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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.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPorsche's $100 million EV alternativeMore than 70% of Porsche cars ever made are still on the road, according to some estimates. But to protect that heritage with electric vehicles on the rise, the German automaker has invested $100 million in eFuels, a class of carbon-neutral synthetic energy. Opponents are skeptical, calling eFuels expensive and inefficient. But Porsche and eFuel maker, HIF Global, believe they can reach large-scale production within a few years and prove skeptics wrong.

☆ How to determine if you should rent or buy in the current real estate market
▼ + stars: | 2023-04-26 | by ( Emily Lorsch | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to determine if you should rent or buy in the current real estate marketTo rent or buy has never been a simple decision and this ever-changing housing market isn't making it any easier. With surging mortgage rates, record rents and home prices, a potential economic downturn and other lifestyle considerations, there's so much to factor in.

☆ Why tipping in the United States has gotten out of hand
▼ + stars: | 2023-04-01 | by ( Emily Lorsch | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy tipping in the United States has gotten out of handTipping in the United States is on the rise to such a degree that experts call it "tipflation." The social pressure to tip well in front of the tip receiver, before a service is completed, or in front of other customers, encourages the trend, and the pandemic also has played a part in causing tips to soar. With Americans feeling the push to tip in higher percentages and for more services, the question is, where is the tipping point?

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise of dumb phonesDumb phones are growing in popularity in the U.S., and they still make up about a quarter of mobile phones actively in use worldwide. Affordability in developing countries is a significant benefit, but their resurgence in the U.S. may be tied to concerns about the mental health impact of smartphones, especially among younger generations.

America's biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question. However, the problem isn't as clear-cut as retailers and trade groups have made it seem. External retail crime accounts for only 37% of those losses, or about $35 billion, the NRF data shows. Still, law enforcement agencies and retailers insist organized retail crime remains an issue and said they stand behind their data. We see it every day in our stores," Scott Glenn, Home Depot's vice president of asset protection, told CNBC.

☆ Why retailers like Home Depot, CVS and Walgreens are spending billions on anti-theft technology
▼ + stars: | 2023-03-16 | by ( Jade Tungul | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy retailers like Home Depot, CVS and Walgreens are spending billions on anti-theft technologyAccording to the NRF, retail shrink, which refers to inventory loss due to theft, unknown loss and administrative error, reached $94.5 billion in 2021, a 4% increase from the year prior. While retailers and trade associations depict a "shoplifting epidemic," criminologists and civil rights advocates worry the story is more nuanced. They point out, among other things, that retail shrink is difficult to track, and of the data available, the methodology is inconsistent.

☆ The secret to credit card rewards
▼ + stars: | 2023-03-14 | by ( Emily Lorsch | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe secret to credit card rewardsHaving multiple credit cards and playing the rewards game can save you hundreds of dollars each year. Americans own four cards on average but not being able to pay off the balance in full every month can be damaging to your credit score and wallet. How much money you save using credit cards depends on your lifestyle and how you play the rewards game.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWho makes money from eggsEggs are a $10 billion industry and while the top five players hold an estimated 38% of the entire market, Cal-Maine Foods holds 16.8%. With prices more than doubling in 2022, profits have reached record highs. Watch this video to learn who profits from the egg industry.

☆ How I built my $3 million business buying cars at auctions
▼ + stars: | 2023-02-17 | by ( Emily Lorsch | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow I built my $3 million business buying cars at auctionsCraig Stowell owns Flying Wheels, a car dealership in Danville, New Hampshire. Valued at an estimated $3 million, Stowell's business buys about 80% of its cars at auctions around the country. Flying Wheels reached $1.3 million in sales last year. Many of those sales came from his online followers on YouTube and other social media. Watch this video to learn how Stowell built his $3 million business buying cars at auctions.

☆ Amazon Marketplace failed in China. Here's why
▼ + stars: | 2023-02-02 | by ( Jade Tungul | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon Marketplace failed in China. Here's whyAmazon debuted in China in 2004 by acquiring Joyo.com, an online media seller, for $75 million. Amazon pushed its e-reader and tablet product offerings, but China's complex regulatory approval delayed their debut. In 2012, Amazon's market share held at around 15%, but it later plunged to less than 1%, according to iResearch. Amazon officially closed its China marketplace in 2019.

China's e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American companies. Amazon entered the China market in 2004 through a $75 million acquisition of Joyo.com, an online book and media seller. The joint venture rebranded to Amazon China at the domain Amazon.cn in 2011. Between 2011 and 2012, Amazon's market share hovered at approximately 15%, but it later plunged to less than 1% by 2019, according to iResearch. Amazon officially closed its China online marketplace in July 2019.

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