Americans are opening their wallets to celebrate romance — and a lot of them are looking for experiences.
According to the National Retail Federation, people are expected to spend $23.9 billion this Valentine's Day. While candy, greeting cards, and flowers make the top three most popular gifts, experiences are growing in popularity. This year, 31 percent of respondents said they plan on gifting an activity, whether that's dinner out or tickets to see a show. It's up from just 24 percent in 2021.
"We've had a rough two years," said Junior's Restaurant owner Alan Rosen. "People are itching to get out, enjoy themselves. They want experiences. They want to go to famous restaurants. They want to go to places and travel, and, of course, have some great cheesecake with their loved ones."
The diner chain, famous for its cheesecake, is celebrating the holiday by offering vow renewals and weddings at its flagship location in Brooklyn, N.Y. Rosen even got ordained in order to facilitate the ceremonies. Three lucky couples who had Junior's-related love stories were gifted a New York City honeymoon, where they received tickets to a Broadway show, a hotel stay in the Big Apple, and other treats including Junior's cheesecake for life.
"Just in this recent weekend with the mask mandate being lifted, I think people felt a little bit overjoyed," Rosen said about business bounding back. "Obviously, Valentine's Day is a great time to celebrate."
Tech companies of all sizes are showing off their latest gadgets at CES 2024 in Las Vegas. And that includes new technology that's changing the world of food and drinks.
Matt Hougan, CIO of Bitwise Asset Management, gives Cheddar the latest on the Securities and Exchange Commission approval of bitcoin ETFs. Hougan calls this time a 'potential major milestone for bitcoin.'
LeBron James has agreed to an exclusive deal with Fanatics Collectibles. James and his son, Bronny, will appear together on a unique sports trading card to herald the Los Angeles Lakers superstar’s new multiyear partnership with Fanatics.
Joe Zhao, Managing Partner at Millennia Capital, joined Cheddar to discuss the latest stock moves and how the market is being impacted by artificial intelligence.
Wall Street was quiet early following a lackluster session a day earlier as markets await U.S. inflation data and high-profile corporate earnings reports later in the week.
The World Economic Forum says false and misleading information supercharged with cutting-edge artificial intelligence is the top immediate risk to the global economy.
CES 2024 starts this week in Las Vegas. It's set to feature swaths of the latest advances and gadgets across personal tech, transportation, health care, sustainability and more. Here's a list of the coolest announcements so far.
Astronauts will have to wait until next year before flying to the moon and another few years before landing on it. NASA on Tuesday announced the latest round of delays in its Artemis moon-landing program.