Business

Every summer, aviation enthusiasts from around the globe converge in Oshkosh, Wisconsin, for the EAA AirVenture Oshkosh event, a spectacle that transforms Wittman Regional Airport (KOSH) into the world’s busiest airport. This extraordinary gathering of aircraft showcases not only the passion for aviation but also the remarkable logistics that allow for over 10,000 aircraft movements in just one week, surpassing even major international airports like Chicago O’Hare and Atlanta Hartsfield.

In a world where the cost of living continues to rise due to inflation and economic fluctuations, the perception of wealth is shifting dramatically. A recent report from Charles Schwab reveals that Americans now believe it takes an average of $2.3 million to be considered wealthy. This figure marks a notable increase from past years, reflecting the changing landscape of financial aspirations across generations.

The survey, conducted between April 24 and May 23, 2025, involved 2,200 adults aged 21 to 75, providing a comprehensive view of how different age groups perceive financial success. Interestingly, while the average threshold for wealth has dropped slightly from $2.5 million in 2024, it remains significantly higher than the $1.9 million reported in 2021. Respondents also expressed a feeling that the bar for achieving wealth is continually rising, with 63% stating that it feels more challenging to attain wealth today than it did the previous year. Factors such as inflation, a struggling economy, and increased taxation contribute to this sentiment.

As the Fourth of July approaches, many people are gearing up for celebrations filled with barbecues, beach days, and, of course, shopping. This holiday is not only a time for festivities but also an excellent opportunity to snag great deals on various big-ticket items. Historically, July Fourth has been a prime time for purchasing everything from mattresses and patio furniture to outdoor gear and summer clothing. With Prime Day looming just days after the holiday (scheduled for July 8-11 this year), savvy shoppers can take advantage of overlapping sales to maximize their savings.

In today’s fast-paced business environment, staying informed is crucial for success. The Financial Times (FT) understands this need and offers an exceptional subscription service known as FT Edit. For just $49 a year, you can gain access to a wealth of carefully curated content that can enhance your understanding of global markets, economic trends, and industry developments.

With the current promotional offer, new subscribers can enjoy two months free, making the annual subscription an incredible value compared to the regular price of $59.88. This means that for less than the cost of a monthly coffee habit, you can receive insightful articles designed to keep you ahead in the competitive business landscape.

In a significant move affecting its operations, Kroger, one of the largest supermarket chains in the United States, has announced the closure of several stores nationwide, including a location in Texas. The Kroger store situated at 1707 W. University Dr. in McKinney, approximately 33 miles north of Dallas, is among the first to be officially confirmed for closure. This decision is part of a broader strategy to enhance operational efficiency and secure the long-term health of the business.

As the political climate in the United States continues to evolve, businesses must stay informed and adaptable to thrive. With the potential for significant changes under the current administration, understanding the implications of these developments is crucial for business leaders and entrepreneurs alike.

One of the most pressing issues on the table is the ongoing discussion surrounding tariffs and trade policies. The current president has threatened a trade war, which could lead to increased tariffs on various goods. This situation presents both challenges and opportunities for businesses operating in the U.S. and abroad. Companies need to keep a close eye on these developments, as tariffs can impact supply chains, pricing strategies, and ultimately, profitability.

As a 24-year-old, the thought of retirement often feels distant and abstract. With the hustle of establishing a career and navigating the complexities of adulthood, it’s easy to sideline considerations for the future. However, recent conversations with retirees have illuminated the importance of early planning and the multifaceted nature of retirement, prompting a deeper reflection on what lies ahead.

Over the past several months, I engaged with over 200 older Americans as part of Business Insider’s “Retirement Regrets” series, along with insights from an additional 4,500 retirees. Their stories, rich with both triumphs and regrets, provided a compelling narrative about the realities of aging and financial security. While many retirees envisioned a future filled with travel, family time, and personal fulfillment, others faced challenges that forced them to rethink their golden years.

As of April 6, 2025, the global economy is experiencing significant upheaval, largely driven by the controversial “reciprocal tariffs” introduced by former President Donald Trump. Aimed at reducing the United States’ dependency on foreign goods, these tariffs have led to chaos within the US-dominated global supply chain, leaving businesses and investors scrambling to navigate the fallout.

In just two days, Wall Street has witnessed an alarming decline, with approximately $5 trillion in market value evaporating—the steepest drop for the S&P 500 since the pandemic’s initial shock in 2020. This turmoil has particularly devastated the technology sector, which is heavily reliant on international trade and supply chains.

As of April 2, 2025, the U.S. financial landscape has been significantly altered following President Trump’s announcement of sweeping import tariffs aimed at various countries, including Canada, Mexico, and China. This “Liberation Day,” as dubbed by the president, has sent shockwaves through the stock market, resulting in the most considerable declines for the S&P 500 and Nasdaq Composite since 2020. Investors are now grappling with the implications of these tariffs on corporate earnings and the broader economy.

A landmark case set to be heard by the UK’s Supreme Court this week has the potential to reshape the car finance industry and provide substantial compensation to millions of motorists. This follows a ruling by the Court of Appeal last year, which deemed hidden commission payments from lenders to car dealers as unlawful. As the case unfolds, major banks and lenders have set aside significant sums in anticipation of claims from consumers who financed their vehicles.