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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 EmailHow UnitedHealth Group grew its annual revenue by more than $100B over the past decadeUnitedHealth Group is the biggest health-care conglomerate in the U.S. based on market cap and revenue. It's even bigger than JPMorgan Chase, the nation's largest bank. Annual revenue has nearly doubled over the past decade, when adjusted for inflation, from $144 billion in 2012 to $250 billion in 2022. The company's growth was fueled by an acquisition strategy that has been largely free of regulatory scrutiny. Watch the video above to learn how UnitedHealth grew so big and what that means for U.S. health care.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon drones make 100th delivery, lagging far behind Alphabet's Wing and Walmart partner ZiplineAmazon says its Prime Air drones recently completed 100 deliveries in two small U.S. markets. Meanwhile, competitors like Alphabet's Wing and Walmart partner Zipline have made hundreds of thousands of deliveries, although most of those have been overseas in Australia and Africa. The U.S. is a tough regulatory environment, with strict rules about flying over roads and people and beyond line of sight. Yet some companies have been granted broader certifications. Here's how Amazon fell behind.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Chile is shaping the global lithium industryChile contains some of the largest and highest quality lithium-brine resources in the world. And with demand booming for electric vehicles and the lithium-ion batteries that power them, Chile's vast salt flats have become a vital national resource. Now, the government has released its long-awaited national lithium policy, which requires private companies to partner with the state to further develop the country's lithium resources, ushering in a new era for the industry. 21:22 38 minutes ago

☆ Two strangers met on the River Nile. They’ve been married for 25 years
▼ + stars: | 2023-05-05 | by ( Francesca Street | ) edition.cnn.com time to read: +22 min

Since meeting as colleagues on a Nile tour boat, Christina, from the UK, and Wahid, from Egypt, had spent every moment they could together. Christina KandilOn her first night in Egypt, Christina introduced herself to the Kimo’s crew. On her second evening in Egypt, Christina found herself sitting next to Wahid outside one of the Kimo’s cabins. “And then Christina came, and I fell for her.”At first, Wahid didn’t tell Christina about this very recent ex-girlfriend. It’s now over 25 years since Christina and Wahid fell in love as twentysomethings on the River Nile.

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.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Americans are saving less in 2023Americans started the 2020s with a personal savings boom. The trillions in excess personal savings built up in the pandemic are beginning to vanish amid high inflation, according to Federal Reserve economists. The annual savings rate fell to a 15-year low in 2022. It started a recovery in 2023, but remains well below long-term trends. Despite this slowdown in saving, consumer spending has remained robust, keeping the U.S. from recession.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy European workers have better vacation policies than AmericansThe United States is the only advanced economy that doesn't guarantee workers paid time off. And nearly half of those who are offered paid vacations don't take the days, even though roughly 80% of U.S. workers receive some sort of paid time off. In France, in contrast, the cultural norm is to take off the entire month of August. But not taking vacation could be harmful to both workers' health and the economy. Watch the video above to learn more about the vacation story of these two cultures.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what led Virgin Orbit to bankruptcyVirgin Orbit seemed like a promising company. It was well capitalized, had a dedicated team of talent and a functioning launch system. But launch delays, an inability to land a major customer and an evolving satellite launch market eventually got the company in hot water. Watch the video to find out more about what led to Virgin Orbit's eventual bankruptcy.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy OSHA is investigating Amazon for 'failing to keep workers safe'For years, Amazon warehouse workers have been speaking up about unsafe conditions and how they risk injury to churn out millions of packages every day. Now their claims are being backed up by federal investigators who cited Amazon for "failing to keep workers safe" and new 2022 injury data that shows Amazon workers get injured at a rate of 6.9 for every 100 workers. CNBC spoke with workers who've been hurt and asked the government, and Amazon, what's being done to make these warehouses safer.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy cities are filling up with luxury apartmentsAn apartment building boom is unfolding in the U.S. This is a welcome signal as many cities remain stuck in a housing shortage. The shortfall in home supply has pushed many people into budget-stretching rents. Many of the new multifamily structures feature "luxury" amenities, such as pools and easy access to transportation. Washington policymakers are now attempting to address regulations that slow the pace of homebuilding, in an attempt to resolve rent inflation concerns.

☆ Morning Bid: Dogged inflation shades rebound
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +4 min

But for most major stock and bond investments beyond the banking sector itself, the quarter remained a pretty upbeat one overall. "Inflation remains too high and recent indicators reinforce my view that there is more work to do," said Boston Fed chief Susan Collins. Futures markets are still broadly split on the chances of another Fed hike in May, but leaned a bit more on Friday to one more quarter point move. But core inflation, excluding energy and unprocessed food, ticked up as forecast to a new record high for the bloc at 7.5%. Germany said import price inflation fell to its lowest in two years at 2.8% in February.

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.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy predicting the weather is so hardWeather forecasting is a complicated task for the National Oceanic and Atmospheric Administration that begins with collecting billions of observations per day on metrics like temperature and wind speed. This information is then fed into supercomputers that produce weather models that meteorologists use to come up with forecasts. But these models are not perfect. Now, NOAA is exploring buying data as a service from startups like Tomorrow.io and Saildrone to improve its forecasting.

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.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the Federal Reserve aims for 2% inflationThe 2% inflation target is key to the Federal Reserve's vision for stable prices. But what's the origin of this 2% inflation goal? In the late 1980s, the country faced high inflation when one economist proposed, 'Why don't we just have an inflation target?" The U.S. declared its 2% target in 2012. Watch the video above to learn more about why some economists argue for changing the target, lower or higher, and whether it stands a chance of changing anytime soon.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the big banks created ZelleCompetition among peer-to-peer payment apps like Venmo, PayPal, Cash App and Zelle have been heating up for the past 10 years. The big banks tried to compete in the space when PayPal first came on the scene 25 years ago, but their business models failed. Now, Zelle, a seven-bank platform, is outpacing its rivals in average transaction value. But a rise in reported fraud activity recently got the attention of Congress, with allegations that the banks aren't supporting those affected customers.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy making salary ranges public may shrink pay gaps but slow wage growthMore parts of the United States are establishing pay transparency laws. Lawyers and economists say these rules may reduce pay discrepancies that can greatly affect marginalized groups. But a growing body of economic research suggests that transparency policies like public salary listings and rights to discuss wages could result in the unintended consequence of suppressing wage growth over the long term. 10:32 9 minutes ago

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the secret $40 billion food fraud market worksThe food in your kitchen cabinets may not be what it seems. Fraudsters motivated by economic gain secretly infiltrate the global food market through a variety of means, including counterfeits, dilutions, substitution and mislabeling, according to the Global Food Safety Initiative. This not only adds to your food bill, but can put your health and safety at risk. Some estimates say food fraud affects at least 1% of the global trade at a cost as high as $40 billion a year.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise and fall of the Boeing 747Boeing's 747 is one the most recognizable planes to take to the skies. It has flown more than 3.5 billion passengers since 1970. But over the last few decades, airlines have looked for more ways to cut costs and to make airplanes more efficient. CNBC visited Boeing's Everett, Washington factory to see the last 747 roll off the production line. CNBC takes a look at how the 747 changed aviation and what's next for Boeing.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow BofA came back from the brink of collapseWith assets totaling more than $3 trillion, Bank of America is the second-largest bank in the U.S. today. Shares of the company have seen astonishing gains of over 290% in the last decade. But just more than a decade ago, the 2008 financial crisis pushed the bank to the brink of collapse. It was a loss so catastrophic that it required a $45 billion bailout from the U.S. Treasury. So how was Bank of America able to stage such an impressive comeback and where is it headed next?

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow corn fuels the U.S. economyThere's a reason people refer to corn as yellow gold. In 2021, the United States' corn crop was worth over $86 billion. According to the USDA, The U.S. is largest consumer, producer and exporter of corn in the world. At $2.2 billion in 2019, corn is the most heavily subsidized of all crops. Here's how the U.S. started fueling its economy with corn.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy everyone seems to be getting sickIf it seems like everyone around you is getting sick, you're not imagining it. Covid precautions did lead to lower rates of flu-like illnesses compared to normal, pre-pandemic times. But now that much of America has abandoned preventive measures such as masking, more people are getting sick. One illness is respiratory syncytial virus, or RSV, which can affect young children the most. Watch the video to learn more about why this season is starting off with a surge and what to do about it.

It's easy to post videos on Instagram in three different ways. You can post videos to your feed or your story, and you can also privately send videos through direct message. You can post recorded moments to your feed and stories, and Instagram also allows you to privately send videos to friends through a direct message. Check out the products mentioned in this article:How to post videos on Instagram as a post1. If you're selecting a video from your library, tap on the video(s) you'd like to send and then tap "Send."

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy both the Democrats and Republicans are so dislikedJust two political parties have long dominated American government. The 117th Congress had just two independent members in the Senate, who both caucus with the Democrats. It's been more than half a century since a candidate who wasn't a Democrat or a Republican won any electoral votes in a presidential election. But an increasing number of Americans are expressing their discontent, with a study [cite source here] saying that nearly 4 in 10 of them want more parties to choose from.

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