studio. Thanks for being here. Thank you for having me.So given that we have not seen that much movement on rates and notably not that much relief on rates, do we remain in this sort of stuck ...
Trump's immigration and tariffs policies: How homebuilders are feeling the impact
Yahoo Finance· 2025-06-13 23:40
Immigration Crackdown Impact - US industries like crop production, food processing, and construction are significantly impacted by immigration crackdown, with undocumented immigrants comprising 15% to 20% or more of the workforce [1] - Initial weeks saw a slight lull in construction, but no major problems have been observed recently on construction sites [3] - Labor shortages are significant, especially for skilled trades, leading to increased labor costs [11] Regional Differences - Southeast region experiences less impact compared to Texas and California, which have a higher percentage of Hispanic construction workers [5][6][7] - Nationally, over 60% of roofers and over 50% of painters are Hispanic [6] Employer Responsibility - Home builders primarily check licenses, workman's compensation, and insurance certificates of subcontractors, but not the individual workers of those subcontractors [9] - Responsibility of ensuring legal status falls on the subcontractors [9] Housing Market Dynamics - Supply chain constraints have eased, but labor remains a significant constraint [10][11] - Tariffs on lumber from the Pacific Northwest and Canada negatively affect the US and home building industries by increasing costs [12][13] - Rent increases are being kept reasonable at around 2% to 3% despite rising costs [14] - Renting is now cheaper than buying a home in all 50 MSAs in the US due to high interest rates [15] - Properties are nearly 100% full, indicating strong demand [16]
Stocks fall on Middle East tensions, Tesla registrations drop, Trump prepares for G7 summit
Yahoo Finance· 2025-06-13 21:37
On today's Market Domination Overtime, host Julie Hyman and Yahoo Finance markets and data editor Jared Blikre break down the market selloff following Israel’s strikes on Iranian nuclear and military targets. Yahoo Finance Senior Reporter Pras Subramanian unpacks a 16% drop in US Tesla registrations and what it could mean for Elon Musk’s robotaxi timeline. Kinloch Partners CEO Bruce McNeilage also joins the show to discuss why construction job sites in the Southeast haven’t seen major impacts from recent IC ...
Stocks slide amid Israel-Iran conflict, President Trump calls for Iran to make a deal
Yahoo Finance· 2025-06-13 19:18
Market Trends & Geopolitical Risks - Geopolitical risks are pressuring markets, leading to a slide in stocks [1] - The stock market's movement is influenced by Israel's attack on Iran [1] - Former Ambassador to Morocco Marc Ginsberg discusses the implications of the Israeli attack on Iran for US negotiations [1] Key Events & Statements - Brad Smith provides analysis of the latest news and market movers for June 13, 2025 [1] - President Trump is urging Iran to make a deal [1] Resources & Information - Yahoo Finance offers free stock ticker data, up-to-date news, and portfolio management resources [1] - Yahoo Finance provides comprehensive market data and advanced tools [1] - The report directs users to Yahoo Finance's website and app for more financial information [1]
Most Americans can’t answer basic retirement questions: Survey
Yahoo Finance· 2025-06-13 19:08
Well, moving on, a new report found that the majority of Americans don't know crucial information about their own retirement planning, answering just two out of six retirement related questions correctly. Joining me now is Yahoo Finance senior columnist Carrie Hannon. So, Carrie, why is financial literacy so important, especially when it comes to retirement.Yeah, this is huge, Ally. It's surprising and actually quite shocking that people don't know uh these basic concepts of what's going to determine their ...
Meta's Scale AI deal, Adobe earnings, Microsoft's record high: Analyst weighs in
Yahoo Finance· 2025-06-13 15:54
Meta finalizing its deal with Scale AI, investing $14 billion in hiring the company's CEO, Alexander Wang. Meta will have a 49% stake in the artificial intelligence startup. Joining me now, we've got Gil Lauria, who is the DA Davidson, head of technology research.So, Gil, just take us into your assessment of what this means in effectiveness for Meta and their own ambitions with AI. This is uh unbelievable. Uh it tells you that uh Mark Zuckerberg thinks that having one of the most competitive AI models is th ...