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The Bank of America Institute found the top eight cities where people are moving for cheaper rent. "Consumers would rather pack their bags than pay a higher rent, and that can play out in two ways," Joe Wadford, an economist at the Bank of America Institute, tells CNBC Make It. Cleveland, Ohio Ken Redding | The Image Bank | Getty ImagesTop 8 U.S. cities where people are moving for cheaper rentCleveland, OhioIndianapolis, Ind. The state of Ohio had two cities land in the top 8 on the Bank of America Institute list. The city is home to major sports teams like the Cleveland Cavaliers, the Cleveland Guardians, and the Cleveland Browns.
Persons: Major metropolises, Joe Wadford, Wadford, Cleveland , Ohio Ken Redding, Bill Dickinson Organizations: of America Institute, Bank of America Institute, Bank of America, Las Vegas , Nevada Eyeem Mobile, Istock, Getty, CNBC, Bank, Cleveland, Cleveland Cavaliers, Cleveland Guardians, Cleveland Browns, Roll Hall of Fame, Cleveland Museum of Art, Columbus, Columbus Ohio Sky Locations: Las Vegas , Nevada, West, Northeast, New York, Boston, San Francisco, San Jose, Los Angeles, Cleveland , Ohio, Cleveland , Ohio Indianapolis, Ind, Las Vegas, Nev, Columbus , Ohio Jacksonville, Fla, Austin , Texas Phoenix, Ariz, Nashville, Tenn, Ohio, U.S, Columbus Ohio
| How I tried the Tovala Smart Oven Pro | My experience with Tovala Smart Oven Pro | Who is the Tovala Smart Oven Pro for? Dimensions: 18.5 x 12.32 x 11.75 in | Colors: Charcoal Black | Wi-Fi connected: YesHow does the Tovala Smart Oven Pro meal subscription work? My experience with the Tovala Smart Oven ProOverall, I was extremely impressed with the Tovala Smart Oven Pro and the brand’s meal subscription service. As mentioned, the Tovala Smart Oven Pro comes with a number of accessories, each of which were individually wrapped in plastic. Smart featuresFor me, where the Tovala Smart Oven Pro really stands out is outside of the meal subscription service.
Persons: Bethany, Gnocchi Alfredo, Bethany Heitman, I’ve, they’re, I’ll, , you’re, Burger, I’m, Joe’s, , fryer, TikTok Organizations: Smart, Apple, NBC, Facebook, Twitter Locations: New York City, Omaha, waffles, Kodiak, Tovala
It all started with foam teaInvented in the 1980s, bubble tea (also called “black pearl tea” or “boba tea”) is a beloved Taiwan classic. Lin Hsiu Hui, product manager at bubble tea chain Chun Shui Tang, said she created the very first glass of bubble milk tea at a staff meeting in 1988. Bubble tea chain Easy Way argued in a press conference, “Why don’t you ask people to skip drinking Coke instead?”The saga was dubbed the “bubble tea for arms” incident by local media. Bubble tea 2.0Bubbleology founder Assad Khan says his first bubble tea experience was 'love at first sip.' But no matter how funky you get with the recipe, the soul of a good bubble tea has always been, well, the tea.
Persons: that’s, Simu Liu, Canadian Liu, , it’s, Chang Fan Shu, yao, shou yao, , Tseng, Tsang, Tu Tsong, – Tu, Tu, ” Tu, Lin Hsiu Hui, Tang, ” Lin, Chun, Chun Shui Tang, boba ”, Amy Yip’s, Assad Khan, ” Khan, Bubbleology, It’s Organizations: CNN, Marvel, CBC, Chun, CNN Travel, Chun Shui Tang, hawker, Defense Ministry Locations: Hong Kong, Canada, Quebec, Canadian, Taiwan, , Tainan, Hanlin, United States, China, Assam, hawker, Asia, British, Chinatown, New York, Lankan
Our love for cruising saved our marriage after our kids went to college. I love traveling and was excited to do more of it, just the two of us. She even splurged for everyone to get an upgraded balcony cabin, which made all the difference. Felicia SlatteryOnce our kids went away to school, we leaned into our love of cruising together. We've shared memorable moments that have reignited the spark in our marriage, from watching balcony sunsets to embarking on unforgettable shore excursions.
Persons: , He's, we'd, Felicia Slattery, We'd, he'd, We've Organizations: Cruises, Service, Disney
The holiday shopping season continues to start earlier in the year, thanks largely to Amazon. Amazon's 48-hour deals event is underway, along with competing sales by the major retailers. The holiday shopping season is underway earlier than ever, thanks largely to Amazon moving up its Prime Day deals event. Target kicked off the sequence early on Sunday with its Circle Week, while Walmart's Deals event gets underway online on Tuesday and in stores on Wednesday. What better way for retailers to tap into those trends than to invent a holiday that celebrates deals and kicks off a whole season of festivities?
Persons: Organizations: Target, Costco, Service
Making the most advanced semiconductors requires cutting-edge lithography scanners to print the small, complex circuit designs onto microchips. But the Dutch government has banned the sale of its most advanced equipment to China. "Recreating advanced lithography systems that took ASML decades to develop and commercialize is a tall order for any individual Chinese company," Triolo said. SHANGHAI, CHINA - NOVEMBER 8, 2023 - Visitors learn about lithography machines at the booth of ASML at the 6th CIIE in Shanghai, China, November 8, 2023. Meanwhile, the U.S. is not only restricting China's access to chips, but trying to boost its own industry thus further widening the technological gap.
Persons: Huai, Leping Huang, ASML, John Lee, Paul Triolo, Triolo, Lee, Camille Boullenois Organizations: Nurphoto, Getty, Huatai Securities, East, West Futures, Technological, China, DGA Group, ., Chips, Semiconductor Industry Association, Boston Consulting Group Locations: HUAI'AN, CHINA, Jiangsu province, China, U.S, . Netherlands, SHANGHAI, Shanghai, Taiwan
Read previewIf you'd asked me just a year ago what I thought of cruises, my answer would have been a resounding "meh." One highlight was the high-flying acrobatics show that I still can't believe happened on a cruise ship. The kids' club was a massive perk, tooAs befitting the grand scale of this ship, Wonder of the Seas' kids' club was far more than just a themed room with a babysitter. My little one loved the kids' club so much that she begged for more time there whenever we went to pick her up. I'm a fan of cruises now — and I think the bigger the ship, the betterI loved how many activities the cruise ship had to offer.
Persons: , you'd, we'd, Brittany Chang, Taylor Swift, I'd Organizations: Service, Business, Royal Locations: Brittany, Royal Caribbean
I bought a premium ticket for my four-hour ride on the Alaska Railroad from Denali to Fairbanks. My GoldStar premium seat was roomy, the views were great, and I got a three-course meal. The $114 I paid to have this premium ticket instead of the standard one was well worth it. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . One highlight in particular was my four-hour ride on the Alaska Railroad from Denali National Park to Fairbanks.
Persons: Organizations: Alaska Railroad, Service, Business Locations: Denali, Fairbanks, Alaska
If you don't recognize the brand's name, you might know its iconic grooved aluminum luggage. LVMH acquired the now-126-year-old German company in 2016Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company's buyers are split evenly between male and female. Brittany Chang/Business InsiderRimowa gave rise to two of the largest hard-shelled luggage trends when it debuted its aluminum luggage in the 1920s and its polycarbonate options eighty years later. (Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company is constantly monitoring and improving its quality.) Brittany Chang/Business InsiderJust don't bring your luggage in for repairs when it inevitably gets scuffed up.
Persons: , John Baptist's, he's, Martha Stewart, Rodger Federer, Billie Eilish, Baptist, John Baptist It's, LVMH, Hugues Bonnet, Brittany Chang, Louis Vuitton, Tiffany, Bernard Arnault's, Rimowa, they've, Tania Antonenkova, Tania Antonenkova Tania Antonenkova, Birkin, she's, Antonenkova, Carter Smith, Smith, doesn't, Haines, Masimbert, Vanessa Garoute, Garoute, Vanessa Garoute Garoute, — she's, you'll, Jane Birkinifying Organizations: Service, Business, York City Locations: Los Angeles, China, Europe, Asia, North America, Germany, Miami, Vegas, France, Rimowa's, York
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I'd spent carefree years bouncing around Kyrgyzstan and Lebanon, Sri Lanka and Mexico, India and Armenia. Advertisement"Living death," that's how my philosopher-slash-guitarist father had nicknamed office work. Author's view from hotel overlooking the Bay of Algiers Ariel Sophia BardiA freelance job helped me feel free againI needed to start living again. I make no comparison between their incredible courage and my own infinitely milder risks, which soon included drifting back to freelance work.
Persons: , I'd, Trump, wasn't, Algiers Ariel Sophia Bardi, warbled, Rai, one's Organizations: Service, Business, Microsoft Locations: Algeria, Palms, Algiers, California, Kyrgyzstan, Lebanon, Sri Lanka, Mexico, India, Armenia, Oran
Salesforce to acquire startup Own for $1.9 billion in cash
  + stars: | 2024-09-05 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Marc Benioff, CEO of Salesforce.com, speaks during a keynote at the Dreamforce 2023 conference in San Francisco on Sept. 12, 2023. Salesforce announced Thursday that it would pay $1.9 billion in cash for Own Co., a startup specializing in tools for backing up data in cloud-based applications. The startup, formerly known as OwnBackup, was valued at $3.35 billion in a 2021 funding round. Salesforce Ventures, the cloud software company's venture arm, invested in that round and earlier ones. WATCH: Salesforce CEO Marc Benioff goes one-on-one with Jim Cramer
Persons: Marc Benioff, Salesforce, MuleSoft, Benioff, we've, Jim Cramer Organizations: Salesforce.com, Own Co, Salesforce Ventures, Salesforce, Covid, Microsoft's Dynamics, Informatica Locations: San Francisco, Salesforce, Central
London CNN —Luxury brand Burberry is dropping out of Britain’s main stock index after suffering a steep fall in value following a plunge in sales and profits. The 168-year-old brand will leave the FTSE 100, which brings together the 100 most valuable companies listed on the London Stock Exchange, as a result of a quarterly review, the exchange said in a statement Wednesday. Spending on luxury goods has been slowing globally but particularly in the world’s no. 2 economy China, hitting not only the likes of Burberry but also higher-end brands. In July, the company replaced its chief executive — who had spent just two years in the role — after another disappointing quarter.
Persons: , Gerry Murphy, , Anna Cooban Organizations: London CNN, Burberry, London Stock Exchange Locations: China
Fortunately, we like to earn American Express Membership Rewards and Chase Ultimate Rewards points. I also transferred Chase points to Hyatt and redeemed them for one night in a hotel in the city. Annual travel credit can effectively shave $300 off the annual fee if you use itCheck mark icon A check mark. $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year. Another Southwest flight home to Denver, also courtesy of credit card rewards, and our anniversary spectacular was complete.
Persons: , Chase, Chase Travel ℠, Hilton, It's, we're Organizations: Service, Business, American, American Express, ANA Airlines of, Polish Airlines, Chase, Southwest Airlines, LaGuardia, Hyatt, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, Hilton Lost Property, Hilton Honors Business, Hilton, Eurostar, ANA, Southwest Locations: London, Paris, Normandy, ANA Airlines of Japan, Newark, New York, JFK, Warsaw, Denver, Central Park, Paul's, New York City
Read previewWhen my older daughter turned 10, we held her birthday party at an arts and crafts center in the mall. Kid-led birthday parties allow kids to practice practical skills every step of the way, taking work off the parents' plates. There are different expectations with park parties because people can bring potluck dishes. My kids decorated the gift bags for the park party — a wonderful rainy Sunday afternoon activity. The bunny paper crafts, purchased online for $10, kept the kids just as busy as the mall art center projects.
Persons: , goody Organizations: Service, Business
London CNN —The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. The rout seems to be accelerating, with those sales tumbling 14% in the second quarter, according to results published late Tuesday. “For now, the (luxury) market remains volatile as investors reassess the once-held belief that luxury brands are a safe-haven investment, shielded from broader economic downturns,” Jochen Stanzl, chief market analyst at CMC Markets, told CNN. “The Chinese market contracted slightly; the market situation in the premium and luxury segment in China remained weak,” the company said. China’s economy grew 4.7% year-on-year in the second quarter of the year, according to official data released last week, missing economists’ expectations and marking the weakest growth since the first quarter of 2023.
Persons: Bernard Arnault’s, Louis Vuitton, Christian Dior, ” Jochen Stanzl, Richemont, Cartier, , Gucci, Kering, Hermes, Birkin, Olesya Dmitracova Organizations: London CNN, Prada, CMC Markets, CNN, Europe’s, Reuters, Porsche, Benz, Bain & Company Locations: Asia, Japan, China, Paris, Hong Kong, China , Hong Kong, Macao, North America, Europe, United States
In 1994, at just 15 years old, Usher Raymond IV, more commonly known as Usher, rose to fame after releasing his first album. Earning more money than most teens, Raymond could have easily splurged on expensive things like clothes and jewelry, but he says he chose a different path. "Surprisingly, I was never frivolous with my spending," Raymond tells CNBC Make It. "It wasn't until my latter years that I decided to buy cars and jewelry and things that would obviously depreciate." His hope is that his children will follow in his footsteps and do the same.
Persons: Usher Raymond IV, Usher, Raymond, he's Organizations: CNBC
However, central bank officials still want to see more progress before cutting interest rates, he noted. “The most recent inflation readings, however, have shown some modest further progress, and more good data would strengthen our confidence that inflation is moving sustainably toward 2%,” he added. Fed officials expect to cut interest rates just once this year, according to their latest economic projections in June, compared to the three cuts they forecast in March. The annual PCE inflation rate registered at 2.6% in June, down slightly from 2.7% in May. Fed officials and most economists don’t see a recession this year.
Persons: Jerome Powell, ” Powell, Powell, Inflation, John Williams, ” Seema Shah Organizations: Washington CNN, Inflation, Committee, Financial, ” New York Fed, Congress, Fed, Asset Management Locations: India, United States
New York CNN —The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday. Mattress Firm was already dealing with its own financial issues, including a 2018 bankruptcy. In a statement, Tempur Sealy said the bedding industry is “highly competitive” and only a small fraction of brick-and-mortar storefronts are Mattress Firms. “Tempur Sealy has been working constructively with the FTC to secure regulatory approval for this transaction and is disappointed that the FTC has initiated litigation. Correction: A previous story misstated the Tempur Sealy portfolio.
Persons: Tempur Sealy, , , Henry Liu, Foster, Casper, Serta Simmons, “ Tempur Sealy, , CNN’s Jordan Valinsky, Sealy Organizations: New, New York CNN, Federal Trade, United, FTC, Competition, Pedic, Sealy, Amazon, Innovation, Inc Locations: New York, United States, FTC’s, Stearns
In April, she found what she thought were the perfect shoes at Jimmy Choo. AdvertisementDante told BI that representatives from Jimmy Choo apologized to her for her experience on Tuesday. AdvertisementDante ultimately got a refundDante considered buying a different pair of Jimmy Choo shoes but ultimately decided she just wanted a refund on the original pair. #jimmychoo @Jimmy Choo ♬ original sound - michaelarose123Dante told BI she expected better customer service from a luxury retailer. But she told BI she won't be in a rush to buy another luxury product herself.
Persons: , Michaela Dante, Dante, Jimmy Choo, I've, Michaela Dante That's, Dante Dante, Dante hadn't, didn't, @michaelarose123, jimmy choo, michaelarose123 Dante, Jimmy Choo's Organizations: Service, Area, Business, BI Locations:
Read previewAs a child, I dreamed of visiting the Amazon rainforest, but I always envisioned it being wildly inaccessible. So when I found a three-day, all-inclusive tour of the Amazon rainforest at Green Forest Ecolodge for just $270, I knew I had to go. The package included all my meals, bus and canoe transfers, a private lodge, and up to four activities a day. I couldn't believe the value I got for my moneyI highly recommend this all-inclusive trip. Eibhlis Gale-ColemanVisiting the Amazon rainforest was the opposite of what I expected.
Persons: , Eibhlis Gale, Coleman, I'd, Gale, Elvis Organizations: Service, Business, Lago Agrio Locations: Ecuador, Quito, Lago
Setting sail on a fun-packed cruise ship where everything was pre-planned was the perfect solution. Related storiesI booked a five-night Key West and Bahamas cruise through Celebrity, leaving from Miami. Our cruise experience wasn't greatBoarding our cruise ship, the Celebrity Summit, went smoothly, and we went right to our stateroom, which appeared as advertised. AdvertisementWe enjoyed another beautiful day at South Beach, sinking our toes in white sand beaches and exploring the outdoor Lincoln Road Mall. Though our cruise experience was probably an outlier, I won't chance it again.
Persons: , I'd, Estiatorio Milos, Easter, couldn't Organizations: Service, Business, Miami Beach Locations: Bahamas, Miami, South Beach, Key, Bimini, Nassau, South
Last fall, Jina Kim and two of her friends splurged on a two-night stay at the Ananti at Busan Cove, a luxury resort in Busan, South Korea. The resort, where rooms start at $369 a night, features infinity pools, spas, eight restaurants, a private coastal walk and beach area, and a 4,600-meter “Water House” — an indoor pool and sauna fed by natural hot-spring water. “We just spent the whole day in the resort hotel, swimming, eating and drinking,” said Ms. Kim, a 32-year-old former teacher who is now a stay-at-home mother. Ms. Kim and her friends weren’t worried about how they would pay for the trip because they had spent over a decade saving in a “gyemoim,” a Korean term for people who form financial planning groups to save money for future expenses.
Persons: Jina Kim, splurged, , Kim, weren’t Locations: Busan, South Korea,
As I sorted his clothes with my mom and sister, we selected items to keep. My sister kept a denim jacket and my mother his boina. My father was a foot taller than me, and wearing his clothes makes me feel protected, as if he's hugging me. Grief and nostalgia often go hand in hand. I often see the pair of Keen sandals he wore, and every time, I'm hit by a wave of grief.
Persons: Gina Moffa, I've, Moffa, He'd, Keen, I'm Organizations: Service, Business, Uruguayan, Rolex Locations: Uruguayan, Uruguay, Luxor, Egypt, Mexico
My fiancé and I splurged on a trip to Monaco for our very first Formula 1 Grand Prix. We also attended a luxurious yacht party and soaked in views of Monaco during the race. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMy fiancé and I saved up to celebrate our recent engagement in style during one of the year's most iconic, expensive weekends: the Formula 1 (F1) Monaco Grand Prix. The F1 Monaco Grand Prix is an annual race for drivers in the highest class of international racing for single-seater formula cars.
Persons: Organizations: Monaco, Service, Prix, Morning, Business Locations: Monaco, Nice, France, Europe
After taking his software company public in 1997, Doug Burgum gathered a few colleagues in his office and swore them to secrecy. He wanted to uphold the modesty and decorum central to his North Dakota birthright and his chimney-sweeper past, but he was eager to boast about a splashy new purchase. While others splurged on cars or boats, Mr. Burgum’s big reveal was a Bobcat front-end loader — a dirt mover for his ranch near Fargo. “I remember thinking, ‘Yeah, Doug, you’re not big-timing anyone with that one,’” Jeff Young, the software company’s former operations chief, recalled with a laugh. Now the governor of North Dakota, Mr. Burgum’s long-held scruples over being seen as an attention-monger have hurled the longtime Republican out of political obscurity and into the limelight as one of a handful of the leading contenders in Donald J. Trump’s search for a running mate.
Persons: Doug Burgum, , you’re, ’ ” Jeff Young, Burgum’s, monger, Donald J Locations: Fargo, North Dakota
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