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Vita Coco started with a leap of faith, a $75,000 investment and "several" maxed-out credit cards. Today, the bestselling coconut water company is worth $1.1 billion. They paid mostly with Kirban's money, which he'd obtained by founding and running a real estate software business after dropping out of college. That software business still exists, and Kirban still helps run it on the side, he says. It was only the beginning of Vita Coco's long journey to financial success, with more stumbling blocks along the way.

Persons: Vita Coco, Michael Kirban, Ira Liran, Liran, Kirban, There's, he'd, hadn't, Vita Organizations: Southern, U.S, CNBC, U.S . Food, Drug Administration Locations: Manhattan, Brazil, U.S, Bahamas

“America's Team.”The team that much of America loved, and perhaps just as much loved to hate. The title these days has fallen on the Kansas City Chiefs, who play the San Francisco 49ers next weekend in their fourth Super Bowl in five years. Just like so many versions of “America's Team," though, a certain amount of fatigue also is setting in. They can make it four next Sunday, when they play the 49ers in a Super Bowl trending to be the most expensive ticket in history. We’ve got an even bigger target on our back than we did last year,” Chiefs safety Justin Reid said.

Persons: Troy Aikman, Michael Irvin, Emmitt Smith, ”, Terry Bradshaw, Lynn Swann, Joe Greene, Joe Montana, Roger Craig, Jerry Rice, Tom Brady, Troy Brown, Rob Gronkowski, Patrick Mahomes, Andy Reid, Travis Kelce, Taylor Swift, “, Mahomes, he's, Reid, Kelce, Steph Curry, Klay Thompson, we've, ” Reid, Pat, Ken Goldin, Jason Sudeikis, Paul Rudd, Eric Stonestreet, Heidi Gardner, Ryan Reynolds, Blake Lively, Swift, Brad Pitt, Henry Winkler, Melissa Etheridge, Chris Wallace, Etheridge, I’m, he’s, hadn't, Kermit, Justin Johnson, Johnson, ” Mahomes, We’ve, Justin Reid Organizations: KANSAS CITY, Dallas Cowboys, Steelers, 49ers, Patriots, Kansas City Chiefs, San Francisco 49ers, Hall of Fame, Chiefs, State Farm, Warriors, Wynn Golf Club, Allegiant, NFL, Eagles, AFC, Bengals, Arrowhead, Nielsen, NFL Shop, Raiders, “ Chiefs, Goldin, Kansas City, CNN, Ravens, Baltimore, New England, ” Chiefs Locations: KANSAS, Mo, America, Hollywood, London, Mexico City, Frankfurt, Germany, Italy, Leavenworth , Kansas, Tokyo

☆ Earnings playbook: Your guide to trading this week's biggest reports, including Goldman Sachs
▼ + stars: | 2024-01-15 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

Data compiled by The Earnings Scout shows the early reporters have had no trouble beating earnings expectations so far. Tuesday Goldman Sachs is set to report earnings before the bell, followed by a conference call at 9:30 a.m. What history shows: Goldman exceeds earnings expectations 85% of the time, data from Bespoke Investment Group shows. What history shows: Bespoke data shows PNC tops earnings expectations 75% of the time. What history shows: KeyCorp shares have fallen on four of the last five earnings days, Bespoke data shows.

Persons: Goldman Sachs, Morgan Stanley, Hugh Son, Goldman, James Gorman, Ted Pick, it's, Jefferies, Schlumberger, SLB, Wells, Roger Read Organizations: JPMorgan Chase, Bank of America, Citigroup, Wall, PNC Financial, CNBC, Investment Group, Management, LSEG, PNC, Regional Banking, JPMorgan, UST, Schlumberger Locations: Wells Fargo, Cleveland, Pittsburgh, 3Q23, SLB

☆ UK postal scandal: How a software glitch and a centuries-old British company ruined peoples lives
▼ + stars: | 2024-01-13 | by ( Anna Cooban | ) edition.cnn.com time to read: +10 min

The government — which owns the Post Office — has described the scandal as one of the greatest miscarriages of justice in British history. The software regularly showed that money — often many thousands of pounds — had gone missing from Post Office accounts. The Post Office has so far paid more than £138 million ($176 million) in compensation, a company spokesperson told CNN. “The Horizon system was a piece of machinery and software that wasn’t working correctly,” she said. “If the Post Office can do this to you, then God knows what any other brand is capable of,” she said.

Persons: —, Jo Hamilton, Hamilton, ”, Mr Bates, ’, Alan Bates, Rishi Sunak, ‘, Jonathan Wells, Wendy Buffrey’s Horizon, “, I’d, Buffrey, “ I’ve, Neil Hudgell, Martin Griffith, they’ve, Leon Neal, James Hartley, Siema Kamran, Kamran Ashraf, Ashraf, Kamran, ” Siema Kamran Organizations: London CNN, UK Post, Fujitsu, CNN, Post, ITV, Horizon, of Justice, Office, Cheltenham, Metropolitan Police, Getty, Post Office Locations: Britain, England, Hamilton, British, London, Buffrey, Bracknell , England, Freeths, Cheltenham

☆ It's time to boost 401(k) plan contributions for 2024. Here's how much you should save
▼ + stars: | 2024-01-08 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you're itching to save more for retirement, there are higher 401(k) contribution limits for 2024. But there are a few things to consider before maxing out your plan, experts say. For 2024, you can defer up to $23,000 into 401(k) plans, up from $22,500 in 2023, with an extra $7,500 for savers age 50 and older. Some higher earners can funnel even more into their 401(k), depending on plan rules. By comparison, after-tax Roth 401(k) contributions allow assets to grow tax-free, without reducing current-year taxes.

Persons: deferrals, Roth, Douglas Boneparth Organizations: Vanguard, Finance, Bone, CNBC's Locations: New York

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Review: Wells Fargo Active Cash card reviewInk Business Cash® Credit CardBest for office supplies Ink Business Cash® Credit Card Apply now lock icon An icon in the shape of lock. The Capital One Venture X Rewards Credit Card is a premium travel credit card that earns 2 Capital One miles per dollar on most purchases. Excellent, Good, Fair Pros Check mark icon A check mark. Annual Fee $0 Intro APR N/A Regular APR 20.49% Variable Intro Offer N/A Recommended Credit Excellent Pros Check mark icon A check mark.

Persons: Chase, —, takeout, cardholders, Cash, you'll, American Express cardholders, Wells, you've, It's, You'll, doesn't, Amex Organizations: Business, Citi, Bank, Amazon.com, Foods, Chase Travel, Amazon, Visa, FDIC, Chase, PayPal, American Express, Express, Disney, ESPN, Wells, Ink, Capital, One, Air, Turkish Airlines, Wyndham, Wholefoods, Card, Citi Best, EV, Costco, Costco.com, Cash, Cashback, Amex, Dell Locations: U.S, Hulu, Wells, Air Canada

☆ There is still time to reduce your tax bill or boost your refund before year-end. Here are some moves to consider, experts say
▼ + stars: | 2023-12-03 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

Vesna Andjic | E+ | Getty ImagesWith roughly one month left in 2023, there's still time to reduce your tax bill or boost your refund, experts say. In 2018, the Tax Cuts and Jobs Act nearly doubled the standard deduction, slashing the number of filers who itemized. Make the most of your tax bracketBefore completing a year-end strategy that adds to your income, you should see if you can afford to "run up the income tax brackets," Dietz said. Pretax IRA contributions : You can still make up to $6,500 in pretax IRA contributions ($7,500 for age 50 and older) for 2023, which may offer a deduction. However, you need to check IRA tax break eligibility first.

Persons: Vesna Andjic, there's, Akeiva Ellis, deferrals, Ellis, Robert Dietz, Dietz, It's, Louise Cochrane Organizations: Vanguard, Taxpayers, Bernstein Private Wealth Management, — Locations: Boston, Minneapolis, Alameda , California

☆ My corporate job and big-city life made me feel anxious and drained, so I left it all behind to move to a remote cottage in the woods
▼ + stars: | 2023-11-30 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +6 min

Taylor Yates, 27, felt drained and burned out from living in a city and being surrounded by people. In 2021, she and her boyfriend decided to move to live in a rural cottage in the woods. I'm a very sensitive person, and constantly being surrounded by so many people and activities sapped my energy and made me feel exhausted. I was drained living in a city, and I felt like I always had to be doing something or I was missing out. I'd rather have the life I have now, and the ability to visit the city when I want to.

Persons: Taylor Yates, —, Jordan, I'd, It's, Zoe Sugg, Alfie Deyes, Jack, Finn Harries — Organizations: Service, Ontario — Locations: Toronto, I'm, Ontario, Canada

Overall, Adobe estimates one in five Americans plan to use buy now, pay later plans to purchase holiday gifts. Retailers have found that customers offered a buy now, pay later option are more likely to have bigger cart sizes or to convert from browsing to checking out. In its report, the Fed cites research that finds that customers spend 20% more when buy now, pay later is available. LexisNexis Risk Solutions provides many buy now, pay later lenders with alternative credit scores for assessing consumers seeking loans, including those who may not have a traditional credit score. In the past two years, Williams has used buy now, pay later plans at stores including Target, BoxLunch, EyeBuyDirect, and Skims.

Persons: Vivek Pandya, Demishia Alford, Alford, “, ”, she’ll, I’ll, I’m, ” Kevin King, Kevin, ” Alford, Jessica Sarceda, ” Sarceda, Sarceda, Allison Williams, Williams, —, ” Jinal Shah, Charles Schwab Organizations: —, Federal Reserve Bank of New, Adobe, Adobe Digital, ”, Retailers, Fed, Consumers, Walmart, LexisNexis, Solutions, Nike, Target, Zip, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Federal Reserve Bank of New York, Greensboro , North Carolina, Santa Monica , California, Amelia , Ohio

Trautman purchased a 53-foot sailboat called the SV Delos for $398,000 with a $81,000 down payment. WE SailSince he started traveling the world by boat, Trautman has visited over 45 countries and has racked up 70,000 ocean miles. When Sierra turned four months old, the now family of three returned to life on the sailboat. To stay connected with their family members on land, Trautman says they have their loved ones visit them when they are docked. The couple stays connected to their family online and by planning trips to places they're docked.

Persons: Brian Trautman, Trautman, maxed, Karin, Sierra Organizations: Microsoft, CNBC, SV Delos, YouTube, Sailing SV Delos, WE Locations: Redmond , Washington, Bellingham , Washington, New Zealand, Polynesia, Sweden, Caribbean, Philippines, they're

☆ 3 things you can learn about taxes from San Francisco 49ers' Arik Armstead's paycheck
▼ + stars: | 2023-11-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Arik Armstead of the San Francisco 49ers at the NFC Championship game against the Philadelphia Eagles on Jan. 29, 2023. While the pay stub showed gross earnings of more than $4 million year to date, experts say it holds lessons for everyday taxpayers. While it's possible to withhold less than you'll owe, you could risk underpayment penalties on top of a sizable income tax bill in April. Max out your 401(k) to save on taxesIn addition to significant tax withholdings, Armstead also maxed out his workplace retirement plan for 2023. But you can reduce your adjusted gross income with pre-tax 401(k) contributions, experts say.

Persons: Arik Armstead, Kevin Sabitus, Sam, Armstead's, Albert Campo, Armstead, Tommy Lucas, Moisand Fitzgerald Tamayo, Lucas, Armstead's withholdings, John Loyd, Max Organizations: San Francisco 49ers, NFC, Philadelphia Eagles, Getty, Finance, Social Security, AJC Accounting Services, CFP Locations: Manalapan , New Jersey, California, Orlando , Florida, Florida, Texas, Fort Worth , Texas

☆ Why some of the 'clean' hydrogen hubs in the U.S. plan to use natural gas, a fossil fuel
▼ + stars: | 2023-10-31 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

The others will use a combination of renewables, nuclear power, and natural gas with carbon capture and storage. Putting federal money behind a program to fight climate change while using natural gas, a fossil fuel, as one of its main ingredients may not seem intuitive. To wit, the Bipartisan Infrastructure Law, where the funding for the hydrogen hubs comes from, specifically required that two of the selected hydrogen hubs be located in natural gas-rich regions. Making hydrogen from natural gas with carbon capture will require additional energy and be more expensive than producing hydrogen from natural gas where the excess carbon emissions just spew into the atmosphere. That is what the U.S. government is trying to change with its hydrogen hubs program and the production tax credit.

Persons: Joe Biden, Elizabeth Flores, Jennifer Granholm, Rachel Fakhry, Fakhry, Jonathan Ernst, Kent, Sean Heinroth, Young's, That's, Heinroth, Tom Oakland, Wisconsin —, They've, Alex Kizer, Kizer Organizations: Cummins, Star Tribune, Getty, Swiss Army, U.S . Department of the Energy, Natural Resources Defense, Energy, Department of Energy, CNBC, Reuters, Infrastructure Law, Ernst, of Energy, North Dakota Department of Commerce, Oakland, EFI Foundation, U.S, Treasury Department Locations: America, Fridley, Minn, United States, U.S, Tioga, Philadelphia , Pennsylvania, Houston, Montana , North Dakota, Minnesota, Wisconsin, Washington

☆ Ex-Trump Education Secretary Betsy DeVos, who last year said the department she once led 'should not exist,' maxes out political contributions to Michigan GOP Senate candidate Mike Rogers
▼ + stars: | 2023-10-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Ex-Education Secretary Betsy DeVos maxed out contributions to Michigan GOP Senate candidate Mike Rogers. In total, the DeVos family gave Rogers $46,200 in the third quarter, a significant sum this early in the race. In addition to Betsy DeVos, several other members of the DeVos family — who are highly influential in Michigan Republican politics — gave the maximum political contributions to Rogers. Betsy DeVos, a former Michigan Republican Party chair, served as Education secretary under President Donald Trump from February 2017 to January 2021. Last year, the former Education secretary attracted renewed attention after she remarked that the department she once led "should not exist" during a speech at the national Moms for Liberty summit.

Persons: Betsy DeVos maxed, Mike Rogers, DeVos, —, Betsy DeVos, Rogers, Richard, Dick, Daniel DeVos, Douglas DeVos, Maria DeVos, Pamella DeVos, Suzanne DeVos, Donald Trump, Trump, needled Trump, Joe Biden's, Democratic Sen, Debbie Stabenow, Tudor Dixon, Gretchen Whitmer, Elissa Slotkin, Hill Harper, Nasser Beydoun, Leslie Love, Pamela Pugh, Zack Burns Organizations: Michigan GOP, Rogers, Service, Trump Education, Michigan Republican, Federal, Commission, Senate, Amway, Michigan Republican Party, Democratic, Liberty, House Intelligence Committee, Republicans, Michigan Republicans, Democratic Gov, Leslie Love , Michigan State, of Locations: Michigan, Leslie Love ,

☆ Caleb Hammer promised to save them from financial ruin — and it seems to actually be working
▼ + stars: | 2023-10-27 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +13 min

AdvertisementAdvertisementDuncan Bell was in a really bad spot when he appeared on Caleb Hammer's financial podcast. Hammer has been doing "Financial Audit" for around a year, and is starting to invite guests back. AdvertisementAdvertisementRon, 33 from Nashville, appeared on "Financial Audit" in June, where Hammer went through his $70,000 of credit-card, car, and student debt. Ron, who doesn't share his surname publicly, told Insider Hammer helped show him "how bad" his situation was. Colmenares said he asked Hammer to blur the parts of the video where his information was visible, but Hammer "wouldn't do it."

Persons: Caleb Hammer, —, Duncan Bell, Caleb Hammer's, Hammer, didn't, Bell, He's, I'm, Adrianah Lee, she'd, Ron, there's, he's, hasn't, Juan Colmenares, Colmenares, Caleb Organizations: Service, General Electric, YouTube, Walmart Locations: San Antonio, Nashville, Spanish, Florida, Venezuela

☆ Harlan Crow, the GOP megadonor and pal to Clarence Thomas, maxed out his campaign donation to a self-described 'non-Marxist socialist' trying to defeat Joe Biden
▼ + stars: | 2023-10-18 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Crow, a major player in GOP politics, described West as "a good friend" during a WSJ interview. Justice Thomas faced scrutiny after ProPublica reported that he took luxury trips funded by Crow. AdvertisementAdvertisementBillionaire GOP megadonor Harlan Crow maxed out a donation to Cornel West, the progressive academic and 2024 independent presidential candidate, according to the latest FEC filings. Nikki Haley of South Carolina, per NBC News, as several major GOP donors are looking to get behind the strongest challenger to Donald Trump's presidential bid. AdvertisementAdvertisementTrump currently remains the favorite to capture the GOP presidential nomination, as he maintains sizable leads in national surveys and most statewide primary polling.

Persons: Harlan Crow, Cornel West's, Justice Thomas, ProPublica, —, Cornel West, Crow, Joe Biden's, We've, Clarence Thomas, Thomas, didn't, Ron DeSantis, Nikki Haley, Donald Trump's Organizations: Crow, Service, West, Green Party, Marxist, Wall, Princeton University, Harvard University, Democratic Party, Republican, Press, Motown, Gov, NBC, GOP Locations: Silicon Valley, Florida, South Carolina

☆ Rainmakers find political hedge in Chris Christie
▼ + stars: | 2023-10-16 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

[1/2] Republican presidential candidate and former New Jersey Governor Chris Christie speaks at the New Hampshire Republican Party’s First in the Nation Leadership Summit in Nashua, New Hampshire, U.S., October 13, 2023. Several hedge fund rainmakers poured cash into Chris Christie’s campaign over the summer, according to filings released on Monday. But with legal woes hanging over Trump’s campaign, contributions to the most anti-Trump conservative could become a valuable call option for the group that knows something about hedging. It’s notable that Christie has been vocal about attacking Trump, whom he advised during the prior president’s first term. Former New Jersey Governor Chris Christie raised $3.8 million over the quarter, aided by donations from wealthy investors including Stanley Druckenmiller, David Tepper and Paul Tudor Jones.

Persons: Chris Christie, Brian Snyder, Donald Trump, hasn’t, Wall, Chris Christie’s, Christie, Nikki Haley, Ron DeSantis, Vivek Ramaswamy, Tim Scott, That’s, Stanley Druckenmiller, David Tepper, Tudor Investment’s Paul Tudor Jones maxed, Seth Klarman, Bruce Kovner, Trump, ” Christie, Ramaswamy, Tyler Winklevoss, Paul Tudor Jones, Lauren Silva Laughlin, Sharon Lam Organizations: Republican, New, New Hampshire Republican Party’s, Nation Leadership Summit, REUTERS, Rights, Reuters, Republican Party, Trump, Duquesne Capital, Management, CAM, Fairleigh Dickinson University, Reuters Graphics Reuters, Federal, Former New Jersey, Thomson Locations: New Jersey, Nashua , New Hampshire, U.S

☆ Why the hydrogen tax credit has become a lightning rod for controversy
▼ + stars: | 2023-10-13 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +16 min

The proposed tax credit, 45V, is meant to turbocharge the production of low-emissions hydrogen. "The IRA's section 45V production tax credit is the most generous clean hydrogen subsidy in the world," Jesse Jenkins, professor of macro-scale energy systems at Princeton University, told CNBC. John Macdougall | Afp | Getty ImagesThe adjudication of the hydrogen tax credit has become about more than just the hydrogen tax credit, too. The amount of the hydrogen tax credit, which is available for 10 years, depends on the emissions generated in making hydrogen. If hydrogen is produced without releasing any carbon emissions, the tax credit is maxed out at $3 per kilogram of hydrogen.

Persons: that's, It's, Jesse Jenkins, John Macdougall, Wilson Ricks, Jenkins, Ricks, Rachel Fakhry, electrolyzers, Andriy Onufriyenko, Eric Guter, Josef Kallo, H2FLY, Guter, Phil Musser, Shannon Angielski, Angielski, Shi, Fakhry Organizations: Istock, Treasury, Princeton University, CNBC, Daimler Truck Holding, Afp, Getty, Energy, Research, Princeton, Natural Resources Defense Council, Power, Singularity, Air Products, Bloomberg, Air, Products, Hydrogen Company, European, EU, NextEra Energy, Hydrogen Future Coalition, BP, Duke Energy, Exxon Mobile, General Electric, Siemens Energy, American, Shell, Hydrogen, Coalition Locations: Biden's, United States, U.S, Berlin, additionality, Maribor, Slovenia, Oxagon, Saudi Arabia, Wilbarger County , Texas

☆ Disney, Challenged Elsewhere, Plans to Spend $60 Billion on Parks and Cruises
▼ + stars: | 2023-09-19 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +2 min

Disney’s theme parks will generate an estimated $10 billion in profit this year, up from $2.2 billion a decade ago. Disney’s overseas parks — aside from Tokyo Disney Resort, which it receives royalties from but does not own — have sometimes struggled to turn a profit. That amount is double what Disney spent on parks and the cruise line over the past decade, which was itself a period of greatly increased investment. Disney has also poured money into its Paris and Hong Kong parks, with themed expansions tied to “Frozen” and other Disney films scheduled to open soon. Three more ocean liners are on the way, bringing the Disney fleet to eight ships, and Disney is nearing completion of a new port on a Bahamian island.

Persons: Robert A, Iger, Ron DeSantis, Disney, ” Organizations: Walt Disney, Tokyo Disney Resort, Disney Cruise, Disney, Shanghai Disney Resort, Guardians, Galaxy Locations: Anaheim , Calif, Orlando, Fla, Tokyo, Shanghai, Paris, Hong Kong

☆ Ron Baron stands by Tesla, sees the EV maker 4-5 times bigger in 2030
▼ + stars: | 2023-09-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Ron Baron is standing by his bullish thesis on Tesla , seeing the Elon Musk-led electric vehicle maker growing as much as fivefold in the future. The Baron Capital chairman and CEO revealed that his firm has made about 20 times its investment in Tesla since he first bought the stock in 2014. Tesla is the biggest holding in Baron's oldest and biggest fund, Baron Partners Fund (BPTIX), accounting for 46% of the portfolio. "I think Tesla in the next seven years will be about four or five times as big as it is right now in the stock market," Baron said Wednesday on CNBC's " Squawk Box ." Baron Capital managed about $40 billion at the end of 2022.

Persons: Ron Baron, Tesla, Elon, Baron, I've Organizations: Baron Capital, Baron Partners Fund, SpaceX, Bucknell grad, Centers for Disease Control Locations: Tesla, Baron's, Nevada, Australia, Moderna

☆ Tough Times for Men’s Wear? Designers Find a Workaround
▼ + stars: | 2023-09-12 | by ( Guy Trebay | ) www.nytimes.com time to read: +1 min

You’ve maxed out your credit cards, asked your family for loans, begged vendors for favors, cajoled friends into sacrificing salaries to model for a day, and then suddenly it is New York Fashion Week and, with it, New York Men’s Day, the only chance some men’s wear designers will have to be seen. “What else could we do?” said Erin Hawker, the indefatigable publicist who first envisioned New York Men’s Day a decade ago. “We staged a peaceful protest on the sidewalk.”It’s Sinatra 101. What you also require, as it turns out, is Gandhian tactics and nerves of steel. The city backed off for a few hours, and 10 designers were briefly given their chance.

Persons: You’ve, cajoled, you’ve, ”, Erin Hawker, It’s Organizations: New York, It’s Sinatra Locations: New, New York

☆ CEO spent his savings, 401(k) and paychecks to keep his cookware brand afloat—now it brings in over $170 million a year
▼ + stars: | 2023-09-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

The timing was poor for bootstrapping: Winer and Mecray had just shuttered their first startup attempt, a juice presser company called Juicepresso. They maxed out credit cards, took out a small-business loan from American Express and packaged cookware sets in their backyards. It's grown steadily since, bringing in $170.7 million in revenue last year, according to documents reviewed by CNBC Make It. At its height in 2015, we brought in somewhere between $5 million and $6 million in revenue. To be honest, though, as soon as I started working on the pan, I knew it wasn't going to fail.

Persons: Gordon Ramsay's, HexClad, Danny Winer, Cole Mecray, Winer, Mecray, we'd, Jason Panzer, Ramsay, Cole, you'd, I'd, Warren Buffett Organizations: CNBC, bootstrapping, presser, American Express, Costco, Foods, New Locations: New York City

☆ Student-loan borrowers are facing new bills next month — but minor paperwork errors and lost payments are causing 'a lack of clarity about absolutely anything'
▼ + stars: | 2023-09-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The student-loan payment pause is over, and some borrowers are facing problems with repayment. "You remain responsible for making your monthly payments." AdvertisementAdvertisementAfter more than three years, the pause on federal student-loan payments ended on Friday — interest started accruing again on September 1, and borrowers will face monthly bills again beginning in October. Still, there's a chance relief could come for borrowers who have been making payments on income-driven repayment plans. But for borrowers like Hunter who are struggling to get answers from their servicer, it's unclear what improvements can be made.

Persons: they're, Heather Hunter, Hunter, Sarah, she's, —, servicers, there's, Joe Biden Organizations: Service, Education Department, Consumer Financial, Federal Student Aid Locations: Wall, Silicon, autopay

☆ Struggling US households may soon max out their credit cards as banks get skittish
▼ + stars: | 2023-08-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

But the spending habits of consumers do not appear to be sustainable, and a correction is due. But spending habits are unsustainable, and a decline in consumer spending is likely coming in early 2024, according to the note. That's because credit card debts are piling up and excess savings from the pandemic are being depleted. "With banks far more reluctant to provide unsecured consumer credit, based on the Federal Reserve's Senior Loan Officer Opinion survey, the clear threat is that many struggling households may soon find their credit cards are being maxed out and they can't obtain more credit," he said. AdvertisementAdvertisementTotal credit card debt held by US consumers hit a record high earlier this year of more than $1 trillion.

Persons: James Knightley, Knightley Organizations: ING Economics, Federal

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. Ethan Nguonly, 22, is a software engineer at Google living in Orange County, California. Living in Orange County, California, Nguonly aims to spend intentionally in order to put as much money as he can toward his investments. Tristan Pelletier | CNBC Make ItAbout a year after buying his investment property, Nguonly purchased his primary residence in La Palma, California. While he's kept a significant amount of money in crypto, Nguonly now mainly focuses on investing in ETFs and real estate.

Persons: Ethan Nguonly, it's, he's, Nguonly, Tristan Pelletier, Nguonly's, I'm, Ethan Nguonly Nguonly's, lockdowns, couldn't, — Nguonly, It's, it'd, didn't, Sakura, takeout, you've, there's Organizations: CNBC, FIRE, Google, University of California, UC Berkeley, Transportation, Spotify Locations: Orange County , California, Florida, California, Berkeley, Qualtrics, Virginia, Riverview , Florida, Riverview, Hurricane, La Palma , California, Orange County, New York, Singapore, Cambodia

☆ Mom takes son to Churchill, Canada, for a week of education no school can match
▼ + stars: | 2023-08-26 | by ( Terry Ward | ) edition.cnn.com time to read: +14 min

We were in Churchill, a town of roughly 900 people nicknamed the “Polar Bear Capital of the World,” in Canada’s Manitoba province. A male polar bear rests during a Tundra Buggy ride into the Churchill Wildlife Management Area in August. People have to learn to co-exist with polar bears in Churchill, where some of them stay waiting for sea ice to refreeze. Hudson Bay polar bears are among the most vulnerable on Earth because of loss of sea ice, with their numbers in sharp decline. They arrive as soon as the sea ice breaks up to feast on small fish called capelin that spawn here.

Persons: we’re, I’d, Nico, Ursula, Jim Baldwin, Baldwin, Alex Cupeiro, “, Terry Ward, you’re, Terry Ward I’d, we’d, Barba, can’t, Jennifer Diment, “ Churchill, Ward, Chantal Maclean, ”, ” Maclean, ” Nico, Chantal, he’d, John Gunter, Fronters, velcroed, Indiana Jones, Joe, he’d maxed, Sandra Cook, Churchill Organizations: CNN, Polar Bears, Churchill Wildlife Management, Churchill Wildlife Management Area, Frontier North, Zodiac, Helicopters, Bear Holding, “, Churchill Locations: Churchill, Canada’s Manitoba, Florida, Hudson Bay, Hudson, Tampa, Winnipeg, Churchill’s, Svalbard, Norway, Stockholm, Oslo, Toronto, Denver, Vancouver, Washington, Ithaca, SS Ithaca

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