You’ve heard about soft landings and recession as potential paths for the economy lately. Some outlets are talking about a third path: “No landing.” No landing is a scenario where global economic growth is resilient and inflation remains higher. At Stifel, we still see a reasonable chance for a soft landing, with the consumer being a deciding factor.
Spring break is right around the corner, and the cost of travel is up. Travel app Hopper reports March and April round-trip airfares have increased 20% compared to last year, and 5% over pre-pandemic levels. Airlines claim that pilot shortages and delays in airplane deliveries limit capacity and are driving up prices.
Ben, a 300-pound Andean bear at the St. Louis Zoo, acquired a taste for freedom when it escaped its enclosure in early February. The bear liked freedom so much, that it broke out again last week by tearing through the stainless steel reinforcements added to his enclosure. Zoo officials are working on alternative ways to secure the adventuresome bear.
Everyone’s favorite purple dinosaur is coming back. Mattel is relaunching the Barney franchise with a series of television, film, and YouTube videos alongside a line of toys, books, clothing, and accessories.
Subscription services seem to be everywhere these days – the average American has almost seven subscriptions – and restaurants increasingly want to get in the game, too. For many, the subscription model is a way to ensure customer visits and increase steady revenue. For example, when Panera launched its monthly coffee subscription, restaurant traffic increased and led to greater food sales.
Britain’s four-day workweek trial appears to be a resounding success for both employers and employees. Workers reported less burnout, lower stress, and greater job satisfaction, while their 61 companies – representing industries across the board – saw no drop in revenue, better employee retention, and fewer sick days taken. 92% of those companies report that they’ll continue with the four-day week.