Latest news with #Truist
Skift
14 hours ago
- Business
- Skift
Record 72 Million Americans Set to Travel for Fourth of July
The prediction feels somewhat optimistic given recent trends. But travelers continue to benefit from lower gas prices and have mostly continued to spend despite economic uncertainty. Americans are shrugging off economic jitters for the Fourth of July holiday: AAA projects that 72.2 million people will travel at least 50 miles from home between June 28 and July 6. If the forecast is correct, travel for the holiday would eclipse previous records set in 2019, before the pandemic, and 2023, during the post-Covid travel surge. But the rosy prediction hinges on gas prices staying near four-year lows and Middle East tensions not spiraling into broader conflict. Drivers are currently paying about 40 cents less per gallon than last summer, AAA said, with gas prices at their lowest since 2021. That's providing crucial relief for the 61.6 million Americans expected to ddrive, representing 85% of all holiday travelers. Uncertainties Ahead The prediction feels somewhat optimistic given recent trends. One wild card is the Israel-Iran war, which risks increasing oil prices and is causing gasoline prices to spike. Recent hotel performance trends also suggest weakness. Overall, U.S. revenue per available room was down 1.8% for the week ending June 14, according to CoStar's STR. "The weekend results were not 'soft' to us but instead 'bad,' especially for limited-service chain scales, which averaged -3.3% year-over-year revenue per available room," said Truist analysts Patrick Scholes and Gregory Miller. Truist said the results reflected "the combination of volatility in consumer and business confidence, government segment cutbacks, and diminished inbound international travel. And to these headwinds, we now add student loan debt repayments—likely impacting limited-service hotels." Otherwise, a favorable calendar date might enable this year's holiday to break travel records. Because it falls on a Friday, more travelers may take the entire week off. AAA's Independence Day forecast includes two weekends instead of one to 'better reflect the flow of holiday travelers." Top Independence Day Destinations Here are the top five U.S. destinations for the Independence Day holiday period based on travel bookings made through AAA: Orlando, FL Seattle, WA New York, NY Anchorage, AK Fort Lauderdale, FL
Yahoo
18 hours ago
- Business
- Yahoo
Update: Truist Ups PT on Darden Restaurants to $252 From $230, Expects SSS, EPS Beat in Fiscal Q4; Maintains Buy Rating
(Updates with the analyst's commentary.) Truist Securities raised Darden Restaurants (DRI) price Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
3 days ago
- Business
- Business Insider
Astrana Health management to meet with Truist
Meeting to be held in New York on June 24 hosted by Truist. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
3 days ago
- Business
- Business Insider
Frontdoor management to meet with Truist
Meeting to be held in Denver on June 24 hosted by Truist. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Daily Mail
3 days ago
- Daily Mail
Banker with fear of dolls sues employer after boss left a Chucky toy on her chair
A former banker with a deep-seated fear of dolls has claimed she has suffered from Post Traumatic Stress Disorder ever since her boss left a Chucky toy on her chair. Debra Jones claims in her lawsuit filed in the US District Court for the Eastern District of North Carolina that her supervisors at Truist subjected her to workplace discrimination and created a hostile work environment - causing her emotional and financial harm. Jones had already been diagnosed with major depressive disorder, general anxiety disorder, autoimmune disorder and vitiligo when she was hired as a full-time relationship banker in April 2024 in Rocky Mount, according to court documents obtained by She claims she suffered discrimination and retaliation at the Charlotte-based bank due to those disabilities, and the Chucky incident caused her to be newly diagnosed with PTSD. Chucky is a fictional character in horror slasher films about a doll possessed by a serial killer. The first film, Child's Play, was released in 1988 and numerous sequels have followed. It all went down in June 2024, during her last week of training, when Jones claims her manager at the time, Matthew Korr, placed 'the doll that kills people' in her chair. She says Korr 'was aware of her fear of dolls and how her fear of dolls negatively affected her disabilities, as Plaintiff had shared this with Korr when he had invited Plaintiff to his home for a team cookout.' When he then saw how Jones reacted, Korr allegedly started to laugh. Immediately after the incident, Jones said she had to be treated by her medical provider - and was placed on eight weeks of medical leave to treat her disabilities. She finally returned to work in August 2024, and was assigned to a new manager, Jennifer Briley, who said she was aware of the Chucky incident and moved Jones to a different office. Yet, Jones said her treatment at the bank became worse as she continued to face mockery, and was subjected to unequal treatment related to her job and her workplace accommodations. 'Plaintiff contends that Plaintiff and her coworkers alike were subjected to making some mistakes, but Plaintiff was treated differently than her coworkers when she made mistakes,' the lawsuit asserts. It also claims Jones had an accommodation to leave work at 3pm three times a week to seek treatment 'for flare-ups that started as a result of the Chucky doll incident.' But Jones said Briley once told her she would have to work until 4pm. Then, after Jones said she discovered a fraudulent check, Briley joked that she was 'always fraudulent vigilant' as supervisors started questioning her need for medical leave and aggressively reprimanded her. By January 29, 2025, the lawsuit says, Tracy Wood - the regional area leader at Truist - told her her accommodation was negatively affecting her coworkers who also needed time off. 'Wood further stated to Plaintiff that Wood did not believe this job was the right fit for Plaintiff and that Plaintiff cannot keep using her anxiety and emotional problems as an excuse,' the federal suit claims. Jones said she suffered several panic attacks in the aftermath, and was ultimately forced out of her job. As a result, Jones says she 'suffered and will continue to suffer emotional pain and suffering, inconvenience, embarrassment [and] mental anguish.' She now argues that Truist bank is liable for the actions of its supervisors and employers - or is at least liable for its negligent supervision, and even though her managers are named in the suit, they are not listed as defendants. Jones is seeking a jury trial with compensatory damages for her emotional pain, backpay and reinstatement.
