Top 5 trending summer travel destinations in the U.S. 2023—Florida didn’t make the list
Money may be tight, however (*5*), in keeping with a latest American Express Travel survey. 78% of respondents see leisure travel as an essential funds precedence.
In April, American Express Travel launched its rating of the prime summer destinations in the U.S. for 2023.
The report ranked the cities based mostly on a web-based ballot carried out between February 3-11, 2023, amongst 3,000 vacationers with a family earnings of at the very least $70,000 and who sometimes travel by air at the very least every year.
“Nothing evokes curiosity greater than planning a visit, and the destinations our Card Members are visiting this summer actually match the wanderlust invoice,” Audrey Hendley, President of Amex Travel, tells CNBC Make It.
“The prime summer destinations supply one thing for each kind of traveler.”
Pop tradition is an enormous driver for vacationers reserving journeys, in keeping with American Express Travel. 64% of respondents say they’ve been impressed to travel to a vacation spot after seeing it featured on a TV present, information supply, or film.
Word-of-mouth suggestions stay sturdy throughout all age teams, however Gen Z and millennials, particularly, are additionally closely influenced by social media.
46% of Gen-Z and Millennial respondents say they’ve been impressed to travel to a vacation spot due to Instagram and 29% of all respondents say they’ve been impressed to travel to destinations in 2023 due to TikTok.
61% of youthful vacationers say they’ve chosen a vacation spot as a result of it seems nice in pictures and movies.
New York City is the no. 1 trending summer vacation spot in the U.S. for 2023, in keeping with American Express Travel.
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Top 5 trending summer travel destinations in the U.S. 2023
- New York City, N.Y.
- Las Vegas, Nev.
- Los Angeles, Calif.
- Seattle, Wash.
- San Francisco, Calif.
New York City is the prime trending U.S. vacation spot this summer.
It’s the largest metropolis in the nation and a central place for industries like finance, tech, leisure, and media.
Some of the metropolis’s major points of interest embody the Empire State Building, Yankee Stadium, Central Park, the Metropolitan Museum of Art, and the iconic Statue of Liberty.
Las Vegas ranked as the no. 2 trending vacation spot in the U.S. this summer.
RebeccaAng | Getty Images
Las Vegas, Nevada, the second metropolis on the list, is a serious resort metropolis and residential to its world-famous strip of casinos, designer procuring, effective eating, nightlife and leisure.
Also generally known as the Entertainment Capital of the World, Sin City is considered one of the most visited vacationer points of interest in the world, in keeping with World Atlas.
Popular points of interest embody the Fountains of Bellagio and the Neon Museum which is situated off the strip.
Experiences round the Las Vegas space embody helicopter excursions of the Grand Canyon and a go to to the Hoover Dam which sits on the border of Nevada and Arizona.
Los Angeles, the second-largest metropolis in the U.S., ranked in second place on American Express Travel’s report.
Envato Elements
Los Angeles, California rounded out the prime three. The second-largest metropolis in the United States is dwelling to main points of interest like the Griffith Observatory, Universal Studios Hollywood, and Disneyland.
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Goldman Sachs is cutting jobs again amid Wall Street deals slump
David Solomon, CEO, Goldman Sachs, speaks through the Milken Institute Global Conference in Beverly Hills, California, April 29, 2019.
Kyle Grillot | Bloomberg | Getty Images
Goldman Sachs is getting ready for its third spherical of layoffs since September as Wall Street corporations alter to a slump in deals exercise.
The firm is anticipated to trim fewer than 250 jobs within the coming weeks, an individual with data of the New York-based financial institution’s plans stated Tuesday.
Goldman Sachs, led by CEO David Solomon, was among the many first main Wall Street corporations to trim jobs in September, cutting a few hundred positions. It then slashed extra jobs in January, releasing about 3,200 employees. Morgan Stanley introduced about 3,000 job cuts this month, and JPMorgan Chase reduce about 500 jobs, CNBC reported final week.
But Goldman is extra tied to the ups and downs of Wall Street than its rivals. Its mixed 16% drop in first-quarter buying and selling and advisory income contributed to a disappointing begin to the 12 months.
Managing administrators and a few companions shall be affected by the Goldman cuts, based on the individual, who declined to be recognized talking about layoffs. The Wall Street Journal reported the information earlier Tuesday.
Goldman had 45,400 workers as of March 31, a 6% decline from the fourth quarter of 2022.
Clarification: This story was up to date to mirror that JPMorgan Chase had reduce about 500 jobs final week.
Proposed debt ceiling deal would cut part of $80 billion IRS funding
Visitors on the U.S. Capitol in Washington, D.C., on May 24, 2023.
Jonathan Ernst | Reuters
A tentative deal to lift the debt ceiling limit contains as much as $21.4 billion of IRS finances cuts, slashing part of the nearly $80 billion in agency funding enacted final August to spice up taxpayer service, know-how and enforcement.
The bipartisan bill, launched by House Speaker Kevin McCarthy and President Joe Biden on Sunday, rescinds practically $1.4 billion of the cash allotted to the IRS. If unchanged, a separate deal would additionally repurpose $20 billion of IRS funding for fiscal years 2024 and 2025, in response to the White House.
Since the unique $80 billion in IRS funding was for a 10-year interval, White House officers on Sunday mentioned they do not anticipate the finances cuts to basically change the agency’s near-term plans. But the IRS could must request extra funding throughout the latter years of the unique timeline, they mentioned.
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Debt ceiling deal would push student loan borrowers into repayment by fall
If finalized, the IRS finances cuts would imply the extra company funding runs out sooner, in response to Alex Muresianu, a coverage analyst on the Tax Foundation.
“But the IRS nonetheless has a really massive funding enhance relative to the baseline,” he mentioned. “So it is not like we’re turning again the clock.”
The $80 billion IRS funding has been a hot-button political subject since its enactment, and repealing the cash was a theme all through the 2022 midterm elections within the fall.
The IRS nonetheless has a really massive funding enhance relative to the baseline, so it is not like we’re turning again the clock.
Alex Muresianu
Policy analyst on the Tax Foundation
House Republicans in January voted to slash IRS funding, following a pledge from Speaker Kevin McCarthy to rescind the cash accredited by Congress. But the measure halted with out help from the Democratic-controlled Senate or the White House.
The IRS launched its plan for the $80 billion funding in April, aiming to bolster taxpayer service, enhance outdated know-how and scale back the finances deficit by closing the tax gap with a deal with rich households and companies.
White House officers on Sunday reiterated Biden’s dedication to cracking down on tax evasion amongst high earners.

Meanwhile, the debt ceiling bill faced pushback Tuesday from Republican members of the House Rules Committee. The invoice should cross the GOP-controlled House and Democrat-majority Senate earlier than June 5, which is the soonest the U.S. might run out of cash, in response to revised estimates from the U.S. Department of the Treasury.
The House is tentatively scheduled to vote on the invoice on Wednesday night time.
Nvidia’s ascent continues, while Citi says buy J&J. Here’s our take on the news
Jen-Hsun Huang, president and chief govt officer of Nvidia Corp., speaks throughout the firm’s occasion at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019.
Patrick T. Fallon | Bloomberg | Getty Images
Nvidia (NVDA) inventory on Tuesday stored up its spectacular climb following final week’s blowout earnings report. Meanwhile, analysts struck a bullish observe on Johnson & Johnson (JNJ) and its just lately separated consumer-health unit, Kenvue (KVUE).
Debt limit bill would speed completion of controversial West Virginia gas pipeline
Lengths of pipe wait to be laid within the floor alongside the under-construction Mountain Valley Pipeline close to Elliston, Virginia, September 29, 2019.
Charles Mostoller | Reuters
A bipartisan debt limit bill struck by President Joe Biden and House Republicans over the weekend would expedite approval of all permits for a West Virginia pure gas pipeline and curtail environmental evaluations below one of the nation’s landmark environmental legal guidelines.
The Mountain Valley Pipeline, which has been promoted by Sen. Joe Manchin, D-W.Va., would transport pure gas 303 miles from West Virginia to the Southeast, and half of it would cross via the Jefferson National Forest. The development of the $6.6 billion pipeline is sort of carried out, although plans have been delayed for a number of years amid authorized setbacks.
Climate and civil rights activists and a few state Democrats have strongly opposed the pipeline. Scientists have repeatedly warned that the nation should halt approvals for brand new fossil gasoline tasks and quicken the clear power transition to keep away from the worst results of local weather change.
While the Biden administration has imposed an aggressive local weather agenda, the president has additionally taken steps to spice up fossil gasoline manufacturing and work with Manchin and Republicans, who’ve argued the president’s local weather agenda is endangering U.S. power safety.
Critics of the Mountain Valley Pipeline say it is going to run via predominantly rural, low-income Indigenous communities and can undermine the nation’s efforts to curb fossil gasoline emissions and air pollution that disproportionally harms environmental justice communities.
“The soiled debt ceiling deal is actually an assault on our local weather and dealing households. It is a local weather bomb … and well being menace to each group in its pathway,” Jean Su, power justice program director on the Center for Biological Diversity, mentioned throughout a name on Tuesday. “It’s extremely very important that Congress vote on a clear debt ceiling deal.”
Proponents say the pipeline is important to bolstering U.S. home power safety, and that the plan was already close to completion and set to maneuver ahead.
U.S. President Joe Biden speaks on his take care of House Speaker Kevin McCarthy (R-CA) to lift the United States’ debt ceiling on the White House in Washington, May 28, 2023.
Julia Nikhinson | Reuters
The debt limit bill expedites the pipeline’s federal permits and limits judicial assessment. Still, the venture may nonetheless be held up or blocked by lawsuits.
U.S. power firm Equitrans Midstream Corporation earlier this month said it anticipated to complete the pipeline by the top of the 12 months, however added “there stays important danger and uncertainty, together with relating to present and sure litigation.”
“President Biden protected his historic local weather laws, stopped House Republicans from clawing again report funding for environmental justice tasks and secured a deal to get a whole lot of clear power tasks on-line sooner all whereas defending the complete scope of environmental evaluations,” Abdullah Hasan, a White House spokesman, mentioned.
“We imagine this can be a bipartisan compromise that Congressional Democrats could be proud of and that can speed up our clear power targets and local weather agenda,” Hasan mentioned.
The deal would additionally streamline the National Environmental Policy Act (NEPA), a landmark environmental regulation, to limit its necessities on some tasks.
The settlement would designate “a single lead company” to develop environmental evaluations with the intention to speed the method, and shorten the time the federal authorities takes to investigate a proposed plan’s environmental influence.
Environmental teams argued the NEPA provision would additional curtail the general public’s potential to supply enter on fossil gasoline tasks that would hurt overburdened communities. A letter from 175 groups on Tuesday urged Senate Majority Leader Chuck Schumer, House Minority Leader Hakeem Jeffries and members of Congress to vote on a clear debt ceiling bill.
Kathleen Sgamma, president of the Western Energy Alliance, which represents oil and gas corporations, mentioned in an announcement that the reform to NEPA evaluation is “extraordinarily essential for getting the nation again on the trail of power dominance.”
“This is a robust first step to getting American power infrastructure extra expeditiously permitted, thereby lowering prices to taxpayers, and easing excessive power costs for shoppers,” Sgamma mentioned of the debt ceiling settlement.
Congress is about to vote on the laws as early as Wednesday. Both Republican and Democratic assist is required for the bill to move. The deal should move the Senate earlier than the June 5 deadline set by the Treasury Department.
Arnold Schwarzenegger: ‘No one gives a s— about’ climate change — this is what it should be called instead
Austrian-US actor, filmmaker, politician and activist Arnold Schwarzenegger gives a speech in the course of the opening ceremony of the R20 Regions of Climate Action Austrian World Summit in Vienna, Austria, on May 28, 2019.
Georg Hochmuth | Afp | Getty Images
Arnold Schwarzenegger says the worldwide effort to mitigate the consequences of climate change is being crippled by its elementary communication drawback.
“As lengthy as they maintain speaking about world climate change, they don’t seem to be gonna go wherever. ‘Cause no one gives a s— about that,” Schwarzenegger instructed CBS “Sunday Morning” correspondent Tracy Smith in a piece that aired on Sunday.
“So my factor is, let’s go and rephrase this and talk in a different way about it and actually inform folks — we’re speaking about air pollution. Pollution creates climate change, and air pollution kills,” Schwarzenegger stated.
The 75-year-old bodybuilder, actor, and former governor of California has turn into a public voice about climate change by way of his function because the host of the Austrian World Summit, a world climate change convention.
“I’m on a mission to go and scale back greenhouse gases worldwide,” Schwarzenegger instructed CBS, “as a result of I’m into having a wholesome physique and a wholesome Earth. That’s what I’m preventing for. And that is my campaign.”
Anthropogenic world warming is attributable to a rise within the ambiance of greenhouse gasses, including carbon dioxide, which is released when fossil fuels like coal and oil are burned.
As lengthy as they maintain speaking about world climate change, they don’t seem to be gonna go wherever. ‘Cause no one gives a s—about that.
Arnold Schwarzenegger
Bodybuilder, actor, former governor of California
The momentum towards preventing climate change has grown in recent times. The world funding in producing clear power — that is, power that does not generate greenhouse gasses — is surpassing the worldwide funding in fossil fuels, in response to the International Energy Agency. In 2023, $1.7 trillion is projected to enter clear applied sciences, together with renewables, electrical autos, nuclear energy, grids, storage, low-emissions fuels, effectivity enhancements and warmth pumps. That’s greater than the roughly $1 trillion anticipated to enter coal, gasoline and oil, the IEA stated in a report released on Thursday.
Even nonetheless, the worldwide emissions generated from power globally are nonetheless rising, though solely by 1% in 2022, which was lower than feared, the IEA said in March.
With world ranges of carbon emissions at document ranges, there is a 50% probability that world warming will exceed the 1.5 levels Celsius goal above pre-industrial ranges established by the Paris Climate Accord in 9 years, according to the annual update published in November from the science team at the Global Carbon Project, a global scientific collaboration that measures carbon emissions globally.
Efforts to deal with climate change have elevated considerably however are nonetheless inadequate.
In the United States, 54% of American adults view climate change as a main menace to the nation’s well-being, in response to survey data from Pew Research Center. That nationwide common contains a substantial break up alongside occasion strains. Almost eight in ten Democrats, 78%, say climate change as a main menace to the nation’s well-being, and that is up from 58% a decade in the past. Meanwhile, solely about one in 4, 23%, of Republicans say climate change a main menace to the nation’s well-being, and that is practically unchanged from the 22% of Republicans who reported climate change was a main menace again in 2013, in response to Pew Research Center data.
Schwarzenegger beforehand wrote an op-ed in USA Today the place he called for a rebranding of communications surrounding climate change.
“We want a new environmentalism primarily based on constructing and rising and customary sense. Old environmentalism was afraid of progress. It hated constructing. Many of this fashion − protesting each new improvement, chaining your self to development tools, and utilizing lawsuits and allowing to gradual every thing down,” Schwarzenegger wrote within the USA Today op-ed that revealed on May 16.
“Today I name for a new environmentalism, primarily based on constructing the clear power initiatives we’d like as quick as we are able to. We must construct, construct, construct,” Schwarzenegger.
Debt ceiling deal would push student loan borrowers into repayment by fall
Anadolu Agency | Anadolu Agency | Getty Images
Deal ends the cost pause, doubtless for good
The pause on federal student loan funds is among the few remaining Covid-related reduction measures nonetheless in impact. It was first introduced by then President Donald Trump in March 2020, and has since been prolonged eight occasions.
The coverage has suspended the accrual of curiosity on federal student debt and allowed borrowers to forgo making their funds with out dealing with any penalties. Tens of hundreds of thousands of Americans are benefiting from it. Since the beginning of the general public well being disaster, those that have benefited from the pause have saved round $5,000 in curiosity on common, based on calculations by greater training knowledgeable Mark Kantrowitz.
In the present model of the debt ceiling settlement, the pause would be terminated 60 days after the tip of June. The U.S. Department of Education would even be restricted in its capacity to increase this explicit reduction once more, with one other prolongment doubtless solely attainable from Congress.
The White House was aiming to restart student loan funds inside months anyway, Kantrowitz mentioned, and so “the laws doesn’t symbolize a change in that regard.”
Indeed, the Biden administration had been bracing borrowers to be prepared for the payments to renew 60 days after the authorized troubles over its student loan forgiveness plan have been resolved, or by the tip of August, on the newest.
However, the truth that solely Congress could possibly prolong the present pause frightened advocates, on condition that the president’s sweeping student loan forgiveness plan is at the moment on maintain whereas the Supreme Court decides its fate.
The deal codifies an assurance for Republicans that Biden will head into 2024 as Americans’ debt collector in chief.
Astra Taylor
co-founder of the Debt Collective
“This deal takes away the White House’s capacity to increase the present cost pause if the Supreme Court kills the reduction, making it extra doubtless 40 million folks must repay loans that the president promised have been canceled,” Taylor mentioned.
The Biden administration has warned that resuming student loan funds with out with the ability to perform its debt forgiveness plan might set off a historic spike in defaults and delinquencies.
Student loan forgiveness, different reduction, not in settlement
The settlement to avert financial default does not embody a reduce to Biden’s plan to cancel as much as $20,000 in student debt for tens of hundreds of thousands of Americans. House Republicans wanted to halt the program.
The Supreme Court is likely to strike down the policy, on condition that the conservative justices outnumber the liberals. A choice by the best courtroom is anticipated in June or July.
The Biden administration’s “pending regulatory adjustments” to student loan repayment would additionally not be impacted by the deal, mentioned Kantrowitz.
Most notably, the administration would have the ability to proceed its work to implement a brand new repayment plan, below which qualifying borrowers would pay just 5% of their discretionary income towards their student debt every month.
Damar Hamlin on how he made the decision to play football in the NFL again
Damar Hamlin’s on-field cardiac arrest at a “Monday Night Football” sport in January was a second of nationwide trauma that occurred on dwell tv. His restoration from the near-death expertise and his poise as a person finally impressed the nation. Still, his decision to play in the National Football League again after the private medical trauma he skilled left many questioning how he was ready to discover the braveness to return.
In a latest interview at the CNBC CEO Council Summit, Hamlin — who participated in recent practices with the Bills after having been fully cleared to return to play in April— made clear that his decision to return to the NFL was by no means actually in doubt primarily based on the method he has at all times taken in life, and primarily based on what football has at all times meant to him.
“Football’s at all times been my peace. It’s at all times been my escape from the world. And that was type of like the place I overcome my fears the most in my life,” stated Hamlin at the CNBC CEO occasion.
Hamlin famous that he additionally reviewed statistics in making the decision.
Hamlin skilled commotio cordis, a uncommon cardiac situation that happens when there’s blunt impression to the chest at the similar second as the coronary heart is getting ready to contract. If the bodily blow hits throughout a slim window in the coronary heart rhythm — a time period as transient as 20 to 40 milliseconds — it could possibly disrupt the heartbeat and trigger sudden cardiac arrest. There are fewer than 10 circumstances of commotio cordis per yr, in accordance to the American Heart Association, and most circumstances happen in younger male athletes, typically in youth sports activities akin to baseball.
During the week of his return to Bills’ practices, players took CPR training. Hamlin has turn into a distinguished spokesman for coronary heart well being by means of a partnership with the American Heart Association, and a serious backer of efforts to provide more life-saving critical medical equipment and training in faculties. With immediate CPR and defibrillation, the survival and restoration charges after a commotio cordis episode are better than 50%, in accordance to the AHA. Hamlin not too long ago spoke on Capitol Hill about the problem.
Buffalo Bills security Damar Hamlin is seen exterior the U.S. Capitol earlier than a information convention on the Access to AEDs Act, which goals enhance entry to defibrillators in faculties, on Wednesday, March 29, 2023.
Tom Williams | CQ-Roll Call, Inc. | Getty Images
Doctors are assured that Hamlin is in adequate well being to play football again, and it is extremely uncommon for somebody to undergo from commotio cordis twice, or for survivors to be extra seemingly to expertise different heart-related points, in accordance to the American Heart Association. Commotio cordis will not be linked to underlying cardiac points or coronary heart illness.
Research conducted by Massachusetts General Hospital, in addition to quite a few different research performed round the world, have discovered that one in 4 cardiac arrest survivors can develop main post-traumatic stress, which frequently leads them to keep away from conditions that may remind survivors of the well being disaster.
Hamlin advised CNBC he is concentrated on the future. “You know, strive to have a look at it as adversity and never a lot getting caught up in what occurred. Trying to be targeted on the progress from what occurred, you already know, not kinda making an attempt to personal the state of affairs, simply making an attempt to develop from it,” Hamlin stated.
Watch the full video clip above from Hamlin’s interview with NBC Sports’ Maria Taylor at the CNBC CEO Council Summit to hear the football participant in his personal phrases on what returning to the NFL means to him.
Stocks making the biggest moves noon: Nvidia, Tesla, Coinbase and more
HANGZHOU, CHINA – NOVEMBER 3, 2022 – Visitors go to the Nvidia stand at the 2022 Apsara Conference in Hangzhou, Zhejiang province, China, Nov 3, 2022. May 25, 2025 – Nvidia’s first-quarter earnings beat expectations by a big margin, the firm’s second-quarter income outlook of $11 billion additionally beat market expectations, and Nvidia’s forecast of a giant improve in chip provide in the second half of the yr, attracting heavy shopping for, the inventory jumped 23% in premarket buying and selling on May 25. (Photo credit score ought to learn Nvidia Stock Soar/Future Publishing by way of Getty Images)
Nvidia Stock Soar | Future Publishing | Getty Images
Check out the firms making headlines in noon buying and selling.
Nvidia — Shares of the chipmaker and AI beneficiary popped practically 6%, constructing on its current good points on the heels of a blowout quarter. The moves pushed Nvidia’s market worth above $1 trillion. Other chipmakers with synthetic intelligence ties additionally gained, with Broadcom final up more than 5%.
Tesla — Shares gained 6% following a Reuters report {that a} personal jet utilized by CEO Elon Musk arrived in China, his first go to in three years. Musk is anticipated to meet with senior Chinese officials and go to Tesla’s Shanghai plant, Reuters mentioned.
Ford – Shares of the legacy automaker gained 4.7% after Jefferies upgraded the F-150 pickup truck maker to a purchase from a maintain, citing improved confidence in Ford’s plan and administration after an investor occasion.
Coinbase – Shares of the crypto providers enterprise rose more than 5% following an upgrade by Atlantic Equities, which referred to as the firm the “greatest expression of crypto.” The analyst stored his worth goal on the inventory, nonetheless implying it might rally 23% from Friday’s shut.
Paramount Global — The CBS TV father or mother rose more than 2%, extending a achieve of practically 6% from Friday. Wolfe Research upgraded the media inventory to see carry out from underperform Tuesday following information final week that Paramount’s majority shareholder National Amusements introduced a $125 million most well-liked fairness funding from BDT Capital Partners. Wolfe mentioned the odds of Paramount promoting off belongings are rising whereas the inventory is depressed and positioning is brief.
ChargePoint — Shares rose practically 11%. Bank of America upgraded the electric vehicle charging station inventory to purchase, calling it a best-in-class play in the EV panorama.
Devon Energy, Diamondback, Chevron, ExxonMobil – Energy shares have been beneath stress Tuesday as prices for oil and pure fuel slid. Shares of Devon Energy dropped 3.5%, whereas Diamondback Energy fell more than 2%. Oil giants Chevron and Exxon have been every down by about 1.5%.
C3.ai — Shares of C3.ai soared 18% on Tuesday as AI-focused firms received a elevate. Other firms linked to AI gained, with UiPath final up practically 6%. C3.ai studies outcomes Wednesday.
Iovance Biotherapeutics – Shares of Iovance Biotherapeutics popped more than 11% after the Food and Drug Administration accepted its license software for a complicated pores and skin most cancers therapy.
— CNBC’s Tanaya Macheel, Yun Li, Michelle Fox, Alexander Harring and Jesse Pound contributed reporting