Marriott abruptly cut ties with Sonder, leaving thousands of hotel guests stranded: It’s ‘inconceivable’ they would treat humans that way, guest says
Jennifer Miller
Minjun and Kevin Ngo were in the middle of a two-week stay at a Sonder rental in New York City when they were notified by Marriott they’d need to evacuate the property immediately. Recommended VideoThe couple was in between apartment leases, so this Sonder rental was the only place they had to stay. “Now that they’ve canceled the reservation, we have to go look for another hotel, and hotels are way more expensive right now,” Minjun said in a TikTok video posted Monday.@minjunandkevin We got kicked out of our hotel reservation at Sonders in New York City that we booked through Marriott 😭 @@Marriott Bonvoy@@Sonder @Minjun and Kevin | Travel ##marriott##sonders##hotel##nyc♬ original sound – Minjun and Kevin | TravelThey were among thousands of customers who had been hung out to dry due to Marriott’s abrupt split from short-term rental company Sonder, which acts somewhat like AirBnb, but properties are more apartment or hotel style. On Tuesday, Sonder customers were notified by Marriott that their partnership had ended, and they had less than 24 hours to vacate the properties in which they were staying. “I think it’s just inconceivable that a corporate entity could treat human beings that way,” Bonnie Strahs, a Sonder guest in Philadelphia told local news station ABC6 on Monday.Georgia Fowkes, a travel advisor with Altezza Travel, toldFortunethere’s really no precedent in which guests were told to vacate. “There’s been plenty of brand exits before, but I can’t recall a precedent where guests were literally told mid-stay to pack up their belongings and leave immediately,” she said. “Sorry, that’s not justifiable at all, it’s a complete breakdown of hospitality at its core.”Sonder and Marriott’s partnershipSonder and Marriott had launched a partnership in 2024, planning to add thousands of Sonder’s apartment-style units to Marriott’s global portfolio. But financial turbulence at Sonder undermined the agreement, leading to Marriot’s abrupt abandonment of the partnership because of Sonder’s default.Both companies had also expressed difficulties with tech integration, which caused substantial delays in integrating Sonder’s systems with Marriott’s booking and reservation platforms. This also led to unanticipated costs for Sonder, resulting in significant revenue declines. Sonder’s Q2 2025 financial results, released in October, showed a $101 million net loss for the first half of the year—a staggering 469% decrease year-over-year—as well as a stockholders’ deficit of more than $715 million.“We are devastated to reach a point where a liquidation is the only viable path forward,” Janice Sears, interim CEO of Sonder, said in a statement published Monday.Sonder didn’t respond toFortune’s request for comment.What Marriott is doingMarriott said in a statement published Monday its “immediate priority” was helping guests staying at Sonder properties and those with upcoming reservations. The company said it would contact guests who booked directly though Marriott, but said guests who booked through a third party would have to contact those organizations. However, guests expressed frustrations with both Sonder and Marriott during the debacle. In one video, Kevin Ngo said he had contacted Marriott to ensure the message he had received about the evacuation was even real, considering how abrupt and strange it felt. Another TikTok user, @allthingsluchi, said she also thought the message she received about her canceled booking was “spam” because of how absurd it seemed.@allthingsluchi This isn’t a joke. Very disappointed in how this was handled. @Sonder @Marriott Bonvoy @Marriott Hotels #adulting#hotel#traveltiktok#roadtrip#allthingsluchi♬ original sound – Luchi | Traveling Introvert“Imagine my surprise—the Lord’s Day, Sunday—I get an email, which I registered as spam, because it made no sense,” she said. “Whatever’s happening in the divorce, leave the kids out of it.”When Kevin was on the phone with Marriott, he said Marriott suggested he just book a new property on the site. But he said this seemed unfair, considering hotel prices are much higher now than they were when he and his wife had originally booked. “This is really disappointing because we’ve stayed with Marriott a lot,” Minjun said. “This is probably the worst level of customer service I’ve ever received. How is this even a thing?”Marriott didn’t respond toFortune’s request for comment on how the company intends to help impacted customers. “As a travel professional—if any of my clients had been affected by this I would belivid—and the folks who have been kicked out of their hotel room without warning are indeed livid,” Robert S. Kraus, founder of Small Conferences, toldFortune. “Marriott has only themselves to blame.”And while Sonder customers who were already in the middle of bookings were left stranded, there are also many customers with upcoming bookings who are scrambling to find alternative accommodations—especially with the busy holiday travel season looming.“I need help,” TikTok user Jaycee Brammer said in a video posted Tuesday. Her reservation in New York City over Christmas time had been cancelled by Sonder. She had asked Marriott “at bare minimum” if they could book her at a different hotel at the same rate. They told her no, that they couldn’t do anything, and that their cheapest hotel was $150 more expensive per night than her previous reservation. She got crickets when she tried contacting Sonder, although she was empathetic toward Sonder’s employees who had been sacked due to the default.As if the abrupt cancellations for thousands of customers wasn’t bad enough, Sonder’s employees were also let go due to the partnership termination.“We learned about [the termination] the same day and we had to kick out all of the guests,” another TikTok user and Sonder employee said in a video this week. “Although we knew something was going on, we just didn’t know it would happen like this,” former Sonder employee Eboni Rivera said in a TikTok video.Travel advisor Fowkes also toldFortunethat “surely, Sonder’s financial troubles weren’t a secret for the industry.” “So when Marriott says the breakup came ‘unexpectedly,’ well, nobody will buy it,” she said. “The real question is why Marriott entered that partnership in the first place? If they were not ready to protect their own guests when—not if, but when—things go bad.”
NY court revives Suffolk County Water Authority carpal tunnel claim
Jane Brown
Doctors' addendums push the scales as board's read draws fireLegal InsightsBy Matthew SellersNov 24, 2025ShareA New York appellate panel has reinstated a former Suffolk County Water Authority worker’s carpal tunnel claim, finding the Workers’ Compensation Board overlooked key medical updates that supported a workplace cause. The court reversed the denial and sent the case back for a fresh review. Frank McGann spent 32 years with the Authority, retiring in May 2021 as a senior meter reader. After he left, he reported intermittent tingling and pain in both hands and wrists that had worsened over the prior two years and was diagnosed with bilateral carpal tunnel syndrome. His treating physician, Dr. Harold Avella, said the condition was tied to his job. The employer’s orthopedic consultant, Dr. Steven Goodman, initially disagreed but changed his view after reviewing additional records, including EMG results, and re=examining McGann. Are you an insurance innovator? Tell us — we want to hear your storyThe self-insured employer contested the claim. At a hearing, McGann and a manager described day-to-day duties over roughly a six-and-a-half-hour workday: entering data on a keyboard, driving to customer locations for collections, and repeated use of tools to open and close meters and shoot water valves with keys – tasks that require gripping, twisting, and squeezing. The employer also raised Workers’ Compensation Law section 114‑a issues, arguing McGann hadn’t initially told the doctors that he started playing pickleball after retirement. At the employer’s request, the Workers’ Compensation Law Judge directed both physicians to revisit their opinions in light of the testimony about job duties and pickleball. Each submitted an addendum and reaffirmed that McGann’s carpal tunnel syndrome was caused by his work. The Law Judge established the claim as an occupational disease. On administrative appeal, the Workers’ Compensation Board reversed in a May 17, 2024 decision, finding the medical evidence not credibly tied to work. The Board cited gaps in the onset history, uncertainty about how often McGann performed the tasks in question, and the initial lack of disclosure about pickleball. The Appellate Division, Third Department, said the Board went too far. While the Board can weigh evidence and question credibility, it cannot reject uncontroverted medical opinions on causation and replace them with its own view – especially after both doctors updated their reports to include the job‑duty details and the pickleball activity. The court noted that McGann consistently reported intermittent symptoms that worsened over two years before retirement, and that his earlier workers’ compensation claim for bilateral shoulder and elbow injuries did not indicate any link to his later carpal tunnel diagnosis. The court reversed, with costs, and remitted the matter to the Board for further proceedings consistent with its decision. For insurers and self‑insured employers, the takeaway is straightforward: when potential credibility issues surface – like post‑retirement recreational activities – make sure your medical experts explicitly address them. Detailed, on‑the‑record descriptions of the actual tasks performed, particularly repetitive or forceful hand use, can carry significant weight in carpal tunnel cases. Related StoriesCalifornia court blocks WCAB from overruling medical experts in compensation disputesKentucky Supreme Court orders Encova to pay in workers' comp dispute
What it really means for tourism in 2026
Jane Miller
When US Secretary of Homeland Security Kristi Noem confirmed that the Trump administration plans to expand its travel ban to “more than 30” countries, most headlines described it as a national security story.ContentsWhat we know so far about the new banImmediate impact on travelers and bookingsAirlines and tourist hotspots in the US are at riskLong-term damage to “Brand USA”Practical guidance for travelers and the tradeWhat to watch nextHowever, this move comes at a precarious time for the global travel industry:International tourism is growing again worldwide, while theThe United States is already the only major market forecastto loseinternational visitor expenditure in 2025.If fully implemented, the ban will have an impact far beyond the citizens of the countries directly targeted. It will reshape airline networks, put pressure on key U.S. gateways and deepen a reputational problem that Brand USA is already eroding. Here at Traveling Lifestyle, we took a closer look at what an extended ban means for US tourism in 2026.What we know so far about the new banThe expansion builds on the June 2025 proclamation that was already announcedbans entry from 12 countries– including Afghanistan, Iran, Libya, Somalia and Yemen – andpartially restricts nationals’ entry to another sevensuch as Cuba, Laos, Sierra Leone and Venezuela. The current measures cover both immigrants and non-immigrants, including tourists, students and business travelers, with limited exemptions for existing visa holders, immediate family members of US citizens and participants in major sporting events such as the 2026 World Cup.According to internal State Department materials reported earlier this year, officials had identified the identity36 additional ‘countries of concern’many of them in sub-Saharan Africa and the Caribbean, facing possible full or partial suspension of entry if they did not meet U.S. security standards. Noem now says the total number of countries subject to travel restrictions will rise to “more than 30,” although the final list and implementation date for the expansion are still pending..u1ffc433d42e4cd4958ab9ef9c4977f51 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; text-decoration:none; } .u1ffc433d42e4cd4958ab9ef9c4977f51:active, .u1ffc433d42e4cd4958ab9ef9c4977f51:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u1ffc433d42e4cd4958ab9ef9c4977f51 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u1ffc433d42e4cd4958ab9ef9c4977f51 .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u1ffc433d42e4cd4958ab9ef9c4977f51 .postTitle { color:#9B59B6; text-decoration: underline!important; font-size: 16px; } .u1ffc433d42e4cd4958ab9ef9c4977f51:hover .postTitle { text-decoration: underline!important; } See alsoBali will ban the construction of new tourism developments for up to 10 yearsAt the same time, the government is tightening its policyscreening even for travelers not coming from the banned states. Customs and Border Protection has suggested sweeping changes to the ESTA visa waiver system, including mandatory disclosure of five years of social media data, extensive contact history and additional biometrics, while the State Department expands “online presence” screening to new categories of work visa applicants.Immediate impact on travelers and bookingsFor citizens of currently banned or newly added countries, the consequences are clear: tourism, family visits, study and business trips to the U.S. could effectively be halted, with limited exceptions. But theThe psychological effect reaches much further.Travel analysts are already linking the 2025 decline in U.S. inbound tourism to a mix of policy uncertainty, harsher rhetoric and fear of being detained or turned away at the border — even among travelers from countries not directly targeted by a ban.That fear now intersects with a very practical problem:longer waiting times and more intrusive checks.Expanded ESTA data collection and consular screening will likely increase processing times, causing more last-minute denials and missed trips. Tour operators in Europe and Canada already reported a spike in cancellations and diverted activities in 2025; a new set of restrictions gives undecided travelers another reason to choose alternative destinations for 2026.Airlines and tourist hotspots in the US are at riskThe emerging ban map strongly overlaps withfast-growing, youthful marketswhich global airlines and tourism agencies have been striving for for years. Many of the 36 countries previously identified as candidates for restrictions are in Africa – a region identified by UN Tourism as one of the fastest-growing outbound markets of this decade.For US airlines and airports, this isn’t just a matter of the disappearance of some point-to-point flights:Long-haul routes from African and Caribbean hubs that direct traffic to major US gateways (New York, Atlanta, Washington, Houston, Miami) could become commercially unsustainable, prompting airlines to shift capacity to Europe, the Gulf or Asia.Secondary US cities that depend onconnecting trafficThese markets may result in fewer international visitors and weaker justification for new long-distance services.At the destination level, cities such as New York, Orlando, Las Vegas and Los Angeles – which rely heavily on high-spending international guests – are already preparing for billions of dollars lost foreign tourism revenues due to the 2025 recession..u8b05b8247b054fabc8d976f3e3ae15de { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; text-decoration:none; } .u8b05b8247b054fabc8d976f3e3ae15de:active, .u8b05b8247b054fabc8d976f3e3ae15de:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u8b05b8247b054fabc8d976f3e3ae15de { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u8b05b8247b054fabc8d976f3e3ae15de .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u8b05b8247b054fabc8d976f3e3ae15de .postTitle { color:#9B59B6; text-decoration: underline!important; font-size: 16px; } .u8b05b8247b054fabc8d976f3e3ae15de:hover .postTitle { text-decoration: underline!important; } See also1.5 miles anti-Sargassum barrier installed in Playa del Carmen to protect tourism and the ecosystemBecause airlines plan their capacity one to two seasons in advance, thesignal effectof the ban could be as important as the final list of countries. The uncertainty makes it harder to justify starting or maintaining marginal routes to the US, while other regions are seeing record inbound numbers.Long-term damage to “Brand USA”The expansion comes at a time whenGlobal tourism has finally surpassed pre-pandemic levelswith the number of international arrivals expected to increase by around 5 percent in 2025 compared to 2019. In that context, the United States is an outlier: the World Travel & Tourism Council expects a decline of 7 percent – approximately$12.5 billion in lost international visitor spendingThis year, the US was singled out as the only major economy where foreign tourism is shrinking in absolute terms.Industry groups insist that travel bans are just part of a broader picture that includes a strong dollar, higher fees, longer visa wait times and the perception that the U.S. is becoming more unpredictable and less hospitable. But the symbolism of a dramatically expanded list of “unwelcome” nationalities is powerful. Even travelers from unaffected countries are absorbing the message that rules can change overnight, or that an encounter at the border can depend on political winds rather than clear criteria.Once long-distance travelers change their habits – by choosing destinations in Canada, Mexico or Europe that are actively attracting visitors –regaining them can take yearsas several forecasting companies are now warning.Practical guidance for travelers and the tradeUntil the final list of countries and implementation schedule are published, agents, airlines and travelers are operating in a gray zone. A number of practical steps emerge:Assume higher friction in 2026Tour operators advise customers to allow extra time for visa interviews, ESTA approvals and possible secondary inspections upon arrival – even if they are not coming from banned countries.Audit trails linked to “risky” marketsU.S. destinations that rely heavily on visitors from Africa, the Middle East and parts of the Caribbean are revising their 2026 projections and marketing plans and anticipating further declines or realignments in demand.Communicate clearly with booked customersFor travelers who have already made deposits for travel in 2026, a clear explanation of refund policies, rebooking options and alternative routes will be critical to maintaining confidence..u3847fe2ba86c10a1d1f31e79d19e569b { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; text-decoration:none; } .u3847fe2ba86c10a1d1f31e79d19e569b:active, .u3847fe2ba86c10a1d1f31e79d19e569b:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u3847fe2ba86c10a1d1f31e79d19e569b { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u3847fe2ba86c10a1d1f31e79d19e569b .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u3847fe2ba86c10a1d1f31e79d19e569b .postTitle { color:#9B59B6; text-decoration: underline!important; font-size: 16px; } .u3847fe2ba86c10a1d1f31e79d19e569b:hover .postTitle { text-decoration: underline!important; } See alsoBe about Amalfi! This stunning Italian island breaks all time tourism recordsAt the policy level, tourism boards and industry associations are likely to intensify lobbying efforts, arguing that blanket bans and increasingly stringent screening have measurable economic costs – not just in abstract GDP figures, but also in lost jobs in hotels, restaurants, attractions and small businesses across the country.What to watch nextIn the coming months, several developments will determine how serious the consequences of tourism will become:Thefinal country list and restriction categories(full bans vs. partial visa limits).Whether it concerns exemptions for major events such as theWorld Cup 2026remain intact or be reduced, which would have a direct impact on sports tourism and related travel.How aggressively ESTA and visa screening changes are being rolled out and whether they will cause new waves of delays and denials.For now, the message to the global travel sector is clear: the United States is doubling down on restrictions just as much of the world is throwing open its doors. By 2026, that policy choice will likely be felt not just at consulates and border crossings, but also in hotel occupancy rates, airline schedules and the balance sheets of America’s most tourism-dependent communities.
Hertz sees 20% spike in one-way rentals amid air traffic chaos
Sarah Smith
The U.S. government shutdown has rattled air travel — most recently with an unprecedented effort from the Federal Aviation Administration to cut flights by 10% at airports nationwide. And the disruptions are causing some to instead hit the road or buy a train ticket.Recommended VideoThat could mean more and more business for car rentals, long-haul buses and commuter rails like Amtrak — particularly if flight delays and cancellations continue piling up as the U.S. approaches Thanksgiving and other peak holiday travel.Amid the latest scramble, Hertz is already reporting a sharp increase in one-way car rentals. One-way reservations have spiked more that 20% through the coming weekend compared with the same period last year, according to the company, which has also pointed to the shutdown’s ongoing strain on travel overall.“We join the airlines in urging Congress to swiftly pass a clean continuing resolution and restore certainty for travelers,” Hertz CEO Gil West said in a statement. “Every day of delay creates unnecessary disruption.”Amtrak, meanwhile, is predicting record Thanksgiving numbers.The rail service said it began to see those bookings grow before the shutdown began — but told The Associated Press on Thursday that it was also “reasonable to expect an increased share shift to Amtrak” if flight disruptions mount. Amtrak has maintained that its routes are running normally amid the shutdown.Flix North America, the parent company of FlixBus and Greyhound, is also preparing for more demand.“Our message is simple: you still have options,” said Kai Boysan, CEO of Flix North America.Boysan maintained that intercity buses are “one of the most dependable ways to get around” — and not impacted by the shutdown like flights are. “We anticipate more travelers may turn to ground transportation in the days ahead, and we’re monitoring demand closely and prepared to add capacity where needed to ensure people can keep moving,” he added.A Flix spokesperson said Friday that many of its bookings typically occur within 24 to 72 hours of departure, noting that the company should have a “clearer picture” of the overall impact in the coming days.Still, train and bus routes are sometimes more available in certain parts of the country than others. And some have also encountered sold-out tickets or rentals in recent days — instead turning to other creative options.Karen Soika from Greenwich, Connecticut, found out Friday morning that her flight out of Newark, New Jersey, was rebooked for an hour earlier. But she later learned her plane was actually leaving from New York’s John F. Kennedy International Airport instead, at least an hour away.She unsuccessfully tried to book a rental car to get to Utah for a weekend trip, before settling on another option: booking a U-Haul.“I’m going to U-Haul and I’m going to drive a truck cross country,” said Soika.Meanwhile, others are hoping to avoid lengthy alternatives.Christina Schlegel, of Arlington, Virginia, is keeping an eye on the Wednesday flight she’s booked to Fort Lauderdale, Florida. When word of cancellations broke, her husband suggested they just drive if their flight is among those affected, but Schlegel says she’d rather pivot to a different flight or airport.“I don’t want to drive 12 hours,” said Schlegel, who is heading to Florida ahead of a Bahamas cruise.It can be overwhelming for travelers to navigate whether or not their trips will be impacted — particularly if the trip is farther down the road. And the costs of buying backup options can add up overall. That’s caused some to sit on their current bookings.“Everything is so fluid right now that many travelers are taking a ‘wait and see’ approach, especially looking ahead to Thanksgiving travel,” Aixa Diaz, spokesperson for motor group AAA, said in a Friday email.Diaz urges consumers to stay informed, make flexible backup plans and take steps to reduce future headaches — such as carving out more travel time overall or taking a taxi or public transport to an airport instead of parking your own car, in case your return trip gets canceled or rerouted.“Controlling what you can is key,” she noted._______Associated Press journalists Matt Sedensky and Charles Sheehan in New York; Rio Yamat in Las Vegas and Ted Shaffrey in New Jersey contributed to this report.
Marriott abruptly cut ties with Sonder, leaving thousands of hotel guests stranded: It’s ‘inconceivable’ they would treat humans that way, guest says
Jennifer Miller
NY court revives Suffolk County Water Authority carpal tunnel claim
Jane Brown
What it really means for tourism in 2026
Jane Miller
Hertz sees 20% spike in one-way rentals amid air traffic chaos
Sarah Smith
Airbnb manager quit her job to take a gap year with her husband and 3 kids—she credits the reset for propelling her to CEO of Taskrabbit
Sarah Smith
Stop loss insurance market expands as employers seek protection against high-cost claims
Jennifer Miller
Baldwin, CAC to combine in transformational $1-billion deal
Jennifer Jones
Wall Street Walks Away From Ford as CEO Farley Flounders
Jane Williams
Build Your Lifetime Income Stream: 5 Dividend ETFs Worth Owning
John Brown
Still don’t have a REAL ID? Starting in February, air travelers without one will be charged a $45 fee
Robert Brown
Obsidian boosts capital as it eyes further growth
Robert Johnson
Expansion plans are driving Obsidian's business toward a premium milestoneInsurance NewsBy Insurance BusinessNov 21, 2025ShareObsidian Insurance Holdings, Inc. is expanding its financial capacity to support rapid growth, increasing surplus across its writing companies through a senior notes issuance and additional shareholder investment. The capital boost comes as Obsidian, the parent company of Obsidian Specialty Insurance Company, Obsidian Insurance Company, and Obsidian Pacific Insurance Company, prepares for a third consecutive year of over 50% premium growth. The company expects total gross written premium in 2025 to surpass $1 billion. Are you an insurance innovator? Tell us — we want to hear your storyStrategic capital raise strengthens foundation Obsidian issued $40 million in 8% senior unsecured notes due November 15, 2030, rated “BBB-” by Kroll Bond Rating Agency, alongside $30 million from existing equity holders, including Genstar Capital. With this infusion, the company’s group capital and surplus now stands at $131.65 million. Obsidian’s growth has been fueled by both established partnerships and newly onboarded programs, supported by diverse panel of more than 200 reinsurers. Obsidian CEO William Jewett highlighted how the company has evolved since its founding five and a half years ago. “Obsidian has become a leading program carrier with a keen focus on underwriting profitability, operational excellence, and the establishment of strong and enduring relationships with our MGA and reinsurer partners,” he said. “This additional capital will fuel, and support continued profitable growth in the years ahead. We are very appreciative of all our partners and stakeholders that have contributed to our success.” For Obsidian president Craig Rappaport, investor confidence is a crucial part of the company’s narrative. “Our strong support from investors has validated the Obsidian story and the exceptional differentiated business our team has built,” he said. “We see significant opportunities in the market to continue Obsidian's robust growth and performance and look forward to working with our partners to execute our strategy over the next several years." Related StoriesObsidian snaps up Western HomeObsidian taps new chief underwriting officer
These Penny Stocks are Soaring Today: DFLI, YCBD, PSTV
Michael Miller
Penny stocks may appear attractive simply because of their low prices.Granted, if you spot the right one, it’s a rags-to-riches story. Just look at Advanced Micro Devices, which ran from about $5 to $165 over the last few years.Unfortunately, many turn out to be a waste of time.It’s why the US SEC warns, “Penny stocks may trade infrequently – which means that it may be difficult to sell penny stock shares once you have them. Because it may also be difficult to find quotations for penny stocks, they may be impossible to accurately price. Investors in penny stock should be prepared for the possibility that they may lose their whole investment.”Yes, we mention that with most penny stock articles. But we do that on purpose, so you’re always aware of the risks that penny stocks do carry.That being said, here are a few penny stocks you may want to dig into.Dragonfly Energy Holdings Corp. This is the second timeDragonfly Energy Holdings Corp.(NASDAQ: DFLI) has appeared on this list. The last time was on September 26, when the stock spiked on the latest lithium boom, which followed the Trump Administration’s desire to invest in Lithium Americas’ lithium mine.Loading stock data...Today, DFLI is up another 33% to 70 cents on a volume spike to 136.7 million, as compared to its daily average volume of 27 million. This time, the stock is running on news it’s presenting at The Battery Show North America, taking place October 6 to 9 in Detroit.“Through sessions on domestic lithium battery manufacturing, hybrid electrification and battery fundamentals, the Company will highlight its technical leadership and contributions to advancing the industry dialogue,” as noted in a recent press release.Recent earnings haven’t been too shabby either. In its most recent quarter, the industry leader in energy storage posted an EPS loss of 58 cents, which beat estimates by 37 cents. Revenue of $16.2 million, up 22.7% year over year, beat by $1.52 million.“We are pleased to report another strong quarter, with net sales increasing 23% year-over-year, driven by sustained demand from OEM customers despite continued economic uncertainty,” commented Dr. Denis Phares, Chief Executive Officer. “We believe this performance demonstrates the resilience of our OEM partnerships, as we continue to see healthy adoption trends across our portfolio.”cbdMD Inc.CBD company, cbdMD Inc.(NYSEAMERICAN: YCBD) is up 175% on the day on a volume spike to 139 million, as compared to its daily average volume of 88,950. This was after President Trump endorsed CBD for senior healthcare. In addition, just last month, the Administration said it was looking to reclassify marijuana, which could result in easing criminal penalties.Loading stock data...Hemp-derived cannabidiol (CBD) could “revolutionize senior healthcare” by helping reduce disease progression and was shown as an alternative to prescription drugs, Trump said in a post on Truth Social, as noted by Reuters.Here’s the video Trump shared on Truth Social earlier today: https://truthsocial.com/@realDonaldTrump/posts/115283887618990920As a result of the Trump news, other cannabis stocks are also surging. That includes Tilray Brands, which is up about 40% to $1.60. Canopy Growth is up about 15% to $1.54 a share. Green Thumb Industries is up 17% to $8.50 per share. Trulieve Cannabis is up 14% to $8.16 per share. Curaleaf Holdings is up 21% to $2.86.Even related ETFs, including the Roundhill Cannabis ETF, are up 18% to $20.93.We also have to consider that related cannabis stocks could see higher highs if the Trump Administration gets even more aggressive with CBD and potential cannabis legislation.Plus Therapeutics On September 25, we noted, “Shares of clinical-stage pharmaceutical company, Plus Therapeutics (NASDAQ: PSTV), are up about 31% on a volume spike of 216.4 million, as compared to its daily average volume of 15.5 million. All after the cancer drug maker said UnitedHealth’s insurance arm reached an agreement with its CNSide Diagnostics unit to offer national coverage for a cancer test.”Loading stock data...As part of the deal, more than 51 million Americans across the U.S. will be able to access CNSide’s CNSide Cerebrospinal Fluid Assay, targeted at metastatic cancers in the central nervous system. Reportedly, the assay has 92% sensitivity and 95% specificity. It can also help influence medical treatment decisions in about 90% of cases, as noted in a PLUS release.Today, PSTV is up another 28% to about 80 cents on a volume spike to 129.2 million, as compared to its daily average volume of 19.44 million. All as the stock continues to build momentum on its UnitedHealthcare news.Want Up To $1,000? SoFi Is Giving New Active Invest Users up to $1k in StockLooking to grow your money but unsure where to begin? SoFi Active Invest is offering a limited-time promotion—open an account, fund it with $50 or more, and you could receive up to $1,000 in complimentary stock for Active Invest accounts.From $0 commission trading to fractional shares and automated investing, this app is designed to simplify investing for everyone, whether you’re just starting or already experienced. Its easy to sign up and secure your bonus.(sponsor)DISCLOSURE:INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUEBrokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org).Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov.Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify.Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org).There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options [HYPERLINK: https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdfInvesting in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement [HYPERLINK https://www.sofi.com/iporisk/]. This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation [HYPERLINK https://support.sofi.com/hc/en-us/articles/360058602892-How-does-SoFi-allocate-IPO-shares].
Stock Market Live October 3: S&P 500 (VOO) Rises on Government Shutdown Day 3
John Davis
-->-->Key PointsThe U.S. Government shut down on October 1 and remains shut down October 3, with up to 750,000 government workers furloughed.Absent government workers to confirm this data in reports, it’s hard to say precisely how many workers are off the job right now.Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; get started by clicking here.(Sponsor)-->-->Live UpdatesLive Coverage Has EndedGet The Best Goldman Sachs Live Earnings Coverage Like This Every QuarterGet earnings reminders, our top analysis on Goldman Sachs, market updates, and brand-new stock recommendations delivered directly to your inbox.Click Here - It's Free Thank you for subscribing! Keep an eye on your email for updates. By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you. You can unsubscribe at any time. For more information, please review our Disclaimer and Terms of Use.Friday Wrap-upOct 3, 2025 4:01 PMLive The Vanguard S&P 500 ETF closed at 615.18 Friday, flat for the day but up 1.1% for the week.Apple Still ShinyOct 3, 2025 12:52 PMLiveIn the absence of government news, Jefferies analyst Edison Lee is making headlines today downgradingApple(Nasdaq: AAPL) stock to underperform — but investors don’t care.“We raised our FY25E/26E/27E iPhone unit growth to 7%/1%/-1% from 5%/-3%/0%,” explains Lee. “Our muted outlook for FY26/27 is driven by 1) $100 price hike for iPhone 18 P/PM, and 2) cautious outlook of 18 Fold (12.5m units).”Lee lowered his price target on Apple stock to $205.16, but the stock is up 0.6% today. The Voo is up 0.5%.This article will be updated throughout the day, so check back often for more daily updates.The U.S. Government is out to lunch — and investors don’t care.On Day 2 of the Government Shutdown of 2025, theVanguard S&P 500 ETF(NYSEMKT: VOO) closed at a record high Thursday. As Day 3 prepares to get underway, the ETF is up another 0.1% premarket.With much of the workforce at federal agencies furloughed today, and the rest presumably just trying to keep up with work on a skeleton crew, there’s no new government data coming out to help the market today — but also no bad news getting published. True, yesterday Treasury Secretary Scott Bessent warned that the shutdown threatens us with “a hit to the GDP, a hit to growth and a hit to working America,” but until some data comes out confirming that, it kind of feels like it’s not happening, and investors remain blissfully ignorant of anything bad that’s happening to the economy.Well, except for one data point. Heading into the shutdown President Trump threatened massive layoffs of government workers, calling the shutdown an “unprecedented opportunity” to save money by cutting dead weight. And the Congressional Budget Office estimates we could see 750,000 federal employees furloughed, weighing on jobs data.If we ever get toseeany jobs data again, that is. PredictionsIn the absence of data, what we do have is forecasts, andGoldman Sachs(NYSE: GS) CEO David Solomon just dropped a big one.“Markets run in cycles,” said the Goldman CEO at Italian Tech Week in Turin, Italy, on Friday. “And whenever we’ve historically had a significant acceleration in a new technology that creates a lot of capital formation, and therefore lots of interesting new companies around it, you generally see the market run ahead of the potential … there are going to be winners and losers.”Okay, give Solomon a ‘C’ for originality with that prediction. “Somewhere it’s going to rain today, and somewhere else it isn’t.” But the point remains true nonetheless. A lot of AI stocks have gotten very expensive this year, some of them are going to come back down, and investors should probably start to prepare for that eventuality.“I wouldn’t be surprised if in the next 12 to 24 months, we see a” stock market selloff, says Solomon.I wouldn’t be surprised, either.Wealthy Americans With $1m Or More: Avoid These 13 Retirement MistakesEven for wealthy Americans with $1m or more saved up, one wrong move in retirement could cost you years of financial security. The truth is, many investors make the same critical errors: Being too conservative, chasing “sure things,” or paying hidden fees. And those blunders can tank your hard-earned savings.Now you can learn the mistakes even experienced investors make — and how you can sidestep them before it’s too late — with this new guide: 13 Retirement Mistakes and How to Avoid Them from Fisher Investments. Fisher Investments has helped tens of thousands of investors retire comfortably since 1979. With over $332 billion under management, they provide tailored money management to help achieve long-term goals. Download the guide today.24/7 Wall St. may receive compensation for actions taken through some of the links provided here. Get Live Earning Updates on Goldman SachsNever miss important earnings news. Get real-time updates delivered directly to your inbox. We'll also deliver our top stock recommendations and weekly market udpates. Signup -- It's Free Thank you for subscribing! Keep an eye on your email for updates. By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you. You can unsubscribe at any time. For more information, please review our Disclaimer and Terms of Use.
Is it safe to travel to Thailand now? Final advice
Jane Jones
According to current reports it is Thailand remains one of the safest countries for travelers in Southeast Asia. Still,it is not recommended to travel to the Cambodian border as the ongoing conflict escalates again.ContentsLATEST NEWS from THAILAND:Official travel adviceAmerican travel advice for ThailandCanada Travel advice for ThailandAreas to avoid in ThailandCommon scams in ThailandTaxi overloadedTrick “Closed attraction”.Nightlife scamsFake currency exchange feesFake gemstonesTuk-Tuk scamSafety tips for ThailandHowever, while crime rates remain relatively low in major tourist destinations, it is important to remain alert and follow all local safety recommendations.One of the biggest risks for travelers remainsmotorcycle accidents– still the leading cause of serious injury and death among tourists. These accidents often occur on busy or poorly maintained roads, especially on islands such asKoh Samui,PhuketAndKo Phanganwhere scooter rentals are extremely popular but are often operated with minimal training or protective equipment.LATEST NEWS from THAILAND:The US Embassy in Thailand has done that issued an urgent security alert as armed clashes intensified along the Thailand-Cambodia border on December 8, 2025. Americans are being urged to avoid all travel within 30 miles (50 km) of the border due to artillery exchanges, small arms fire and rapidly deteriorating security conditions.Thai authoritiesSa Kaeo, Surin and Sisaket are warning residents to stay alert and prepare for possible evacuations, while schools and roads near the border face disruptions.Early displacement of civilians has been reported. Travelers should monitor official updates, expect limited access in affected areas, and sign up for STEP for real-time alerts..u81b4913c2c2fc9a825cc245efdcdee00 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; text-decoration:none; } .u81b4913c2c2fc9a825cc245efdcdee00:active, .u81b4913c2c2fc9a825cc245efdcdee00:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u81b4913c2c2fc9a825cc245efdcdee00 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u81b4913c2c2fc9a825cc245efdcdee00 .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u81b4913c2c2fc9a825cc245efdcdee00 .postTitle { color:#9B59B6; text-decoration: underline!important; font-size: 16px; } .u81b4913c2c2fc9a825cc245efdcdee00:hover .postTitle { text-decoration: underline!important; } See alsoWhy this Japanese hiking trail is one of the most dangerous in the worldOfficial travel adviceAmerican travel advice for ThailandThe US Department of State continues to list Thailand belowLevel 1: Practice normal precautions.However, it advises travelers to do soreconsider travelto the provinces ofYala, Pattani, Narathiwatand parts ofSongkhladue to continued insurgent activities and civil unrest.Canada Travel advice for ThailandThe Canadian government is warning travelers about frequent petty crimes, including:Taking walletsPickpocketingTheft from the luggage compartment of busesTravelers are urged to use reputable transportation companies and remain vigilant in busy tourist areas.Areas to avoid in ThailandBoth US and Canadian authorities recommend avoiding the following:JalaPattaniNarathiwatSongkhla (southern districts)These provinces continue to experience violent separatist conflicts and ethnic tensions.Moreover, due to the new escalated situation, travelers should avoid itall regions bordering Myanmar, Cambodia and Malaysiawhere armed conflict, instability and landmines pose serious risks.The northern border districts near Myanmar (e.g. Mae Sot) are currently warrantedincreased caution.Common scams in ThailandAlthough Thailand is generally safe, scams targeting tourists are common:Taxi overloadedTaxi drivers can refuse to use the meter and demand high prices. If the driver does not turn on the meter, take another taxi.Trick “Closed attraction”.Some tuk tuk or taxi drivers falsely claim that your destination is closed and direct you to partner shops or gemstone shops. Politely insist on continuing to your original destination.Nightlife scamsSome bars may jack up drink prices or stage fake police raids to extort tourists. Ask for police ID if you are confronted..ue3900ac4ff1e6cea2f61a370c5e27495 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; text-decoration:none; } .ue3900ac4ff1e6cea2f61a370c5e27495:active, .ue3900ac4ff1e6cea2f61a370c5e27495:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .ue3900ac4ff1e6cea2f61a370c5e27495 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .ue3900ac4ff1e6cea2f61a370c5e27495 .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .ue3900ac4ff1e6cea2f61a370c5e27495 .postTitle { color:#9B59B6; text-decoration: underline!important; font-size: 16px; } .ue3900ac4ff1e6cea2f61a370c5e27495:hover .postTitle { text-decoration: underline!important; } See alsoThese two lesser-known cities have been named Europe's best cultural hotspots for 2025Fake currency exchange feesUnscrupulous currency exchangers may offer inaccurate rates. Check benchmarks online and count money before you leave the counter.Fake gemstonesGemstone scams are common, especially in Bangkok. Only buy from reputable, certified dealers.Tuk-Tuk scamMany tuk-tuk drivers refuse to use meters and charge high fees. Agree on a final price before the ride starts.Safety tips for ThailandDo not leave drinks unattended:Incidents involving drinking peaks occur.Avoid showing large amounts of cash:Keep valuables discreet.Don’t discuss the Thai monarchy:Even unintentional insults can lead to serious legal consequences.Avoid red light districts:Higher risk of theft, drugging and fraud.Avoid drug use:Tourists were set up by dealers who demanded bribes.Never give your passport as collateral:Instead, use rental companies that accept deposits.Bring spare money:ATMs can be unreliable or cards can be lost.Back up your travel documents:Keep originals safe.Avoid traveling to border areas prone to violence:Especially near Myanmar, Cambodia and Malaysia.
October Marks Start of Q4 Rally. These 2 Stocks Are Ready to Run Higher
Michael Johnson
The SEC Wants to Allow Blockchain Stock Trading. Here Are 2 Big Winners and 1 Loser
Sarah Miller
AI isn't just cutting costs - it's rewriting the insurance playbook
Sarah Brown
The ETFs Running Way Past The S&P 500 Right Now
John Smith
Is Rigetti, IonQ, or D-Wave The Next 10x Stock?
Emily Brown
Trump’s $1 Trillion Military Blitz: 2 More Defense Stock Winners to Buy Now
Jane Johnson
Homeowners' insurance outlook stable
Jennifer Williams
Live: Tilray Brands (TLRY) Q1 FY2026 Earnings Coverage
Jane Williams
‘What I’d do to hold you one last time’: Welsh soccer star’s move to Mexico turns into nightmare amid hunt for lost beagle
Michael Brown
When the Market Collapses, This Is the Stock to Own
Michael Miller
Cyber market stabilizes, but risk and exposure still escalating
Michael Williams
Wealthy millennial, Gen Z Platinum members drive American Express to record revenue: ‘very comfortable paying for its exceptional value’
Jane Jones
Latest Articles
10 European cities that Americans will travel to during the 2025-2026 winter holidays
Emily Smith
5 of Our Favorite High-Yield Stocks Pay Monthly Dividends
Emily Williams
5 lesser-known destinations in France for cheaper prices and smaller crowds
Emily Williams
Insurance moves: Starkweather, Affordable American, Duck Creek, Mutual Group and New York Life
Michael Jones
The ETF That Outperforms VYM and Delivers Consistent Monthly Payouts
Michael Jones
Move over Sri Lanka! This beautiful island is Asia’s new holiday destination
Jennifer Williams
Black Sea tanker strikes push war-risk premiums higher as underwriters reassess exposure
John Williams
APCIA supports bill to limit foreign influence in US litigation
David Williams
Buried in Trump’s beautiful bill is a new $250 fee on travelers to the U.S. Estimates project it could cut the federal deficit by nearly $30 billion
David Smith
David Marriott reveals the correct way to pronounce the popular hotel chain—and you’ve probably been doing it wrong
Jennifer Brown