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On June 12, Peggy Orenstein’s inbox flooded with booking requests for her Inglewood Airbnb.

The date seemed random, but after a quick search, the influx of interest became clear. It was exactly a year before one of the biggest events in American soccer history, when the U.S. will kick off its World Cup in a match against Paraguay at SoFi Stadium, and Orenstein had set up the system to only accept booking requests up to a year in advance.

Orenstein’s rental sits just across the street from the venue. Suddenly, her Airbnb became one of the hottest homes in the Southland.

She hadn’t adjusted the prices yet to reflect the rabid demand, so she declined the requests and tweaked the rates. Typically, a two-night stay at the house would cost around $1,000. For a two-night stay during the Americans’ opening match June 12, it’ll now cost more than $10,000.

Roughly 6.5 million people are expected to travel to North America during the 2026 World Cup, and many of them will be heading to L.A., where SoFi Stadium is hosting eight games, including two U.S. matches during the group stage. Airbnb hosts are viewing the games as a gold mine, hoping soccer fans will shell out thousands to stay near the stadium.

The World Cup rental market will serve as a test case for the 2028 Olympics, when an estimated 15 million people are expected to visit Southern California.

For the night of the opening match June 12, more than 70% of short-term rentals in Inglewood have already been booked, according to data site Inside Airbnb. That’s a 58% increase compared to typical reservation rates on normal days.

Rates are rising as well. On June 1, the average booked rate for an Airbnb in L.A. is $245, according to data platform AirDNA. On June 12, when the U.S. plays Paraguay, it’s $382 — a 56% jump.

In Inglewood, prices are even wilder. Homes that normally rent for hundreds are listed for thousands. The nightly price for a one-bedroom apartment a block from SoFi is typically around $400. On June 11, the day before the game, it’s $713. On June 12, the day of the game, it’s $1,714.

“It’ll be interesting to see how much people will pay,” Orenstein said.

Some hosts use an algorithm to determine their nightly rates, but Orenstein sets the prices herself. She arrived at the $10,000 number by looking at nearby hotels, which are mostly sold out for the nights of the eight World Cup matches.

“The Lum Hotel had a suite available during the World Cup for $1,943. Meanwhile, our house can accommodate eight guests with four bedrooms, plus a kitchen and yard,” she said.

There are classic amenities such as a grill and hot tub, but the biggest amenity is proximity. Orenstein is banking on visitors ponying up for the convenience of parking at the property and walking to the stadium while everyone else navigates traffic jams and long rideshare waits.

“It gets crazy out there,” she said. “I’ve had people offer to pay me $40 to use the bathroom while walking by during a Taylor Swift concert. Our neighbor sold parking spots for $1,000 during the Super Bowl.”

Colin Johnson has been renting out his home near SoFi Stadium for two years. It’s his actual residence, meaning when someone stays there, he has to book a hotel or crash on a friend’s couch. But he said the payouts are worth it.

“There are so many events and venues around us, why wouldn’t we take advantage?” he said.

A typical two-night stay in the three-story townhouse runs about $600. For the U.S. opening match, it costs more than $3,000.

Johnson said demand is roughly 60% Americans and 40% foreigners, but he expects foreign interest to pick up as the games get closer.

Demand isn’t limited to Inglewood. Luxury rentals across Los Angeles are being booked for eye-popping numbers, according to Mokhtar Jabli, founder of luxury rental platform Nightfall Group.

He’s booked two so far. The first was rented by a Florida client coming to Los Angeles to see Iran play two matches at SoFi Stadium against New Zealand and Belgium. The modern home in Hollywood Hills, complete with an infinity pool overlooking the city, rented for $33,000 for seven nights from June 15 to 22.

The second was booked by a New York client coming to see the U.S. play Paraguay. The 7,000-square-foot mansion in Malibu comes with a movie theater, butler, security and full-time staff. For 10 days, it rented for $100,000.

Jamie Lane, chief economist for AirDNA, expects a surge across L.A. County — not just in demand, but in supply.

“There’s a lot of interest right now in what you can make as a host,” Lane said. “In most cities, there won’t be enough lodging, so that pushes rates higher.”

He added that since Airbnb is the official “Alternative Accommodations and Bookings Platform” of the World Cup, the company is urging people to host. AirDNA has hosted multiple bootcamps around the country for people interested in renting out their homes during the World Cup, teaching them how to furnish homes, how to set prices during the games and more.

Lane expects a boost in listings early next year, which would mirror Paris in the months leading up to the 2024 Olympics, when active listings soared by 40%.

It’s unclear how proactive Southern California cities will be in cracking down on illegal listings as homeowners look to make a quick buck by renting out their rooms. Many cities have strict short-term rental regulations, but haven’t taken the steps necessary to enforce them.

Last year, the L.A. Housing Department estimated that 7,500 short-term rentals were violating the city’s Home Sharing Ordinance, but the city only issued 300 citations.

Orenstein said it won’t be easy in Inglewood.

“You have to jump through hoops to have an Airbnb,” she said. “Apply for permits, do inspections, pay your taxes every month. It has to be done right.”

United States President Donald Trump announced new agreements aimed at lowering prescription drug prices.

On Friday, alongside leaders from Bristol Myers Squibb, Gilead Sciences, and Merck, among other leading pharma giants, the president announced deals that would cut prices on their medications to match that of the developed nation with the lowest price.

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“Starting next year, American drug prices will come down fast and furious and will soon be some of the lowest in the developed world,” Trump said.

“This is the biggest thing having to do with drugs in the history of the purchase of drugs.”

Under the deals, each drugmaker will cut prices on some of the drugs sold to the Medicaid programme for low-income people, senior administration officials said, promising “massive savings” on widely used medicines without giving specific figures.

“We were subsidising the entire world. We’re not doing it anymore,” Trump said at a White House news conference, flanked by nine pharma executives.

Mehmet Oz, the director of the Centres for Medicare and Medicaid Service, said Regeneron, Johnson & Johnson, and AbbVie would visit the White House after the holidays for the launch of the government’s TrumpRx website.

US patients currently pay by far the most for prescription medicines, often nearly three times more than in other developed nations, and Trump has been pressuring drugmakers to lower their prices to what patients pay elsewhere.

The details of each deal were not immediately available, but officials said they included agreements to cut cash-pay direct-to-consumer prices of select drugs sold potentially through the TrumpRx.gov website, to launch drugs in the US at prices equal to – not lower than – those in other wealthy nations and to increase manufacturing. In return, companies can receive a three-year exemption from any tariffs.

Drug prices fall

Merck said it will sell its diabetes drugs Januvia, Janumet and Janumet XR – set to face generic competition next year – directly to US consumers at about 70 percent off list prices. If approved, its experimental cholesterol drug enlicitide will also be offered through direct-to-consumer channels.

Enlicitide is one of two Merck drugs expected to receive a speedy review under the FDA’s new, fast-track pathway, the Reuters news agency has previously reported.

Amgen said it will expand its direct-to-patient programme to include migraine drug Aimovig and rheumatoid arthritis medicine Amjevita, offering both at $299 a month – nearly 60 percent and 80 percent below current US list prices.

In July, Trump sent letters to leaders of 17 major pharmaceutical companies, outlining how they should provide so-called most-favoured -nation prices to the US government’s Medicaid health programme for low-income people, and guarantee that new drugs will not be launched at prices above those in other high-income countries.

So far, five companies have struck deals with the administration to rein in prices. They are Pfizer, Eli Lilly, AstraZeneca, Novo Nordisk and EMD Serono, the US division of Germany’s Merck.

A portion of revenues from each company’s foreign sales will also be remitted to the US to offset costs, officials said.

The companies pledged together to invest more than $150bn in the US for R&D and manufacturing, according to officials, although it was unclear whether that included earlier commitments. Several also agreed to donate drug ingredients to the US strategic reserve.

Trump has long focused on the disparity between drug prices in the US and other wealthy countries, which have government-run health systems that negotiate price discounts.

The spectre of tighter price controls by the US government initially spooked investors, but the terms of the deals announced so far have calmed many of those fears.

Analysts have noted that Medicaid, which accounts for only approximately 10 percent of US drug spending, already benefits from substantial price discounts, exceeding 80 percent in some cases.

WASHINGTON — President Trump made dozens of promises when he campaigned to retake the White House last year, from boosting economic growth to banning transgender athletes from girls’ sports.

But one pledge stood out as the most important in many voters’ eyes: Trump said he would not only bring inflation under control, but push grocery and energy prices back down.

“Starting the day I take the oath of office, I will rapidly drive prices down, and we will make America affordable again,” he said in 2024. “Your prices are going to come tumbling down, your gasoline is going to come tumbling down, and your heating bills and cooling bills are going to be coming down.”

He hasn’t delivered. Gasoline and eggs are cheaper than they were a year ago, but most other prices are still rising, including groceries and electricity. The Labor Department estimated Thursday that inflation is running at 2.7%, only a little better than the 3% Trump inherited from Joe Biden; electricity was up 6.9%.

And that has given the president a major political problem: Many of the voters who backed him last year are losing faith.

“I voted for Trump in 2024 because he was promising America first … and he was promising a better economy,” Ebyad, a nurse in Texas, said on a Focus Group podcast hosted by Bulwark publisher Sarah Longwell. “It feels like all those promises have been broken.”

Since Inauguration Day, the president’s job approval has declined from 52% to 43% in the polling average calculated by statistician Nate Silver. Approval for Trump’s performance on the economy, once one of his strongest points, has sunk even lower to 39%.

That’s dangerous territory for a president who hopes to help his party keep its narrow majority in elections for the House of Representatives next year.

To Republican pollsters and strategists, the reasons for Trump’s slump are clear: He overpromised last year and he’s under-performing now.

“The most important reasons he won in 2024 were his promises to bring inflation down and juice the economy,” Republican pollster Whit Ayres said. “That’s the reason he won so many voters who traditionally had supported Democrats, including Hispanics. … But he hasn’t been able to deliver. Inflation has moderated, but it hasn’t gone backward.”

Last week, after deriding complaints about affordability as “a Democrat hoax,” Trump belatedly launched a campaign to convince voters that he’s at work fixing the problem.

But at his first stop, a rally in Pennsylvania, he continued arguing that the economy is already in great shape.

“Our prices are coming down tremendously,” he insisted.

“You’re doing better than you’ve ever done,” he said, implicitly dismissing voters’ concerns.

He urged families to cope with high tariffs by cutting back: “You know, you can give up certain products,” he said. “You don’t need 37 dolls for your daughter. Two or three is nice, but you don’t need 37 dolls.”

Earlier, in an interview with Politico, Trump was asked what grade he would give the economy. “A-plus-plus-plus-plus-plus,” he said.

On Wednesday, the president took another swing at the issue in a nationally televised speech, but his message was basically the same.

“One year ago, our country was dead. We were absolutely dead,” he said. “Now we’re the hottest country anywhere in the world. … Inflation is stopped, wages are up, prices are down.”

Republican pollster David Winston, who has advised GOP members of Congress, said the president has more work to do to win back voters who supported him in 2024 but are now disenchanted.

“When families are paying the price for hamburger that they used to pay for steak, there’s a problem, and there’s no sugarcoating it,” he said. “The president’s statements that ‘we have no inflation’ and ‘our groceries are down’ have flown in the face of voters’ reality.”

Another problem for Trump, pollsters said, is that many voters believe his tariffs are pushing prices higher — making the president part of the problem, not part of the solution. A YouGov poll in November found that 77% of voters believe tariffs contribute to inflationary pressures.

Trump’s popularity hasn’t dropped through the floor; he still has the allegiance of his fiercely loyal base. “He is at his lowest point of his second term so far, but he is well within the range of his job approval in the first term,” Ayres noted.

Still, he has lost significant chunks of his support among independent voters, young people and Latinos, three of the “swing voter” groups who put him over the top in 2024.

Inflation isn’t the only issue that has dented his standing.

He promised to lead the economy into “a golden age,” but growth has been uneven. Unemployment rose in November to 4.6%, the highest level in more than four years.

He promised massive tax cuts for the middle class, but most voters say they don’t believe his tax cut bill brought them any benefit. “It’s hard to convince people that they got a tax break when nobody’s tax rates were actually cut,” Ayres noted.

He kept his promise to launch the largest deportation campaign in U.S. history — but many voters complain that he has broken his promise to focus on violent criminals. In Silver’s average, approval of his immigration policies dropped from 52% in January to 45% now.

A Pew Research Center survey in October found that 53% of adults, including 71% of Latinos, think the administration has ordered too many deportations. However, most voters approve of Trump’s measures on border security.

Republican pollsters and strategists say they believe Trump can reverse his downward momentum before November’s congressional election, but it may not be easy.

“You look at what voters care about most, and you offer policies to address those issues,” GOP strategist Alex Conant suggested. “That starts with prices. So you talk about permitting reform, energy prices, AI [artificial intelligence] … and legislation to address healthcare, housing and tax cuts. You could call it the Affordability Act.”

“A laser focus on the economy and the cost of living is job one,” GOP pollster Winston said. “His policies on regulation, energy and taxes should have a positive impact, but the White House needs to emphasize them on a more consistent basis.”

“People voted for change in 2024,” he warned. “If they don’t get it — if inflation doesn’t begin to recede — they may vote for change again in 2026.”

FIFA announced an affordable admission pricing tier for every nation that’s qualified for the 2026 World Cup co-hosted by the U.S., Canada and Mexico. The supporter entry tier will make tickets available at a fixed price of $60 for every match, including the final, for each nation’s participating members associations.

The new tier comes after supporters’ groups from Europe called out FIFA on the dynamic pricing of tickets, which changes the value based on the popularity of the teams playing in each match.

“In total, 50% of each PMA allocation will fall within the most affordable range, namely supporter value tier (40%) and the supporter entry tier (10%),” FIFA said in a statement on Tuesday. “The remaining allocation is split evenly between the supporter standard tier and the supporter premier tier.”

FIFA will also waive the administrative fees for fans who secure participating member association tickets, but their teams do not advance and they seek refunds.

Tickets sales were rolled out by FIFA in phases, with a third of the tournament’s inventory claimed during the first two phases. The third phase started on Dec. 11 and will go through to Jan. 13. During this period, fans have the opportunity to allocate tickets for a match based on a random selection draw.

Before the new tier was introduced, the cheapest ticket for the World Cup final in MetLife Stadium in New Jersey would cost fans more than $4,000. The high prices raised concerns among European supporters.

“The prices set for the 2026 World Cup are scandalous, a step too far for many supporters who passionately and loyally follow their national sides at home and abroad,” the FSA, an organization of supporters for England and Wales, said in a statement posted on its website on Dec. 12. “Everything we feared about the direction in which FIFA wants to take the game was confirmed — Gianni Infantino only sees supporter loyalty as something to be exploited for profit.”

FIFA previously stated it adopted the variable pricing because it was common practice for major North America sporting events.

“What FIFA is doing is adapting to the domestic market,” a FIFA official said in the conference call. “It’s a reality in the U.S. and Canada that events are being priced as per the demand that is coming in for that event.”

A FIFA official told reporters before the first tickets went on sale that world soccer’s governing body expects to make more than $3 billion from hospitality and tickets sales and is confident the tournament will break the all-time World Cup attendance record set in 1994, the last time the competition was held in the U.S.

That 1994 World Cup featured just 24 teams and 52 matches. The 2026 tournament will be twice as large, with 48 teams and 104 games.

FIFA said it received 20 million requests during the random selection draw sales.

SoFi Stadium will host eight matches, beginning with the U.S. opener against Paraguay on June 12. The Americans will finish group play in Inglewood on June 25, playing the winner of a March playoff involving Slovakia, Kosovo, Turkey and Romania. Two Group G matches — Iran vs. New Zealand on June 15 and Iran-Belgium on June 21 — also will be played in SoFi, sandwiched around a Group B match between Switzerland and the winner of another European playoff, this one featuring Wales, Bosnia and Herzegovina, Italy and Northern Ireland.

The teams for the three knockout-stage games to be played at SoFi Stadium — round-of-32 games on June 28 and July 2 and a quarterfinal on July 10 — haven’t been determined, but the possibilities include Mexico, South Korea, Canada, Spain, Austria and Algeria.

Staff writer Kevin Baxter contributed to this report.

Motor oil on display and ready to be sold in Nov. 2021 at a gas station in New York City, N.Y. U.S. crude was down about 23% this year at its steepest annual drop since 2018. Meanwhile, AAA reported that U.S. gasoline fell below $3 a gallon to its lowest in four years. File Photo by John Angelillo/UPI | License Photo

Dec. 16 (UPI) — U.S. crude fell below $55 a barrel Tuesday to its lowest since early 2021 as markets reacted to surplus concerns and potential peace deal in Ukraine.

West Texas Intermediate fell to a low of $54.98 a barrel to its weakest level since early February 2021, and recently traded near 55.16, down about 2.9%.

Brent crude, meanwhile, slipped to $58.88 a barrel in a nearly 3% drop. It slid roughly 21%, marking its weakest year since 2020.

U.S. crude was down about 23% this year at its steepest annual drop since 2018.

The AAA reported that U.S. gasoline had fallen below $3 a gallon, the lowest in four years.

Oil prices were sliding as OPEC boosted output after years of restraint, while investors bet on easing geopolitical tensions as U.S. President Donald Trump pushes for some kind of Russia-Ukraine peace deal.

It also arrived as the Trump administration advances drilling licenses on public lands in opposition to environmental groups.

“Oil markets will be watching developments closely, given the significant supply risk from sanctions on Russia. While Russian seaborne oil exports have held up well since the imposition of sanctions on Rosneft and Lukoil, this oil is still struggling to find buyers,” two ING commodity strategists wrote Tuesday in a note.

The president has stated a deal supposedly could be “closer now than we have been ever.”

“The result is a growing volume of Russian oil at sea. India, a key buyer of Russian oil since the Russia/Ukraine war began, will reportedly see imports of Russian crude fall to around 800k b/d this month, down from around 1.9m b/d in November,” they added.

Looking for a new way of life, one family said goodbye to their Yorkshire town and moved across the Atlantic to a country which has its own British community and nickname

Would you sell your home and uproot everything to start again abroad?

For an increasing number of Brits, the answer to that question is ‘yes’. Since 2023, there has been an almost 10% increase in Brits relocating abroad for a new way of life, with 639,000 people reportedly leaving the country last year, according to the Office for National Statistics (ONS). In the hope of a fresh start, one family just that and uprooted their lives to an area across the Atlantic packed with Brits and ‘insane’ prices.

Jack Masterson, 36, and his wife Natalie, 35, moved from the Yorkshire town of Huddersfield to a vibrant Canadian city. “For years, Natalie and I both had this nagging question in the back of our minds, ‘what if we moved elsewhere?’ Then the conversation quite quickly became ‘where and when,'” videographer Jack said.

“We just wanted something new from old England for our two children, and that’s when we came across the Canadian Express Entry visa.” As Natalie was a former NHS nurse, the Yorkshire couple, along with their two children, were able to pack up their lives in the UK and move to Canada in just six months on the category-based Express Entry visa.

This type of visa falls under six categories, with healthcare professionals making up the majority. It was launched in 2023 and aims to address the national shortage of healthcare professionals across Canada, with thousands of Brits reportedly moving to Canada in the last two years.

Jack shared: “With this option available to our family, Canada became a no-brainer. They’re short on nurses over here. So, Natalie came across in March, followed by the kids and me a month later – if you can do it and want an adventure, look no further.

“Life here is such a drastic change from Yorkshire. I used to run a videography business in England; so, since the move, I’ve been slowly building up a Canadian client base. On the flip side, it’s given me the opportunity to explore, ski, and hike around Lynn Canyon Park with the family. But what has really surprised us is the number of Brits we’ve encountered in the area.”

Having relocated to North Vancouver, south of Grouse Mountain in British Columbia, Jack discovered that it’s become an increasingly popular destination for other Brits seeking a new way of life. In fact, a common phrase among locals is, ‘There’s a reason it’s called British Columbia, it’s because there are so many Brits here.’

There’s even a specific nickname for Brits living in the Great White North, which is ‘limey’. The term originated in the 19th century and was originally a reference to the practice of giving sailors lime or lemon juice; however, it is now slang for a British person.

“We’ve got quite the limey community here in Lynn Valley,” Jack said. “But while there are a lot of Brits here, we’re missing one thing: English drinking culture and pubs.

“They’ve got a lot of microbreweries here, which is ace, but the pub is a British institution; I mean, they don’t even sell beer in the supermarkets in British Columbia – you must go to these special government liquor stores. Some Brits and I have been joking around about eventually opening a pub out here and staking our own claim on Lynn.”

However, when reflecting on the major differences, despite supermarket price increases in the UK due to inflation, Jack noted that a loaf of bread in Canada is pricey. “While the taxes tend to be lower out here than back home, it’s the prices of everyday items that are insane. A loaf of bread can cost you about CA$5, so about £2.50 – which is a hell of a lot more than it costs in a Tesco or Sainsbury’s,” he revealed.

However, it’s been well worth the move as Jack added: “Life in Vancouver has certainly been an adjustment, but one I wouldn’t change for the world. In comparison to Yorkshire, you’re just in a prettier place in Canada. People are more welcoming, and the kids love it.

“While the strange culture around tipping is something I’m still not used to, you can’t beat just hopping in the car and going for a hike with the family in one of the most beautiful regions in the world.”

Simon Hood, relocation expert and Executive Director of the company the pair used to move to Canada, John Mason International, added: “What Jack says is certainly true. Questions around affordability and a general cost-of-living crisis are rife in Canada since COVID. They’re experiencing many of the same issues we are here in the UK.

“But at John Mason International, clients are telling us they’re relocating to Canada not for affordability, but because they feel it offers something more: sometimes the intangible is a bigger push than the economics.”

Do you have a travel story to share? Email webtravel@reachplc.com

“It’s a chance to qualify. It is a chance to participate in a big event,” Fifa president Gianni Infantino declared in January 2017.

The Fifa Council had just unanimously voted to expand the World Cup to 48 teams. Nations who had never or rarely reached the finals were being given hope.

Infantino added: “Football is more than Europe and South America. Football is global.

“The football fever you have in a country that qualifies for the World Cup is the most powerful tool you can have, in those nine months before qualifying and the finals.”

Yet that “football fever” is falling a little flat after the ticket prices were released.

While the players will be there, the price of tickets could outstrip wages.

Take Haiti, one of the poorest countries in the world. The average wage in the Caribbean nation is around $147 (£110) a month.

The cheapest tickets for Haiti’s first game at the World Cup in 42 years, against Scotland, cost $180 (£135).

To attend all three matches – they also play Brazil and Morocco – would cost $625 (£467). That’s more than four months’ salary for the average Haitian, just to get into the ground.

It’s a similar story for Ghana, where the average monthly salary is around $254 (£190).

Ghana supporter Jojo Quansah told BBC World Service that fans would have to cancel their plans.

“It’s a bit of a disappointment for those who, for the last three-and-a-half years, have been trying to put some money away in the hope that they can have their first World Cup experience,” he said.

“Fifa themselves have gone ahead to increase the number of teams so a lot more smaller football nations will get a chance to have themselves and their fans represented.

“It’s been overshadowed by pricing those same fans out of a chance to watch their country play at the World Cup.

“I have a feeling that quite a number of people within the next couple of months, are going to drop out of that desire to be at the next World Cup. Sadly. So sadly.”

Other nations could see their fans priced out.