The search for untapped potential in this market is on as stocks hit new all-time highs. The Dow Jones Industrial Average and S&P 500 notched fresh closing records on Wednesday following the Federal Reserve’s decision to leave interest rates unchanged as U.S. economic growth accelerates. But with the U.S. 10-year Treasury yield near levels not
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A picture taken on February 28, 2021 shows palm trees on the empty “Promenade des anglais” in Nice, on the French riviera. VALERY HACHE | AFP | Getty Images LONDON — The European Commission, the EU’s executive arm, proposed Wednesday a vaccination certificate for citizens as a way to prop up tourism-related activities this summer.
As more countries lift travel restrictions for those who have been vaccinated, the world is slowly opening to travelers again. Travelers without kids, that is. To date, no Covid-19 vaccine has been approved for use in children, said Dr. Sharon Nachman, chief of the pediatric infectious disease division at Stony Brook Children’s Hospital. Clinical trials
Singapore Airlines crew members and travelers at the transit hall of Changi Airport in Singapore on Jan. 14, 2021. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore Airlines shares jumped Monday after the city-state confirmed it was in talks with Australia to set up an air travel bubble. Singapore Airlines shares were up
San Francisco Giants pitcher Tyler Anderson (31) throws a pitch during Game 1 of MLB doubleheader between the San Diego Padres and the San Francisco Giants on September 25, 2020 at Oracle Park in San Francisco, CA. Brian Rothmuller | Icon Sportswire | Getty Images The San Francisco Giants partnered with sports marketing agency Pivot
Lloyd Austin, U.S. secretary of defense, speaks during an event in the State Dining Room of the White House in Washington, D.C., on Monday, March 8, 2021. Kevin Dietsch | Bloomberg | Getty Images Secretary of State Antony Blinken and Pentagon chief Lloyd Austin on Wednesday announced plans to visit Asia next week. The trip
Micronesia has confirmed only one case of Covid-19 to date. The Polynesian island of Samoa and the South Pacific island of Vanuatu have just three cases each. Sounds like safe travel choices? There’s just one problem — none are allowing in tourists. Many islands that opened to tourists during the pandemic experienced rising coronavirus infection
SINGAPORE — Singapore has not given up on forming a bilateral “air travel bubble” with Hong Kong that would allow travelers to skip quarantine, the Southeast Asian country’s Transport Minister Ong Ye Kung told CNBC. The arrangement was supposed to begin last November but was postponed after Hong Kong reported a resurgence in new Covid-19
Thor Industries CEO Bob Martin told CNBC on Tuesday he expects to see strong demand for recreational vehicles even after the coronavirus pandemic has passed, buoyed in part by a growing appeal to younger travelers. “As we get into this next generation of buyers, the millennial generation is larger than the boomers, so we see this as
People should start making travel plans now before prices go up, warned Booking Holdings CEO Glenn Fogel. “People want to travel. Everybody’s just anxious to get their lives back the way it used to be. So I would say go out there, look at [prices] now, if you have to cancel, you cancel,” Fogel said
Nancy Yu has been a staple in San Francisco’s Chinatown for more than two decades. Her store, Asiastar Fantasy, sells souvenirs, gifts and cultural items like red envelopes for Lunar New Year. While she’s weathered many challenges over the years, she’s never seen anything quite like 2020. “Last year was a very difficult time —
A picture taken on February 28, 2021 shows palm trees on the empty “Promenade des anglais” in Nice, on the French riviera. VALERY HACHE | AFP | Getty Images LONDON — Airlines in Europe are looking at sunshine and beaches as their route to making money again. The sector has been severely hit by the
Amid the coronavirus pandemic, many flights are canceled at Orlando International Airport in Florida on March 24, 2020. Stephen M. Dowell | Orlando Sentinel | Getty Images One year ago, I booked round-trip tickets on Frontier Airlines for a vacation in Florida. When the coronavirus outbreak grounded our plans, I was issued a voucher —
As vaccination rollouts gather pace around the world, attention is now turning to vaccines of another kind: vaccine passports. Last week, the International Air Travel Association (IATA) announced the launch of its new digital travel pass as “the way forward” in resuming quarantine-free international travel. The app, which is so far being trialed by 30
Apollo Global Management is betting on a strong return of business conventions once the coronavirus pandemic subsides, a belief reflected in its recent deal with Las Vegas Sands, according to David Sambur, co-lead partner of private equity at the firm. Announced earlier Wednesday, Sands said it will sell the real estate for the Venetian, Palazzo and
Customs and manners are so important to Japanese culture that many travel websites have sections dedicated to the topic. Japan is currently closed to international travelers, but the country is exploring ways to safely reopen before the start of the Tokyo Summer Olympics, which is scheduled for late July. Tourists aren’t expected to understand all
NurPhoto | NurPhoto | Getty Images Dotted with island resorts and endowed with white sandy beaches and turquoise seas, the Maldives has always billed itself as a top tourist destination. But the coronavirus pandemic brought the global travel and tourism industry to a grinding halt last year, forcing the island-nation to step up economic diversification
Co-founder and CEO of Airbnb Brian Chesky speaks during an interview in Langa township, Cape Town, South Africa March 17, 2017. Mike Hutchings | Reuters Airbnb’s stock was up as much as 16% on Friday following a number of analyst reports highlighting that the company is well positioned to capitalize on the expected recovery in
United Airlines passengers wait in the boarding area for their flights at Denver International Airport in Denver, Colorado. Robert Alexander | Getty Images United Airlines‘ latest ski destinations will be accessible by bus. The Chicago-based airline on March 11 will start offering three-times-a-day bus service from its Denver International Airport hub to Breckenridge, Colorado and
The Hemphill Brothers Coach Company knows a thing or two about how celebrities live on the road. The Nashville-based RV company, run by brothers Joey and Trent Hemphill, has been building and outfitting luxury tour buses for 40 years, touting an A-list client roster ranging from mega stars like Taylor Swift, Oprah, Dolly Parton and Beyonce
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