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California's Housing Crisis Has Turned RVs Into Rental Properties
CNBC· 2026-02-22 16:01
This is our garden. This is my radish that I planted. This is Salena Alvarez's garden.It's a shared space at the back of the RV park where she lives with her boyfriend. They used to park their RV on the street until they moved here. We have 86 RVs here.I have a lot of people calling me, I need you to put more spaces at your RV park, it's not enough. Victoria Garibaldi runs the show here at the Berryessa Safe Parking site in San Jose. I do this because I myself was homeless as well.So I know what it's like t ...
What We Still Don’t Know About Trump Accounts
CNBC· 2026-02-21 15:00
My colleague Kate Dore and I have been covering Trump accounts since the 'big beautiful bill' passed last summer. While the concept behind these investment accounts is pretty straightforward, we still have a bunch of unanswered questions. I'm going to break down where our research has gotten us so far, and what we still don't know.When will Trump accounts open and when can eligible families expect to see the seed money. This is a simple question, but the answer is a little more complicated than we expected. ...
Supreme Court Says Trump’s Tariffs Are Illegal. Here’s What Happens Next
CNBC· 2026-02-21 01:46
The Supreme Court said essentially that the administration does not have the authority that it said it had to just unilaterally declare tariffs without congressional authorization. The Supreme Court's ruling on tariffs is deeply disappointing. The power to tax goes to the legislature.If you want to put on tariffs, you have to get a trade law passed. Certainly weakens Trump's hand, but it certainly doesn't mean that the tariffs are over. Broad tariffs that the president imposed, reciprocal tariffs and the so ...
Why New Balance sales are soaring while Nike falls
CNBC· 2026-02-19 19:00
New Balance just reported their 2020 financial results, and CNBC got an exclusive look at how the company performed before those results were released to the public. At a time when major sneaker brands like Nike are shrinking. You have New Balance coming in, actually growing sales, and that's because they've taken a 120 year old sneaker brand and made it cool again.With younger shoppers. And 2025, New Balance grew sales by 19% to 9.2% billion. And that is the fifth year in a row that they managed to grow sa ...
How tariffs are pushing America’s furniture industry to the brink
CNBC· 2026-02-19 17:16
The fate of President Donald Trump's so-called reciprocal tariffs could be determined by the Supreme Court as soon as tomorrow, but the furniture industry will be worse off regardless of that outcome. That's because Scotus will be ruling on the country-specific tariffs invoked under the International Emergency Economic Powers Act, or Ieepa, in April of 2025. Tomorrow's decision won't affect furniture imports like upholstered couches, kitchen cabinets and vanities that were slapped with 25% tariffs in the fa ...
United Airlines Overhauls MileagePlus Program — Here's What To Know
CNBC· 2026-02-19 12:45
Earning airline frequent flier miles is getting harder and more expensive. United Airlines is the latest carrier to be making big changes to its frequent flier program. The airline will soon give more miles to customers that have one of the carrier's co-branded credit cards over those that don't.The changes mark the biggest shakeup in the program in more than a decade. Starting in April, customers without one of the credit cards will earn fewer miles than those who have one, and those with the card are goin ...
How Much Will Your Tax Refund Increase In 2026?
CNBC· 2026-02-18 21:00
In July, we passed the largest tax cuts in American history, including no tax on tips, no tax on overtime, no tax on Social Security for our great seniors. President Trump made a lot of proclamations about tax policy in his campaign and now throughout his administration. And it's very important for taxpayers to check what the president has said.What the tax breaks do is reduce your taxable income, and perhaps you will pay less tax, but it's not an outright elimination of tax for any of those things. Most of ...
Can American Airlines turn itself around?
CNBC· 2026-02-16 17:00
American Airlines has promised Wall Street and travelers that 2026 will be a turnaround year. It’s been trailing its U.S. competitors Delta Air Lines and United Airlines in profits and reliability by a wide margin and has fallen behind in the race for premium air travel. ...
Inside The Crisis Facing U.S. Auto Giants
CNBC· 2026-02-15 16:01
Americans are paying more for nearly everything than they were a few years ago, but car prices have outpaced even inflation. I shopped around quite a bit. Before I was driving a Toyota Highlander, and the prices, it went up a lot.The average car price is nearly $50,000, a 30% increase over the past five years. Even so, automakers have resisted making cheaper ones. The Hemi is an icon.Even if you don't know what a Hemi is. You know the term, oh, it's got a Hemi. But in an effort to get greener, Ram's then ne ...
Why The OpenAI And Anthropic Rivalry Is Heating Up
CNBC· 2026-02-14 16:00
The gloves are coming off in the high-stakes rivalry between OpenAI and Anthropic as both companies race towards potential IPOs in late-2026. OpenAI’s move to introduce ads into ChatGPT setting off sniping between executives on both sides and a multi-million dollar Super Bowl ad promising Anthropic will not have ads in its Claude chatbot. This tension traces back to a 2020 split over AI safety between OpenAI and Anthropic co-founder Dario Amodei, but it has evolved into a brutal fight for the lucrative ente ...