Why Dollar Stores Are Struggling

From CNBC. 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 as the dollar store industry…

Why American Cars Are So Expensive

From CNBC. 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 profits in 2023, slim margins combined with…

What A U.S. Economy Under Trump Will Look Like

From CNBC. 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

From CNBC. 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-newsletter Chapters: 0:00 Introduction 0:16 Knocking out competition 3:46 League…

Does The President Actually Control The U.S. Economy?

From CNBC. 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 president, according to Gallup. So…

Why 27 U.S. States Are Going Broke

From CNBC. 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 challenges of states. As that extra aid expires,…

Why Used Toyotas And Hondas Are So Expensive

From CNBC. 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 how they got here…

ESPN Chairman On Cord Cutting And Uncertain Future | Full Interview

From CNBC. 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 up for the newsletter: https://www.cnbc.com/lander?id=sport-newsletter Chapters: 0:00 Introduction…

Why Hermès Is Growing While LVMH And Gucci Decline

From CNBC. 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. Though the company is…

How United Airlines Is Trying To Compete With Delta

From CNBC. 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…

How China Uses Mexico To Avoid U.S. Tariffs

From CNBC. 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 Washington, an effort…

How Spirit Halloween became the ultimate pop-up

From CNBC. 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 company often targets struggling real estate to execute its niche…

Why China Is Testing Its Autonomous Cars On U.S. Roads

From CNBC. 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 quietly been testing their technology on U.S. streets. AV companies Didi,…

Why Meta And Snap Are Betting Big On AR Glasses

From CNBC. 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 investments. CNBC’s Julia Boorstin got to…

Americans love T.J. Maxx. Here’s why big brands do, too

From CNBC. 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 credit the brand for…

What Happened To 23andMe?

From CNBC. 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…

How Spirit Halloween Became A Billion-Dollar Business

From CNBC. 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 company often targets struggling real estate to execute its niche…

Why The Rich Keep Getting Richer In The U.S.

From CNBC. 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 dramatically, while…

Why the U.S. government is investigating Google

From CNBC. 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 antitrust lawsuits could lead…

How T.J. Maxx Disrupted The Retail Industry

From CNBC. 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 credit the brand for…

Will The U.S. Break Up Google?

From CNBC. 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 antitrust lawsuits could lead…

Ozempic Underworld — The Black Market Of Obesity Drugs

From CNBC. 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 appears to be based in Colorado,…

Why Jeep And Dodge’s Parent Company Stellantis Is Struggling

From CNBC. 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 and Chrysler. Critics—including its own…

Your Robotaxi Is Here, But Can You Trust It?

From CNBC. 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’s because residents in cities that have…

Why Macy’s And Other Brands Are Moving Into Strip Malls

From CNBC. 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 analytics company RetailStat shows annual visits…

How Amazon Is Trying To Get Rid Of Checkout Lines At Stores

From CNBC. 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 installed it in 200…

Why Middle Class Wages Aren’t Growing

From CNBC. 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 stagnation’. But more recently,…

Will Tesla Robotaxis Live Up To 10 Years Of Development And Hype?

From CNBC. 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 company are holding out…

How Investors Can Play The Stock Market Ahead Of The 2024 Election

From CNBC. 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, differences in Republican and Democratic…

Where Are Laid Off Tech Employees Going? | CNBC Marathon

From CNBC. 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 of Washington’s Foster School of Business. The…

Inside The First All-Female Hacker House In San Francisco

From CNBC. 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 living for students,…

How the Fed became the world’s most powerful central bank

From CNBC. 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 tightening, central bankers in the U.S.…

How Cava’s Bet On The Chipotle Model Is Paying Off

From CNBC. Fast-casual Mediterranean chain, Cava, has had an impressive first year since going public in June 2023. The company beat Wall Street expectations in every quarter and grew revenue by 35.2% in its second quarter 2024. Market cap has increased to over $14 billion, a more than 200% increase from its initial valuation. The…

Why Men Are Leaving The Workforce

From CNBC. Men have been steadily dropping out of the workforce – especially men aged 25 to 54, who are often considered to be in their prime working years. About 10.5% of men in their prime working years, or roughly 6.8 million men nationwide, are neither working nor looking for employment, compared to just 2.5%…

Why The WNBA Isn’t Profitable Despite Record-Breaking Year

From CNBC. The WNBA, led by its rookie star players, Caitlin Clark and Angel Reese, has experienced a record-breaking year in most categories including in attendance, viewership and merchandise sales. Three new expansion teams – San Fransisco, Toronto and Portland, and a $2.2 billion 11-year media rights deal with Disney, Amazon Prime and NBC are…

How Fed Rate Cuts Affect The Global Economy

From CNBC. 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 tightening, central bankers in the U.S.…

Why EU’s Tariffs Won’t Stop Chinese EVs

From CNBC. Critics say the European Union’s provisional tariffs on Chinese EVs could raise prices, reduce choice and slow the pace with which the EU meets its climate change mitigation targets. Some European automakers, especially those from Germany, oppose them. They also might not be high enough to actually stop the tide of Chinese imports.…

Why ChatGPT Creator OpenAI Is Having A Make Or Break Moment

From CNBC. In the next few months, ChatGPT-creator OpenAI will face some of its biggest tests yet. A high-profile partnership with Apple now that ChatGPT is built into the iPhone 16, It has a more than a $100 billion valuation and interest from big-name investors. It’s going through a restructuring of its complex hybrid for-profit…

Why Americans Are Going Back to Chili’s

From CNBC. Chili’s Grill and Bar is a casual dining chain that took America by storm in the early 2000s. From 2000-2008, its U.S. store count nearly doubled. But in the decade following the Great Recession, the nostalgic brand fell out of favor as sales grew stagnant and its store count declined. With the help…

Why Everyone Is Flocking To North Carolina’s Tech Hub

From CNBC. North Carolina’s Research Triangle – the area between Chapel Hill, Raleigh and Durham – has become one of the country’s fastest growing tech hubs largely thanks to its access to talent from some of the top universities in the country (Duke, North Carolina at Chapel Hill and North Carolina State) and low cost…