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Five of the six major US airlines have increased their checked baggage fees starting in January 2024. I'll fly American Airlines. In 2023, it cost $30 to check a standard bag with an airline. As of March 2024, the fare at U.S. airports is $40, a whopping 33% increase. As a business school professor who studies travel, I'm often asked why airlines turn away customers with baggage fees instead of bundling all fees together. There are many reasons, but an important and often overlooked cause is hidden in the U.S. tax code. loophole in tax law Airlines pay 7.5% of…

The average North American home is filled with products made in other countries—maybe tapestries from India, shoes from Indonesia, or electronics from China. These products find their way to you through import-export businesses. They’re the matchmakers of global trade who connect manufacturers with buyers in foreign countries, and vice versa. Now imagine a furniture maker wanting to sell products in foreign markets. An import-export business can help them find international markets and buyers for their goods. Types of import-export businesses Import-export businesses facilitate international commerce across borders. The three main types of import-export businesses differ in terms of focus, payment…

Many people dream of starting their own business. Running an enterprise in your home, garage or on the go means you can take more control over your professional goals, set more ambitious financial targets and achieve a more desirable work-life balance.But what if you’re ready to start a business but don’t know what type of services to provide? You’ve come to the right place if you need profitable business ideas. Below, find a detailed breakdown of 63 small business ideas — from financial services to physical labor and creative contracting — to help you chart a path forward.Some of these…

Hertz Global Holdings Inc. is replacing its CEO following a disastrous bet on electric vehicles that has begun to unwind in recent months. Stephen Sher, who ran Hertz for just over two years after spending 30 years at Goldman Sachs Group Inc., has decided to step down, the rental car company announced in a statement late Friday. He will be replaced by Gil West, former chief operating officer of General Motors' cruise robotaxi division. West will join the board on April 1, according to a statement confirming an earlier report by Bloomberg. Mr. Shah, 59, joined Hertz a few months…

Paul Dietrich said the S&P 500 could collapse 49% if valuations normalize and a recession hits. B. Riley Wealth's chief strategist flagged market and economic indicators that were flashing red. Dietrich titled his latest commentary, “The stock market bubble is about to burst – watch out!” Thank you for registering! Access your favorite topics in a personalized feed on the go. Download the app Paul Dietrich said the S&P 500 could sink to its lowest level since the pandemic crash as overstretched stocks recede and a recession begins.B. Riley Wealth Management's chief investment strategist made the alarming call in a…

⏰ Estimated reading time: 7 minutesMost business credit card applications require a Social Security number or individual tax identification number. Corporate cards are an exception. If you only want to use your Employer Identification Number (EIN) when purchasing business cards, a business card may be the best option for you.However, depending on why you want to get an EIN-specific business card, this may not be your only option. Want to separate your work and personal money? All business credit cards can be useful if used properly. The same applies when establishing business credit for a new EIN. Also, if you're…

Using a grant to fund or expand your small businesses in Texas can be appealing. Unlike small-business loans, grants are free forms of funding that you don’t have to pay back. However, getting a Texas small-business grant requires an investment — time to research business grants you’re eligible for and complete applications.A number of Texas small-business grants are offered through state programs, but there are also business grants offered by Texas cities as well as a few national grants that are available to small businesses operating anywhere in the U.S.We’ll start with a brief questionnaire to better understand the unique…

The former Roanoke Times press building on Salem Avenue in downtown Roanoke has been cleared of media personnel, but no one is still living there.Restaurant owner Richard Matcher bought the building from former newspaper owner BH Media in 2022 for $2.2 million, but has yet to begin construction on the planned apartment community announced two years ago.”Interest rates seem to have put the project on hold,” said Masher, who foresees construction of 70 studio and one-, two- or three-bedroom apartments over five stories. The press was removed from the former Roanoke Times press building on Salem Avenue in Roanoke. Courtesy…

The challenge when planning your business for 2024 is not deciding whether to adopt the latest innovations such as AI, but recognizing the risks of ignoring them. The world and economy continue to evolve, and in 2024, customers expect more than just good products. According to recent research, 70% of consumers They want to buy from companies that align with their values, especially in health, sustainability, and digital innovation. This shows the importance of understanding what people want from the brands they support. Business plans that fail to address the specifics of a post-pandemic world are have difficulty convincing investors.…

On March 1, 2024, Elon Musk filed a lawsuit against OpenAI in San Francisco. Musk, one of OpenAI's founders, has since resigned from the organization, claiming that ChatGPT's developers violated its original agreement as a nonprofit venture aimed at developing AI for the benefit of humanity. . They argue that OpenAI's deep relationships with companies such as Microsoft allow it to avoid the humanitarian mission Elon Musk claims was originally invested in and instead blatantly pursue profits. To make matters worse, the failure to fire Sam Altman in November 2023 showed that OpenAI's cautious side was gone. Now, for an…