interest

Americans' interest in getting away has risen since the election.

Rumors of Penske’s interest in purchasing the Long Beach race have been swirling for months, with the long list of other interested buyers said to include the France family, founders of NASCAR; Mark Walter, chairman of the Dodgers’ ownership group; and Liberty Media, which has a stake in Formula 1 racing.

Market analysts say the stock market's momentum following the 2024 election could continue, driven by steady economic growth, strong corporate earnings and expectations for further interest rate cuts by the Federal Reserve.

Economists have warned that such tariffs could drive up consumer prices as companies pass on higher costs, potentially worsening inflation and putting further interest rate cuts on hold.

In a move to boost the economy as inflation cools, the Federal Reserve on Nov. 7 cut its benchmark interest rate by 25 basis points as expected, following a September rate cut.