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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the $40 billion tuna industryOnce a staple in American homes, canned tuna consumption dropped 45.7% between 2000 and 2021. That is mainly due to changing consumer preferences, sustainability concerns, market consolidation and a major price-fixing scandal between Bumble Bee and StarKist that lasted nearly a decade. Despite this, in 2020, the U.S. remained the top importer. The industry, largely controlled by conglomerates such as Thai Union Group, saw a pandemic-driven demand spike in 2020, but that has since declined.

Persons: Bumble Organizations: U.S ., Thai Union Group Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy EV sales have slowedIn October 2023, it took nearly twice as long to sell an EV in the U.S. as it did in January. Prices of EVs are down 22% year-over-year and that's mainly driven by Tesla. About two thirds of total EVs sold are from Elon Musk's brand. Companies like Ford have ramped up hybrid production as demand for electric has leveled off. While slightly more than half of consumers say EVs are the future and will eventually replace ICE vehicles, less than a third of dealers say so.

Persons: EVs, what's Organizations: Tesla, Elon Musk's, Companies, Ford, ICE Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to retire with $1 million if you're making $120,000 per yearYou can save $1 million for retirement while making $120,000 per year, but it's easier if you start investing as soon as possible. Here's a breakdown of how much of your salary you'll need to invest.

Over the past couple of years, airlines and credit card companies such as American Airlines, United Airlines, Chase and Capital One have been investing millions into expanding their airport lounge networks for customers. According to Chase, lounge access is often the top-cited reason for its credit card sign-ups, and by the end of 2023, Delta said it would add 2,700 seats to its lounges. However, lounges have become so popular that some face overcrowding, and companies such as Delta are making it harder to get airline status.

Persons: Chase, Delta Organizations: American Airlines, United Airlines, Chase, Capital

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow soaring demand for Ozempic and Wegovy have led to Novo Nordisk's meteoric riseNovo Nordisk has experienced astounding growth in the past few years with its new diabetes and obesity care drugs, Ozempic and Wegovy. Besides what they've done to transform the company's financials, the drugs also boast the potential to help solve the obesity crisis along with aiding in the treatment of cardiovascular diseases. Analysts say the drugs could be worth up to $300 billion annually in the near future.

Organizations: Novo Nordisk

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Wonder Bread has stood the test of timeWonder Bread generated nearly half a billion dollars in sales for its owner Flowers Foods in 2022. However, healthier alternatives like whole wheat bread and sourdough now dominate the U.S. bread market. While Wonder Bread is not nearly as popular as it once was, it remains a stable contributor of its parent company's total portfolio.

Organizations: Flowers Foods

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Tesla is at the center of the UAW strikesThousands of workers are striking the big three Detroit auto manufacturers Ford, GM and Stellantis. The strikes are unlike any other in recent American auto history. Even United Auto Workers' president Shawn Fain calls the demands audacious. Legacy carmakers already struggle to compete with Tesla's manufacturing costs and selling price. So are Elon Musk and Tesla the strikes' big winners?

Persons: Tesla, Shawn Fain, carmakers, Elon Organizations: UAW, Detroit, Ford, GM, United Auto Workers

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to retire with $1 million if you're making $80,000 per yearYou can save $1 million for retirement while making $80,000 per year, but it's easier if you start investing as soon as possible. Here's a breakdown of how much of your salary you'll need to invest.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how Outback Steakhouse in Brazil is keeping the brand afloatOutback Steakhouse has found unexpected success in Brazil. The South-American nation is responsible for an astonishing 83% of Bloomin' Brands' total international sales. In the first half of 2023 alone, sales skyrocketed by 61%, foot traffic surged by 42% and the average check jumped by 19.2% compared to the same period in 2022. Those numbers are in stark contrast to Outback's operations in the U.S. So, what is the secret behind this Australian-inspired steakhouse's takeover in Brazil?

Locations: Brazil, The, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how Kia went from being an underdog to one of the most popular car brands in the worldFor many of its early years in the U.S., Kia was a low-cost value brand, and its cars were often criticized for poor quality, reliability and design. But with a brush with bankruptcy and a 51% stake investment by Hyundai Motor Group, Kia grew fast, started winning awards and became one of the most desired car brands. Sales have increased threefold in the U.S. over the past 20 years. But growing too fast and catering to a higher-income customer comes with a fair share of challenges.

Persons: Kia Organizations: Hyundai Motor Group, Kia Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy airplane boarding is inefficient — and likely to remain soWe all know airplane boarding isn't the most exciting part of a trip. But have you ever questioned why the process isn't faster? There are different boarding methods: front-to-back; back-to-front; random; unassigned seating; and window, middle, aisle (WILMA). CNBC got a behind-the-scenes look in Atlanta where Southwest Airlines is prototyping new solutions to speed up the process. Will we soon see a faster boarding method?

Persons: WILMA Organizations: CNBC, Southwest Airlines Locations: Atlanta

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how the sriracha shortage could've preventedSriracha maker, Huy Fong Foods, has cited weather-related issues to be the cause of the shortage of its sauces. While drought has played a factor in many pepper growing regions in North and Central America in recent years, it may not be the full story. Huy Fong Foods' former pepper supplier of 28 years, Underwood Ranches, told CNBC that it could have kept up with the hot sauce company's demand if the two parties' business relationship had not come to an end in 2017.

Persons: Huy Fong, Underwood Organizations: Huy Fong Foods, Central America, CNBC Locations: North

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Constellation Brands bet big on Modelo. And won against Bud LightConstellation Brands, which owns the U.S. licensing rights to Mexican beers like Modelo, Corona, Victoria and Pacifico is on fire. For the first time in 22 years, Modelo Especial beat out Bud Light as the country's top-selling beer in May. Constellation reported revenue of $2.5 billion in the quarter ending May 31, a 6.4% increase from the same quarter last year. The company's beer business delivered double-digit net sales growth of 11%.

Persons: Bud, Bud Light Organizations: Constellation Brands, Modelo, Bud Light Constellation Brands, Pacifico, Modelo Especial, Constellation Locations: Corona, Victoria

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why the U.S. is having so few roundaboutsResearch shows roundabouts reduce crashes, clear up congestion and can save cities money. But America has a fraction of the roundabouts that far smaller countries like France, Spain and the United Kingdom have. Some states are adopting them, and the small town of Carmel, Indiana, now leads European cities. So why haven't more U.S. cities done this? Are they are all they are cracked up to be?

Locations: America, France, Spain, United Kingdom, Carmel , Indiana

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. car loans total $1.5 trillion. Why consumers are strugglingCar loan debt in the U.S. is at a record high of $1.56 trillion. Between the Covid-19 pandemic, supply chain issues, alleged predatory lending practices, inflation, and the Federal Reserve's interest rate hikes, getting an auto loan has gotten more stressful, difficult and expensive. CNBC spoke with Chase Auto and Toyota Financial Services. Here's what they say is happening in the auto loan industry and what consumers can do to ensure they're protected.

Organizations: U.S, CNBC, Chase Auto, Toyota Financial Services Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow EVs Are Disrupting Small Car Parts SuppliersCompanies that make parts for internal combustion engines are facing a harsh future. The switch to EVs means companies need different parts, and EV powertrains have thousands fewer components than ICE cars. Automakers are finding more efficient ways to build cars, and are making a greater share of parts in-house. Many suppliers are small, family owned firms that have been around for decades. But even the large publicly traded suppliers such as Bosch, Denso, American Axle, Magna and ZF are affected.

Organizations: Suppliers Companies, EV powertrains, Bosch

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to earn $40,000, $50,000 and $60,000 in interest alone every year for retirementAn interest-only retirement plan can fund your retirement without draining your savings, but you will need to save a lot of money to make it possible. CNBC crunched the numbers, and we can tell you how much you need to save every month, broken down by age, to get $40,000, $50,000 and $60,000 every year in an interest-only retirement. Check out this video to learn how much you will need to turn that dream into a reality.

Organizations: CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to earn $80,000, $90,000 and $100,000 in interest alone every year for retirementAn "interest-only" retirement plan can fund your retirement without draining your savings, but you will need to save a lot of money to make it possible. CNBC crunched the numbers, and we can tell you how much you need to save every month, broken down by age, to get $80,000, $90,000 and $100,000 every year in an interest-only retirement. Check out this video to learn how much you will need to turn that dream into a reality.

Organizations: CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerica's $2 billion peanut butter industryPeanut butter is a $2 billion dollar industry in the U.S. and has continued to increase profits yearly as purchases grow and prices rise, though peanut butter's price has remained low. Peanut butter has has a 90% household penetration rate, meaning it is seen in most American households. With that legacy, it's a delicate balance for top brands to innovate while still being consistent with expectations. Three brands hold the top market share — Jif, Skippy and Peter Pan.

Persons: Skippy, Peter Pan Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Social Security won't run outIf you have job, a chunk of each paycheck goes toward Social Security. The program is a lifeline for millions of Americans. In 2023, nearly 70 million Americans will receive a Social Security benefit every month. Those checks are especially important for disabled Americans, retirees and family members who lost a loved one. If action isn't taken, Americans might see a cut in their benefits starting in 2034.

Organizations: Social Security

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat happened to Skype? At its height, Skype – a telecommunications app founded by Scandinavian entrepreneurs Niklas Zennström and Janus Friis, and Estonian engineers Ahti Heinla, Priit Kasesalu, Jaan Tallinn and Toivo Annus – had 560 million registered users. In 2005, just two years after its launch, the app was acquired by eBay. Microsoft then acquired Skype in 2011 for $8.5 billion. Now that Microsoft has rival Teams, the future of Skype is uncertain.

Persons: Niklas Zennström, Janus Friis, Ahti Heinla, Priit Kasesalu, Jaan Tallinn, Toivo Annus –, what's Organizations: Skype, eBay, Microsoft, CNBC Locations: Toivo, Silver

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside America's largest asphalt maker and road paver94 percent of the roads in the U.S. are paved with asphalt. Companies like CRH - the largest road paver in America - are newly flush with billions from the US government which is the largest buyer of asphalt in the country. Some in the business say it's the golden age of infrastructure. The Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure law, is adding $1.2 trillion, a 40% to 50% increase over the previous FAST Act. But there are some strings attached.

Organizations: Infrastructure Investment, Jobs Locations: U.S, America

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Samsung became the world's second biggest advanced chipmakerSamsung may be known for its phones, TVs and appliances, but it's also been the leader in memory chips for more than three decades. Now, as memory prices continue to fall, it's doubling down on manufacturing chips for outside customers, with a $17 billion new chip fab in Texas and new $228 billion cluster in South Korea. CNBC got a rare look inside Samsung's chip business to bring you the untold story of how it became the world's second biggest advanced chipmaker, with plans to catch TSMC.

Persons: it's Organizations: Samsung, CNBC Locations: Texas, South Korea

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how banks finance credit card rewardsRewards credit cards are everywhere and Americans love them. About 90% of all credit card spending is on rewards cards. In 2019, consumers received about $35 billion in rewards. But how are banks paying for all these perks? Some economists claim there's an annual redistribution of more than $15 billion from less to more educated, poorer to richer and high- to low-minority areas, widening existing disparities.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThreats to the billion dollar parking industryWhile historically family-owned, the parking industry is today largely dominated by two players: SP Plus (SP+) and ABM. But the industry is facing some challenges. Aside from the rise of e-commerce and ride-hailing, a post pandemic world where workers are rarely driving into urban areas is forcing the industry to pivot and expand its services, as well as heavily invest in technology. It remains to be seen if those strategic decisions will pay off.

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