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Americans spend an entire week’s worth of pay on rent every month—and in some cities, a full two weeks of income is just going to housing

It’s hard to imagine today, but about 17 years ago, rent for Americans was less than $1,000 per month. In 2008, the median rent was just $824 per month; today it’s more than $1,300—and many major metropolitan areas like New York City and Los Angeles dwarf that figure. Between 2022 and 2025 alone, rents jumped … Read more

Inside the world of ‘timepiece tourists,’ who spend tens of thousands of dollars on luxury watch-themed vacations

The seven switchbacks up to the top of Bürgenstock mountain are emotional for Dr. Pablo Richard. “My grandfather fell in love with this place,” he said, steering his new black Range Rover Sport along the curves. “I was little when he told me, ‘This is one of the most amazing spots in Switzerland, or in … Read more

Google’s $85 billion capital spend spurred by cloud, AI demand

Sundar Pichai, CEO of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024. Justin Sullivan | Getty Images Google is going to spend $10 billion more this year than it previously expected due to the growing demand for cloud services, which has created a backlog, executives said Wednesday. … Read more

Americans spend $40 billion on their pets’ health care. Chewy has a plan to get more of their money

Americans’ love for their pets is big business. In 2024, U.S. households spent nearly $40 billion on veterinary care and pet pharmaceuticals alone, making it the second-largest category of pet spending after food and treats. The broader pet market is projected to reach $173 billion by 2027, with veterinary care expected to accelerate as millions of pets … Read more

Trump administration to spend $1 billion on ‘offensive’ hacking operations

The Trump administration, through the Department of Defense, plans to spend $1 billion over the next four years on what it calls “offensive cyber operations.”  The provision in Trump’s landmark One Big Beautiful Bill does not say what those “offensive cyber operations” are, nor what specific tools or software would qualify. The budget does note … Read more

More retailers are opening coffee shops to appeal to customers who may not want to spend the big bucks—but still want a cup of joe

Café Dior in Chengdu. Carhartt Coffee in London. Santander Work Café in Brooklyn. Around the world, brands ranging from luxury fashion houses to workwear to banks are opening up coffee shops. The phenomenon of retailers hosting coffee shops isn’t exactly new, as anyone who’s ever been to a Starbucks inside of a Target can tell … Read more

How many hours Americans spend on work, sleep, and chores

The 2024 American Time Use Survey (ATUS) from the U.S. Bureau of Labor Statistics reveals how Americans spent their time across work, household, leisure, and childcare activities. While remote work continued to be popular, the survey of around 7,700 people found that more men returned to the office. The number of men working remotely decreased … Read more

Why CEOs must spend more time with frontline employees

Anne Chow, former CEO of AT&T Business, is lead director on FranklinCovey’s board of directors, a director of 3M and CSX, and author of Lead Bigger: The Transformative Power of Inclusion. In my years leading at AT&T, I witnessed a curious phenomenon. When a crisis hit our communications networks, our teams, regardless of function and … Read more

US energy groups spend record sums on power plants to feed data centres

US energy companies are pouring record sums into building power plants and transmission lines to meet electricity demand from data centres, raising concerns that the costs may be passed on to consumers. According to Jefferies investment bank, utility capital expenditure is expected to hit $212.1bn in 2025, a 22.3 per cent rise year on year … Read more

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