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Tesla Opened A Diner In LA — Here’s What It’s Like
CNBC· 2025-07-25 16:01
I'm here at the brand new Tesla diner in Hollywood, California and this is not your typical EV charging experience. The Tesla diner has 80 charging stations, two giant movie screens and classic American comfort food. Let's take a look around.It feels kind of like Disneyland, but for adults, or Tesla owners. I think these boxes are cute where you put the food and I like the vibe. It's very chill.Everyone seems friendly, very lively. Tesla is calling the design retro-futuristic. The metal exterior of the two ...
Why Even High Earners Are Living Paycheck To Paycheck
CNBC· 2025-07-24 16:01
Financial Perspective on "HENRYs" (High Earners, Not Rich Yet) - The feeling of needing $520,000 per year to feel rich is the average for many Americans, and this need increases with income [1] - Approximately 14% of Americans earn $200,000 or more annually, but many still do not feel rich [2] - 62% of individuals earning over $300,000 per year struggle with credit card debt, indicating that spending, not earning, drives the feeling of wealth [3] Lifestyle and Spending Habits - "HENRYs" often experience a disconnect between earning more and feeling financially secure due to not living within their means and lifestyle creep [4][5] - Lifestyle creep, the phenomenon of increased spending with increased income, impacts various tax brackets, with higher-income households increasing spending on both necessities and discretionary items [16][17][18][19] - Social circles influence spending habits, as individuals tend to spend in alignment with their friends' economic bracket, which can contribute to the feeling of not being rich [20][21] Strategies for Achieving Financial Well-being - Budgeting and financial planning are essential for "HENRYs" to feel rich and escape the "hamster wheel" [24] - Understanding one's net worth (assets minus liabilities) is the first step toward building wealth and achieving financial goals [25][26] - Building significant emergency savings (e.g., six months of expenses) is closely tied to financial well-being and the feeling of security [26][27] - Prioritizing values and discretionary spending, and rerouting excess funds to savings, can help individuals feel wealthier [29][30][31]
Why 3D printed houses are on the rise
CNBC· 2025-07-23 16:00
This is now the world's largest 3D printed community. 100 homes that they started on two years ago. The homes here start at just under $400,000.That's about comparable to other larger homes in the area. Holly Feings and her husband moved in just over a year ago. We realized, you know, it was really a safe home for two old folks.Single level, no stairs. Icon and LAR announced their plans to build this community in 2022. Since then, large-scale robots worked without a break, squeezing out homes like toothpast ...
How Airbus beat Boeing to become the world's biggest plane maker
CNBC· 2025-07-21 16:00
Market Competition - Airbus entered the commercial airplane market 56 years after Boeing, and together they comprise 76% of the world's fleet [1] - Airbus has surpassed Boeing in market dominance in recent years [1] Financial Performance & Backlog - Airbus has been profitable since the pandemic, while Boeing has not been profitable since 2018 [2] - Airbus's total backlog is 8,726 planes, compared to Boeing's 5,643, representing billions of dollars in revenue and an estimated 13-year completion time [2] Production & Deliveries - Since 2019, Airbus has delivered more planes annually than Boeing [3] - The Airbus A320 family could become the most produced jet family in history, depending on 2025 deliveries [5] Product Performance - The Airbus A321 is performing exceptionally well in terms of backlogs and orders [3][5] - The Boeing 737 was the world's bestselling narrow body until 2019, when the Airbus A320 surpassed it in total orders [5]
Why Companies Like General Mills And PepsiCo Are Betting On Protein
CNBC· 2025-07-20 15:00
Market Trends & Consumer Behavior - A 2025 Bain survey indicated that 44% of U S respondents desired increased protein intake, a 10 percentage point rise from 2024 [2] - Cargill's trend report revealed that 61% of consumers reported increasing their protein intake in 2024, up from 48% in 2019 [13] - Chobani found that 85% of Americans want to increase their protein intake in 2025 [27] - A study by Chomps found that protein snacks are growing at three times the rate of the overall snacking industry, accounting for $24 billion in 2024 [27] Company Strategies & Product Innovation - General Mills had 78 protein related patents published between 2020 and 2024, 50% more than five years prior [3] - Protein Pints experienced rapid growth, expanding from 14 stores to over 7000 nationally in less than a year and projecting revenue to $20 million this year [5][6] - Kellogg's and General Mills have incorporated protein into various categories, with a $100 million business in cereal and protein [9] - Barilla has seen double-digit demand growth in recent years for its protein-rich pasta [4] Industry Growth & Financials - The US protein market was estimated at $899 billion in 2019 and is projected to reach $1263 billion by 2028 [14] - Premier protein shakes accounted for over 80% of BellRing Brand's net sales in fiscal 2024, with its stock price up more than 200% over five years [18] - The protein pasta market has seen growth of 20% over the last three years, year over year, of which nearly 80% is coming from Barilla Protein Plus [20]
We Went To Canada To See The U.S. Product Boycotts — And What We Found Was Striking
CNBC· 2025-07-19 15:00
This section here traditionally would have been filled with U.S. corn. Customers love it because it's a great product. What started as a big display has been shrunk.In response to U.S. tariffs and President Trump's threats to annex Canada, 71% of Canadian consumers say they intend to buy fewer American products this year. That's having an impact. The US economy could lose up to 0.3% of its GDP, or about $90 billion, in 2025, due to the boycott of American goods and the decline in foreign tourism.Giancarlo M ...
Why Americans Love Gated Communities
CNBC· 2025-07-18 16:00
Market Trends & Drivers - Gated communities in Florida offer ease of living and maintenance-free paradise, attracting retirees, golfers, families, and young professionals [1][2][3][21] - The popularity of gated communities stems from a desire for privacy, exclusivity, and a perceived location premium [3][4] - Post-Great Recession, gated communities shifted towards marketing themselves as middle-class communities, emphasizing good schools [6] - A recent trend involves coupling gated communities with master-planned communities to increase economic and social diversity [20][21] Financial Aspects & Costs - Homes in gated communities are typically 5-10% more expensive than non-gated homes in the same area, potentially reaching 15-20% at the high end [12] - Additional costs include Homeowner's Association (HOA) fees and membership fees, which vary based on upkeep and amenities [4][13][15] - PGA National membership costs between $115,000 and $225,000, with additional fees [16] - A home in Frenchman's Reserve sold for $14 million in 2020 and is now listed for $36 million, representing a 5% higher appreciation rate than the national average [15] Drawbacks & Considerations - Gated communities can have restrictive HOA policies, potentially lacking diversity and limiting property owner autonomy [4][13] - HOA rules often restrict renting, making it difficult to use these homes as Airbnb or investment properties [17][18] - Some critique gated communities for being isolating and hindering social interaction with diverse backgrounds [19] Security & Amenities - While safety is a draw, the primary focus in the US is often controlling access to the community and its amenities [8][9] - Gated communities offer various amenities, including golf courses, spas, pools, restaurants, and fitness centers [10][11][12] - Frenchman's Reserve offers luxury amenities like an onsite spa, hair salon, nail salon, and a 24/7 weight room with personal trainers [12]
Why U.S. businesses are jumping on the Dubai chocolate craze
CNBC· 2025-07-17 16:00
Market Trend - Dubai chocolate bar, featuring pistachio paste, karif or shredded filo dough, and tahini, went viral in 2023, becoming a global phenomenon [1] - The scarcity of the original Dubai chocolate bar by fixed desserts spurred an explosion of dupes, copycats, and spin-offs [1] - Brands like Shake Shack, Crumble, Walmart and Trader Joe's are jumping on the bandwagon [2] Production & Demand - A small homegrown brand experienced a surge in demand, with thousands of new followers and international shipping inquiries [2] - The Nuts Factory in New York City, initially making hundreds of the viral bar by hand per day in July 2024, now produces thousands [3] - High demand led to products selling out within minutes [3]
How Blackstone Became One Of America’s Largest Landlords
CNBC· 2025-07-16 17:30
Real Estate Investment Strategy - Blackstone focuses on acquiring and improving assets, particularly in real estate, with a significant presence in rental housing [1] - The company concentrates its rental housing portfolio in Sunbelt regions like Texas, Georgia, and Florida, with a mix of apartments and single-family homes [2] - Blackstone invests heavily in improving properties, such as Stuyvesant Town, allocating $425 million in capital for upgrades [9] - The firm targets job and population growth areas globally for its investments, including the Sun Belt and coastal urban areas [19][20] Rental Market Dynamics and Challenges - Blackstone estimates owning less than 1% of available housing in each market where it operates [2] - Rising rents in many US cities, especially those with insufficient housing construction, are a key factor [3] - Rent control policies are seen as a risk, potentially leading to higher housing costs and discouraging new development [4][8] - High borrowing costs are making it more difficult for renters to become homeowners [22] Financial Performance and Investment Products - Blackstone generates revenue through asset management fees and performance/incentive fees [13] - Of Blackstone's $315 billion in real estate, approximately $55 billion is in the BREIT product, which is sold to retail investors [16] Affordable Housing Initiatives - Blackstone is expanding its presence in affordable housing, aiming to become the largest provider in the United States [26] - The company preserves affordable housing units by extending affordability through tax credit syndications and investing in communities [27]
Why Applebee's is struggling while Chili's thrives
CNBC· 2025-07-14 16:01
Market Trends & Competition - Chili's surpassed Applebee's in US systemwide sales in 2024 [1] - Chili's reported a 31% increase in sales and a 21% increase in traffic last quarter [1] - Applebee's existing locations have experienced sales declines every quarter for the past 2 years [1] Financial Performance & Valuation - Brinker International's (Chili's owner) stock price has increased over the past year [2] - Dine Brands' (Applebee's parent company) stock is down approximately 40% [2] - Dine Brands believes its stock is currently undervalued [2] Strategic Initiatives & Challenges - Applebee's needs to grow its number of restaurants and reinvigorate its brand to prove its potential to investors [3] - Chili's, being mostly company-owned, can more easily implement systemwide initiatives like restaurant renovations [3] - Applebee's is trying to encourage growth by cutting nearly 1 million dollars off the cost of building a new restaurant [4] - Applebee's is beginning to roll out combination locations with IHOP [5]