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☆ Ozempic, Wegovy may curb drinking, smoking and other addictive behaviors – here's what we know
▼ + stars: | 2023-09-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +7 min

Jaap Arriens | Nurphoto | Getty ImagesHeather Le Biller shed 9 pounds within the first week of taking Novo Nordisk 's blockbuster diabetes drug Ozempic – and then even more as she continued treatment. That means it could take years before the Food and Drug Administration and other regulators worldwide approve drugs like Ozempic and Wegovy as addiction treatments. Jerlhag and her colleagues at the University of Gothenburg in Sweden have studied the effect of GLP-1s on addictive behaviors for more than a decade. "The mechanism in the brain that regulates overeating is important in regulating addictive behaviors as well," Leggio told CNBC. Still, NIDA's Leggio advises against using GLP-1s off-label to reduce addictive behaviors, "simply because there's not enough evidence in humans that they work."

Persons: Jaap Arriens, Heather Le Biller, Ozempic –, Le Biller, they're, Angela Fitch, Brandon Bell, Dr, Lorenzo Leggio, semaglutide, –, Eli Lilly, pharmacologist, Jerlhag, George Frey, NIDA's, Leggio, Steven Batash, Batash, NIDA's Leggio Organizations: Nurphoto, Novo Nordisk, CNBC, Wegovy, Obesity Medicine Association, and Drug Administration, Pharma, National Institute on Drug, University of Gothenburg, Company, Reuters, Brigade, Getty Locations: Riga, Latvia, France, Ozempic, Novo, U.S, Italian, Austin , Texas, Sweden, Provo , Utah, Queens , New York

☆ 8 easy — and cheap — ways to cut your carbon emissions
▼ + stars: | 2023-08-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

Here are some easy — and inexpensive or no-cost — ways to reduce your carbon footprint today, according to efficiency and environmental experts. As such, the average household saves about $225 in energy costs per year by switching to LED lighting, the Energy Department said. Cut food wasteErlon Silva - Tri Digital | Moment | Getty ImagesThe average American wastes more than 400 pounds of food a year. A washing machine spends 90% of its energy to heat water, for example, the Consumer Federation of America said. Even putting something like a brick in your toilet tank will displace — and therefore save — water.

Persons: Katharine Hayhoe, Keoleian, Jose Luis Pelaez, Hayhoe, Oscar Wong, Tom Werner, Digitalvision Organizations: Nature Conservancy, Texas Tech University, U.S . Department of Energy, Energy Department, Silva, Tri, Environmental, Agency, Consumer Federation of America, Public, Getty Locations: U.S

☆ As recession fears fade, we may be experiencing a 'richcession' instead — here’s what that means for you
▼ + stars: | 2023-08-16 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

"Although we are not in an overall recession yet, the demand for and wages of lower-income groups are outpacing higher-income groups." But there still aren't enough workers to fill open positions in the service industry and the unemployment rate remains near a 50-year low at just 3.5%. What a 'richcession' means for consumers"Recession is a loaded term," said Jacob Channel, senior economist at LendingTree. "White-collar jobs might not be as plentiful as they were last year, but they're still around." "On the contrary, most current data indicates that despite numerous headwinds, the broader economy is doing remarkably well, all things considered," he added.

Persons: Tomas Philipson, Jacob Channel Organizations: University of Chicago, White House Council, Economic Advisers, Digitalvision, Challenger

☆ Selling Sunset's Emma Hernan and other experts say now is the time to buy a house: 'It's one of the best investments you could make'
▼ + stars: | 2023-08-04 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

Real Estate experts tell CNBC Make It why they think now is the time to buy a home. "This isn't the market where sellers can just try for a high number and see if it'll happen." "When it comes to real estate, I think it's one of the best investments you could possibly make. Think about the big picture and look at real estate as an investment for your future. Emma Hernan Star of Netflix's "Selling Sunset" and real estate agent at The Oppenheim Group

Persons: Mike Biryla, Mike Biryla Real, they're, Emma Hernan, Hernan, Marko Geber, you'll, Emma Hernan Star Organizations: CNBC, The Agency, Digitalvision

☆ As student loan payments restart, can employers be a firewall for borrowers? Some groups hope so
▼ + stars: | 2023-07-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Kate_sept2004 | E+ | Getty Images17% of employers offer some kind of student loan aidFew employers offer student loan benefits, which can take many forms. Seventeen percent offer some type of student loan assistance, according to a 2021 survey by the Employee Benefit Research Institute. The most popular workplace programs don't offer direct relief for student loan payments. The expanded tax break for student loan payments is temporary, however. Starting in 2024, employers will also be allowed to pay a 401(k) match to borrowers making student loan payments, a provision enacted by a 2022 law known as Secure 2.0.

Persons: Will Hansen, We're, Derrick Johnson, Johnson, Luis Alvarez, SHRM, We've, Randi Weingarten, " Hansen Organizations: Research, of America, NAACP, Digitalvision, Getty, American Federation of Teachers Locations: Albuquerque , New Mexico, Washington, Orange County , Florida

☆ These are America’s 10 worst states to live and work in for 2023, and there's a big surprise at the very bottom
▼ + stars: | 2023-07-14 | by ( Scott Cohn | ) www.cnbc.com time to read: +11 min

By the numbers, these are America's worst states to live and work in for 2023. 2023 Life, Health & Inclusion Score: 129 out of 350 points (Top States Grade: D) Strengths: Air Quality, Childcare, Worker Protections Weaknesses: Inclusiveness, Reproductive Rights9. 2023 Life, Health & Inclusion Score: 113 out of 350 points (Top States Grade: D-) Strength: Crime Rate Weaknesses: Childcare, Inclusiveness6. 2023 Life, Health & Inclusion Score: 98 out of 350 points (Top States Grade: F) Strength: Air Quality Weaknesses: Voting Rights, Reproductive Rights, Crime4. 2023 Life, Health & Inclusion Score: 75 out of 350 points (Top States Grade: F) Strength: Air Quality Weaknesses: Reproductive Rights, Health, Voting Rights1.

Persons: Roe, Wade, North Carolina Governor Roy Cooper, Ron DeSantis, Daniel A, Varela, DeSantis, Benjamin Krain, Sarah Huckabee Sanders, Douglas Mason, Indiana Matt Carr, Cangelosi, Nichole, Emily Curiel, Jim Watson, Willie B, Thomas, Digitalvision, Scott Zdon, John Bel Edwards, Oklahoma Dr, Franz Theard, Paul Ratje, Brandon Bell Organizations: Business, North Carolina Governor, CNBC, Florida, Florida Florida Gov, HB, Mater Academy Charter, School, Miami Herald, Getty, White, Northern Illinois University, Sunshine, Arkansas Little Rock Police Department, FBI, United Health Foundation, Health, Tennessee, Bonnaroo Music, Arts Festival, Getty Images Tennessee, Indiana, Stone, Hoosier, Missouri, Country Club, Kansas City Star, Tribune, Service, Emily Curiel | Kansas, Star, Reproductive, Alabama Voters, Beulah Baptist, AFP, Alabama, Center, Election Innovation, Research, South Carolina Senior, Gov, Reproductive Clinic, Washington, Washington Post, Texas, Texas State Capitol Locations: States, Florida, Texas, Florida Florida, Hialeah Gardens , Florida, Little Rock , Arkansas, Arkansas, Manchester , Tennessee, Louisiana, Mill Creek, Emily Curiel |, Montgomery , Alabama, Carolina, Oklahoma, Santa Teresa , New Mexico, Austin , Texas

☆ Many Americans fear a recession as severe as 2008 could be coming. Here’s what experts say
▼ + stars: | 2023-07-07 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

To that point, 68% are expecting a recession in the next six months, and 80% of those respondents expect it to be severe. Experts weigh in3 reasons it can be smarter to rent, even if you can buy Yet, predictions from various experts are not as dire. watch nowAt Raymond James, the current forecast calls for a "very, very mild" recession, according to chief economist Eugenio Aleman. Raymond James is predicting a 1.3% growth rate for 2023 and 0.6% for 2024 — which coincides with the firm's forecast for a "very, very mild recession," Aleman said. To cope with high inflation, Nationwide's survey found more than half of respondents are eating out less, with 54%.

Persons: Jamie Grill, We're, Kathy Bostjancic, it's, Raymond James, Eugenio Aleman, Aleman, Nonfarm, —, Gray, Tang Ming Tung, Bostjancic Organizations: Finance, Nationwide, U.S . Department of Labor, ADP, Employers, Challenger, Federal Reserve, Getty, Auto Locations: U.S, American

☆ Canceled, delayed flights are likely over July 4 holiday weekend. What to know about your rights
▼ + stars: | 2023-06-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Over 2.8 million travelers are expected to pass through airport security checkpoints on Friday — a single-day record, according to the Transportation Security Administration. This comes as severe storms and staffing shortages have already derailed thousands of flights this week. Federal law doesn't require airlines to pay compensation to passengers for delays, Palmer said. The U.S. Department of Transportation's Airline Customer Service Dashboard outlines passenger rights for specific airlines. Even if a delay isn't their fault, many airlines will transfer your ticket to another airline's flight with available seats at no additional cost — if you ask, according to the U.S. PIRG Education Fund.

Persons: Andrew Bret Wallis, Pete Buttigieg, Kimberly Palmer, Palmer, Murray Organizations: DigitalVision, Transportation Security Administration, TSA, U.S, U.S . Department of Transportation's, PIRG

☆ 3 U.S. cities where it's cheaper to buy a home than to rent one—none are in Florida
▼ + stars: | 2023-06-29 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Redfin ranked the only four cities in the U.S. where it's cheaper to buy than rent. But there are a few cities where taking on that mortgage — instead of paying monthly rent — is the smarter financial decision. Top 3 cities where it's cheaper to buy than to rentDetroit, Mich. Philadelphia, Pa. Cleveland, Ohio In Detroit, the number one city on the list, the typical home is 24% less expensive to buy than rent. The average estimated monthly mortgage payment for homebuyers is $1,296, compared with an average estimated monthly rent of $1,697. Philadelphia, Pennsylvania ranked as the second city in the U.S. where it's cheaper to buy a home than rent.

Persons: Redfin, Taylor Marr, Marr, Jon Lovette, Cleveland , Ohio Ken Redding Organizations: Detroit, Istock, U.S, General Motors, Ford, America, Chrysler, DigitalVision, Cleveland, Bank, Getty Locations: U.S, Mich, F11photo, Detroit, Philadelphia, Pa . Cleveland , Ohio, Chicago, Philadelphia , Pennsylvania, New York City, Ohio, Cleveland , Ohio

watch nowA lot of financial planning is, of course, about the future. But people's goals can backfire if they neglect themselves in the present, says Preston Cherry, a certified financial planner and founder and president of Concurrent Financial Planning in Green Bay, Wisconsin. "Starving your current self ... could be discouraging," said Cherry, who is also a member of CNBC's Financial Advisor Council. But people shouldn't have to pick between a good life now and a good life later, Cherry said. 'Wants are needs, too'The division between "wants" and "needs" is often too rigid for people, Cherry said.

Persons: Preston Cherry, Cherry, it's Organizations: CNBC's, Council, Getty Locations: Green Bay , Wisconsin

☆ How many credit cards should you have? The answer isn’t zero, say experts
▼ + stars: | 2023-06-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Eighty-two percent of American adults had a credit card in 2022, according to the U.S. Federal Reserve. Benefits to having more than one credit cardHowever, there can be drawbacks to having just one credit card. In addition, having a second credit card, or more, can help build a person's credit utilization ratio, said Curtis, founder and CEO of Curtis Financial Planning. Credit utilization is an important determinant in one's credit score and having one that's too high can reduce your score. Having more than one card raises one's overall credit limit, and with responsible use, can reduce one's credit utilization ratio.

Persons: Jose Luis Pelaez, Ted Rossman, Strong, cardholders, Bruce McClary, McClary, Rossman, Cathy Curtis, Curtis, Xavier Lorenzo, Cardholders Organizations: Jose Luis Pelaez Inc, CreditCards.com, Consumer Federation of America, U.S . Federal, National Foundation, Credit, Mastercard, Curtis, Curtis Financial

Recessions haven't always resulted in declining stock markets, and good opportunities can be found amid them. Sectors for recession naysayersThe best sectors for recession disbelievers are the most economically sensitive ones: industrials, materials and financials. Well-positioned companies with good growth prospects currently include: Corteva, Dow Chemical, Ecolab, Linde plc, Martin Marietta Materials, Nucor Corp., PPG Industries and Sherwin-Williams. Currently buyable names include: Campbell Soup Co., General Mills, The Hershey Co., Kellogg's, Kimberly-Clark Corp., Kroger, Procter & Gamble and Walmart. Sector names with reasonable risk levels and good growth prospects include: Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc., Veeva Systems Inc., IQVIA Holdings Inc., Cigna Group and Zoetis Inc.

Persons: Sherwin, Williams, Mayur, Martin Marietta, JPMorgan Chase, Rowe Price, Willis Towers Watson, Campbell, General Mills, Clark, Willie B, Thomas, Digitalvision Organizations: Westend61, University of Michigan Consumer, Investors, Westinghouse Air Brake Co, Cummins Inc, CSX, Emerson Electric, Otis Worldwide, Carrier, Caterpillar, Honeywell, Illinois Tool, Lockheed Martin Corp, Dow Chemical, Ecolab, Linde plc, Martin, Martin Marietta Materials, Nucor Corp, PPG Industries, XLF, JPMorgan, Rowe Price Group Inc, American International Group, Allstate, The, McLennan, Sectors, Co, Hershey Co, Clark Corp, Kroger, Procter, Gamble, Walmart, Getty Images Health, iShares U.S, Medical Devices, Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc, Veeva Systems Inc, IQVIA Holdings Inc, Cigna, Zoetis Inc Locations: American, The Hartford, Marsh, Kimberly

☆ Here's how much you can make and still pay 0% capital gains taxes for 2023
▼ + stars: | 2023-06-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Marko Geber | DigitalVision | Getty ImagesHow to calculate your capital gains tax bracketWith higher standard deductions and income thresholds for capital gains, it's more likely you'll fall into the 0% bracket in 2023, Lucas said. For 2023, you may qualify for the 0% long-term capital gains rate with taxable income of $44,625 or less for single filers and $89,250 or less for married couples filing jointly. The rates use "taxable income," which is calculated by subtracting the greater of the standard or itemized deductions from your adjusted gross income. For example, if a married couple makes $100,000 together in 2023, their taxable income may easily fall below $89,250 after subtracting the $27,700 married filing jointly standard deduction. Other tax-planning opportunitiesWith taxable income below the thresholds, you can sell profitable assets without tax consequences.

Persons: Marko Geber, Lucas, Jim Guarino, Baker Newman Noyes Organizations: DigitalVision Locations: Woburn , Massachusetts

☆ Americans’ buying power rose for first time since March 2021 amid falling inflation
▼ + stars: | 2023-06-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Images By Tang Ming Tung | Digitalvision | Getty Images"This is clearly a function of inflation starting to come down," Terrazas said. 'Unprecedented' pay jumps during pandemicWage growth started to spike in 2021 as workers enjoyed the benefits of a hot job market. In some cases, workers' pay growth was strong enough to outrun inflation's impact — especially for those who quit their jobs for higher-paying gigs elsewhere. Meanwhile, wage growth has also declined but at a slower pace — translating to a net boost to Americans' financial well-being in May relative to last year. These data sets are more inclusive than that of wage growth.

Persons: Tang Ming Tung, Terrazas, Julia Pollak, Pollak, Mark Zandi, Aaron Terrazas, Zandi Organizations: ZipRecruiter, CPI, . Bureau, Moody's, Federal Reserve Bank of New Locations: U.S, Federal Reserve Bank of New York

☆ Companies are learning that Gen Z isn’t the easiest generation to work with
▼ + stars: | 2023-05-26 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +3 min

By 2025, Gen Z will account for one-third of the workforce, according to the World Economic Forum. Companies need to refine their approach to working with Gen Z, Salinas said, and tech tools like ChatGPT and social media like TikTok could help make them successful. In return, Gen Z can provide companies with indispensable knowledge of social media and newer artificial intelligence tools like ChatGPT. "A lot of companies see culture as a secondary thing," Salinas said, but with Gen Z it is front and center. "Self-care, mental health, and global issues are important to them and, if it isn't a part of your company culture, that's a huge turnoff to Gen Z employees."

☆ What is the debt ceiling? Why it's important and how it affects you
▼ + stars: | 2023-05-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

To avoid that outcome, lawmakers are trying to find a path forward to raise or suspend the debt ceiling, which would enable the U.S. to pay its bills on time. What is the debt ceiling? The debt ceiling is the amount of money the U.S. Department of the Treasury is authorized to borrow to pay the nation's bills. The debt ceiling wouldn't be an issue if U.S. revenues — i.e., tax proceeds — exceeded its costs. Congress can raise or temporarily suspend the debt ceiling in the interim to avert a debt-ceiling crisis — something lawmakers have done many times in the past.

☆ Auto giants are setting their sights on a new growth market for EVs: India
▼ + stars: | 2023-05-04 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

When it comes to electric cars, however, the country is playing a game of catch up. During a recent interview with CNBC's Charlotte Reed, Thierry Koskas accepted that the market in India was "just starting." Citroën India, which launched the fully electric ë-C3 in Feb. 2023, is not alone when it comes to making a move in India's nascent electric car sector. According to the IEA, Tata was responsible for more than 85% of battery electric vehicle sales within India last year. Other Indian firms jostling for position in the sector include Mahindra and Mahindra and Ola Electric.

☆ This organization built an app to boost financial literacy among older LGBTQ+ Americans
▼ + stars: | 2023-04-26 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Willie B. Thomas | DigitalVision | Getty ImagesFinancial stability is a concern for many older Americans, and challenges can be greater among marginalized groups such as elders in the LGBTQ+ community. But a free financial literacy app called SAGECents is looking to change that. What's worse, 1 in 5 older LGBTQ+ adults faced poverty during the Covid-19 pandemic, a 2023 study from the Williams Institute at UCLA's School of Law found. "They've faced a lifetime of discrimination and social stigma," said Christina DaCosta, chief experience officer at SAGE, a national organization dedicated to improving the lives of older LGBTQ+ people. Older LGBTQ+ Americans are more likely to be single and to live alone, making them less likely to benefit from a partner's health insurance or other "social welfare structures," he said.

☆ Fewer cars qualify for $7,500 EV tax credit. Here are 2 alternatives
▼ + stars: | 2023-04-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

A $4,000 tax credit for used EVswatch nowThe Inflation Reduction Act also created a tax credit for consumers who buy used electric or fuel-cell vehicles. The tax break for used cars, which took effect this year, is worth $4,000 or 30% of the sale price, whichever is less. Those income limits are "much lower" than the one that applies to the $7,500 tax credit for new vehicles, said Katherine Breaks, a managing director in KPMG's tax credit and energy advisory services group. "If I don't have $4,000 of tax liability, what's the tax credit worth to me? A tax break for leased EVsAlternatively, consumers also appear poised to get a tax break worth up to $7,500 for leasing new electric passenger vehicles.

☆ Some travel is 'off the charts' expensive, experts say. Here are 3 ways to cut some costs
▼ + stars: | 2023-04-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

D3sign | Moment | Getty ImagesInternational travel costs have hit record highsThe Eiffel Tower and Seine River at sunrise in Paris. The so-called "revenge travel" dynamic has helped to push up prices, perhaps most acutely for travel abroad. These are record-high prices, Berg said. People should be prepared not just for a busy travel season, but an expensive travel season. Sally French travel expert at NerdWalletThis summer is expected to be the busiest on record for international travel, the U.S. State Department said in March.

☆ Here's why travel to Europe is no longer a 'screaming, bargain-basement' deal
▼ + stars: | 2023-04-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Not all European countries use the euro — it's the official currency for 20 out of 27 European Union members. By the end of September, Americans could buy one euro with just 96 cents. "Europe for much of last year was a screaming, bargain-basement deal for Americans," said Mark Zandi, chief economist at Moody's Analytics. International trips account for about 56% of search demand among U.S. travelers, up from 46% last year, according to travel app Hopper's Consumer Travel Index published in February. Foreign travel for Americans is still a bargain.

☆ Don't be fooled by these 9 common money myths, finance gurus say
▼ + stars: | 2023-04-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

CNBC polled eight personal finance experts to help answer one question: What are the biggest money myths out there for consumers? Dealers therefore can have an incentive to charge a higher rate because they will also make more money, she said. Myth #3: Financial 'advice' always has your best interests at heartThere's a misconception that every financial advisor is a "fiduciary," said George Kinder, who pioneered the "life planning" branch of financial advice. "Although households and regulators remain concerned about the cost of financial advice, it's the absence of holistic financial advice that turns out to be so expensive," he said. There are many different fee models for financial advice, and the cost doesn't have to be significant: Many advisors have hourly or project rates, for example.

☆ Investing isn't free. But here's why 20% of investors think it is
▼ + stars: | 2023-03-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Investment fees may be a worthy addition to that list in the modern era — though not all investors are aware of this near-universal fact. These firms — whether an investment fund or financial advisor, for example — generally levy investment fees of some kind. watch now"And that makes you much less sensitive to the fees you're paying — in amount and whether you're paying fees at all." Here's the good news for many investors: Even if you haven't been paying attention to fees, they've likely declined over time. This is largely due to investors' preferences for low-cost funds, particularly so-called index funds, Morningstar said.

☆ Here are a financial advisor's 4 most important money tips for parents with young kids
▼ + stars: | 2023-03-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Save for future education costsThere are tax-advantaged ways to save for your child's future education. Among the most popular is the 529 plan, which allows parents to invest money for higher education and other costs. While each state has its own 529 plan, parents can invest in a plan outside of their state. "I think parents should ask, do they want to relinquish ownership of this money when their child is an adult?" There are other avenues for parents to invest for their kids, but they may be more challenging.

☆ Retirement vs. emergency savings: How to prioritize in a shaky economy
▼ + stars: | 2023-03-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Jamie Grill | Getty ImagesWhen you're on a tight budget, It can be tough to decide between contributing to your retirement savings or to your emergency fund — especially during periods of economic uncertainty. Although the 401(k) contribution limit jumped to $22,500 for 2023, experts say you shouldn't forgo emergency savings to max out your plan. More than half of savers are prioritizing short-term financial goals in 2023, including emergency savings, according to a recent study from Fidelity Investments. While maxing out your 401(k) should be the goal, your emergency savings is also important, she said. If your emergency savings are short after that, you should "definitely" divert any additional funds to build up that cash reserve, she said.

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