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How Walmart’s Lax Marketplace Vetting Came With Growth And Scams
CNBC· 2025-09-19 16:01
Just down the street from Chicago's iconic Wrigley Field is Dimo's Pizza. Known for serving up slices to hungry baseball fans, its menu has classics like pepperoni pies to creative combos like chicken and waffles. What's not on the menu.Luxury beauty products. But here's Dimo's Pizza selling Lancome face cream on Walmart's online marketplace for just $25.99%, a 91% discount from its typical retail price of $280. Just to be clear, you don't have a side hustle selling beauty products on Walmart.com, right. I ...
How did the U.S. become so dependent on SpaceX?
CNBC· 2025-09-18 16:00
3 2 1 zero ignition. Liftoff. >> SpaceX has become synonymous with US space supremacy.>> SpaceX is irreplaceable as a national asset. >> Right now, SpaceX is just completely dominant, but it's dominant cuz it's the best. >> For years, the US government and SpaceX have had a mutually beneficial relationship.The government used to have its own space program, its own shuttle programs, but those were retired. And now the government looks to SpaceX for those capabilities. So without SpaceX, the government cannot ...
Why Jobs Are Disappearing In The U.S.
CNBC· 2025-09-17 18:05
Hiring Trends - The United States is experiencing a slowdown in new job creation [1] - Younger individuals face challenges in securing software development and marketing positions, potentially due to AI augmentation or replacement [1] Economic Policy & Impact - Businesses are navigating rapidly evolving federal policies related to taxes, trade, and immigration [1] - The Federal Reserve has reduced short-term lending rates to stimulate economic growth, despite inflation exceeding ideal levels [1]
How the state and local tax deduction affects homeowners
CNBC· 2025-09-16 16:01
The state and local tax deduction lets families lower their federal taxable income by the amount of money they already paid to state government and local government. That includes state income tax, sales tax, and property tax. >> Those taxes were fully deductible, and that took care of roads, bridges, school districts, etc. >> Prior to 2017, it was unlimited.All dollars taxed by state and local governments weren't subject to federal tax. that ended in 2017 when Congress capped the deduction at $10,000. It's ...
How Chinese Luckin Is Taking On Starbucks In the U.S.
CNBC· 2025-09-15 16:38
China's largest coffee chain, is taking on the US. At the beginning of September 2025, just two months since its launch, Luckin had opened five stores in New York City. The coffee giant has only been around since 2017, but it's become a dominant force in its domestic market with almost all of its 26,000 locations in China.For reference, Starbucks has just under 8000 in China and about 17,000 in the US. CNBC visited one of the first lock in locations in New York. It had a number on the coffee counter 00002.T ...
Why Americans Love 'Buy Now, Pay Later' — And Banks Don’t
CNBC· 2025-09-14 15:01
The consumer use of buy now, pay later continues to grow. Many, many consumers and all segments are using it. It's become pretty ubiquitous on online shopping at checkout and also is offered in many stores.Buy now, pay later plans are changing consumer spending habits by allowing purchases to be split into short term, typically interest free installments offering an alternative to credit cards. Credit isn't new. Credit's been around for thousands of years, and credit cards aren't new, but they've had a hard ...
The $1.6 Billion Plan To Fix The Panama Canal’s Drought Problem
CNBC· 2025-09-13 15:00
The Panama Canal is one of the world's most vital shipping routes. About 14,000 vessels transit the waterway annually, including about 40% of all U.S. container traffic. But recent droughts have plagued the artery.A drought in 2023 and 2024 forced the canal's operator, the Panama Canal Authority, to enact weight restrictions and limit vessel transits to 18 ships per day. About 36 ships crossed the canal daily. The drought was Panama's worst in over 70 years.But how does a 50 mile long waterway connected by ...
How Trump's Tariffs Are Impacting U.S. Farmers — It's Not All Bad
CNBC· 2025-09-12 16:00
We worry about drought, we worry about pricing. We worry about equipment. We worry about financing. This tariff is just another thing that we have to worry about.Todd Western, the third is a soybean farmer in Waterloo, Iowa. He says trade tensions between the U.S. and China are fueling uncertainty for his business. China, the world's largest buyer of soybeans, hasn't pre-purchased any soybeans for the upcoming US harvest.The revenue on our farm is just like any other farm. It's volatile. Western and other f ...
Why Lacrosse Is Trying To Expand Beyond Wealthy Americans
CNBC· 2025-09-11 16:01
What was born from indigenous traditions. Centuries ago, La Crosse slowly evolved to a sport for the wealthy, often played at elite universities and private schools. At the University of Pennsylvania, which is playing Harvard at Cambridge, Massachusetts.Take a look at the map right here. Of the top 30 incoming 2025 freshman D-1 players, more than 80% of them come from towns with a higher median household income than the national median. And majority of them are also going to some of the most expensive unive ...
Amazon Just Launched Its Zoox Robotaxis In Las Vegas And We Took A Ride
CNBC· 2025-09-10 13:01
Amazon is officially entering the robotaxi race, and that's because their company, Zoox, is launching their service to the public for the first time ever here in Las Vegas. These vehicles are completely different than anything that you've seen before. There's no steering wheel, no pedals and it's completely symmetrical with two rows of seats that face each other.We're gonna go for a ride in one and see what it's like. Okay. Very cool.All right. First time in a Zoox. This is the first time, now that we're op ...