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How A Convenience Store Became One Of America’s Largest Pizza Chains
CNBC· 2025-09-09 17:05
The wings are coming up. This bustling pizza business isn't a Domino's or Pizza Hut. We saw lots and lots of pizza.It's one of Casey's General Stores, the third-largest convenience store chain in the US by size, with an $18.8% billion market cap. Hi guys. I'm going to show you my top five things that I get from a Casey's gas station.Casey's has built somewhat of a cult following, and not only because of its made-from-scratch pizza. It's also based on how and where it opens stores. More than two-thirds of th ...
What happens if FEMA goes away?
CNBC· 2025-09-08 16:00
that I think we're going to recommend that FEMA go away. >> President Trump established the FEMA Review Council in 2025. Some in the group are calling for a complete overhaul of FEMA.>> This entire agency needs to be eliminated as it exists today and remade into a responsive agency. >> When it comes to storm recovery, the group says it wants FEMA to move at a faster pace. They say that the best way to do that is to put more responsibility for storm recovery onto the states and local governments.In North Car ...
Why Samsung, Google And Possibly Apple Are Investing In Folding Smartphones
CNBC· 2025-09-06 15:00
Market Trends & Dynamics - Foldable smartphones are gaining traction, with Samsung's Galaxy Z Fold and Flip series breaking preorder records, indicating growing consumer interest in the foldable form factor [2] - The foldable phone market, while still niche, is evolving, with more brands entering the space, including Google, Motorola, Huawei, and Xiaomi, and Apple reportedly planning to join in 2026 [3][4][5] - Foldable smartphones currently account for less than 2% of global smartphone shipments in 2024, highlighting their limited market share compared to traditional smartphones [12] Technological Advancements & Challenges - Early foldable phones faced durability issues, particularly with screen creases and hinge design, but recent models have made significant improvements in these areas [9][10][11] - Samsung's latest foldable phones have reduced thickness and improved battery life, addressing previous concerns and bringing them closer to flagship phone standards [11][12] - Apple's potential entry into the foldable market is contingent on solving durability and usability challenges, aiming for a user experience-focused approach [15][16] Pricing & Accessibility - The high price of foldable phones, ranging from $1500 to $2000, remains a barrier to mass adoption, positioning them as a niche product in the premium smartphone market [12][13] - Samsung is starting to lower prices, with models like the Flip seven launching under $1000, suggesting a trend towards more accessible pricing as the technology matures [24][25] - Industry anticipates that for foldable phones to become mainstream, the price premium needs to be in the 10-20% range relative to a normal phone [23] AI & User Experience - Samsung and Google are positioning foldables as AI-first devices, leveraging the larger screen for enhanced multitasking, immersive tools, and content creation [19][20] - The larger screen of foldable phones facilitates AI-driven use cases, enhancing productivity and creativity by reducing friction in phone usage [20][21]
Why Million Dollar Homes Got A Tax Break
CNBC· 2025-09-05 16:00
Property taxes are on the rise in many parts of the United States. They're up 23% nationwide from 2019 to 2023. It's a huge issue in areas with high real estate values, particularly those near major cities.This was not just the big bad blue states like New York and California and New Jersey states like Florida. States like Texas will realize this applies to them, too. Congress's new tax and spending bill tackles this problem head on an increased deduction for state and local taxes.The tax break is expected ...
Texas Instruments is making a $60 billion bet on U.S.-made microchips
CNBC· 2025-09-04 16:01
Company Overview & Strategy - Texas Instruments (TI) is expanding US-based microchip production with a new factory in Sherman, Texas [1][4] - The new factory is one of seven, signaling a significant investment in domestic production [1] - The campus size will exceed 70 football fields or the equivalent of two Empire State Buildings [2] - TI aims to produce its most advanced analog chips at this new facility, focusing on foundational technologies for autos and industrial applications [2] Products & Customer Base - TI has over 100,000 customers and approximately 80,000 different products [3] - TI chips are present in a wide range of devices, including those that plug into the wall, use batteries, or have cords [3] - TI chips are also used in phones, computers, and data centers, supporting the AI boom [2] Market Challenges - TI shares experienced a decline in July due to customer concerns regarding tariffs and geopolitics [3]
How Cadillac Is Beating Audi, Mercedes And BMW In EVs
CNBC· 2025-09-02 16:00
Cadillac once called itself the standard of the world. As does the famous Cadillac V and crest. The cars of its heyday are icons of postwar America.The tailfins, the bodies made of endless stretches of steel. They had plush seats and suspensions so soft you could feel like you were hovering over the road. This was American luxury.Huge, mellow, graceful, and maybe surprisingly often loaded with the best tech of its day. They were the standard for so long a luxury vehicles. But that has been, I'd say for most ...
Here's why Americans still love McMansions
CNBC· 2025-09-01 15:00
This is a McMansion. This, too. And so is this one.You've probably seen a version of one in an American suburb. It's not a style of house. We tutor one day, farmhouse the next day.It's over 3,000 square ft. It's usually in the suburbs and it's usually done in kind of a a slapshot way. So, a big house that maybe is, you know, for lack of a better word, a little bit tacky.Despite their at times poor reputation, they've never really gone away. These are the houses that I sell most often. I was just in a biddin ...
Why The U.S. Retirement System Gets A C+ Rating
CNBC· 2025-08-29 16:00
U.S. Retirement System Challenges - U.S Social Security is facing insolvency by 2033, potentially leading to a 20% benefit cut if the trust fund runs short [1] - The U S retirement system received a C+ rating from the Mercer CFA Institute Global Pension Index in 2024, indicating a solid system with significant risks [1][2] - 401(k) system may not be effective as funds are often withdrawn before retirement for various needs [3] - By 2050, the world could face a $400 trillion shortfall in retirement savings, with the U S being a major contributor to this problem [29] - In 2019, the estimated loss of savings due to 401(k) cash outs ranged from $60 billion to $105 billion [19] Global Comparison and Solutions - Countries are raising retirement ages and requiring mandatory contributions to address issues like longer lifespans and fewer workers paying into the system [4] - A grade retirement systems often feature a net replacement rate of at least 65% for median income earners, private pension coverage of at least 80% of the working-age population, and pension contributions of at least 12% of wages [5][6] - The Netherlands, with its mandatory contributions, serves as a model, transitioning from defined benefit to defined contribution plans [7][9][10] - Australia's mandatory defined contribution plan, covering everyone, is highlighted as a successful approach [11] U.S. Strengths and Weaknesses - U S retirement plan assets are 250% (two and a half times) the median of OECD countries, indicating high savings rates [14] - Despite high savings, the median retirement savings for baby boomers is zero, highlighting inequality [15] - While 70% of U S workers had access to a retirement plan as of March 2023, only 53% participated, indicating a coverage issue [17] - The U S system's voluntary nature and allowance of pre-retirement withdrawals are criticized, but the high savings rates and retirement incomes suggest some success [10][13][34]
Why The U.S. Has 4,500 Banks And Canada Has 79
CNBC· 2025-08-28 16:01
America's banking industry is shrinking. Community banks are struggling. We had about 7000 community banks right after the crisis.Now we've got about 4000. That's a huge decline. We see that those local banks are really disappearing.It's really hard for them to compete with the very largest banks, who are essentially subsidized by the public because they are seen as too big to fail. The four largest banks in the U.S.--JPMorgan Chase, Wells Fargo, Bank of America and Citigroup--hold an increasingly large per ...
What's behind the rise of China's micro dramas?
CNBC· 2025-08-27 16:01
I only owe my success to that secret CEO of Kings Corp. >> You will be graveling at my feet for forgiveness when you realize who I really am then. >> Spoiler alert alert, that man earning a meager wage does in fact turn out to be the secret CEO of King's Corp. This is one of the micro dramas featured on Real Short, a Chinese-backed short video app. >> In the state, you have soap opera, you know, bold and the beautiful and it's bold and the beautiful on steroid.Basically, >> they're tapping into the behavior ...