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Mark Zuckerberg's fortune has ballooned by about $70 billion this year. The Meta CEO is now worth $198 billion, up from $128 billion at the start of the year. The Meta cofounder and CEO has become $70.3 billion richer this year, boosting his net worth to $198 billion, according to the Bloomberg Billionaires Index. Zuckerberg now ranks third on the rich list, ahead of LVMH CEO Bernard Arnault (worth $183 billion) and Oracle's Larry Ellison (worth $179 billion). AdvertisementHowever, Huang's fortune has grown by $59.4 billion to $103 billion this year, with Nvidia stock up 144% since the start of January.
Persons: Mark Zuckerberg's, Nvidia's Jensen Huang, , Mark Zuckerberg, Jensen Huang, Zuckerberg, Bernard Arnault, Larry Ellison, Huang Organizations: Service, Bloomberg, Nvidia, Meta Locations: Meta
$ 5.34 $ 5.34 Estimated Environmental cost + $ 22.02 Say a pound of beef costs $5.34 at your local supermarket. The Hidden Environmental Costs of Food Damage to the natural world isn’t factored into the price of food. The proponents of true cost accounting don’t propose raising food prices across the board, but they say that increased awareness of the hidden environmental cost of food could change behavior. (True cost accounting also typically includes things like labor rights and dietary health, but here we’re focusing on environmental costs.) Large disparities between the retail price of food and its environmental costs are found in the proteins many of us eat every day.
Persons: True Price, , Claire van den Broek, “ They’re, Alexander Müller, True, , Scott Swinton, Roger Cryan, Mario Herrero, chickpeas Organizations: United Nations, Rockefeller Foundation, True, Sustainability, Michigan State University, American Farm Bureau Federation, New, Cornell University, Price, Beef, Oxford University, , U.S . Department of Agriculture, Mountain, United Nations Food, Agriculture Organization Locations: Dutch, United States, Berlin, New York State, Denmark, Walmart.com, U.S, North America, Europe, Brazil, India, Netherlands, Germany
FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options. Shares in the Memphis-based delivery giant tumbled almost 11% to $267.74 in after-hours trading, dragging shares in rival United Parcel Service down 2.5%. The shift to less-profitable packages is squeezing profits at FedEx and UPS. Subramaniam is leading a complex restructuring at FedEx that involves slashing billions of dollars in overheads and merging its separate Ground and Express delivery units. On an adjusted basis, profit fell to $3.60 per share from $4.55 per share a year ago.
Persons: Raj Subramaniam, Subramaniam Organizations: FedEx, United Parcel Service, UPS, Reuters, Federal, United States Postal Service, FedEx Freight Locations: Memphis, China, Shein, U.S
New York CNN —Wednesday is National Cheeseburger Day, with some of the biggest chains offering some much-needed discounts amid consumer complaints about rising prices. It’s part of company’s string of deals to kickstart slumping sales, including recently extending its popular $5 value meal until December. Fast food has been a low-profit margin business with little customer loyalty. McDonald’s pricey burgers have become a flashpoint of criticism and a symbol of elevated fast food prices. So deals are particularly crucial to fast food companies at the moment to lure customers back.
Persons: they’re, Burger King, Jack, Jack ” cheeseburger, , Joe Erlinger Organizations: New, New York CNN, Wednesday, McDonald’s Locations: New York, White, McDonald’s USA
Harris responded that she’d cap child care costs at 7% of working families’ income, following the Biden administration playbook that she was heavily involved in writing. “My plan is that no family, no working family, should pay more than 7% of their household income in child care,” Harris said Tuesday at a National Association of Black Journalists event, noting that steep child care expenses make it difficult for many parents to work. Child care advocates were buoyed by Harris’ answer on Tuesday. Parents with two kids in a child care center paid on average at least twice as much for that care as they did for the typical rent in 11 states and the District of Columbia in 2023, according to a Child Care Aware of America report released in May. That equates to 10% of median household income for a married couple with children and 32% of median income for a single parent with children, Child Care Aware found.
Persons: Donald Trump, Sen, JD Vance, Kamala Harris, Harris, Biden, playbook, ” Harris, Joe Biden’s, , Harris ’, Melissa Boteach, ” Boteach, Trump, Vance, Charlie Kirk, you’re Organizations: CNN, National Association of Black Journalists, Congressional, Office, Department of Health, Human Services, National Women’s Law, District of Columbia, Nationwide, Economic, of New Locations: trillions, of New York, Arizona
How to make the Fed rate cut work for you
  + stars: | 2024-09-18 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +11 min
In its August survey of car shoppers, a majority (64%) said a Fed rate cut likely would affect the timing of their purchase. But here’s the thing: Car loan rates are pretty high — the average is 7.1% for new cars and 11.3% for used cars, according to Edmunds. If you do buy a home this year and are considering buying down points to reduce your mortgage rate, crunch some numbers first, Diodato advised. That’s because you will pay thousands of dollars to buy down your mortgage rate now, and then thousands more in fees to refinance. What to do if you’re not near retirement: Reconsider how much money you’re keeping in cash or cash-equivalent investments.
Persons: Jerome Powell, Powell, , , Greg McBride, McBride, Chris Diodato, Jessica Caldwell, ” McBride, Caldwell, We’re, Diodato, you’ll, won’t, Kathy Jones, Jones Organizations: CNN, Federal Reserve, Bankrate.com, Fed, Treasury, FDIC, Schwab Center, Financial Research, AAA, Bond Locations: Edmunds, Schwab.com
X owner Elon Musk, who has endorsed Trump, replied, "And no one is even trying to assassinate Biden/Kamala." Related stories"I don't think this is much more than just confirmation that X is not a place for brands. This year, advertisers slashed their X marketing budgets ahead of major events like the Super Bowl. Musk is still the richest person in the world, with a net worth of about $250 billion, per Bloomberg. AdvertisementSo X may suffer, but Musk will probably come out alright.
Persons: , Donald Trump, Elon Musk, Trump, Biden, Kamala, Tucker Carlson, Brian Morrissey, Digiday, Brendan Gahan, Musk, Musk's, Gahan, bode, Morrissey, he's, haven't, outrageousness, Eric Dezenhall Organizations: Service, Business, LinkedIn, Authority, Disney, Apple, Walmart, Cannes, Street Journal, Twitter, Bloomberg, Dezenhall Resources Locations: South Africa
Amazon Basics Memory Foam Mattress (10-inch, Queen) While it has its shortcomings, the Amazon Basics Memory Foam Mattress is a good budget option for side sleepers and couples. AdvertisementConstructionYour body sinks into the foam of the Amazon Basics Memory Foam Mattress. AdvertisementComfortWhile Joyner and I tested the Amazon Basics Memory Foam Mattress in different thicknesses, we both tested the queen size and plush feel. AdvertisementThe bottom lineWhile the 10-inch Amazon Basics Memory Foam Mattress was comfortable, the 8-inch version (shown here) will likely be uncomfortable for most adults. The Amazon Basics Memory Foam Mattress is only $300, so it's no surprise it has deficiencies.
Persons: Kylie Joyner, Read, Joyner, Alyssa Powell, Erin Brains, James Brains Organizations: Business, Garmin Locations: Siena
Stocks in the firm's coverage universe have "significantly front-loaded expected rate cut benefits, well in excess of prior fed cycles," he said. The chances of a smaller 25 basis point cut have fallen to a 41% chance. Barclays analyst Matthew Bouley is watching the data very closely as well and said a lot will depend on how consumers react as mortgage rates fall. Bouley said this is one of the clearest signs yet that a recent decline in mortgage rates is bringing buyers into the market. Slightly more than half the analysts who cover the stock rate it a buy or overweight, it said.
Persons: Mike Dahl, Dahl, Toll, Taylor Morrison, Matthew Bouley, Bouley, Horton Organizations: Federal Reserve, RBC Capital Markets, Tri, Tri Pointe Homes, Toll, RBC, KB, Barclays Locations: Tri Pointe, staving, Horton
Faster delivery is prompting more and more people to turn to Amazon to buy paper towels and other everyday items. The growing prevalence of one- and same-day delivery has made Amazon a much more convenient to place to shop for everyday essentials. "If people buy everyday essentials on Amazon, they're more likely to buy other products too," said Jeff Marks, the Club's director of portfolio analysis. This added convenience in ordering everyday essentials from Amazon comes at a challenging time for physical retailers known for selling those same products. The company likes "to be in the consideration set for consumers" in the everyday essentials since it helps drive market share gains, Olsavsky said.
Persons: , it's, Jeff Marks, Andy Jassy, Jassy, Gil Luria, Davidson, We've, Jim Cramer, Amazon's, Brian Olsavsky, Olsavsky, Wells, Ken Gawrelski, Gawrelski, Morgan Stanley, we're, Davidson's Luria, Luria, Jim, Jim Cramer's, Angus Mordant Organizations: Walgreens, CVS, Aid, D.A, Amazon, CNBC, Bloomberg, Getty Locations: Target, North America, New York
The menu description for the $52 Caviar Martini included Grey Goose, toasted rye, white peppercorn, dolin blanc, bitters, and 14 grams of caviar. Monkey Bar, New York City: $34The Monkey Bar Martini at Monkey Bar in New York City. The restaurant offers various options — including a $74 Añejo Negroni — but we tried the $34 Monkey Bar Martini. Ordering the Ocean Martini is an experience that invites guests to expand their pallets. Given the pour size and the snack, we'd say the price for the Ocean Martini is worth it.
Persons: , Trevin Hutchins, Dante, Kelsey Vlamis, Martini, Grey, Lloyd Lee, Nicoulai, Aphotic, Hutchins, Lauren Edmonds, Marlon Brando, couldn't, Bar, Frasco, Gibson, Bobby Murphy, Murphy, kombu, Scrooge, he's, I'm Organizations: Service, Business, Beverly Hills, Michelin, Monkey, Museum of Metropolitan Art, ILIS, Wine, Grub, ILIS's Locations: Francisco's, Los Angeles, San Francisco, New York, Dante, Beverly Hills, West, New York City, Beverly, Los, Boston, Aphotic, , New York City, Manhattan, Elysée, Kyoto, Japan, ILIS
Below, we've compiled everything you need to know about how to watch UFC 306, including options from around the world. Whether you've never missed a UFC event or you're trying to tune in for the first time, we've got you covered. How to watch UFC 306 in the USUFC 306 is available through ESPN Plus in the US. Check price at ESPNHow to watch UFC 306 everywhere elseIn the UK, you can watch UFC on TNT Sports through Discovery Plus. For the first time ever, a UFC event will be held at the MSG Sphere in Las Vegas, Nevada.
Persons: Sean O'Malley, Merab Dvalishvili, O'Malley, Dvalishvili, Alexa Grasso, Valentina Shevchenko, you've, we've, ExpressVPN, Prelims, Brian Ortega, Diego Lopes, Daniel Zellhuber, Esteban Ribovics, Ronaldo Rodriguez, Osbourne, Irene Aldana, Norma Dumont, Manuel Torres, Ignacio Bahamondes, Yazmin, Ketlen Souza, women's, Edgar Chairez, Kevin Borjas, Raul Rosas Jr Organizations: Business, Noche, UFC, ESPN, TNT, UK, ESPN Plus, TNT Sports, Discovery, & Company, Phish Locations: Riyadh, Canada, Las Vegas , Nevada
Financial losses "involving the use of cryptocurrency, such as bitcoin, ether or tether" last year totaled over $5.6 billion, per the agency's 2023 Cryptocurrency Fraud Report . Americans lost billions to cryptocurrency scams in 2023, according to a recent report from the United States Federal Bureau of Investigation. However, investment scams swindled Americans out of $4 billion, the highest loss by crypto crime type last year, per the FBI's report. They'll sometimes communicate with victims for months in order to gain their trust before offering so-called investment advice about cryptocurrency. And even after paying the fees, many victims aren't able to recover the bulk of what they've already lost, per the FBI's report.
Persons: fraudsters, they're, they've Organizations: FBI, United States Federal Bureau of Investigation
A luxurious foldable TV from C Seed costs $283,000. The display folds up at multiple points when not in use to better blend into a living room. Go to newsletter preferences Thanks for signing up! AdvertisementFor the millionaire who has a garage full of sports cars, there's now a folding TV that costs just as much as a new vehicle. Enter the C Seed N1, a massive 4K TV that unfolds like a machine in "Transformers" and then folds back up again to become a gleaming metal sculpture when not in use.
Persons: Organizations: C, CES, Service, expos, Consumer, Business
I was studying for my undergraduate degree at the University of California, Santa Cruz, and paying $1,300 a month to share a two-bedroom apartment with three other students. The cost of my education aside, studying in Belgium and getting my degree there has been better than I could've imagined. Fortunately, I live just a 10-minute walk from the city center in my student housing, a four-bedroom apartment I share with three roommates. I save a lot of money on my healthcare, tooLeuven is meant to be a walkable city. AdvertisementI'm grateful for my time in the US, but continuing my education in Europe has been excellentAs a student without a full-time salary to afford the American standard of living, studying internationally has been a no-brainer.
Persons: , weren't, I'm, it's, I've Organizations: Service, University of California, Business, KU Leuven, UC Santa Cruz Locations: Santa Cruz, California, Belgium, Leuven, Aliaksandr, Europe, United States
NFL season opened with a stealth bomber fly-over in Kansas City last week. Digital TV antennas offer a cost-effective way to watch live sports without pricey subscriptions. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe NFL season opened last week with a stealth bomber soaring over the Kansas City Chiefs' stadium while Coco Jones belted out The Star-Spangled Banner.
Persons: CivicScience, , Coco Jones Organizations: Service, Kansas City Chiefs, TiVo, Business Locations: Kansas City
However, inflation-weary consumers might be taking their money elsewhere when it comes to theme parks. In its 2024 third-quarter results, Disney blamed a "softening consumer environment" for sliding demand in its theme parks. A one-day, single-park ticket for Walt Disney World has climbed on average 5% per year over the past 10 years. On the other hand, the price of Disney World and Disneyland's cheapest ticket has remained steady since 2019. A Disney World one-day, one-park, off-peak ticket will cost a park-goer $109, and its equivalent at Disneyland is $104.
Persons: Disney, Walt, Ken Potrock, Peter Supino Organizations: Walt Disney, Universal Studios, Comcast, Disneyland Resort, Disney, Wolfe Research, Magic, CNBC Locations: U.S
"Everyone seems to believe that inflation will return to its boring old normal," said Chief European economist Tomasz Wieladek. Changes in central bank policy, expectations, labor markets, and globalization mean that inflation will likely stay volatile going forward." Depending on circumstances, this could set the scene for another large inflation target miss." For instance, JPMorgan chief Jamie Dimon has repeated warnings of a pricey future, as global militarization and the green transition stoke inflation. "While AI will likely have a disinflationary effect in the medium term, the associated energy consumption could contribute to higher short-term inflation."
Persons: , Rowe Price, Tomasz Wieladek, Wieladek, Jamie Dimon, Donald Trump Organizations: Service, Financial Times, Business, JPMorgan Locations: Europe
There are currently a handful of electric trucks for purchase in the U.S. market: the Tesla Cybertruck, Ford F-150 Lightning, Rivian R1T and General Motors' GMC Hummer EV, GMC Sierra Denali and Chevrolet Silverado. The GMC Hummer and Rivian also have SUV versions, which feature similar functions as their pickup counterparts but in different forms. The SUV version is smaller and more manageable to drive than the pickup truck version. When the F-150 Lightning hit the market, it was the first "mainstream" electric truck. An electric Ford F-150 next to a Tesla Cybertruck in front of Ford's world headquarters on Aug. 27, 2024 in Dearborn, Mich. Michael Wayland / CNBC
Persons: Michael Wayland, CNBC DETROIT – Tesla, Stephanie Brinley, it's, Stephanie Valdez Streaty, Tesla, Ford, Rivian R1T, Rivian, Kelley, Sierra EVs Organizations: GMC, Denali, Tesla, Ford, CNBC DETROIT, Motors, Rivian Automotive, P Global Mobility, Cox Automotive, General Motors, GMC Hummer EV, GMC Sierra Denali, Chevrolet Silverado, Motor Intelligence, Renaissance Center, CNBC, GM, U.S . Environmental Protection Agency, Cruise, Silverado, GMC Sierra GM's, DC, Chevrolet, Sierra Locations: U.S, Detroit, Dearborn, Mich
Taylor Swift attended the Kansas City Chiefs game on Thursday to support Travis Kelce. AdvertisementFootball is back, and so is Taylor Swift. Throughout the 2023-24 season, she often wore Chiefs gear or custom clothing that featured Kelce's number, 87. AdvertisementBut at Thursday's game, Swift seemed to fully embrace her WAG status, arriving in designer clothes and high-end jewelry. AdvertisementThe most expensive piece Swift wore was the Ruby Impetus interlocking puzzle ring from Retrouvai.
Persons: Taylor Swift, Travis Kelce, Versace, , Swift, Kelce, Joseph Cassell Falconer, David Eulitt, Giuseppe Zanotti, Louis, It's, Bergdorf Goodman, retails, Randi Molofsky, Falconer, Taylor, Molofsky, it's, Lizzie Mandler, Kendall Junck Organizations: Kansas City Chiefs, Service, Baltimore Ravens, NFL, Arrowhead, Chiefs, Ravens, Louis Vuitton, TNT Locations: Kansas City , Missouri
That continues a trend from 2023, when generative AI companies raised $25.9 billion for the full year, up more than 200% from 2022. The average round for AI companies is 140% bigger this year compared with last, the data shows, while for non-AI companies the increase is only 10%. Most venture investors are bullish on the potential for generative AI to eventually create big returns at the application layer. John-David Lovelock, an analyst at Gartner and a 35-year veteran of the IT industry, sees a big opportunity for generative AI in the enterprise. Yet, in 2024, only 1% of the trillion dollars spent on software will be from businesses spending on generative AI products, he said.
Persons: Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, aren't, They're, Melissa Incera, Chip Hazard, PitchBook, that's, Cerebras, hasn't, Jeremiah Owyang, Owyang, That's, , Cohere, Tobias Lutke, Inovia, JPMorgan Chase, Elon Musk's, what's, NASA's, Joe Raedle, Michael Harris, David Lovelock, Lovelock Organizations: Amazon Web, Getty, Microsoft, Nvidia, Tech, P Global Market Intelligence, CNBC, U.S, Forge, Flybridge Capital Partners, Federal Reserve, Meta, Nasdaq, Benchmark, Foundation Capital, SEC, Blitzscaling Ventures, Menlo Ventures, Inovia, Menlo, SPV, AMD, Oracle, Representatives, JPMorgan, Morgan Private Ventures, Elon Musk's SpaceX, SpaceX, Polaris, NASA's Kennedy Space Center, New York Stock Exchange, NYSE, Astera Labs, Tempus, Google, Facebook, Gartner Locations: Vegas, Las Vegas, PitchBook, Anthropic, Montreal, xAI, Cape Canaveral , Florida
People pay to see panoramic skyline views without realizing they can find them for free. The Sky Garden, the capital's highest public garden, has two bars and two restaurants. But visitors can get a similarly fantastic view at the Sky Garden, which is right across the River Thames from The Shard. London's highest public garden offers some of the best views of the city's skyline and comes complete with an indoor garden, restaurants, and bars. Local tip: Tickets for Sky Garden are available three weeks in advance, and they're released on a weekly basis every Monday morning (excluding bank holidays).
Persons: they're Organizations: Sky Locations: London
Check price at Fubo What we like Check mark icon A check mark. Hulu + Live TVHulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN Plus. Check price at Hulu What we like Check mark icon A check mark. Check price at ESPN What we like Check mark icon A check mark. Check price at Amazon Prime Video What we like Check mark icon A check mark.
Persons: we've, Hulu's, There's, Max Max, Max, It's, Peacock, don't, We've Organizations: Business, AMC, TNT, TBS, CNN, ABC, CBS, FOX, NBC, ESPN, ESPN2, ION, NBA TV, NFL Network, MLB Network ABC, MLB, AMC TNT, Pro, Elite, NBA, NHL, TV, FS1, Hulu, Disney Plus, Disney, Nintendo, Showtime, MLB Network, NFL Network ABC, NFL, ION AMC, Tennis Channel, UFC, Doesn't, Paramount, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, UEFA Champions, Paramount Pictures, CBS Sports Network, Big Ten, UEFA Champions League, HBO, Max, Warner Bros, Parks, Recreation, NBC Sports, Amazon, Thursday, Football, Apple, Leagues Cup, MLS Locations: Hulu
I'm a frequent traveler spending $1,300 a year on credit card fees to get great perks. My United℠ Explorer Card card has gotten me priority boarding but I'm not sure I want to keep it. For years, I prided myself on using no-fee credit cards that offered a small amount of cash back on purchases. But I changed my mind once I started traveling more and learning about the perks some credit cards offered. Here are my favorite travel card perks, plus a few I've enjoyed but would be OK losing.
Persons: I'm, , I've, Taylor Rains Organizations: American Express, Service, Honors, Chase, United, United Club Locations: New Delhi, Washington, DC
How much is too much to spend on jeans?
  + stars: | 2024-08-18 | by ( Fiona Sinclair Scott | ) edition.cnn.com   time to read: +8 min
Of course, there were the aghast social media comments, those are to be expected, but the moment also inspired a reasonable question: How much is too much to spend on jeans? These jeans are something of an outlier, having been designed — undoubtedly — with celebrities and the 1% in mind. Cheaper options are plentiful across the market — from classic $100 Levi’s to newer denim brands, such as MUD Jeans or ELV Denim, emphasizing their sustainable or circular credentials (jeans in this category tend to be priced around $200 to $500.) A brief buyer’s guideNew York-based stylist and newsletter author Becky Malinsky wearing Auralee jeans. “I feel, personally, there are many sustainable brands out there that are producing a really good pair of jeans for around $150 to $200.
Persons: Blake Lively, Valentino, Porter, Ssense, Jean Paul Gaultier, Ralph Lauren, Becky Malinsky, , , don’t, Malinsky, jean I, it’s, Sid Marshall, jean, Eric Charbonneau, Sandra Capponi, Ani Wells, Wells, , you’re, can’t, Kurt Cobain’s Organizations: CNN, Gabbana, Citizens, Humanity, Transformers Foundation Locations: New York
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