CNBC
From CNBC. More than half (52%) of Americans say they would need at least $100,000 a year to be financially comfortable, according to the August 2023 CNBC Your Money Survey. It’s becoming increasingly more difficult to achieve the American Dream, especially as younger generations are beginning their adulthood with thousands of dollars in student loans.…
From CNBC. Virgin Voyages is targeting a new type of traveler: remote workers. In March, the Miami-based cruise line owned by Sir Richard Branson introduced a month-long cruise called the “Scarlet Summer Season Pass.” It’s essentially four week-long cruises packaged together to appeal to remote workers who want to spend a month at sea in…
From CNBC. The EV revolution could bring more change to the automotive industry than since its founding, and the potential impact is a tempting proposition for entrepreneurs. But this business is not for the faint of heart and nothing like starting an app or a social media company. It takes billions of dollars to build…
From CNBC. President Joe Biden on Monday unveiled a new student loan forgiveness plan — and any of that relief dispensed in 2024 wouldn’t trigger a federal tax bill. But borrowers could still owe federal taxes on future forgiveness, experts say. Some states may also tax debt forgiveness received this year or in future years.…
From CNBC. Some businesses using new artificial intelligence tools have reported big gains in labor productivity. These AI assistants, backed by some of the biggest names in tech, could someday change how work gets done in the U.S. As the technology shuffles up white-collar work in the U.S., some policymakers are pitching ideas like 32-hour…
From CNBC. The American mall is alive and well. Department stores — which were historically the most important real estate in American malls — are a different story. U.S. department stores are struggling to compete against new online direct-to-consumer competitors and smaller brick-and-mortar retailers that have been able to keep up with the ever changing…
From CNBC. Nine years after its megamerger, food behemoth Kraft Heinz is facing challenging times amid slumping sales, high inflation, a shift away from processed foods and stiff competition. Despite $27 billion in annual sales, the company must keep innovating if it wants to compete with private-label brands such as Costco’s Kirkland or Wegmans’ various…
From CNBC. The U.S. economy may still face a “delayed” recession, says financial analyst Gary Shilling. “We’ve had more strength in employment than probably is commensurate with the state of business,” Shilling told CNBC. In this episode of “The Bottom Line,” Shilling talks about what may be next for the economy — from key indicators…
From CNBC. Couples who merge their finances fight less often about money than those who don’t, recent reports show. Experts say there’s generally not a right or wrong way for couples to manage their assets — as long as they are on the same page. Do you have a joint account with your partner? Here’s…
From CNBC. A majority of Americans, 95%, said they plan to look for a new job in 2024, according to a survey by job site Monster. Money’s a big part of this: 45% of American workers say they need a higher income. Data from the Federal Reserve shows that job switchers increase their salary more…
From CNBC. As the U.S. real estate market ballooned to $52 trillion dollars in 2023, according to Zillow, a growing number of start-ups think web3 can lower the barrier to entry for aspiring real estate investors. Lofty AI focuses on the rental market, allowing its customers to buy a stake in a rental property for…
From CNBC. Five years ago, 346 people were killed in two plane crashes that happened five months apart, in Indonesia and Ethiopia. Both were Boeing 737 Max 8 planes. Then, this past January, Boeing came inches from yet another catastrophe as a door plug blew off an Alaska Airlines 737 Max 9 plane at 16,000…
From CNBC. When Japanese automaker Toyota first brought hybrids to the U.S. in the early 2000s, they were at the cutting edge of green transportation. But soon after, EVs stole the spotlight. Elon Musk-led Tesla disrupted the auto industry and nearly every major legacy automaker scrambled to take part in the coming EV revolution. With…
From CNBC. As the climate crisis continues to pose a global threat, top economists are debating its effects on the U.S. economy. In this episode of “The Bottom Line”, see how renowned economists like Jeffrey Sachs and Mark Zandi forecast the economic impact. Chapters: 0:00 Introduction 0:41 Urgency of action 2:27 Economic implications 4:02 Role…
From CNBC. Each year, about 90% of world trade is transported by ship. While commodities like oil and grain make up 40% of that cargo, large steel containers, filled with appliances, smartphones, and couches, make up the remainder. Maersk, the world’s second largest container shipping company, transports about one in five of those containers. In…
From CNBC. The tech sector is having a big 2024. It’s a different story for tech workers, though. Watch the video to find out more about why tech workers may be poised to endure another rough year of layoffs, and why the surprising strength of the U.S. economy may not be coming to their rescue:…
From CNBC. The tire business can be a brutal one – low growth, low margins and extreme competition. Tire makers are at the mercy of ups and downs of raw material prices. About half of customers are largely indifferent to the brand of tires they buy. Price is the main differentiator. But industry analysts say…
From CNBC. The Consumer Financial Protection Bureau unveiled a new rule in March that it said would cap the typical late fee that banks charge customers at $8 per incident. By cutting late fees to $8 from an average of around $32, more than 45 million card users would save an average of $220 annually,…
From CNBC. Container shipping is responsible for moving 90% of the world’s goods, according to the World Economic Forum. But, if shipping containers aren’t at the right place at the right time, the global supply chain may face serious problems. It could result in high inflation, shortages of key materials and products as well as…
From CNBC. Warren Buffet-backed BYD dethroned Tesla in the fourth quarter of 2023 as the world’s top EV maker, selling more battery-powered vehicles than its U.S. rival. BYD was founded by Wang Chuanfu and started making batteries for mobile phones in the 1990s. By 2003, it pivoted to autos and now has become the top…
From CNBC. The video game industry cannot quit microtransactions. In fact, two of the largest video game companies in the United States — Electronic Arts and Take-Two Interactive — now make the overwhelming majority of their money from live-service games, subscriptions and in-game purchases, according to their recent earnings reports. Microtransactions are purchases that users…
From CNBC. CNBC Marathon examines the growing list of problems that U.S. public transit is facing and potential solutions to fix them. Public transit in the U.S. is notorious for being infrequent and unreliable. Americans had to wait 17 minutes on average to get on public transit in 2022, while 45% of Americans have no…
From CNBC. Airbnb is banning use of all indoor security cameras in properties listed on its platform. It will also restrict the use of outdoor cameras and noise monitoring devices. The company said the changes “follow extensive consultation with guests, hosts, privacy experts and advocacy groups.” Read more here: https://cnb.cx/3veI25p
From CNBC. For more than 40 years, ESPN has reigned supreme as the king of sports media. Growing its business by consistently raising the price of its fee to cable TV providers, ESPN now generates more than $16 billion in annual revenue. But the business of media is changing rapidly. In the past decade, about…
From CNBC. Car insurance has gotten expensive. In the U.S. the average annual premium for full coverage car insurance rose 26% to $2,543 compared to last year, according to Bankrate. Fewer auto mechanics, a tighter supply of used vehicles and increased health care bills are fueling rising prices. Cars are also costlier to fix and…
From CNBC. In an exclusive investigation, CNBC goes inside the shadowy world of organized retail crime, revealing what authorities say is a crime ring that stole millions of dollars of beauty items ending up for sale online. Watch it now on Youtube: https://youtu.be/lcF257VjFa8
From CNBC. Norway has had massive success with EV adoption, with 82% of new cars sold in the country last year being electric. This high adoption rate can be attributed to the generous subsidies that Norway has offered to electric vehicle owners as well as the country’s investment in charging infrastructure. Tesla’s sales in Norway…
From CNBC. Despite its reputation for gastronomy, France has become an American fast-food mecca. Between 2019 and 2023, more than 1,300 fast-food restaurants opened in the country, and over the past decade, sales increased by 61%. McDonald’s has the biggest stronghold because of its first-mover advantage. But Burger King, Domino’s Pizza, KFC and Five Guys…
From CNBC. Norway boasts the highest electric vehicle adoption rate in the world. 82% of new car sales were EVs in Norway in 2023. CNBC flew across the globe to meet with experts, government officials and locals to find out how the Scandinavian country pulled off such a high EV adoption rate: https://youtu.be/R5DbRyeZNRk
From CNBC. 2023 saw record-breaking numbers of migrant crossings at the southwestern border, with Border Patrol reporting nearly 250,000 encounters in December alone. But today, less than 1% of those looking to reside permanently in the U.S. can do so legally, according to CATO. The Transactional Records Access Clearinghouse estimates that the immigration court currently…
From CNBC. CNBC goes inside the shadowy world of organized retail crime, revealing how a crime ring stole millions of dollars of beauty items that ended up for sale on Amazon, according to authorities. For months, we got exclusive access to major investigations by the California Highway Patrol, making arrests and serving search warrants. Ulta…
From CNBC. Companies that make parts for internal combustion engines are facing a harsh future. Revenues for ICE cars, and fuel and exhaust systems are all expected to decline 44% through 2027. While the parts themselves are changing, the pie is also shrinking. Qill EVs kill the thousands of auto suppliers or can they find…
From CNBC. After decades of research, the U.S. remains without authentic high-speed rail options. Federal planners believe that a route connecting major cities in Texas may be an ideal fit. In 2014, a group organized under the name Texas Central announced plans to connect Dallas to Houston with a bullet train that travels more than…
From CNBC. The Sony PlayStation changed the gaming industry’s landscape when it was introduced to players 30 years ago. The PlayStation 2 went on to become best-selling console of all time, a title it still holds today. But the company has its fair share of challenges ahead with the ever-changing gaming sector. Just last year,…
From CNBC. Athletic Brewing Co. is a mid-sized craft brewing company based out of Milford, Connecticut. Like most craft brewing operations Athletic Brewing pumps out IPAs, Dark Beers, Lite Beers, Hazy, some special edition, maybe even a fruity offerings during the summer. Like other breweries you’ll find huge industrial barrels of hops and wheat, maybe…
From CNBC. Drivers in California are no strangers to pain at the pump. The state is home to some of the highest gas prices in the United States. There are several factors that go into what drivers pay at the pump, including refining costs, distribution and marketing, taxes and crude oil prices. High taxes are…
From CNBC. Many homeowners in the U.S. are losing their home insurance policies. Watch the video to learn more about why homeowners are receiving non-renewal notices and what that means for the U.S. real estate market: https://youtu.be/xw8fpEpwMzA
From CNBC. Fisker, the EV startup founded by renowned Danish car designer, Henrik Fisker, is struggling. The Fisker name became a cautionary tale for much of the automotive world after his first company, Fisker Automotive, ended in bankruptcy. Now, he is trying again, with a new company bearing an almost identical name and logo. The…
From CNBC. The recent surge of migrants has put major cities across the U.S. under significant financial pressure. Watch the video above to see just how much financial pressure cities across the U.S. are facing due to the ongoing migrant crisis: https://youtu.be/O5w9rTvlgTM
From CNBC. CNBC Marathon explores the decline of electric vehicle sales and its implications. In August 2023, it took about twice as long to sell an EV in the U.S. as it did the previous January. Prices of EVs are down 22% year-over-year and that’s mainly driven by Tesla. About two thirds of EVs sold…
From CNBC. In this full interview, CNBC’s Julia Boorstin sits down with Peacock president, Kelly Campbell, to discuss its deal to exclusively stream the NFL’s AFC Wild Card game between the Kansas City Chiefs and the Miami Dolphins, as well as the importance of sports in its streaming strategy. Produced and Shot by: Andrew Evers…
From CNBC. When investors think of the financial markets, the first thing that likely comes to mind is the stock market. But there is a bigger, less-flashy counterpart to the equity market: the bond market. At the heart of the fixed income space lies U.S. Treasurys, one of the safest investments in the world. "We…
From CNBC. Norway boasts the highest electric vehicle adoption rate in the world. 82% of new car sales were EVs in Norway in 2023. CNBC flew across the globe to meet with experts, government officials and locals to find out how the Scandinavian country pulled off such a high EV adoption rate: https://youtu.be/R5DbRyeZNRk
From CNBC. CNBC Marathon explores the business of airline amenities and how airlines are working to improve them. Over the past couple of years, airlines and credit card companies like American, United, Chase and Capital One are investing millions into expanding their airport lounge networks for customers. However, lounges have become so popular that some…
From CNBC. While Americans are eager to buy a timeshare, 85% regret their purchase, according to a study. In the past three years, more than 3,000 Americans have filed complaints against the three largest public companies through the Better Business Bureau. Watch the full video to learn more about why it is so hard to…
From CNBC. Hyundai Motor Group is the 3rd largest automaker in the world by volume. In the 1990s, it suffered low sales and a reputation for low quality. Now its three auto brands – Hyundai, Kia and Genesis – are nipping at the heels of well established competitors, and winning award after award. While Tesla…
From CNBC. The ongoing migrant crisis is unprecedented, both in scale and the impact it’s had beyond the border states to cities located deep within the country. Major cities like New York, Denver, and Chicago are finding themselves under extreme financial pressure, exacerbated by the lack of federal funding or assistance. So just how long…
From CNBC. The tech sector is having a big 2024. Nvidia just crushed earnings expectations. The AI boom remains in full swing. The tech-heavy Nasdaq index is up more than 8 percent year-to-date. The U.S. economy is also doing surprisingly well, adding 353,000 jobs in January, well ahead of economists’ forecasts. Hotter-than-expected inflation data may…
From CNBC. Major insurers like State Farm and Allstate are no longer offering new policies in California. State Farm attributes this to increased wildfire risk, inflation and other challenges in the region. Watch the video to learn more about why homeowners are receiving non-renewal notices and what that means for the U.S. real estate market:…
From CNBC. Public transit in the U.S. is notorious for being infrequent and unreliable. And while the U.S. spends billions in funding every year, transits across the nation like the MTA, RTA and SEPTA are finding themselves in a fiscal crisis. So just how did public transit in the U.S. get so awful? And can…
From CNBC. With annual sales of $11.6 billion as of December 2023, Nescafé is Swiss-based food giant Nestlé’s largest coffee segment. Sold in over 180 countries, one in seven cups of coffee consumed worldwide is a Nescafé. Globally about 3 billion cups of coffee are consumed each day and that number is expected to rise.…
From CNBC. To date, only five nations, the U.S., Russia, China, Japan and India, have completed a successful soft landing on the moon. But bolstered by evidence of the presence of water and other natural resources, many more nations and private companies are now seeking to get to the moon. And whoever is able to…
From CNBC. It may come as a surprise that Monster Beverage Corporation, which sells Monster Energy drink, is the best-performing U.S. stock in 30 years, even over tech giants such as Google, Apple, Nvidia and Microsoft. The company has been run by South African billionaires Hilton Schlosberg and Rodney Sacks since they acquired Hansen Natural…
From CNBC. Norway boasts the highest electric vehicle adoption rate in the world. 82% of new car sales were EVs in Norway in 2023. In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. The Norwegian government started incentivizing the purchase of EVs back in…
From CNBC. Food delivery is a booming business in 2024. There’s one food delivery trend, however, that hasn’t gone along for the ride: ghost kitchens. Once a pandemic darling that raised more than $3 billion in venture funding, the ghost kitchen industry is falling short of lofty expectations. Euromonitor International estimated that the ghost kitchen…
From CNBC. Wonder Bread’s annual sales sits around half a billion dollars for its owner Flowers Foods, despite healthier alternatives like whole grains and sourdough dominating the fragmented U.S. bread industry. Watch the full video to learn more about how the once beloved American staple has stuck around a century later: https://youtu.be/xptUVqwX0h0
From CNBC. What was once considered a sports pariah now hosted Super Bowl 58, the biggest U.S. sporting event of the year, and the event comes less than three months after the city held a Grand Prix Formula One race. That’s not all — Las Vegas now boasts two new entertainment facilities, the Sphere and…
From CNBC. Americans drank an estimated 517 million cups of coffee daily in 2022 spending almost $110 billion on the beverage that year. Cold brews, expresso-based beverages and perfectly roasted beans are among the top drinks for today’s coffee aficionados trying to get their caffeine fix. But one segment of the U.S. market has given…
From CNBC. The NFL isn’t just the most popular sports league in the U.S., it’s also the most valuable with the highest-rated programming and the priciest ad time. Now, its jump into streaming is having ripple effects across the media and tech landscape. Find out how streaming is changing the business of the NFL: https://youtu.be/Pzg7aN0SOVM
From CNBC. The direct-to-consumer boom is coming to an end. A once bustling group of companies, backed by billions in venture capital funding, saw a record year for IPOs in 2021. Now, three years later, most of those direct-to-consumer companies still don’t have a clear path to profitability. Now many of these so-called DTC darlings…