Stretching Your Dollar: Americans Say Cost of Living is More Expensive
Despite inflation tampering down, Americans continue to report rising costs of living. Patrick Stal, chief marketing officer at Zepz, parent company of WorldRemit, joined 'Stretching Your Dollar,' to talk about WorldRemit's 2023 Cost of Living survey. It found that more than 70 percent of people reported an increase in the daily cost of living while a third also reported a decrease in disposable income.
Updated October 9, 2023 at 11:45 a.m. to note the findings came from WorldRemit's 2023 Cost of Living survey.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
