The U.S. hospitality industry hopes next month's World Cup can make up for last year's decline in foreign tourism, but travel restrictions and steep prices may keep visitors away.
The big picture: An estimated 1.2 million international fans are coming to the U.S. for the tournament, according to the New York Times, citing the research firm Tourism Economics.
Americans are still showing up for mom this Mother's Day — but with more budgeting, bargain hunting and strategic splurging as "momflation" pushes up the cost of flowers, brunch and gifts.
Why it matters: Mother's Day is becoming a snapshot of the modern U.S. consumer economy: Even as shoppers complain about inflation and rising prices, many are still willing to spend on special occasions — just more selectively.
Today's flex for many wealthy trendsetters is a self-driving Tesla. But when everyone has a robot driver, the real status symbol may be a human one.
Why it matters: The notion of luxury is evolving as automation spreads across the economy, putting a premium on high-end personalized services provided by real people.
