12 hours ago
With the Detroit Pistons offering tryouts to the public, we've taken a look at two former players who managed to pay their way to the league.
The Detroit Pistons' G League team, the Motor City Cruise, got people talking on social media after announcing their open tryouts.
Anyone looking to live out their basketball dreams just has to pay a non-refundable $250 fee. That gets you on the court in front of actual team scouts, plus a jersey and some game tickets.
Sure, the odds of actually making the roster are super slim, but basketball fans love the idea that a random $250 registration fee could literally be your foot in the door to the pros.
Both Jonathon Simmons and David Nwaba hit a wall where traditional scouting simply passed them by. Undrafted and running out of conventional options, paying a $150 fee for an open G League workout was essentially their last-ditch effort to keep their basketball dreams alive before quitting or moving on.
#Basketball #tryouts #dreams #motor
The Detroit Pistons' G League team, the Motor City Cruise, got people talking on social media after announcing their open tryouts.
Anyone looking to live out their basketball dreams just has to pay a non-refundable $250 fee. That gets you on the court in front of actual team scouts, plus a jersey and some game tickets.
Sure, the odds of actually making the roster are super slim, but basketball fans love the idea that a random $250 registration fee could literally be your foot in the door to the pros.
Both Jonathon Simmons and David Nwaba hit a wall where traditional scouting simply passed them by. Undrafted and running out of conventional options, paying a $150 fee for an open G League workout was essentially their last-ditch effort to keep their basketball dreams alive before quitting or moving on.
#Basketball #tryouts #dreams #motor
21 hours ago
Tariff upheaval has roiled trading relationships on a global scale, but an ongoing dialogue is taking place between brands and their suppliers. In fact, they may be in closer contact than ever before.
That's according to Nithin Mummaneni, CEO of Infinity Loop, a negotiation intelligence platform that aids enterprises in negotiating better terms with the manufacturers that make their products.
More from WWD
Has Lesotho's Tariff Relief Missed the Window?
Safilo Group Margins Boosted by Tariff Refunds in H1 Amid Challenging Market
#relief
That's according to Nithin Mummaneni, CEO of Infinity Loop, a negotiation intelligence platform that aids enterprises in negotiating better terms with the manufacturers that make their products.
More from WWD
Has Lesotho's Tariff Relief Missed the Window?
Safilo Group Margins Boosted by Tariff Refunds in H1 Amid Challenging Market
#relief
1 day ago
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter.
Looking for immediate cash, some retailers sold off the economic rights to their potential IEEPA tariff refunds over the past year.
A secondary market emerged looking to purchase future refund claims from businesses amid the legal debate over President Donald Trump's levies imposed under the International Emergency Economic Powers Act, BDO Managing Principal David Wong told Retail Dive.
At a discount on the full value, buyers offered companies cash in exchange for the rights to those potential refunds that could come to fruition if the Supreme Court ruled against those levies. The approach is referred to as tariff refund monetization.
"For the seller, a lot of the risk is purely the economics of that transaction because of the uncertainty on exactly when an importer will receive their tariff refund," Wong said. "That's been the biggest risk. … Do I want to take a discount on the amount that could be refunded to me and get upfront cash today, and how does that compare with the full amount plus interest on if I got that amount at a later date?"
#cash #refund #amount #looking
Looking for immediate cash, some retailers sold off the economic rights to their potential IEEPA tariff refunds over the past year.
A secondary market emerged looking to purchase future refund claims from businesses amid the legal debate over President Donald Trump's levies imposed under the International Emergency Economic Powers Act, BDO Managing Principal David Wong told Retail Dive.
At a discount on the full value, buyers offered companies cash in exchange for the rights to those potential refunds that could come to fruition if the Supreme Court ruled against those levies. The approach is referred to as tariff refund monetization.
"For the seller, a lot of the risk is purely the economics of that transaction because of the uncertainty on exactly when an importer will receive their tariff refund," Wong said. "That's been the biggest risk. … Do I want to take a discount on the amount that could be refunded to me and get upfront cash today, and how does that compare with the full amount plus interest on if I got that amount at a later date?"
#cash #refund #amount #looking
4 days ago
On the surface, Apple (NASDAQ: AAPL) delivered a strong third-quarter earnings report with revenue jumping 16% to $109.4 billion, edging out the consensus at $109 billion.
IPhone sales jumped 22% to $54.3 billion, and Mac was a bright spot as well, up 29%, and Apple reported double-digit revenue growth in all five of its regions.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Gross margin reached 50.1%, which included a benefit of two percentage points from tariff refunds. On the bottom line, the company reported earnings per share of $2.02, which included an $0.11 benefit from tariff refunds, compared to **** yst estimates of $1.89.
However, the stock still finished down 7.4%, cooling off what had been a breakout run in recent weeks, as the company issued disappointing guidance. Apple stock had soared as it got credit for avoiding spending hundreds of billions on AI infrastructure, unlike its big tech peers.
#flashing #down #revenue
IPhone sales jumped 22% to $54.3 billion, and Mac was a bright spot as well, up 29%, and Apple reported double-digit revenue growth in all five of its regions.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Gross margin reached 50.1%, which included a benefit of two percentage points from tariff refunds. On the bottom line, the company reported earnings per share of $2.02, which included an $0.11 benefit from tariff refunds, compared to **** yst estimates of $1.89.
However, the stock still finished down 7.4%, cooling off what had been a breakout run in recent weeks, as the company issued disappointing guidance. Apple stock had soared as it got credit for avoiding spending hundreds of billions on AI infrastructure, unlike its big tech peers.
#flashing #down #revenue
4 days ago
Apple's June quarter produced numbers that looked solid on the surface but left investors with a question: Was September quarter guidance conservative, or was the business actually slowing?
Bank of America published its answer on July 30. The firm says investors are misreading the results and that the underlying business is stronger than the headline numbers show.
Bank of America ***** yst Wamsi Mohan reiterated his Buy rating on Apple and held his $380 price target. Apple's stock closed July 30 at $333.43, making the target roughly 14% above where shares ended the day. Mohan also raised his EPS estimates for the next three fiscal years, Investing.com reported.
Apple reported Q3 2026 revenue of $109.4 billion, up 16% from a year earlier. EPS came in at $2.02. Bank of America flagged that about $0.11 of that figure came from a tariff refund. Once you back that out, earnings were roughly in line with ***** yst projections. Apple met expectations. It did not clear them by a wide margin.
More Apple:
#America #numbers
Bank of America published its answer on July 30. The firm says investors are misreading the results and that the underlying business is stronger than the headline numbers show.
Bank of America ***** yst Wamsi Mohan reiterated his Buy rating on Apple and held his $380 price target. Apple's stock closed July 30 at $333.43, making the target roughly 14% above where shares ended the day. Mohan also raised his EPS estimates for the next three fiscal years, Investing.com reported.
Apple reported Q3 2026 revenue of $109.4 billion, up 16% from a year earlier. EPS came in at $2.02. Bank of America flagged that about $0.11 of that figure came from a tariff refund. Once you back that out, earnings were roughly in line with ***** yst projections. Apple met expectations. It did not clear them by a wide margin.
More Apple:
#America #numbers
4 days ago
A finance employee at the global design firm Arup transferred $25.6 million in a deepfake fraud after joining a video call with synthetic versions of senior executives. The faces looked real. The voices sounded real. The instructions were false.
That was not an isolated warning. Starbucks quietly retired an AI inventory system only nine months after deployment after baristas reported that it miscounted products and slowed their work. Deloitte's Australian member firm agreed to partially refund the government for a $290,000 AI-assisted report that included nonexistent academic sources and a fabricated court quotation. Different industries. Different technologies. The same failure: people could not trust the output, the identity, or the system.
Trust is becoming a form of economic infrastructure. Companies that cannot engineer it will move slower, spend more, and lose markets. When trust is strong, capital moves, partnerships form, and companies scale. When it breaks, transactions slow, compliance and insurance costs rise, and leaders retreat from risk.
Trust is not blind faith. It is earned confidence that facts are real, identities are authentic, systems are secure, contracts will be honored, and someone will be accountable when things go wrong. In business terms, trust reduces friction. In strategic terms, it creates speed.
As America marks its 250th anniversary, we should remember that trust was not a side note to the founding. It was the bet. In my first three essays in this Freedom & Enterprise series, I described the Declaration of Independence as America's first founding bet, the system it created as one that let people build free, and the freedom to fail as one of our greatest competitive advantages. Beneath all three is a more fundamental principle: America trusted free people to govern themselves, take risks, honor commitments, and build institutions strong enough to survive disagreement.
#trust #different #America #freedom
That was not an isolated warning. Starbucks quietly retired an AI inventory system only nine months after deployment after baristas reported that it miscounted products and slowed their work. Deloitte's Australian member firm agreed to partially refund the government for a $290,000 AI-assisted report that included nonexistent academic sources and a fabricated court quotation. Different industries. Different technologies. The same failure: people could not trust the output, the identity, or the system.
Trust is becoming a form of economic infrastructure. Companies that cannot engineer it will move slower, spend more, and lose markets. When trust is strong, capital moves, partnerships form, and companies scale. When it breaks, transactions slow, compliance and insurance costs rise, and leaders retreat from risk.
Trust is not blind faith. It is earned confidence that facts are real, identities are authentic, systems are secure, contracts will be honored, and someone will be accountable when things go wrong. In business terms, trust reduces friction. In strategic terms, it creates speed.
As America marks its 250th anniversary, we should remember that trust was not a side note to the founding. It was the bet. In my first three essays in this Freedom & Enterprise series, I described the Declaration of Independence as America's first founding bet, the system it created as one that let people build free, and the freedom to fail as one of our greatest competitive advantages. Beneath all three is a more fundamental principle: America trusted free people to govern themselves, take risks, honor commitments, and build institutions strong enough to survive disagreement.
#trust #different #America #freedom
5 days ago
Amazon (AMZN) shares are ripping higher on July 31 after the e-commerce behemoth said it has received about $600 million in tariff refunds following a landmark Supreme Court ruling. CFO Brian Olsavsky confirmed on the Q2 earnings call that AMZN has recovered the funds from President Donald Trump's administration's unlawful import duties and plans to pass them back, partly, to affected customers.
Including today's gains, Amazon stock is up nearly 20% versus the start of this year.
Ahead of **** eX Earnings, Here's What Barchart Data Says Comes Next for SPCX Stock
China Just Gave Sandisk Stock Investors a New Reason to Worry
Top Memory Chipmaker Plunges as Sharp Pullback Extends. How to Play It Here.
#Stock #amzn #july #brian
Including today's gains, Amazon stock is up nearly 20% versus the start of this year.
Ahead of **** eX Earnings, Here's What Barchart Data Says Comes Next for SPCX Stock
China Just Gave Sandisk Stock Investors a New Reason to Worry
Top Memory Chipmaker Plunges as Sharp Pullback Extends. How to Play It Here.
#Stock #amzn #july #brian
6 days ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Second quarter RevPAR growth of 5.6% was driven entirely by average daily rate (ADR) as occupancy remained flat year-over-year.
Management attributed the modest 3.3% Total RevPAR growth to a shift in business mix, where transient demand filled gaps left by large FIFA World Cup room block releases, resulting in lower out-of-room spend.
The portfolio saw broad-based strength across markets, with Philadelphia and Salt Lake City leading growth, while the Grand Hyatt Scottsdale continues to track favorably toward stabilization.
Margin compression of 65 basis points was primarily caused by the lapping of a $1.5 million real estate tax refund from 2025 and startup costs for new food and beverage outlets at W Nashville.
#Growth #room #tell #fifa
Second quarter RevPAR growth of 5.6% was driven entirely by average daily rate (ADR) as occupancy remained flat year-over-year.
Management attributed the modest 3.3% Total RevPAR growth to a shift in business mix, where transient demand filled gaps left by large FIFA World Cup room block releases, resulting in lower out-of-room spend.
The portfolio saw broad-based strength across markets, with Philadelphia and Salt Lake City leading growth, while the Grand Hyatt Scottsdale continues to track favorably toward stabilization.
Margin compression of 65 basis points was primarily caused by the lapping of a $1.5 million real estate tax refund from 2025 and startup costs for new food and beverage outlets at W Nashville.
#Growth #room #tell #fifa
6 days ago
Ram, Jeep, and Fiat parent company Stellantis (STLA) reported solid first-half results on Thursday morning, but only reaffirmed its prior guidance. Investors clearly wanted more from CEO Antonio Filosa's turnaround plan.
For the half, Stellantis reported revenue of 81.61 billion euros ($93.20 billion) vs. 80.71 billion euros per Bloomberg consensus, up 10% compared to last year. Stellantis posted adjusted earnings per share of 0.32 euros ($0.37) vs 0.35 euros expected, and adjusted operating income of 1.733 billion euros ($1.98 billion), more than triple the 540 million euros ($614 million) posted a year ago.
Stellantis confirmed its prior 2026 guidance, projecting net revenues to rise in the mid-single digits in 2026, with low-single-digit adjusted operating income margin. The company aims to return to positive industrial free cash flow by 2027.
The company said its net tariff headwind for the year is estimated at 1.0 billion to 1.2 billion euros ($1.14 billion-$1.37 billion), but Stellantis received an IEEPA refund of 400 million euros ($456.3 million) in the first half of the year.
Stellantis shares fell over 4% in premarket trade.
#stellantis #year
For the half, Stellantis reported revenue of 81.61 billion euros ($93.20 billion) vs. 80.71 billion euros per Bloomberg consensus, up 10% compared to last year. Stellantis posted adjusted earnings per share of 0.32 euros ($0.37) vs 0.35 euros expected, and adjusted operating income of 1.733 billion euros ($1.98 billion), more than triple the 540 million euros ($614 million) posted a year ago.
Stellantis confirmed its prior 2026 guidance, projecting net revenues to rise in the mid-single digits in 2026, with low-single-digit adjusted operating income margin. The company aims to return to positive industrial free cash flow by 2027.
The company said its net tariff headwind for the year is estimated at 1.0 billion to 1.2 billion euros ($1.14 billion-$1.37 billion), but Stellantis received an IEEPA refund of 400 million euros ($456.3 million) in the first half of the year.
Stellantis shares fell over 4% in premarket trade.
#stellantis #year
7 days ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Philips had the kind of quarter that sounds great until you read past the headline. Sales up, margins up, cash flow guidance up. Then you notice the margin beat is wearing a costume: a U.S. tariff refund, not better medicine.
Philips posted second-quarter sales of €4.4 billion (about $5 billion), up 4% on a comparable basis. Adjusted EBITA margin jumped to 16.4%, but a €186 million US tariff refund did most of the actual lifting, worth 4.2 percentage points out of €609 million in operating income. Take that refund away and underlying margin actually slipped.
Orders told a rougher story: comparable intake fell 1%, dragged down by several big Connected Care contracts in North America that simply slid into next quarter. Europe, meanwhile, posted strong double-digit order growth, no asterisk required. All three divisions still grew, Diagnosis & Treatment up 2%, Connected Care up 2%, Personal Health up a genuinely solid 8%.
Management left full-year sales guidance untouched at 3-4.5%, but raised margin guidance to 13.5-14% and lifted free cash flow guidance to €1.5-1.7 billion, all while quietly excluding the still-unresolved Respironics legal mess, including active US investigations. Shares fell anyway. Investors did the math on the refund themselves.
#billion #connected
Philips had the kind of quarter that sounds great until you read past the headline. Sales up, margins up, cash flow guidance up. Then you notice the margin beat is wearing a costume: a U.S. tariff refund, not better medicine.
Philips posted second-quarter sales of €4.4 billion (about $5 billion), up 4% on a comparable basis. Adjusted EBITA margin jumped to 16.4%, but a €186 million US tariff refund did most of the actual lifting, worth 4.2 percentage points out of €609 million in operating income. Take that refund away and underlying margin actually slipped.
Orders told a rougher story: comparable intake fell 1%, dragged down by several big Connected Care contracts in North America that simply slid into next quarter. Europe, meanwhile, posted strong double-digit order growth, no asterisk required. All three divisions still grew, Diagnosis & Treatment up 2%, Connected Care up 2%, Personal Health up a genuinely solid 8%.
Management left full-year sales guidance untouched at 3-4.5%, but raised margin guidance to 13.5-14% and lifted free cash flow guidance to €1.5-1.7 billion, all while quietly excluding the still-unresolved Respironics legal mess, including active US investigations. Shares fell anyway. Investors did the math on the refund themselves.
#billion #connected
8 days ago
An unexpected operational reality poured cold water on Logitech's (LOGI) latest earnings.
Logitech delivered a genuinely impressive fiscal first quarter on Tuesday afternoon — revenue is up 7% to $1.23 billion while non-GAAP operating income jumped 44% higher to $290 million. Demand is holding strong across gaming peripherals and computer accessories in a macro environment where many other consumer tech companies are struggling to grow at all.
Even if you strip out the $61 million tariff refund that gave the quarter a one-time boost, operating profit still grew 14% year over year and easily cleared Wall Street's bar.
"Our team really is an operations powerhouse that manages to get enough of everything to deliver on the demand. And you saw that in the quarter." Logitech CEO Hanneke Faber said on Yahoo Finance's Opening Bid (video above).
"We're super pleased to see the Americas accelerating growth. Americas were up 11%, which is great. We saw our gaming business really accelerate to plus 9% constant currency growth and video conferencing. And also mice just continue to grow very, very strongly."
#logitech #operating #gaming
Logitech delivered a genuinely impressive fiscal first quarter on Tuesday afternoon — revenue is up 7% to $1.23 billion while non-GAAP operating income jumped 44% higher to $290 million. Demand is holding strong across gaming peripherals and computer accessories in a macro environment where many other consumer tech companies are struggling to grow at all.
Even if you strip out the $61 million tariff refund that gave the quarter a one-time boost, operating profit still grew 14% year over year and easily cleared Wall Street's bar.
"Our team really is an operations powerhouse that manages to get enough of everything to deliver on the demand. And you saw that in the quarter." Logitech CEO Hanneke Faber said on Yahoo Finance's Opening Bid (video above).
"We're super pleased to see the Americas accelerating growth. Americas were up 11%, which is great. We saw our gaming business really accelerate to plus 9% constant currency growth and video conferencing. And also mice just continue to grow very, very strongly."
#logitech #operating #gaming
14 days ago
By Anshuman Tripathy
July 22 (Reuters) - Electronic equipment maker TE Connectivity on Wednesday forecast fourth-quarter profit and revenue above Wall Street expectations, betting on a boom in demand for its AI-related tools and products.
Growing demand for AI-related tools and products has boosted investments in data centers and network equipment globally, benefiting companies like TE, which produces electrical connector systems used in data centers.
CEO Terrence Curtin told Reuters in an interview that the company would stick to its strategy of passing on higher raw material costs through price hikes to protect its margins, as the cost of oil-based products such as resins remains elevated amid renewed fighting between the U.S. and Iran.
When asked about refunds from President Donald Trump's tariffs, Curtin said the company had applied for them and had not "gotten big money back," adding that it would return the refunds to customers, rather than offering broad price cuts.
#company
July 22 (Reuters) - Electronic equipment maker TE Connectivity on Wednesday forecast fourth-quarter profit and revenue above Wall Street expectations, betting on a boom in demand for its AI-related tools and products.
Growing demand for AI-related tools and products has boosted investments in data centers and network equipment globally, benefiting companies like TE, which produces electrical connector systems used in data centers.
CEO Terrence Curtin told Reuters in an interview that the company would stick to its strategy of passing on higher raw material costs through price hikes to protect its margins, as the cost of oil-based products such as resins remains elevated amid renewed fighting between the U.S. and Iran.
When asked about refunds from President Donald Trump's tariffs, Curtin said the company had applied for them and had not "gotten big money back," adding that it would return the refunds to customers, rather than offering broad price cuts.
#company
20 days ago
American companies are finally getting relief from tariff refunds—only it's just in time for a new wave of inflationary economic factors.
The U.S. Customs and Border Protection issued $49.2 billion in refunds in June, according to the U.S. Treasury's monthly statement, bringing total tariff refunds to about $71 billion, or more than 60% of the $166 billion available following the Supreme Court striking down tariffs under the International Emergency Economic Powers Act (IEEPA) in February.
But as companies recoup costs ******* ociated with the import taxes they were forced to pay last year, they're finding that, in many cases, those funds are being eaten up thanks to the impact of other economic pressures.
"We do expect some more pressure on the business from a commodity standpoint," PepsiCo Chief Financial Officer Steve Schmitt said in the company's earnings call last week. "We will be using the tariff, essentially the refunds, to help offset some commodity inflation that we're seeing and allow us to continue to play offense in the business."
The company's CEO Ramon Laguarta said the Iran war and its impact on gas prices in particular have impacted consumer behavior, reducing discretionary spending and trips to convenience stores, which is correlated with purchases.
The U.S. Customs and Border Protection issued $49.2 billion in refunds in June, according to the U.S. Treasury's monthly statement, bringing total tariff refunds to about $71 billion, or more than 60% of the $166 billion available following the Supreme Court striking down tariffs under the International Emergency Economic Powers Act (IEEPA) in February.
But as companies recoup costs ******* ociated with the import taxes they were forced to pay last year, they're finding that, in many cases, those funds are being eaten up thanks to the impact of other economic pressures.
"We do expect some more pressure on the business from a commodity standpoint," PepsiCo Chief Financial Officer Steve Schmitt said in the company's earnings call last week. "We will be using the tariff, essentially the refunds, to help offset some commodity inflation that we're seeing and allow us to continue to play offense in the business."
The company's CEO Ramon Laguarta said the Iran war and its impact on gas prices in particular have impacted consumer behavior, reducing discretionary spending and trips to convenience stores, which is correlated with purchases.
24 days ago
Robert Griffin III, just like everyone else watching UFC 329 last weekend in Las Vegas, suffered through the disappointment of Conor McGregor's failed comeback, which ended in just 69 seconds after "Notorious" botched a series of jumping kicks and blew out his knee.
The retired NFL star, who now talks for FOX Sports after getting released by ESPN, wants the promotion to refund every fan who spent money to watch UFC 329. That would only be ticket holders since UFC no longer sells pay-per-view (PPV) events and sorry, but Dana White and Co. are not going to part with that $25 million windfall.
Griffin also wants McGregor to retire.
Griffin is not the only **** yst who expects McGregor to fade away.
"There was one other moment, and it was the bad one for me where I go, 'We can't do this work anymore.' It was actually a punch," retired UFC fighter, Chael Sonnen, told MMA Junkie. "Conor threw a punch and he went down. He fell forward like a drunk guy. All the way to his knee. He hadn't thrown punches at full speed in so long, he lost his own balance doing it. No part of me is teasing. That was the real moment. You cannot main event him. You cannot repackage and sell this story, nor would they be interested."
The retired NFL star, who now talks for FOX Sports after getting released by ESPN, wants the promotion to refund every fan who spent money to watch UFC 329. That would only be ticket holders since UFC no longer sells pay-per-view (PPV) events and sorry, but Dana White and Co. are not going to part with that $25 million windfall.
Griffin also wants McGregor to retire.
Griffin is not the only **** yst who expects McGregor to fade away.
"There was one other moment, and it was the bad one for me where I go, 'We can't do this work anymore.' It was actually a punch," retired UFC fighter, Chael Sonnen, told MMA Junkie. "Conor threw a punch and he went down. He fell forward like a drunk guy. All the way to his knee. He hadn't thrown punches at full speed in so long, he lost his own balance doing it. No part of me is teasing. That was the real moment. You cannot main event him. You cannot repackage and sell this story, nor would they be interested."
27 days ago
Despite concerns from debt hawks, the U.S. government is continuing to borrow at pace: For the fiscal year of 2026 so far, the federal deficit has totaled just under $1.4 trillion.
The first nine months of this fiscal year (beginning in October) have now surpassed the borrowing levels of 2025, when deficits totaled just over $1.3 trillion for the same period.
At the time of writing, the total U.S. national debt sits at $39.4 trillion, accumulated under administrations led by both Republicans and Democrats.
As such, the monthly borrowing for 2026 now sits at roughly $155 billion, or $39 billion per week. And, like any borrower, that debt carries an interest cost. The latest monthly budget review from the Congressional Budget Office (CBO) confirms that net interest on public debt for the fiscal year has hit $857 billion: roughly $23.8 billion a week.
This is approximately $100 billion more (13%) than the interest paid out in the first nine months of 2025, the CBO adds, owing to a higher total debt burden than last year and higher long-term interest rates.
In fact, interest payments on the debt are now $20 billion larger than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus Refundable Credits scheme—combined.
Also contributing to the demand on government purse springs is the increasing demand for social security, Medicare and Medicaid.
The first nine months of this fiscal year (beginning in October) have now surpassed the borrowing levels of 2025, when deficits totaled just over $1.3 trillion for the same period.
At the time of writing, the total U.S. national debt sits at $39.4 trillion, accumulated under administrations led by both Republicans and Democrats.
As such, the monthly borrowing for 2026 now sits at roughly $155 billion, or $39 billion per week. And, like any borrower, that debt carries an interest cost. The latest monthly budget review from the Congressional Budget Office (CBO) confirms that net interest on public debt for the fiscal year has hit $857 billion: roughly $23.8 billion a week.
This is approximately $100 billion more (13%) than the interest paid out in the first nine months of 2025, the CBO adds, owing to a higher total debt burden than last year and higher long-term interest rates.
In fact, interest payments on the debt are now $20 billion larger than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus Refundable Credits scheme—combined.
Also contributing to the demand on government purse springs is the increasing demand for social security, Medicare and Medicaid.
29 days ago
Good morning Gang Green Nation! Here are your links to your New York Jets this glorious Wednesday in July.
Eric Allen – Jets Fans Will Have Seven Opportunities to Watch the Team at Training Camp
Jack Bell – Stock Up: Jets Receiver Adonai Mitchell Is Turning Heads
Jack Bell – Jets Offensive Line Still Young and Growing
Jason Fitzgerald – Insurance Refunds and the Salary Cap
Eric Allen – Jets Fans Will Have Seven Opportunities to Watch the Team at Training Camp
Jack Bell – Stock Up: Jets Receiver Adonai Mitchell Is Turning Heads
Jack Bell – Jets Offensive Line Still Young and Growing
Jason Fitzgerald – Insurance Refunds and the Salary Cap
1 month ago
StubHub’s been getting blamed by throngs of World Cup fans who’ve found themselves without tickets on the day of the big game. Now one woman is claiming that she’s been wronged by the ticket reselling giant. She says they refused to refund her after her tickets to a World Cup game in Houston, Texas were never delivered.
She’s not the first.
The Big Lead has previously covered World Cup ticketholders who bought tickets that never showed up. One woman was purportedly refunded when she didn’t receive tickets purchased for thousands of dollars on StubHub.
Unfortunately, the same expedient reimbursement allegedly hasn’t occurred for Lo Renee.
Renee (lorensep) has taken her disappointment with her StubHub buying experience to the internet. Renee says her tickets never arrived. But she was ultimately able to see the team she was rooting for, Germany, by buying replacement tickets through FIFA.
She’s not the first.
The Big Lead has previously covered World Cup ticketholders who bought tickets that never showed up. One woman was purportedly refunded when she didn’t receive tickets purchased for thousands of dollars on StubHub.
Unfortunately, the same expedient reimbursement allegedly hasn’t occurred for Lo Renee.
Renee (lorensep) has taken her disappointment with her StubHub buying experience to the internet. Renee says her tickets never arrived. But she was ultimately able to see the team she was rooting for, Germany, by buying replacement tickets through FIFA.
1 month ago
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It's worth considering travel insurance if you have high nonrefundable booking costs or plan to travel internationally, where your health insurance won't cover you. However, travel insurance may not be necessary if trip costs are low or refundable, or if you don't need additional coverage apart from your existing health insurance or credit card travel protections.
Learn more: Travel insurance: What it covers, costs, and how to choose the right policy
The more expensive nonrefundable trip costs you have, the greater the risk you take if you have to cancel or interrupt your trip for unforeseen reasons. With full coverage travel insurance policies, you're typically covered for various trip cancellation reasons that are out of your control, such as you or a traveling companion becoming seriously ill or getting injured.
Your standard health insurance plan may not cover you if you travel abroad, so it may make sense to look into travel insurance policies with sufficient medical coverage. Also, a travel insurance policy with emergency evacuation and repatriation coverage could cover hundreds of thousands of dollars in expenses if you plan to travel to a remote destination or a destination with limited infrastructure.
It's worth considering travel insurance if you have high nonrefundable booking costs or plan to travel internationally, where your health insurance won't cover you. However, travel insurance may not be necessary if trip costs are low or refundable, or if you don't need additional coverage apart from your existing health insurance or credit card travel protections.
Learn more: Travel insurance: What it covers, costs, and how to choose the right policy
The more expensive nonrefundable trip costs you have, the greater the risk you take if you have to cancel or interrupt your trip for unforeseen reasons. With full coverage travel insurance policies, you're typically covered for various trip cancellation reasons that are out of your control, such as you or a traveling companion becoming seriously ill or getting injured.
Your standard health insurance plan may not cover you if you travel abroad, so it may make sense to look into travel insurance policies with sufficient medical coverage. Also, a travel insurance policy with emergency evacuation and repatriation coverage could cover hundreds of thousands of dollars in expenses if you plan to travel to a remote destination or a destination with limited infrastructure.
1 month ago
More than half a million Americans are currently waiting for the IRS to resolve their tax identity theft cases — and the agency is taking roughly 20 months to close them, according to a new report from the federal government's internal tax watchdog.
The findings come from a recent report published by the National Taxpayer Advocate. The report calls the delays "unconscionable" and warns that the backlog is growing, not shrinking — even as the problem of tax-related identity theft worsens nationwide (1).
"For many low- and middle-income taxpayers, waiting nearly two years for a refund is not merely an inconvenience — it can mean falling behind on rent, utilities, transportation costs, and other basic living expenses," National Taxpayer Advocate Erin Collins wrote in the report (1).
Tax-related identity theft occurs when a criminal uses a stolen Social Security number to file a fraudulent tax return and claim a refund before the real taxpayer has a chance to file their own return.
In 2025, the FBI's Internet Crime Complaint Center reported receiving more than 1,000 complaints about this type of crime in one year alone — a 26% jump from the prior year. Stolen refunds are typically redirected to bank accounts, prepaid debit cards or mail drops controlled by the criminals (2).
The findings come from a recent report published by the National Taxpayer Advocate. The report calls the delays "unconscionable" and warns that the backlog is growing, not shrinking — even as the problem of tax-related identity theft worsens nationwide (1).
"For many low- and middle-income taxpayers, waiting nearly two years for a refund is not merely an inconvenience — it can mean falling behind on rent, utilities, transportation costs, and other basic living expenses," National Taxpayer Advocate Erin Collins wrote in the report (1).
Tax-related identity theft occurs when a criminal uses a stolen Social Security number to file a fraudulent tax return and claim a refund before the real taxpayer has a chance to file their own return.
In 2025, the FBI's Internet Crime Complaint Center reported receiving more than 1,000 complaints about this type of crime in one year alone — a 26% jump from the prior year. Stolen refunds are typically redirected to bank accounts, prepaid debit cards or mail drops controlled by the criminals (2).
1 month ago
Livvy Dunne is speaking out after what she described as a frightening encounter with a group of men who allegedly tracked her travel plans and confronted her at an airport. The former LSU gymnast and social media star shared an emotional video detailing the experience, claiming individuals obtained her flight information, purchased refundable tickets to get through airport security, and waited for her at her arrival gate. The 23-year-old said the incident left her feeling unsafe and prompted her to publicly address the growing issue.
In a TikTok video captioned, "It just gets to a point," alongside a crying emoji, Dunne directly addressed those she says have repeatedly crossed personal boundaries.
"To the people still selling my flight information, stalking me at the airports, and buying refundable plane tickets to go through security to meet me at my gate. Can you please stop?" she said. "I don't want to get anyone in trouble, but I want to share what it's like from my perspective."
The video quickly gained traction online, with millions of viewers weighing in on the situation.
Alongside her message, Dunne included footage showing several men approaching her for autographs at the airport. According to the influencer, the interaction wasn't driven by genuine fandom.
In a TikTok video captioned, "It just gets to a point," alongside a crying emoji, Dunne directly addressed those she says have repeatedly crossed personal boundaries.
"To the people still selling my flight information, stalking me at the airports, and buying refundable plane tickets to go through security to meet me at my gate. Can you please stop?" she said. "I don't want to get anyone in trouble, but I want to share what it's like from my perspective."
The video quickly gained traction online, with millions of viewers weighing in on the situation.
Alongside her message, Dunne included footage showing several men approaching her for autographs at the airport. According to the influencer, the interaction wasn't driven by genuine fandom.
1 month ago
The data, collected by omnichannel returns management firm ReBound Returns, is drawn from one million returned orders processed on behalf of its retail clients between July 2025 and May 2026.
The findings highlight a growing challenge for retailers as return rates for online sales approach 20%, with the value in the US market alone nearing $850bn.
ReBound Returns has published these results in its new report, The Returns Fraud Playbook. The research indicates that as more consumers return online purchases, cases of fraud and abuse are rising.
According to the Merchant Risk Council, 'refund and returns policy abuse' is currently considered the most common type of fraud faced by merchants. This trend continues despite the widespread use of identity verification, authentication procedures, and risk-scoring systems designed to prevent fraud during the initial purchase.
The report identifies a key issue in that many retailers refund customers before physically inspecting returned goods.
The findings highlight a growing challenge for retailers as return rates for online sales approach 20%, with the value in the US market alone nearing $850bn.
ReBound Returns has published these results in its new report, The Returns Fraud Playbook. The research indicates that as more consumers return online purchases, cases of fraud and abuse are rising.
According to the Merchant Risk Council, 'refund and returns policy abuse' is currently considered the most common type of fraud faced by merchants. This trend continues despite the widespread use of identity verification, authentication procedures, and risk-scoring systems designed to prevent fraud during the initial purchase.
The report identifies a key issue in that many retailers refund customers before physically inspecting returned goods.
1 month ago
A reefer unit burns its own diesel. Anyone who runs refrigerated freight knows this, because they are paying for two fuel burns on every load: the diesel that moves the truck down the road, and the separate diesel that runs the refrigeration unit on the trailer keeping the freight cold. Both come out of the same pocket. Only one of them is actually pushing the truck down the highway.
Prime Inc., the Springfield, Missouri carrier that runs roughly 9,000 trucks and is one of the largest refrigerated carriers in the country, has decided that the distinction is worth more than $11 million, and it is now making that case in federal court against the Internal Revenue Service.
In a complaint filed June 16, 2026, in the U.S. District Court for the Western District of Missouri, Prime petitioned the IRS for a refund of $11,016,644 in federal fuel excise tax that it paid between 2018 and 2021. The basis for the claim is specific and, on its face, straightforward. Prime argues that the diesel used exclusively to power the refrigeration units on its trailers, fuel that never propelled a vehicle, constitutes an off-highway, nontaxable business use, and that taxing it as standard highway fuel was improper.
The logic rests on what the federal fuel excise tax is actually for. That tax, currently 24.3 cents per gallon on undyed diesel, exists to fund "highway infrastructure". It is, in effect, a user fee for the roads. Fuel that runs a refrigeration unit on a trailer does not use the highway in that sense. It is burned to spin a compressor and keep a box cold, whether the truck is rolling down the interstate or parked at a dock overnight. Prime's position is that fuel doing that work was never highway fuel and should never have carried the highway tax. This is where technically, the point is very valid.
This is not Prime's first attempt to recover the money. According to the complaint, Prime previously filed for refunds covering the periods ending March 31, 2018 through December 31, 2020, and the IRS denied all of those claims. Prime then filed an additional claim on September 12, 2025 covering 2021, and as of the complaint, it had received neither a refund nor a denial notice for that year. Having exhausted the administrative route without success, Prime has moved the fight to federal court. In addition to the $11 million, it is seeking litigation costs, attorney fees, and prejudgment and post-judgment interest.
Prime Inc., the Springfield, Missouri carrier that runs roughly 9,000 trucks and is one of the largest refrigerated carriers in the country, has decided that the distinction is worth more than $11 million, and it is now making that case in federal court against the Internal Revenue Service.
In a complaint filed June 16, 2026, in the U.S. District Court for the Western District of Missouri, Prime petitioned the IRS for a refund of $11,016,644 in federal fuel excise tax that it paid between 2018 and 2021. The basis for the claim is specific and, on its face, straightforward. Prime argues that the diesel used exclusively to power the refrigeration units on its trailers, fuel that never propelled a vehicle, constitutes an off-highway, nontaxable business use, and that taxing it as standard highway fuel was improper.
The logic rests on what the federal fuel excise tax is actually for. That tax, currently 24.3 cents per gallon on undyed diesel, exists to fund "highway infrastructure". It is, in effect, a user fee for the roads. Fuel that runs a refrigeration unit on a trailer does not use the highway in that sense. It is burned to spin a compressor and keep a box cold, whether the truck is rolling down the interstate or parked at a dock overnight. Prime's position is that fuel doing that work was never highway fuel and should never have carried the highway tax. This is where technically, the point is very valid.
This is not Prime's first attempt to recover the money. According to the complaint, Prime previously filed for refunds covering the periods ending March 31, 2018 through December 31, 2020, and the IRS denied all of those claims. Prime then filed an additional claim on September 12, 2025 covering 2021, and as of the complaint, it had received neither a refund nor a denial notice for that year. Having exhausted the administrative route without success, Prime has moved the fight to federal court. In addition to the $11 million, it is seeking litigation costs, attorney fees, and prejudgment and post-judgment interest.
1 month ago
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An ever-increasing number of student loan borrowers struggle to keep up with their payments; roughly 9 million federal loan borrowers were in default as of March 2026.
Under the current rules, borrowers in default can rehabilitate their loans — returning their debt into good standing — just once. But thanks to the One Big Beautiful Bill Act (OBBBA), borrowers will be able to take advantage of federal student loan rehabilitation up to two times starting on July 1, 2027.
Defaulting on federal loans can have steep consequences, including damaged credit, garnished wages, and even the loss of your tax refund. Student loan rehabilitation is a program that allows borrowers who have defaulted on their federal loans to recover and bring their loans current.
To get out of default, there are two core options: loan rehabilitation and loan consolidation. With loan rehabilitation, you agree to make nine voluntary, reasonable, and affordable monthly payments within 20 days of the due date.
An ever-increasing number of student loan borrowers struggle to keep up with their payments; roughly 9 million federal loan borrowers were in default as of March 2026.
Under the current rules, borrowers in default can rehabilitate their loans — returning their debt into good standing — just once. But thanks to the One Big Beautiful Bill Act (OBBBA), borrowers will be able to take advantage of federal student loan rehabilitation up to two times starting on July 1, 2027.
Defaulting on federal loans can have steep consequences, including damaged credit, garnished wages, and even the loss of your tax refund. Student loan rehabilitation is a program that allows borrowers who have defaulted on their federal loans to recover and bring their loans current.
To get out of default, there are two core options: loan rehabilitation and loan consolidation. With loan rehabilitation, you agree to make nine voluntary, reasonable, and affordable monthly payments within 20 days of the due date.
1 month ago
WASHINGTON, June 25 (Reuters) - The U.S. economy grew faster than previously estimated in the first quarter, but consumer spending almost stalled.
Gross domestic product increased at an upwardly revised 2.1% annualized rate last quarter, the Commerce Department's Bureau of Economic **** ysis said in its third estimate of first-quarter GDP on Thursday. Growth was previously reported to have advanced at a 1.6% pace. Economists polled by Reuters had expected that GDP growth would be unrevised at a 1.6% rate.
The economy grew at a 0.5% pace in the October-December quarter. The 0.5 percentage point upgrade to growth last quarter reflected a downward revision to imports, mostly consumer and capital goods. The boost to growth from lower imports was partially offset by a sharp downgrade to consumer spending, which accounts for more than two-thirds of the economy.
Growth in consumer spending was slashed to a 0.5% rate from the previously reported 1.4% pace, reflecting downward revisions to outlays on services, including financial services and insurance as well as international travel. Part of the downward revisions to financial services was related to a stock market selloff last quarter.
Spending appears to have picked up early in the second quarter, thanks to large tax refunds, which have partially mitigated a surge in gasoline prices stemming from the U.S.-led war with Iran. The average tax refund for the week ending May 8 was $3,276 compared to $2,939 during the week ending May 9, 2025, the last available data from the IRS showed.
Gross domestic product increased at an upwardly revised 2.1% annualized rate last quarter, the Commerce Department's Bureau of Economic **** ysis said in its third estimate of first-quarter GDP on Thursday. Growth was previously reported to have advanced at a 1.6% pace. Economists polled by Reuters had expected that GDP growth would be unrevised at a 1.6% rate.
The economy grew at a 0.5% pace in the October-December quarter. The 0.5 percentage point upgrade to growth last quarter reflected a downward revision to imports, mostly consumer and capital goods. The boost to growth from lower imports was partially offset by a sharp downgrade to consumer spending, which accounts for more than two-thirds of the economy.
Growth in consumer spending was slashed to a 0.5% rate from the previously reported 1.4% pace, reflecting downward revisions to outlays on services, including financial services and insurance as well as international travel. Part of the downward revisions to financial services was related to a stock market selloff last quarter.
Spending appears to have picked up early in the second quarter, thanks to large tax refunds, which have partially mitigated a surge in gasoline prices stemming from the U.S.-led war with Iran. The average tax refund for the week ending May 8 was $3,276 compared to $2,939 during the week ending May 9, 2025, the last available data from the IRS showed.
1 month ago
Last Updated: June. 24, 2026 at 11:30pm ET
2026년 6월 24일 오전 11:15 New York 시간
By
Richard Rubin
Tax refunds flowed smoothly for most Americans, but there were some notable speed **** ps during this year’s filing season, according to a new report.
2026년 6월 24일 오전 11:15 New York 시간
By
Richard Rubin
Tax refunds flowed smoothly for most Americans, but there were some notable speed **** ps during this year’s filing season, according to a new report.
1 month ago
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Tax season was over months ago, but tens of millions of Americans could still be eligible for another tax refund this year.
That's because of a recent federal court ruling that opens a path for refunds or abatements of penalties and interest related to tax filing during the COVID-19 period.
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's how to fix it ASAP
JP Morgan sees gold hitting $6,000/oz before 2027 — and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold
Tax season was over months ago, but tens of millions of Americans could still be eligible for another tax refund this year.
That's because of a recent federal court ruling that opens a path for refunds or abatements of penalties and interest related to tax filing during the COVID-19 period.
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's how to fix it ASAP
JP Morgan sees gold hitting $6,000/oz before 2027 — and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold
1 month ago
WASHINGTON, June 25 (Reuters) - The U.S. economy grew faster than previously estimated in the first quarter, but consumer spending almost stalled.
Gross domestic product increased at an upwardly revised 2.1% annualized rate last quarter, the Commerce Department's Bureau of Economic **** ysis said in its third estimate of first-quarter GDP on Thursday. Growth was previously reported to have advanced at a 1.6% pace. Economists polled by Reuters had expected that GDP growth would be unrevised at a 1.6% rate.
The economy grew at a 0.5% pace in the October-December quarter. The 0.5 percentage point upgrade to growth last quarter reflected a downward revision to imports, mostly consumer and capital goods. The boost to growth from lower imports was partially offset by a sharp downgrade to consumer spending, which accounts for more than two-thirds of the economy.
Growth in consumer spending was slashed to a 0.5% rate from the previously reported 1.4% pace, reflecting downward revisions to outlays on services, including financial services and insurance as well as international travel. Part of the downward revisions to financial services was related to a stock market selloff last quarter.
Spending appears to have picked up early in the second quarter, thanks to large tax refunds, which have partially mitigated a surge in gasoline prices stemming from the U.S.-led war with Iran. The average tax refund for the week ending May 8 was $3,276 compared to $2,939 during the week ending May 9, 2025, the last available data from the IRS showed.
Gross domestic product increased at an upwardly revised 2.1% annualized rate last quarter, the Commerce Department's Bureau of Economic **** ysis said in its third estimate of first-quarter GDP on Thursday. Growth was previously reported to have advanced at a 1.6% pace. Economists polled by Reuters had expected that GDP growth would be unrevised at a 1.6% rate.
The economy grew at a 0.5% pace in the October-December quarter. The 0.5 percentage point upgrade to growth last quarter reflected a downward revision to imports, mostly consumer and capital goods. The boost to growth from lower imports was partially offset by a sharp downgrade to consumer spending, which accounts for more than two-thirds of the economy.
Growth in consumer spending was slashed to a 0.5% rate from the previously reported 1.4% pace, reflecting downward revisions to outlays on services, including financial services and insurance as well as international travel. Part of the downward revisions to financial services was related to a stock market selloff last quarter.
Spending appears to have picked up early in the second quarter, thanks to large tax refunds, which have partially mitigated a surge in gasoline prices stemming from the U.S.-led war with Iran. The average tax refund for the week ending May 8 was $3,276 compared to $2,939 during the week ending May 9, 2025, the last available data from the IRS showed.
2 months ago
Consumers are turning to credit cards, their tax refunds and scrounging for coins under the couch cushions, but they still hit the stores and spent online last month even as high prices at the gas pump took their toll.
IRL spending at apparel and accessories specialty stores rose 5.7 percent from a year earlier in May, increasing to $26.8 billion, according to the Census Bureau's monthly retail sales report, released Wednesday. The much smaller department store sector saw in-store sales increase 1.9 percent to $3.3 billion.
More from WWD
Falling Gas Prices Could Help Inflation-pressured Consumers
Mixed Q2 Earnings Likely While Headwinds Could Impact Q3
IRL spending at apparel and accessories specialty stores rose 5.7 percent from a year earlier in May, increasing to $26.8 billion, according to the Census Bureau's monthly retail sales report, released Wednesday. The much smaller department store sector saw in-store sales increase 1.9 percent to $3.3 billion.
More from WWD
Falling Gas Prices Could Help Inflation-pressured Consumers
Mixed Q2 Earnings Likely While Headwinds Could Impact Q3
2 months ago
Is BKNG a good stock to buy? We came across a bullish thesis on Booking Holdings Inc. on Nikhs’s Substack. In this article, we will summarize the bulls’ thesis on BKNG. Booking Holdings Inc.'s share was trading at $165.84 as of June 5th. BKNG’s trailing and forward P/E were 21.87 and 15.82 respectively according to Yahoo Finance.
Rawpixel.com/Shutterstock.com
Booking Holdings Inc., together with its subsidiaries, provides online and traditional travel and restaurant reservations and related services in the United States and internationally. BKNG’s 1Q26 earnings reinforced a structural bull case centered on its shift from travel intermediary to execution-layer infrastructure beneath global travel. The company is increasingly positioning itself across payments, settlement, refunds, service, fraud management, and trip orchestration, arguing that while AI may reshape discovery, the monetizable value remains in execution.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
Rawpixel.com/Shutterstock.com
Booking Holdings Inc., together with its subsidiaries, provides online and traditional travel and restaurant reservations and related services in the United States and internationally. BKNG’s 1Q26 earnings reinforced a structural bull case centered on its shift from travel intermediary to execution-layer infrastructure beneath global travel. The company is increasingly positioning itself across payments, settlement, refunds, service, fraud management, and trip orchestration, arguing that while AI may reshape discovery, the monetizable value remains in execution.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Travel insurance can save your budget when a covered emergency ruins a trip. But standard trip cancellation benefits come with a catch: Your reason has to be on the policy’s approved list.
Cancel for any reason travel insurance (CFAR) gives you more wiggle room than a standard plan does. CFAR won’t refund everything, and it isn’t cheap — but if you’re planning an expensive trip, it could be the difference between losing your entire prepaid costs and recouping a portion of your money.
Here’s everything you need to know.
Cancel for any reason travel insurance is an optional upgrade that gives you more flexibility to cancel your trip.
Travel insurance can save your budget when a covered emergency ruins a trip. But standard trip cancellation benefits come with a catch: Your reason has to be on the policy’s approved list.
Cancel for any reason travel insurance (CFAR) gives you more wiggle room than a standard plan does. CFAR won’t refund everything, and it isn’t cheap — but if you’re planning an expensive trip, it could be the difference between losing your entire prepaid costs and recouping a portion of your money.
Here’s everything you need to know.
Cancel for any reason travel insurance is an optional upgrade that gives you more flexibility to cancel your trip.
