A look at the events that are sure to make the market move next week — the final week of 2019!
Illinois is ringing in the new year by legalizing pot. On January 1st, residents that are at least 21 years old will legally be allowed to possess up to 30 grams of marijuana flower, 5 grams of cannabis concentrate and products infused with half a gram of THC. Non-residents will be allowed to purchase half of those amounts. Stores are planning to open their doors as early as 6am Wednesday to manage the anticipated rush.
Next week is a big travel week as the holiday season comes to a close. AAA says a record 115.6 million Americans will have traveled between December 21st and Wednesday, January 1st. More than 90 percent will travel by car, the most on record. But AAA doesn't expect many delays from the influx in travelers — unless you're in big cities like New York or Washington DC. Traffic in those cities will triple next week.
There's also been a 5% jump in air travel, the biggest year-over-year increase since AAA began tracking this data in 2000.
Not everyone was happy with their holiday presents this year. On January 2nd, National Returns Day, people are expected to deposit 1.9 million packages according to UPS. That's an increase of 26% from last year. Thursday is set to mark the seventh consecutive record National Rreturns Day, following growing e-commerce gift purchases. A rise in returns spells out bad news for retailers, costing up to millions of dollars in lost sales.
Eric Bowman. the executive editor at TravelPulse, offers some guidance to help you get the airfare you want at a price you're willing to pay.
The union representing 340,000 UPS workers said 86% of voting members approved the tentative contract agreement reached last month.
Mike Mussio, president of FBB Capital Partners, offers some advice to help potential savers get ahead.
Swingers mini golf co-founder and co-CEO Matt Grech-Smith explains the appeal of putt-putt for adults and the company's expansion to Las Vegas.
From moving finances online to the new ways we'll be getting cash, Ray Hatch, the Vice President of Enterprise Solutions Vertical Markets at Comcast Business explains how the banking industry is getting ready for the future.
Swingers mini golf chain co-founder and co-CEO Matt Grech-Smith explains how his company is finding success by creating a more adult version of a longtime family favorite.
Shopping expert Trae Bodge shares tips for saving money while back-to-school shopping for college students.
The managers of the Panama Canal said they expect income from the waterway to drop after authorities were forced to limit the number of ships passing through each to 32 due to a lack of rainfall.
Nissan is recalling more than 236,000 small cars in the U.S. because the tie rods in front suspension can bend and break, possibly causing drivers to lose steering control.
Canadian Prime Minister Justin Trudeau accused Facebook on Monday of putting profits over people’s safety during the emergencies created by Canada’s record wildfire season.
