Economy

Travelers' demand for more unique experiences fuels lifestyle hotel boom in Asia

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Travelers' demand for more unique experiences fuels lifestyle hotel boom in Asia

Lifestyle hotels in Asia-Pacific are set to grow 34% by 2027 — driven by demand for unique, experience-led travel and rising investor interest.

a year ago

High cost of goods is causing consumers to spend less for the holidays, CNBC survey finds

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High cost of goods is causing consumers to spend less for the holidays, CNBC survey finds

The latest CNBC All-America Economic Survey found the high cost of goods has emerged as a major factor affecting how much shoppers spend and where they spend.

a year ago

Sonder announces bankruptcy plans; tells guests to vacate hotel rooms: 'People were scrambling'

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Sonder announces bankruptcy plans; tells guests to vacate hotel rooms: 'People were scrambling'

Apartment rentals firm Sonder said it's liquidating operations, a day after Marriott said a licensing agreement between the two companies had ended.

a year ago

China's retail sales growth sharply misses estimates in November, deepening consumption worries

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China's retail sales growth sharply misses estimates in November, deepening consumption worries

China's retail sales growth and industrial production missed estimates in November while investment, including in property, declined more than expected.

a year ago

Goldman Sachs makes big bet on ETFs specializing in downside protection

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Goldman Sachs makes big bet on ETFs specializing in downside protection

Goldman Sachs Asset Management is making a big bet on defined outcome exchange-traded funds — which use options to help protect against market losses.

a year ago

Roomba maker iRobot files for bankruptcy, pursues manufacturer buyout

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Roomba maker iRobot files for bankruptcy, pursues manufacturer buyout

iRobot, the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday, saying that it would go private after being bought by Picea Robotics.

a year ago

This gold ETF is resuming its upward trajectory. Here are the levels to watch, per Katie Stockton

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This gold ETF is resuming its upward trajectory. Here are the levels to watch, per Katie Stockton

Katie Stockton breaks down the technicals on GLD.

a year ago

Why Asia is leading the way in stablecoin adoption

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Why Asia is leading the way in stablecoin adoption

Asia Pacific is leading the world in stablecoin activity, with over a trillion dollars worth of stablecoins moving in, out and within the region in 2024, according to an International Monetary Fund working paper. So, what’s driving Asia’s stablecoin surge?

a year ago

Market rotation, the Fed's Kevins, Netflix's 'Star Wars' moment and more in Morning Squawk

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Market rotation, the Fed's Kevins, Netflix's 'Star Wars' moment and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

a year ago

Here Monday's biggest analyst calls: Nvidia, Tesla, Apple, Viking, Hershey, Marriott, Dollar General & more

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Here Monday's biggest analyst calls: Nvidia, Tesla, Apple, Viking, Hershey, Marriott, Dollar General & more

Here are the biggest calls on Wall Street on Monday.

a year ago

Why private investors are pouring billions into Europe's defense tech sector

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Why private investors are pouring billions into Europe's defense tech sector

Venture capital investment in European deep tech defense, security and resilience startups has grown from $159 million in 2014 to $5.2 billion in 2024 – a 32-fold increase in just a decade, according to the NATO Innovation Fund. So, why are investors betting on European defense tech? And what more needs to be done for the sector to truly compete at a global level?

a year ago

Why so many millionaires are moving to Italy

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Why so many millionaires are moving to Italy

A new wave of the uber wealthy is relocating to the European country — looking to take advantage of its investor friendly environment, thriving real estate market and low tax regime.

a year ago