The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
Stocks were headed for weekly losses on Friday as investors worry the U.S.-China trade war is hurting economic growth.US Marketsread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
J.P. Morgan economists say they now see a much slower economy in the second quarter, with growth of just 1%.Market Insiderread more
The Pentagon will send additional American troops, drones and fighter jets to the Middle East amid increasing tensions between the United States and Iran.Politicsread more
A spokesman for Nadler told CNBC that the chairman is "okay," and that he "seems to have been dehydrated and it was very warm in the room."Politicsread more
The Moelis & Co. founder says the current market volatility from tense U.S.-China relations is impacting large-cap stocks.Investingread more
Paris. Nice. Brussels. Orlando. Istanbul. Venezuela. Brazil. Baton Rouge. Dallas.
The list of places around the world touched by terrorism, violence, rising crime rates and health alerts continues to grow, along with the impact on the travel and tourism industry. In 2015, the sector contributed an estimated $7.2 trillion to the world's economic output and supported more than 284 million jobs worldwide, according the World Travel & Tourism Council.
The 73.4 million Americans who traveled abroad in 2015 (up almost 8 percent from the year before) helped boost those numbers. This year, however, U.S. travelers are increasingly taking terror risks into account when making vacation plans.
In the last few weeks, the U.S. State Department has issued travel warnings for voyagers to Turkey and Europe. With geopolitical risks on the rise, some travel insurance companies report an uptick in calls from travelers checking on the details of already-purchased policies, and inquiring about pricing and broader options for future coverage.
And whether insured or not, almost a quarter of Americans now say they will cancel, delay, relocate, change or reconsider travel plans before taking a vacation, according to the annual Vacation Confidence Index released by Allianz Global Assistance. In Europe, tourism has suffered in the wake of attacks: France's tourist sector alone has lost an estimated 270 million euros ($299 million) since late 2015, according to recent data.