
Inflation isn’t keeping Americans from having fun this Memorial Day weekend
CNN
Americans may be sick and tired of dealing with high prices across pretty much every aspect of their lives, but inflation hasn’t yet squashed the travel bug.
Americans may be sick and tired of dealing with high prices across pretty much every aspect of their lives, but inflation hasn’t yet squashed the travel bug. And this Memorial Day weekend could be a case in point: Travelers are expected to come out in record-setting droves. US airports on Thursday saw their second-ever busiest day, as nearly 2.9 million travelers were screened at Transportation Security Administration checkpoints. Friday was expected to be even busier, TSA said. Traffic on the ground won’t be any less packed: AAA is projecting that a record 38.4 million people will take road trips over the long weekend. Three-plus years of high inflation have taken their toll on Americans’ budgets and, especially, their mindsets. But even though people may be feeling pinched, some are still willing to spend — if not splurge — on travel and leisure.

An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.

Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.











