WHY AMERICANS LOVE ICED COFFEE
Americans spent more than $17 billion on iced coffee, cold brew and frozen coffee drinks in 2023, which is doubled the amount spent in 2016. the largest u.s. coffeehouse chain, starbucks, reported that cold drinks accounted for 76% of its beverage sales in its fiscal 2024 third quarter. the national ..CAN A PRESIDENT FIX THE U.S. ECONOMY?
Half of americans believe the result of the 2024 presidential election will directly affect their personal finances, according to a survey. but experts say the president’s power over the economy might be greatly exaggerated. watch the full video: https://youtu.be/74egrt7cjmaWHY SO MANY YOUNG ADULTS ARE STILL LIVING WITH THEIR PARENTS IN THE U.S.
Roughly one in three u.s. adults aged 18-34 live with their parents, 2024 census data shows — a trend sustained over two decades despite economic shifts. experts say these economic shocks have left young adults financially vulnerable, with many staying home to save for goals like homeownership. fo ..WHY THE U.S. ISN’T GROWING ENOUGH FOOD
The number of u.s. farms and what they grow for human consumption have been on a decline for decades. instead, federal funding has been largely supporting farms growing commodities like soybeans and corn, mainly used to feed livestock, processed foods and biofuel production. u.s. imports of fresh fr ..MINNESOTA VIKINGS OWNER AND PRESIDENT MARK WILF ON POLITICS IN THE NFL AND ..
The cnbc sport videocast brings you interviews with the biggest names in the business. in episode 4, cnbc's alex sherman sits down with minnesota vikings, orlando city soccer club and orlando pride owner mark wilf who discussed sports team ownership; politics and private equity in the nfl. sign up ..WHAT PRIVATE EQUITY WILL MEAN FOR THE NFL
In august 2024, nfl owners voted in favor of allowing private equity firms to invest in teams for the first time in its storied history. it was a long time coming as peer leagues such as the mlb, the nba and the nhl began accepting minority-share investment by private equity firms beginning in 2019. ..META AND SNAP BOTH UNVEILED AUGMENTED REALITY SMART GLASSES
Meta and snap are the first major players to unveil prototypes for ar glasses. but they’re still years away from selling those devices to consumers. cnbc's julia boorstin has a closer look at the future of ar glasses. watch the full video here: https://youtu.be/kut6ktzsevcARE COMPANIES ‘QUIET QUITTING’ DEI INITIATIVES?
As companies navigate a politically charged climate in 2024, many are scaling back their dei initiatives. while many fortune 1000 companies committed to dei after george floyd’s death in 2020, major corporations like google, meta, lowes, tractor supply and ford are retreating amid conservative pre ..WHY DOLLAR STORES ARE STRUGGLING
Dollar general and dollar tree, which also owns family dollar, brought in about $70 billion combined in sales in fiscal 2023. both companies have historically been wall street darlings, outperforming the broader market for much of the past decade. but the past two years have played out differently a ..WHY AMERICAN CARS ARE SO EXPENSIVE
Cars once promised independence and transportation for all americans. now, they are a luxury product that cost about $50,000, nearly 30% higher than just a few years ago. affordable vehicles, especially those below the price of $20,000, have nearly disappeared. and while automakers pulled in record ..WHAT A U.S. ECONOMY UNDER TRUMP WILL LOOK LIKE
President-elect donald trump, is set to inherit the world’s leading economy. on the campaign trail, he offered many ideas for the future. one plan called for leaving about 93 million americans off the hook for at least part of their income taxes. trump has also called for tariffs of 10% to 20% on ..TKO GROUP COO MARK SHAPIRO ON UFC MEDIA RIGHTS, VINCE MCMAHON AND GAMBLING
The cnbc sport videocast brings you interviews with the biggest names in the business. in episode 3, cnbc's alex sherman sits down with tko group coo mark shapiro who discussed future technology, ownership and future of sports media. sign up for the newsletter: https://www.cnbc.com/lander?id=sport- ..WHY HOMEOWNERS AND RENTERS ARE STRUGGLING IN THE U.S. | CNBC MARATHON
With increasingly high rental prices, insurance companies dropping coverage, and overly restrictive homeowners associations (hoas), americans face a multitude of challenges on the path to homeownership. cnbc marathon explores how the rise of hoas, the climate crisis, and limited housing supply affec ..DOES THE PRESIDENT ACTUALLY CONTROL THE U.S. ECONOMY?
According to a survey by financial services company empower, 50% of americans believe that the result of the 2024 presidential election will directly impact their personal finances. and about 99% of voters say that the economy is at least somewhat important in influencing their vote for the next pre ..WHY MIDDLE CLASS LIFE IS BECOMING UNAFFORDABLE FOR AMERICANS
As of june 2024, 65% of middle-class americans say they are struggling financially and don’t expect their situation to improve for the rest of their lives. so how has the middle-class life that’s idolized by so many american families become so unaffordable? and what role does policy play in solv ..WHY 27 U.S. STATES ARE GOING BROKE
27 state governments lack the necessary cash on hand to pay their bills, according to researchers. the debts largely relate to the public pension system, which provides lifetime benefits to state and local government employees. $800b in federal aid during the pandemic obfuscated the long-term challe ..WHY THIS NYC BAR WANTS TO TURN DONALD TRUMP AND KAMALA HARRIS INTO BITCOIN ..
New york city bar pubkey made a name for itself in the crypto community as a meeting place for bitcoin enthusiasts, advocates and industry members. in the 2024 election, its owners are hoping the bar will play a pivotal role for political candidates looking to reach crypto-focused voters. former pre ..WHY USED TOYOTAS AND HONDAS ARE SO EXPENSIVE
Toyota and honda have been called boring brands – sometimes even by company insiders. but a combination of reliability, disciplined production and pricing help them hold their value better than just about any other brand. the same is true of their luxury divisions lexus and acura. cnbc digs into h ..ESPN CHAIRMAN ON CORD CUTTING AND UNCERTAIN FUTURE | FULL INTERVIEW
The cnbc sport videocast brings you interviews with the biggest names in the business. in episode 2, cnbc's alex sherman sits down with espn chairman, jimmy pitaro, who discussed challenges ahead including cord cutting, talent acquisition, new streaming platform and the future of sportscenter. sign ..HOW ELON MUSK MIGHT BECOME THE WORLD'S FIRST TRILLIONAIRE
Elon musk is on track to becoming the world's first trillionaire by 2027, according to a report from informa connect academy. the biggest driver of musk's wealth has been tesla stock and his ownership of spacex. federal reserve data shows the share of wealth controlled by the top 1% has grown dramat ..WHY OPENAI CEO SAM ALTMAN IS IN POSITION TO SHAPE AI POLICY, NO MATTER WHO ..
Come election day, the future of big tech won’t be decided by either presidential candidate. instead, openai co-founder and ceo sam altman has emerged as one of the most powerful people shaping ai policy. the man behind chatgpt has put on a masterclass in wooing washington, learning from mark zuck ..WHY THE AMERICAN DREAM BECAME UNAFFORDABLE FOR THE MIDDLE CLASS
As of june 2024, 65% of middle-class americans say they are struggling financially and don’t expect their situation to improve for the rest of their lives. meanwhile, 72% of middle-income families say they are actively cutting back on non-essential expenses, with nearly half cutting back or pausin ..NBA COMMISSIONER ON THE MEDIA RIGHTS DEAL, NEW TECH AND WNBA’S GROWTH | F ..
The cnbc sport videocast brings you interviews with the biggest names in the business. in episode 1, cnbc's alex sherman sits down with nba commissioner adam silver, who discussed the league's breakup with tnt as a media partner, the changes that could come to the league in the years ahead and the w ..WHY HERMèS IS GROWING WHILE LVMH AND GUCCI DECLINE
French luxury company, hermès, has managed to achieve the ultimate goal of luxury: keep demand high and supply low. in its q3 2024 earnings, the company posted double digit sales and revenue growth of 11% and 14% respectively. competitors like lvmh and gucci owner, kering, were in the negative. tho ..HOW UNITED AIRLINES IS TRYING TO COMPETE WITH DELTA
United airlines has been flying for nearly a century and has grown to be one of the biggest airlines in the world. its stock is the best-performing of the u.s. airlines so far this year. it wants to be the most profitable, too, a position that’s been held by delta air lines for several years. cnbc ..HOW CHINA USES MEXICO TO AVOID U.S. TARIFFS
For the first time in more than two decades mexico overtook china as the largest importer of goods to the u.s. mexican goods imported to the u.s. totaled $475 billion in 2023 about $20 billion higher than the previous year. feuling that trend are simmering trade tensions between beijing and washing ..HOW SPIRIT HALLOWEEN BECAME THE ULTIMATE POP-UP
Spirit halloween occupies more than 1,500 storefronts and hires around 50,000 seasonal workers for just a few months of business. spencer spirit holdings, which includes spirit halloween and long-time mall retailer spencer's, brings in $1.87b of annual revenue, according to moody’s ratings. the co ..WHY CHINA IS TESTING ITS AUTONOMOUS CARS ON U.S. ROADS
Chinese companies are aggressively developing autonomous vehicles. in august, the country announced that it had issued 16,000 test licenses for driverless cars and opened around 20,000 miles of roads in china for autonomous vehicle testing. but china-based autonomous vehicle companies have also quie ..WHY META AND SNAP ARE BETTING BIG ON AR GLASSES
In september, meta and snap both unveiled augmented reality smart glasses. meta ceo mark zuckerberg and snap ceo evan spiegel said ar glasses could be the next generation of computing. the tech giants are the first major players to showcase prototypes following years of r&d and significant investmen ..AMERICANS LOVE T.J. MAXX. HERE’S WHY BIG BRANDS DO, TOO
Over the past decade, tjx companies has nearly doubled its annual sales, crossing the $50 billion mark in fiscal 2024. consumers are drawn to t.j. maxx, marshalls and homegoods for their ability to find name brands at a discount and the treasure hunt-like nature of its shopping experience. experts c ..WHAT HAPPENED TO 23ANDME?
23andme was one of the hottest startups of the 2000s, once valued at $6 billion. the company’s dna test kits became a viral sensation and powerful research tool for those hoping to learn more about their ancestry and health. but today, it has lost 98% of its value and is on the verge of being deli ..AMAZON HAS A COUNTERFEIT PROBLEM — HERE’S HOW IT’S FIGHTING BACK
Counterfeits have always been a problem on amazon, but they became more common after an influx of chinese-based sellers joined in 2015, causing brands like nike and birkenstock to quit selling directly on the site. in 2020, amazon launched the counterfeit crimes unit, which joined law enforcement on ..HOW SPIRIT HALLOWEEN BECAME A BILLION-DOLLAR BUSINESS
Spirit halloween occupies more than 1,500 storefronts and hires around 50,000 seasonal workers for just a few months of business. spencer spirit holdings, which includes spirit halloween and long-time mall retailer spencer's, brings in $1.87b of annual revenue, according to moody’s ratings. the co ..WHY THE RICH KEEP GETTING RICHER IN THE U.S.
Elon musk is on track to becoming the world's first trillionaire by 2027, according to a report from informa connect academy. the biggest driver of musk's wealth has been tesla stock and his ownership of spacex. federal reserve data shows the share of wealth controlled by the top 1% has grown dramat ..WHY THE U.S. GOVERNMENT IS INVESTIGATING GOOGLE
In august 2024, a federal judge determined that the online search giant google is a monopolist that wields its power to stifle competition. the court opinion builds on years of investigation into one of the most valuable companies in the u.s. stock market. some observers believe the raft of antitrus ..HOW A RARE TYPE OF MORTGAGE IS LANDING HOMEBUYERS A 3% MORTGAGE RATE
Popular in the 1970s and 80s assumable mortgages have largely fallen out of the public consciousness. but as u.s. mortgage rates plateau above 6%, interest in this rare type of mortgage has seen a steady climb over the past three years. now, u.s. homebuyers are looking into mortgage assumption as a ..HOW T.J. MAXX DISRUPTED THE RETAIL INDUSTRY
Over the past decade, tjx companies has nearly doubled its annual sales, crossing the $50 billion mark in fiscal 2024. consumers are drawn to t.j. maxx, marshalls and homegoods for their ability to find name brands at a discount and the treasure hunt-like nature of its shopping experience. experts c ..WILL THE U.S. BREAK UP GOOGLE?
In august 2024, a federal judge determined that the online search giant google is a monopolist that wields its power to stifle competition. the court opinion builds on years of investigation into one of the most valuable companies in the u.s. stock market. some observers believe the raft of antitrus ..OZEMPIC UNDERWORLD — THE BLACK MARKET OF WEIGHT LOSS DRUGS
A cnbc investigation finds that novo nordisk’s ozempic and wegovy as well as other wildly popular obesity drugs are being actively counterfeited and illegally diverted from other countries in open marketplaces online and shipped at cut rate prices to the u.s. we uncover one such company that appea ..WHY JEEP AND DODGE’S PARENT COMPANY STELLANTIS IS STRUGGLING
Merging some of america’s legacy car brands with big european ones made stellantis the world’s fifth largest automaker in 2021. but just a few years after the merger closed, stellantis is struggling, and its troubles lie specifically with is north american business – home to jeep, ram, dodge a ..YOUR ROBOTAXI IS HERE, BUT CAN YOU TRUST IT?
Driverless cars are speeding onto america’s streets, but whether the public will trust robotaxis remains an open question. nearly two-thirds of americans said they would not want to ride in a driverless passenger vehicle if they had the opportunity, according to a pew research center survey. that ..WHY MACY’S AND OTHER BRANDS ARE MOVING INTO STRIP MALLS
U.s. adults make about 1.3 billion visits to shopping centers each month or about 62 trips per person annually, according to the international council of shopping centers. while some outlets, like malls, have struggled to retain shoppers, foot traffic to strip malls is booming. data compiled by an ..HOW AMAZON IS TRYING TO GET RID OF CHECKOUT LINES AT STORES
When amazon first launched its "just walk out" cashierless checkout solution in 2018, analysts say it had the potential to revolutionize retail. but in april, amazon pulled the tech from whole foods and its u.s. line of fresh grocery stores. instead, amazon focused on selling it to outsiders and ins ..WHAT’S KEEPING MIDDLE CLASS SALARIES LOW?
Between 1979 and 2024, productivity in the u.s. soared by 80.9%, while hourly pay grew by just 29.4% during the same period. in june 2024, two-thirds of middle-income households reported that their income was falling behind the cost of living. this trend has often been referred to as ‘wage stagnat ..WILL TESLA ROBOTAXIS LIVE UP TO 10 YEARS OF DEVELOPMENT AND HYPE?
For a decade, elon musk has championed the idea that one day tesla cars will drive themselves as robotaxis. on october 10, the company plans to reveal a “dedicated robotaxi” design at an invitation-only event in los angeles. despite years of bold predictions and missed deadlines, fans of the co ..HOW INVESTORS CAN PREPARE THEIR PORTFOLIOS FOR THE 2024 ELECTION
With about a month to go until the 2024 presidential election, investors are bracing for potential volatility in the markets as uncertainty looms over whether former president donald trump or vice president kamala harris will win in november. with 62% of u.s. adults invested in the stock market, dif ..WHY WNBA PLAYER SALARIES LAG DESPITE THE LEAGUE'S RISING POPULARITY
The wnba has enjoyed some of the fastest growth a sports league has ever seen, thanks in large part to superstar rookies caitlin clark and angel reese. yet the league is far from profitable and the two superstar rookies make just over $70,000 in base salary. the recent 11-year, $2.2 billion media r ..WHERE ARE LAID OFF TECH EMPLOYEES GOING? | CNBC MARATHON
Cnbc explores challenges currently facing u.s. tech workers, including mass layoffs, widespread cuts in company budgets, and threats of deportation for h-1b visa holders. "the layoffs to the start of 2024 signal a dramatic shift in the tech industry," said jeff shulman, professor at the university ..INSIDE THE FIRST ALL-FEMALE HACKER HOUSE IN SAN FRANCISCO
Hackher house is one of the first all-female hacker houses in the san francisco bay area, aimed at empowering women in tech. located in north beach, hackher house was home this summer to seven women, all of whom share the goal of launching successful ventures in tech. the house provides affordable ..HOW THE FED BECAME THE WORLD’S MOST POWERFUL CENTRAL BANK
The federal reserve manages interest rates to influence financial conditions within the united states. but those decisions can also affect the posture of other central banks because many aspects of international finance rely on u.s. dollars. as the world moves away from a global round of economic ti ..