Delivery drones are coming to more US neighborhoods after getting off to a slow start
Yet the long-promised technology has been slow to take off in the United States. More than six years after the Federal Aviation Administration approved commercial home deliveries with drones, the service mostly has been confined to a few suburbs and rural areas.
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New York Post
an hour ago
- New York Post
More US tourists visit Canada than Canucks travel to America for first time ever: report
Tourists from the Great White North are giving the US the cold shoulder. In a surprise twist to the ongoing trade war between North American neighbors, July marked the first time ever more Americans road-tripped it to Canada, than vice versa. That month saw 1.8 million US car trips into Canada, compared to 1.7 million Canadian excursions to the Land of the Free, new data from Statistics Canada released Monday found. Cross-border trips between Canada and the US slowed in July, normally the busiest month of the year. Bloomberg via Getty Images Travel in both directions is slumping, however, as trade tensions between the two allies boil over. US visits to its northern neighbor dropped 7.4% from last July — normally the busiest travel month of the year — while Canadian road trips to America nosedived by a staggering 37%. It marked the sixth consecutive month of year-over-year declines in tourism, following President Trump's February announcement that he was implementing tariffs on Canada, while also joking that he planned to make the country the 51st state, which led to Canucks cancelling their US vacations in droves. 1.8 million Americans visited Canada by car in July. AMVShutter – The two countries blew past an Aug. 1 trade-deal deadline and are now locked in a tit-for-tat tariff battle. The US is targeting Canadian goods not covered by the Canada-United States-Mexico Agreement with tariffs of up to 50%, and Canada imposing 25% counter-tariffs on billions of US exports.
Yahoo
2 hours ago
- Yahoo
Allegiant Airlines Announces Another Round of Route Expansions
As other popular budget airlines like Spirit are facing bankruptcy, Allegiant is expanding its service across the United States by adding five new routes to its repertoire. The company announced on Tuesday, August 12, that it is increasing its number of daily routes as well as adding a new airport to its list of those it services. In a press release on the Allegiant website, the airline announced that it will begin to service the city of Huntsville, Alabama with three new flights to different destinations in Florida. It will operate out of the Huntsville International Airport, which also hosts American, Delta, and United Airlines. All of Allegiant's five new routes will involve destinations in parts of Florida that are popular domestic tourism hotspots. The flights from Huntsville will travel either to Fort Lauderdale-Hollywood International Airport, St. Pete-Clearwater, or Orlando Sanford Airport. Allegiant's other two new flights will be added to the Appleton International Airport in Wisconsin and the Frederick Douglas Greater Rochester International Airport in New York. These routes will take passengers from Appleton, Wisconsin to the Orlando area and from New York to Sarasota. These new routes come on the heels of fast growth for the Las Vegas based airline, which also added seven new routes in late July. Six of these routes also involved the state of Florida. While tickets for Allegiant's new routes are available to purchase, they will not begin until at least late 2025. The new dates, as announced by Allegiant, will be rolled out between November 2025 and March Airlines Announces Another Round of Route Expansions first appeared on Men's Journal on Aug 12, 2025 Solve the daily Crossword
Yahoo
5 hours ago
- Yahoo
What's Driving Ethereum's Surge—And Can It Last?
Ethereum has been on an upward tear for weeks now, and looks primed to break its four-year-old record high. Market experts who spoke with Decrypt agreed that a handful of variables, ranging from regulatory overhauls in the United States to deflationary trends in ETH acquisition, are likely responsible for the cryptocurrency's recent climb. But while some are convinced the pivotal factors contributing to Ethereum's rise are unique to the cryptocurrency, and could lead to a doubling of its price again by year's end, others worry macro factors could send ETH dumping nearly as quickly as they lifted the token in the first place. In the last month, ETH and other crypto tokens have received sizable bumps from regulatory developments in the United States, where the White House, the SEC, and Congress have all rolled out aggressively pro-crypto policies poised to integrate the digital assets ecosystem with the traditional economy to an unprecedented degree. Some analysts say that these developments hold the promise of longer-term gains. Luke Nolan, a senior analyst at Coinshares, contends that the GENIUS Act, a stablecoin bill signed into law by President Donald Trump last month, is particularly bullish for Ethereum, the network on which most stablecoins and tokenized real-world assets (RWAs) operate. Trump's signing of the GENIUS Act, Nolan told Decrypt, 'catalysed this pent-up enthusiasm on the token, catching a structural bid as people price what they perceive will be a hugely beneficial regulatory action for Ethereum.' In a note today, JP Morgan signaled that Ethereum is poised to benefit from 'meteoric growth' in the stablecoin sector in the coming years. David Siemer, co-founder and CEO of digital asset manager Wave, agrees that ETH's current hot streak is being driven by fundamentals specific to the technical merits of the Ethereum ecosystem. 'There has been an influx of interest from institutions and sophisticated investors who view ETH as more than just a 'second-place' crypto,' Siemer told Decrypt. 'They see it as the backbone of DeFi, tokenization, and the largest smart contract ecosystem.' This week, ETH broke $4,700 for the first time since 2021. The token reached a record high price of $4,878 on November 10 of that year, at the peak of the frenzied 2021 crypto bull run. MetaMask Is Set to Unveil Plans for New Stablecoin: Source Sammi Li, CEO and co-founder of JuCoin, the Singapore-based crypto exchange, told Decrypt that this run feels different than four years ago, largely thanks to a Wall Street trend that analysts agree is playing a major role in boosting ETH's price: massive acquisitions of the token via ETH ETF inflows and corporate treasury buys. Hoarding Ethereum has recently become so popular in traditional finance, in fact, that some 8% of the token's global supply is now tied up in ETFs or corporate reserves—a deflationary trend that continues to boost ETH's price by limiting supply. 'ETH's rally feels different this time,' Li told Decrypt. 'Companies are actually using it for treasury strategies and staking for yield, which locks up supply.' 'Unlike 2021's meme-driven pump, this has operational fundamentals,' Li continued. 'When companies stake their holdings for yield instead of just speculating[…]the network burns ETH through actual activity rather than hype.' Li therefore estimated that ETH's current streak could extend well into the fall, and through the end of the year. On Wednesday, Standard Chartered massively raised its Ethereum forecast, predicting the token could hit $7,500 by the end of 2025, and up to $25,000 by 2028. Jag Kooner, head of derivatives at crypto exchange Bitfinex, agreed ETH could reach anywhere between $6,000 and $7,500 by the end of the year—assuming, however, continued ETF demand, no major regulatory setbacks, and steady macroeconomic conditions. Ethereum Suited for 'Meteoric' Stablecoin Growth, JPMorgan Says Still, the question of whether ETH's fundamentals are sturdy enough to keep it surging regardless of the macro climate in the coming months is a thorny one. James Toledano, COO of Unity Wallet, told Decrypt that derivatives data currently indicates ETH traders are more cautious than euphoric. He cautioned that despite ETH's recent rise, a waning macro environment or recession fears could easily keep the cryptocurrency beneath $5,000 this cycle. Max Shannon, a senior research associate at Bitwise, told Decrypt he's also seen telltale signs in recent days of 'classic froth-infused behavior' from a general population suddenly fascinated by Ethereum; an environment, he said, that can often precede buyer exhaustion. Indeed, after weeks of nonstop gains, ETH has fallen 3.3% over the past 24 hours. At about $4,562, the token still remains 6.9% shy of beating its all-time high price.
