Best hotels for business travelers in Asia-Pacific

Business travelers are on the road again. So there’s no better time for CNBC Travel to name the best hotels for business travel across Asia-Pacific. CNBC joined with the market and consumer data firm Statista to produce rankings of the “Best Hotels for Business Travelers.” A second list of rankings for hotels in Europe and … Read more

McDonald’s board adds three new directors in shake-up

The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters McDonald’s board is gaining three new members and losing one long-time director. Sheila Penrose, who leads the board’s sustainability and corporate responsibility committee, will retire on Sept. 30 after 16 years on the fast-food giant’s board. … Read more

These companies are still flexing pricing power amid strong consumer demand

If you haven’t heard a lot about pricing power this earnings season, there’s a good reason: There hasn’t been a lot of it to go around. Many of the companies that have opted to pass along higher costs to consumers in the form of price increases are seeing lower volumes. There are a number of … Read more

The White House goes on offense to argue that the US is not in a recession

US President Joe Biden delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, US, July 28, 2022. Elizabeth Frantz | Reuters WASHINGTON — The White House responded to second-quarter negative GDP growth with a full slate of events and a well-coordinated message: Despite what everyone is saying, the US … Read more

Stocks head into August with a tailwind, as investors await jobs data and a slew of earnings

From Caterpillar to Amgen, dozens of large companies report earnings in the coming week, but it may be big economic data, such as Friday’s jobs report, that takes over as a major market catalyst. Monthly employment reports are always important, but the next few may be even more so. Federal Reserve Chair Jerome Powell made … Read more

Goldman analysts love these stocks, not so the rest of Wall Street

The stock market has fallen more than many Wall Street experts expected this year, so some investors are looking for less conventional, more contrarian ideas. Goldman Sachs’ Deep Mehta compiled a list of stocks that Goldman analysts rate a buy while more than half of all other Wall Street analysts do not. “These names appear … Read more

Travel costs are up but travelers aren’t canceling their plans yet

Summer travel talk sure is not what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which could derail a much-needed 2022 summer travel comeback. Travel conversations on Twitter decreased 75% from April to May, while discussions related to … Read more

Why Marriott, Hilton and Hyatt say hotel prices are only going up

Despite high inflation, a softening economy, and fears of a recession, the hotel industry is not seeing any slowdown. It’s the exact opposite, with Hilton CEO Chris Nassetta predicting that the hotel chain will “have the biggest summer we’ve ever seen in our 103-year history this summer.” Few industries were hit as hard as travel … Read more

These ‘margin leader’ stocks have strength in a recession, Jefferies says

Recession fears are haunting investors, but these “margin leaders” could be worth adding to your portfolio in a slowing economy, Jefferies found. Markets have come under pressure this year as the Federal Reserve proceeds on its first rate-hiking cycle in more than three years in an effort to curb record inflation. “With growth stocks facing … Read more

Big travel company CEOs hope market turmoil will not derail summer rebound

As economic pundits raise fears about a recession, the most powerful names in travel and hospitality are pushing back, pointing to bookings that illustrate a positive picture of the American consumer. “We think this summer is going to be gangbusters for travel,” Marriott CEO Tony Capuano told last week. Marriott saw an 81% rise in … Read more