WHY WARREN BUFFETT IS SUCH A BIG DEAL
The berkshire hathaway annual shareholders meeting, nicknamed the “woodstock for capitalists,” kicks off this weekend. but why is warren buffett, aka the “oracle of omaha,” such a big deal? cnbc’s charlotte morabito breaks it down. watch the 2024 berkshire hathaway annual shareholders me ..WHY MANY AMERICANS STILL FEEL BAD ABOUT THE ECONOMY DESPITE STRONG DATA
Take a moment to consider your financial situation: are you better or worse off financially than you were a year ago? do you think you'll be better off a year from now? and where do you see the country headed in the next five years? these are the kinds of questions used by the university of michiga ..HERE'S HOW FLOODPLAIN BUYOUTS WORK
The u.s. government is buying up and destroying american homes. homeowners in the floodplain are choosing to voluntarily sell their doomed properties to the government. watch the full video to find out how floodplain buyouts work and if they are helping or hurting american homeowners: https://youtu. ..WHY HUNDREDS OF U.S. BANKS ARE AT RISK OF FAILING
Across the u.s., hundreds of small and regional banks are feeling stressed and may be at risk of failure. of about 4,000 u.s. banks analyzed by the klaros group, 282 banks face stress from commercial real estate exposure and potential losses tied to higher interest rates. most banks facing risks are ..DO FED COMMENTS CAUSE TOO MUCH VOLATILITY IN THE STOCK MARKET?
A growing body of research shows how comments from federal reserve members move financial markets. longterm transparency efforts from the fed have resulted in more communication with the public today than ever before. but some argue that the fed's communication and forecasting framework may be contr ..BIDEN MAKES ANOTHER PUSH FOR TUITION-FREE COMMUNITY COLLEGE
President biden hasn’t not given up on the idea of free community college nationwide. unlike student loan forgiveness, free college is a better way to combat the college affordability crisis, some experts say. even though biden has yet to make college tuition-free at the federal level, the number ..CHINA’S LOOMING CRISES | CNBC MARATHON
Cnbc marathon examines china’s crises, encompassing real estate collapse, population decline, and soaring urban youth unemployment. china is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations. the world's second-most populous country also has a major ..HOW SHIPPING CONTAINERS CAN CRIPPLE THE GLOBAL ECONOMY
Yesterday was the birthday of the shipping container, marking 68 years of containerization that transformed global trade. on april 26, 1956, the first shipping containers made their maiden voyage! 🚢 more on how shipping containers impact the global economy here: https://youtu.be/dfmeypchfcgHOW WORKING FOR GOOGLE, AMAZON, AND MICROSOFT LOST 'DREAM JOB' STATUS
Despite blockbuster earnings from giants such as alphabet and microsoft, layoffs continue to ripple through the tech industry. layoffs.fyi, a platform monitoring job cuts in the tech sector, recorded more 263,000 job losses in 2023 alone. as of april 2024, there have been more than 75,000 job losse ..WHY U.S. CITIES ARE GOING BROKE
Spending cuts are abound in many u.s. cities as inflation lingers and pandemic-era stimulus dries up. at least 53 major cities have debt obligations that outstrip their assets, according to an estimate from truth in accounting. the group estimates higher debt burdens than many public officials repor ..THE EPA RELEASED NEW LIMITS ON ‘FOREVER CHEMICALS’ IN DRINKING WATER
The epa issued a new rule requiring water treatment facilities to remove some specific carcinogenic chemicals, commonly referred to as pfas or “forever chemicals.” compliance with the rule will cost about $1.5 billion annually, according to the epa, but other research suggests compliance could c ..WHY THE U.S. GOVERNMENT IS BUYING AND DESTROYING HOMES
The u.s. government is buying up and destroying american homes. homeowners in the floodplain are choosing to voluntarily sell their doomed properties to the government. since 1989, fema has helped fun around 45 to 50,000 home buyouts. fema is estimated to have spent somewhere around $4 billion on th ..HOW ROYAL CARIBBEAN AND CARNIVAL MADE A COMEBACK
Royal caribbean is leading the $61 billion cruise industry’s comeback. this comes just a couple of years after a 15-month pandemic era shutdown led to questions about whether the industry could ever recover. but the three public companies - carnival, royal caribbean and norwegian - are starting of ..WHO SHOULD PAY FOR THE FIRST DATE?
Here’s one question that seems to never go away: who should pay on the first date? we asked sex and relationship therapist dr. carli blau to weigh in — here’s what she said: https://cnb.cx/3q6sgxuCRYPTO WORLD: THE BITCOIN HALVING IS SET TO SHAKE UP THE CRYPTO’S PRICE A ..
The bitcoin halving takes place roughly every four years, and the technical event cuts the reward pays out to miners for validating blocks of transactions. this creates a scarcity effect that could drive up the price of the cryptocurrency, while cutting miners’ revenue, meaning more efficient mine ..47% OF PARENTS STILL FINANCIALLY SUPPORT ADULT CHILDREN. HERE'S HOW MUCH TH ..
Nearly half of parents with a child older than 18 provide them with at least some financial support, according to a recent report. for parents, however, supporting grown children can be a substantial drain at a time when their own retirement security is at risk. here's how to create boundaries and f ..WHY A $100,000 SALARY CAN’T BUY THE AMERICAN DREAM
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 adulthoo ..RICHARD BRANSON'S CRUISE LINE LAUNCHES MONTH-LONG CRUISE FOR REMOTE WORKERS
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 w ..WHY SO MANY EV COMPANIES FAIL
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 ..WHAT BIDEN'S NEW STUDENT LOAN FORGIVENESS PLAN MEANS FOR YOUR TAXES
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 ..THE RACE TO REGULATE AI
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 ..HOW U.S. MALLS SURVIVED THE DEATH OF DEPARTMENT STORES
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 t ..WHY KRAFT HEINZ IS WARREN BUFFETT'S WORST BET
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 ..WHY THE U.S. ECONOMY MAY HAVE A ‘DELAYED’ RECESSION: GARY SHILLING
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 ..DO YOU HAVE A JOINT ACCOUNT? HERE'S WHAT THAT SAYS ABOUT YOUR RELATIONSHIP
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 what ..WHY GAS IS SO EXPENSIVE IN CALIFORNIA
California is home to some of the highest gas prices in the united states, according to aaa. high taxes are partly to blame for the price of gas in the state. but there’s more to the story. for drivers who aren’t going electric, there are several ways to save on gas, experts say: https://youtu.b ..HOW LONG SHOULD YOU STAY AT YOUR JOB?
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 quickly on ave ..CRYPTO WORLD: HOW TOKENIZATION COULD SHAKE UP THE $52 TRILLION U.S. REAL ES ..
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 propert ..WHY THE BOEING 737 MAX HAS BEEN SUCH A MESS
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 fee ..WHY HYBRIDS ARE BEATING EVS IN THE U.S.
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 c ..HOW WILL THE CLIMATE CRISIS AFFECT THE U.S. ECONOMY | THE BOTTOM LINE
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 act ..HOW MAERSK IS NAVIGATING THE VOLATILE SHIPPING INDUSTRY
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 ..TECH WORKER GOES VIRAL AFTER POSTING HER LAYOFF ON TIKTOK
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: https://youtu.b ..WHY TIRE COMPANIES LOVE EVS
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 t ..NEW CFPB RULE CAPS BANKS' CREDIT CARD LATE FEES AT $8
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, the cfpb ..HOW SHIPPING CONTAINERS CONTROL GLOBAL TRADE
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 ..HOW CHINESE EV GIANT BYD IS TAKING ON TESLA
Warren buffett-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 beco ..WHY THE $183 BILLION VIDEO GAME INDUSTRY CAN'T QUIT MICROTRANSACTIONS
Correction: at 6:28, this video incorrectly attributed the source of the united kingdom's loot box protections guidance. it came from the government of the united kingdom. the video also misstated the number of countries where loot boxes are currently illegal. only belgium has laws currently in pla ..HOW TO FIX PUBLIC TRANSIT IN THE U.S. | CNBC MARATHON
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 america ..AIRBNB BANS USE OF ALL INDOOR SECURITY CAMERAS
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 mor ..DISNEY’S FIGHT TO SAVE ESPN FROM CORD CUTTERS | CNBC DOCUMENTARY
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 ..WHY CAR INSURANCE RATES ARE SKYROCKETING IN THE U.S.
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 ..INSIDE THE SHADOWY WORLD OF ORGANIZED RETAIL CRIME
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/lcf257vjfa8HOW TESLA BECAME THE MOST POPULAR CAR BRAND IN NORWAY
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. ..WHY THE FRENCH LOVE AMERICAN FAST FOOD
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. bu ..INSIDE AN EV-ONLY PARKING GARAGE IN NORWAY
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/ ..WHAT BROKE THE U.S. IMMIGRATION SYSTEM?
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 acces ..HOW THE SHADOWY WORLD OF ORGANIZED RETAIL CRIME WORKS
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 ..HOW ELECTRIC VEHICLES ARE UPENDING THE 100-YEAR-OLD AUTO SUPPLY CHAIN
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 AMTRAK FINALLY BRING HIGH-SPEED RAIL TO TEXAS?
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 ..