Transcript:
Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
The latest inflation figures prompted Wall Street to scale back expectations of an aggressive September interest rate cut by the Federal Reserve. July consumer prices saw their lowest year-over-year gain since March 2021.
Investors face a big test on Thursday with retail sales, jobless claims, and Walmart’s quarterly results on the calendar.
Watch More Videos:
- Most valuable American brands
- Nike almost said 'no' to one of its most iconic designs
- 'Shark Tank's' richest sharks & most successful products after 15 years on air
Turning to other business headlines: If you’ve ever dreamed of traveling through Europe, how about a travel subscription? For $550 a year, you can get the “All You Can Fly” pass from Wizz Air.
Wizz is a Hungarian-based, ultra-budget airline, flying 780 routes in 53 countries across Africa, Asia, and Europe’s major cities.
According to the carrier’s website, you can fly as many one-way or round-trip flights as you want within its global network. All it requires is a three-day advance booking. The only additional cost is an $11 booking fee, depending on the exchange rate, and a luggage fee for any bags beyond a personal item. This fee applies to each bag whether it’s a carry-on or checked in.
As for the fine print, Wizz says subscription seats are subject to availability and “By signing up for All You Can Fly, you cannot terminate your membership before the 12-month membership commitment period is over. The membership cannot be transferred to another passenger. The All You Can Fly is designed for individual travelers, so you cannot book All You Can Fly tickets for others.”
By the way, that $550 price is just for the first year. It automatically renews on your credit card at $650 every year after that.
Airlines are looking for ways to drum up business as customers cut back on spending. Here in the U.S., Frontier’s unlimited Go Wild! pass has an annual fee of $599.
That’ll do it for your Daily Briefing. From the New York Stock Exchange, I'm Conway Gittens with TheStreet.
