Storyteller. Former aviation and economics reporter who still digs data and travel. Knocking on strangers’ doors to sell Girl Scout cookies was good training.
Latest #FederalReserve#BeigeBook: Economic activity increased slightly moderately in 10/12 districts. Data showed #consumerspending bifurcated by income, more #creditcard use and fewer #retail visits. Home, consumer and agricultural loan delinquencies are rising in some areas.
Here’s a sobering economic graph from Axios. Real per capita #disposableincome (money consumers can spend after taxes + #inflation) fell 1.4% in April YOY, but has steadily declined since mid-2024. That supports a K-shaped #economy and is worrisome for overall #consumerspending.
Some recent CEO comments stand to remind us that most #economicdata lag reality. The CEOs of both #Target and #Walmart this week warned that consumers are feeling pressure from higher fuel prices and overall #inflation, which may affect future #retail spending. #economy
#FederalReserve#FOMC April minutes 2/2: Many members said AI-related business investments support economic growth, but some business reports note that AI adoption may spur hiring declines or delays.
#FederalReserve#FOMC April minutes 1/2: Some members said recent investor withdrawals from private credit funds didn’t “appear to pose risks” to the broader financial system, but others worry that losses there could cause a broad credit contraction.
Other Longwoods’ May #travel survey trends 3/3: Of people planning to travel in the next six months, 36% will choose destinations closer to home, 37% will trim the number of trips and 31% will reduce spending on entertainment during a trip.
Other Longwoods’ May #travel survey 2/3: 25% of US travelers say the Iran war means they’re less likely to travel internationally within 12 months. Of those, 39% will postpone an international trip, 19% will cancel one, 37% will replace an international trip with a domestic one.
Other Longwoods’ May #travel survey 2/3: 25% of US travelers say the Iran war means they’re less likely to travel internationally within 12 months. Of those, 39% will postpone an international trip, 19% will cancel one, 37% will replace an international trip with a domestic one.
Longwoods’ May #travel survey: Despite the #Iranwar and higher #prices, 90% of Americans plan to travel this summer/fall. “This will still be a year of the Great American Road Trip” as travelers seek value. I wrote 2 #roadtrip articles for @StarTribune https://t.co/vl2PKsHJrq
Longwoods’ May #travel survey: Despite the #Iranwar and higher #prices, 90% of Americans plan to travel this summer/fall. “This will still be a year of the Great American Road Trip” as travelers seek value. I wrote 2 #roadtrip articles for @StarTribune https://t.co/vl2PKsHJrq
#Roadtrip ideas 2/2: #Gasprices might be high, but a road trip still is one of the most affordable and fun trips you can take this summer—or any time. Here are 3 essential road trips in #Minnesota. #travel@StarTribune https://t.co/hbp8FrMXpQ
#Roadtrip ideas 1/2: #Gasprices might be high, but a road trip still is one of the most affordable and fun trips you can take this summer—or any time. Here are 5 amazing #Midwest road trips. #Minnesota#travel@StarTribune https://t.co/vl2PKsHJrq
US #inflation rose 3.8% in April YOY, the highest level in nearly three years, led by higher #energy#prices related to the Iran #war. Some of the highest gains were:
Fuel oil +54.3%
#Tomatoes +39.7%
#Gas +29.2%
#Airfare +20.7%
#Coffee +18.5%
Raw steak +16.1%
#Jewelry +16.1%
#SanFrancisco’s #airport is the latest to once again let people not flying access post-security areas. For #SFO’s guest pass program, you can apply online up to 30 days in advance (to be vetted by TSA). There are restrictions. #travel https://t.co/v0jeSjrTwf