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☆ After visiting all 50 states, a travel expert shares the top 5 she wants to revisit
▼ + stars: | 2024-11-17 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +1 min

Nicole Sunderland first caught the travel bug over two decades ago when she sold magazines door to door around the country. Advertisement"I was like, 'This is so me, whatever it is,'" Sunderland told Business Insider. Although most of her recent work spotlights opulent hotels, cruise stays, and international luxury travel experiences, she periodically revisits her favorite states to explore new spots. "My goal is to visit at least five places in the US that I have not been to before because I want to continue exploring more of the US," Sunderland told BI. AdvertisementHere are five states she's been to and would love to explore again soon.

Persons: Nicole Sunderland, she's Organizations: ., Sunderland, Business, Greyhound Locations: . Nevada , Arizona, Virginia, Orlando, Islip , New York

☆ We left stable careers in tech and consulting to open a cocktail bar in New York City. It was professionally risky but worth it.
▼ + stars: | 2024-11-17 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

AdvertisementAvi Singh and Rishi Rajpal left their stable jobs to open a New York City cocktail bar in 2019. This as-told-to essay is based on a conversation with Avi Singh, 30, and Rishi Rajpal, 34, the co-owners of Sama Street, and David Muhs, 40, the head bartender at Sama Street. We wanted Sama Street to be based on our upbringing and experiences. AdvertisementWe opened Sama Street in 2019David: We learned so much during that process. But Sama Street is in Greenpoint, a very close-knit neighborhood, so our regulars showed up for us.

Persons: Avi Singh, Rishi Rajpal, David Muhs, Jake, Kristyn Cook, Avi, Rishi, Alex Staniloff, David, We've, It's Organizations: Emory, Excel Locations: New York City, Sama, New Delhi, India, Atlanta, New York, Greenpoint

☆ Restaurant executives can't wait for 2025 after slow traffic and wave of bankruptcies
▼ + stars: | 2024-11-17 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

After a tough year for the restaurant industry, executives can't wait for 2025 to start. And many of the nation's largest restaurant chains, from McDonald's to Starbucks , have disappointed investors with same-store sales declines for at least one quarter. But green shoots have appeared, fueling tepid optimism for the future of the restaurant industry. Plus, interest rates are finally falling. For restaurants, lower interest rates mean that it's cheaper to finance new locations, fueling growth.

Persons: Kate Jaspon, Dunkin, Burger Organizations: Inspire Brands, Restaurant Finance, Development Conference, Intelligence, Starbucks, Revenue Management Solutions, Burger King, Restaurant Brands, Federal Reserve Locations: Las Vegas, McDonald's

☆ Small businesses are hurting at the worst possible time
▼ + stars: | 2024-11-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

That’s because small businesses typically having tighter profit margins compared to behemoths like Walmart and Amazon, so they feel the sting of rising costs more acutely. The Small Business Index shows that 8 in 10 small retail businesses rely on holiday sales to meet their annual profit goals. If only it were that simple for small businesses. John Waldmann, chief executive of Homebase, a payroll software provider for more than 100,000 small businesses, said Enjou Chocolat’s dilemma is something he hears all the time. “Small businesses are really reticent to increase prices, so when they do, it’s because they have to,” Waldmann said.

Persons: Washington CNN — Enjou, Mark Chinsky, “, ‘ that’s, you’ve, ” Chinsky, that, Donald Trump, Kamala Harris, we’re, ”, Thomas Barkin, “ Price, Joe Raedle, John Waldmann, Enjou, ” Waldmann, “ They’re, Scott Olson, there’s, Sarah Jordan, ” There’s, Bill Dunkelberg Organizations: Washington CNN, CNN, National Federation of Independent Business, Walmart, ” Richmond Fed, Target, “, Board, Wrigley Field Locations: Morristown , New Jersey, America, Miami, Chicago

☆ Morgan Stanley picks China stocks to ride out a worst-case scenario in U.S. tensions
▼ + stars: | 2024-11-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

For investment options, she referred to the firm's survey of China stocks the investment bank's analysts already cover. Morgan Stanley's basket of bear case stocks only includes overweight-rated names with a dividend yield above 4% this year. The companies must not be on Morgan Stanley's lists of stocks at a disadvantage from Republican policy and supply chain diversification. Morgan Stanley expects Tingyi's earnings per share to grow 12% this year and 11% in 2025. Sinotruk earnings can grow 18% this year and 17% next year, according to Morgan Stanley estimates.

Persons: Morgan Stanley, Laura Wang, Morgan Stanley's, Morgan Stanley's Wang, Morningstar, Claire Liang, Liang, Donald Trump, Trump Organizations: Kong, PepsiCo, Services, Cosco Shipping Energy Transportation, China, CNBC, Republican Party, U.S . Congress Locations: China, Hong Kong, Asia, Europe, Mexico

☆ China renamed its homegrown regional airliner to better sell it abroad. Here's how it compares to its closest rival.
▼ + stars: | 2024-11-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

The C909's closest competitors in size and range are the Brazilian-made Embraer E190-E2 and E195-E2. China's state-owned planemaker, the Commercial Aircraft Corporation of China, better known as Comac, has rebranded its regional aircraft to better compete with Airbus, Boeing, and Embraer. AdvertisementEmbraer's larger planes can carry more peopleComac data shows the C909 seats five abreast and can carry 78 passengers in two classes (or up to 97 in a high-density configuration). The Embraer E190-E2 has a shorter range than its sister jet. For example, Virgin Australia agreed to buy eight E190-E2 aircraft in August.

Persons: Comac, Yin Liqin, it's, Chen Duo, Syme, Pratt, Whitney's, Grinsven, Canada's, Cirium Organizations: Airbus, Boeing, Embraer, Commercial Aircraft Corporation of China, Jets, China News Service, Getty, TransNusa, Getty Images China Southern Airlines, Airlines, Royal Jordanian Airlines, Canada's Porter Airlines, Comac, Reuters, Hainan Airlines, Porter Airlines, Colorful Guizhou Airlines, Virgin Australia Locations: Brazilian, China's, China, Europe, Guangzhou, Indonesian, Manado, Amman, Western Europe, Toronto, Los Angeles, Hainan, Zhuhai

☆ Costco's founder met Jeff Bezos for coffee—his advice helped turn a near-death Amazon into a $2 trillion business
▼ + stars: | 2024-11-17 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

After 30 years in business, Amazon is a $2 trillion behemoth and one of the world's largest retailers. Some critics believed Amazon was doomed to never recover, but founder Jeff Bezos turned things around — with some helpful advice from Jim Sinegal, founder of rival retailer Costco. Amazon, Bezos added, would always aim to be the second type of company. Bezos credited the rebound to lower prices and promised to eliminate unnecessary costs in order to make more discounts possible, the Times reported — a similar strategy to Costco's. And what really drove it was lower prices for customers…" Bezos told Fox News in January 2002.

Persons: Amazon, Jeff Bezos, Jim Sinegal, Bezos, Barnes & Noble, Brad Stone, Sinegal, Stone, Jeff, We've Organizations: Costco, Barnes &, Amazon, The New York Times, Sales, Times, Fox News, Amazon Prime, CNBC Locations: Amazon's, Bellevue , Washington

☆ Evercore ISI gives its top tech picks for 2025
▼ + stars: | 2024-11-17 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +6 min

Evercore ISI already named its favorite technology stocks to own heading into 2025. Against that background, Evercore ISI analysts recently picked five tech stocks they're most sure of entering next year. Arista Networks The cloud network equipment company's conservative revenue guidance for 2025 leaves room for upside potential, according to Evercore ISI. Evercore ISI raised its 12-month price target on Arista to $450 from $425, indicating more than 20% upside from Friday's close. International Business Machines IBM is likely to top revenue estimates in 2025, Evercore ISI said.

Persons: ChatGPT, haven't, Evercore, Amphenol, Donald Trump's, Vertiv, — CNBC's Michael Bloom Organizations: ISI, Arista, Arista Networks, Apple, Business Machines IBM, Evercore, IBM, Holdings Vertiv Holdings Locations: CY25, capex, Wallingford , Connecticut, Waterville , Ohio

☆ 5 things we're watching in the stock market in the week ahead
▼ + stars: | 2024-11-17 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

October retail sales, released Friday morning, came in slightly ahead of expectations, indicating a 0.4% monthly increase, versus a 0.3% increase expected. Disney's reported strong earnings and its stock advanced more than 16% for the week as a result. In the week ahead, we will get earnings from three Club names, including the highly anticipated quarter from Nvidia, and a couple of housing market-related updates. The Street is looking for Nvidia sales of $33.1 billion in its fiscal Q3 and earnings of 75 cents per share. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Donald Trump, Friday's, Jerome Powell, Powell, That's, YTD We're, we're, Jensen, Trump, Nvidia's, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow, Nasdaq, Federal, Fed, Disney, Depot, Nvidia, TJX Companies, Home Goods, Blackwell, Palo Alto Networks, Home Depot, Stanley, Walmart, Viking Holdings, Sonoma, WSM, Baidu, PDD Holdings, Deere & Co, Warner Music Group, Intuit, Ross Stores, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Maxx, U.S, China, Palo, VIK, Williams, New York City

For Brandon Mintz, it was the text messages and calls that started rolling in from friends and colleagues asking how high bitcoin prices could go. Strategic reserve could set off 'bitcoin space race'Under this idea, the U.S. would establish a “strategic bitcoin reserve,” like the ones it already maintains for gold and oil. A day later, Trump echoed the strategic reserve idea, though did not put a specific figure on it. On Nov. 6, Lummis posted on X in all-caps, “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE,” alongside two American flags. For crypto supporters, a strategic bitcoin reserve would send a signal to markets and countries alike about the digital token’s value.

Persons: Brandon Mintz, Lee Bratcher, Donald Trump’s, Bratcher, ”, Trump’s, ’, Mintz, ” Mintz, they’ve, ‘, Ric Edelman, ” Edelman, JP Richardson, Trump, Nicholas Percoco, ” Percoco, —, Robert F, Kennedy Jr, Human Services —, Sen, Cynthia Lummis, Lummis, David Bailey, Michael Terpin, “, ” Terpin, He’s Organizations: American Blockchain, Republican, Texas Blockchain, NBC News, FBI, Trump, Securities and Exchange Commission, Commodity Futures Trading Commission, Edelman Financial Services, Liberty, Strategic, Bitcoin Conference, Department of Health, Human Services, Social Security, BTC Inc, Bitcoin Locations: Texas, Dallas, Bitcoin, bitcoin, U.S, Nashville

☆ Here's why Target is more exposed than Walmart to the sweeping trade changes that Trump promised
▼ + stars: | 2024-11-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

AdvertisementAs America's grocery king, Walmart sources a high share of its products from the US. The difference puts more of Target's business at risk of being impacted if Trump follows through on his tariff promises. "Target is actually much more exposed than Walmart because Walmart is grocery-heavy and groceries are predominantly domestic," Jason Miller, supply chain professor at Michigan State University, told Business Insider. Food and beverage sales accounted for less than a quarter of Target's sales last year. AdvertisementTD Cowen retail analyst Oliver Chen told BI that Target's apparel segment presents another potential complication, as fashion is more sensitive to seasonality.

Persons: Donald Trump, Jason Miller, Cowen, Oliver Chen, Gina Logan, Logan, Trump, Brian Cornell Organizations: Target, Trump, Walmart, Michigan State University, Walmart US Locations: AlphaSense

☆ Are Black Friday deals worth waiting for? Here's what to expect this year
▼ + stars: | 2024-11-16 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

A customer visits Macy's Herald Square store in New York City during early morning Black Friday sales, Nov. 24, 2023. Consumers are increasingly concerned that their online orders may not arrive in time for the holiday — and rightfully so. What discounts to expect on Black Friday"You are easily going to see 20% to 30% off," Davis said — but "not necessarily storewide." What not to buy on Black FridayTypically, Black Friday is a great time to find rock-bottom prices on fall clothing — including flannels, denim, coats and accessories — as well as televisions and consumer electronics. Travelers can check out Travel Tuesday deals from 2023 to get an idea of what to expect this year.

Persons: Kena Betancur, Patrick Kelleher, Lauren Beitelspacher, Beitelspacher, we've, Davis, Lululemon, Woroch Organizations: Macy's Herald, Consumers, DHL Supply, North, CNBC, Babson College, Nike, Day, Labor Locations: New York City, North America

☆ These 'best-in-class' stocks are rising fast so buy them quickly, Bank of America says
▼ + stars: | 2024-11-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through Bank of America research to find stocks the bank believes are "best-in-class." They include Carvana , ESAB, Netflix , Texas Roadhouse and Johnson Controls . Texas Roadhouse Analyst Sara Senatore is sticking with shares of the Texas-themed restaurant following earnings in late October. BofA says Texas Roadhouse benefits from low staff turnover, innovative technology and same-store sales that continue to improve. In addition, Senatore called traffic growth "best-in-class" with month-to-month improvement even as the wider industry battles numerous headwinds.

Persons: Jessica Reif Ehrlich, Reif Ehrlich, Sherif El, BofA, ESAB, Sara Senatore, Senatore, Johnson Organizations: Bank of America, CNBC, Netflix, Texas, Johnson Controls, BofA, Gaming, El, JCI Locations: Bank, El, Texas, U.S, North America

☆ Luxury brands forgot about Gen Z. They can't afford to make that mistake again.
▼ + stars: | 2024-11-16 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

But now it appears that some luxury brands have forgotten that aim. Dukas/Getty ImagesRay of Buttermilk said that some luxury brands have been hesitant to explore collaborations as a means of engaging Gen Z consumers because they fear losing their luxury allure. The future is vintageLuxury players might be kicking themselves for alienating Gen Z consumers, but Gen Zers never forgot about luxury. But secondhand's success isn't bad news for primary luxury brands, Escribano said. Bar certain luxury products like Hermès Birkins handbags, secondhand luxury is by and large cheaper and retains a level of exclusivity, she said.

Persons: Bain, Louis Vuitton, Z, Gen Z, There's, Claudia D'Arpizio, Blanca Zugaza Escribano, Gen, D'Arpizio, LVMH, Prada, Sabrina Carpenter, Marleen Moise, Getty, Jamie Ray, Escribano, Gen Z's, Thomaï, They've, Gen Zers, Z's Organizations: Louis, Prada, Bain & Company, Industry, Bain, Business, NYU's Stern School, Gen Locations: Hermès

☆ A man who's been to nearly 20,000 Starbucks locations describes how the chain could get its 'third-place' status back
▼ + stars: | 2024-11-16 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

AdvertisementOne Starbucks customer has been working on visiting every Starbucks store since 1997. Later this month, a man named Winter plans to set foot in his 20,000th Starbucks store. AdvertisementAt the time, new Starbucks stores were popping up around the US, and Winter said he visited stores around Dallas as they opened. He logs each store visit in a Microsoft Access Database and on his website. Related storiesNot all Starbucks stores that Winter visits are as welcoming as that Houston location where he played chess with friends back in 1995.

Persons: Winter, I'm, Brian Niccol, Howard Schultz, he's, He's, Niccol, baristas Organizations: Starbucks, Business, Microsoft, Niccol Locations: Houston, Plano , Texas, Italy, Arkansas , Oklahoma, West Texas, China, Dallas, Japan, South Africa

☆ Why your next new car could very well cost more than $50,000
▼ + stars: | 2024-11-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

Americans paid a whopping $47,612 on average for a new car in October, according to data from Edmunds. That means new car prices have risen much faster than most goods and services. But much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The combination of higher interest rates and higher car prices, along with the biggest average loans ever taken out to buy them, lifted the average monthly car payment to $742 in October. And that would make every car built in America more expensive, because no vehicle is made with 100% American parts.

Persons: New York CNN — It’s, That’s, Buyers, ”, Ivan Drury, “, didn’t, Charlie Chesbrough, Drury, –, ” Drury, Donald Trump, Jeff Schuster, GlobalData, They’re Organizations: New, New York CNN, Cox Automotive, Nissan, Infiniti, General Motors, Ford, Jeep, Dodge, Chrysler, GM, Federal Reserve Locations: New York, Edmunds, American, United States, Stellantis, Mexico, America

☆ During meeting with Biden, China's Xi cautions the U.S. to 'make the wise choice' to keep relations stable
▼ + stars: | 2024-11-16 | by ( ) www.cnbc.com time to read: +7 min

U.S. President Joe Biden meets with China's President Xi Jinping on the sidelines of the APEC Summit in Lima, Peru, on Nov. 16, 2024. Biden was expected to urge Xi to dissuade North Korea from further deepening its support for Russia's war on Ukraine. In front of the cameras Saturday, Xi spoke to Biden — but it was unmistakable that his message was directed at Trump. After he was greeted by Xi, Biden ignored shouted questions from reporters on his concerns about the incoming Trump administration as well as North Korea. Biden is looking for Xi to step up Chinese engagement to prevent an already dangerous moment with North Korea from further escalating.

Persons: Joe Biden, Xi Jinping, Donald Trump, Xi, Biden, haven't, We've, Trump, Warby Parker, Steve Madden, Kamala Harris, Jake Sullivan, Yoon Seok Yul, Shigeru Ishiba, Kim Jong, Pyongyang's, Kim Organizations: APEC, U.S, Economic Cooperation, U.S ., China -, Conference Center, Nike, Trump, White House, FBI, Ukraine, South, North, The North Locations: Lima , Peru, Beijing, U.S, Asia, China, North Korea, Ukraine, Lima's, Northern California, Russia, Taiwan, Moscow, United States, Russia's Kursk, Pyongyang, The, The North Koreans, Japan, South Korea, Xi, Peru

☆ I moved to Dubai when I became a millionaire at 24. People don't treat me differently here because of my wealth.
▼ + stars: | 2024-11-16 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

He got into sales at 16 and became a millionaire last year at 24. I did sales courses and seminars, which made me better and better with this skill set. Related storiesI was uncomfortable with people treating me differentlyEven before I became a millionaire, I noticed that people started treating me differently. Suddenly, the popular crowd — who never paid attention to me in school — started inviting me out. I didn't like that, and I didn't want to be treated differently because of my wealth.

Persons: Ben Grant, there's, —, I'm, I've, we're Organizations: Learn, Lamborghini, Rover Locations: England, Sunderland, Dubai

☆ Warren Buffett's company just bought into Domino's Pizza and Pool Corp. Here's why both bets make sense.
▼ + stars: | 2024-11-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementWarren Buffett's Berkshire Hathaway bought Domino's Pizza and Pool Corp. stock last quarter. Warren Buffett's Berkshire Hathaway added Domino's Pizza and Pool Corp. to its stock portfolio last quarter, a regulatory filing revealed on Thursday. The famed investor's conglomerate bought nearly 1.3 million shares of Domino's, a 3.7% stake worth $549 million at the end of September. The result is that Pool Corp. sits firmly within Buffett's "circle of competence," which he keeps in mind to ensure that he only invests in things he understands. Neither Domino's nor Pool Corp. classify as cheap on a price-to-earnings basis.

Persons: Warren, Berkshire Hathaway, Buffett, Warren Buffett's Berkshire Hathaway, Ted Weschler, Todd Combs, —, Kraft Heinz, McLane Organizations: Corp, Domino's, Pool Corp, Kraft, Company, Berkshire, Clayton Homes, Acme Locations: Berkshire

☆ I left Google and am 100x happier in my new role as a freelancer — I've earned over $1 million in the last 5 years.
▼ + stars: | 2024-11-16 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

AdvertisementRandy McCabe left Google, and now he has earned over $1 million in five years on Fiverr. This as-told-to essay is based on a conversation with Randy McCabe, a 36-year-old freelancer, digital marketing agency owner, and former Google employee from Seattle. I found a new job, then I gradually started taking freelance digital marketing gigs on the side and later created my digital marketing agency. AdvertisementWorking for companies stressed me outAfter Google, I joined the cybersecurity startup Skybox Security as a digital marketing manager. One of the toughest challenges in transitioning from corporate to freelance work was the uncertainty of not having a guaranteed monthly paycheck.

Persons: Randy McCabe, McCabe, It's, I've, Fiverr, I'd, COVID, I'm, Tess Martinelli Organizations: Google, Fiverr, Agency, Big Tech Locations: Seattle, Skybox, tmartinelli

"I just thought [Too Good To Go] was the most genius app, and I loved the concept," she says. "[Food waste] a massive, massive issue, and it's important that we solve it fast," Lykke says. Conviction to stay the courseToo Good To Go, which has nearly $158 million in investment funding, isn't the only for-profit company trying reduce food waste. Some app users like Niles, the dumpster diver in Brooklyn, worry that Too Good To Go "greenwashes" the issue of food waste, giving users false impressions of environmental responsibility. But if every food retailer in the U.S. used a similar markdown mechanism, they'd save one million tons of food annually, according to calculations by Chicago-based nonprofit ReFED.

Persons: David Niles, Niles, He's, Mette Lykke, it's, Thomas Bjørn, Stian Olesen, Klaus Bagge Pedersen, Brian Christensen, Adam Sigbrand, Lykke, Armour, Susan Prunty, Dana Gunders, That's, ReFED Organizations: CNBC, Bank, Venture Locations: Brooklyn , New York, U.S, Copenhagen, Europe, North America, Australia, United States, Medford , Oregon, Brooklyn, Chicago

☆ What Trump's proposed China tariffs could mean for Apple's profits
▼ + stars: | 2024-11-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Under a 25% tariff on goods from China, the Wall Street investment bank sees an EPS loss for Apple of 9.2%. Those estimates make Apple the fifth most vulnerable tech company to potential tariffs on goods from China in Morgan Stanley's research coverage. Bank of America analyst Wamsi Mohan agrees, seeing any tariff impact as "manageable." He sees a 60% tariff on Chinese goods possibly resulting in about a 4% hit to Apple's EPS. By contrast, Dell – which he noted looks positioned to be "most vulnerable" to tariffs – could see an EPS impact of up to about 90%, according to his model.

Persons: Donald Trump's, Tim Cook's Apple, Morgan Stanley, Erik Woodring, Trump, Tesla, –, Morgan, it's, Angelo Zino, Zino, Wamsi Mohan, Apple, Bernstein, Toni Sacconaghi, Sacconaghi, It's, BofA's Mohan, Mohan, Jason Snipe Organizations: Apple, Wall, CNBC, of, Bank of America, Dell, Odyssey Capital, Apple Intelligence Locations: China, U.S, India, Vietnam, Malaysia

☆ Barnes & Noble is making a comeback
▼ + stars: | 2024-11-16 | by ( Erika Tulfo | ) edition.cnn.com time to read: +6 min

In a move that’s perhaps more symbolic than business-minded, Barnes & Noble, America’s largest retail bookseller, has reclaimed the flagship store it vacated in 2013. But Barnes & Noble would revamp its business model. “The problem with Barnes & Noble when I took it over was that the bookstores themselves weren’t very good,” Daunt told CNN. Foot traffic data for Barnes & Noble show that visits are up by 7% since 2019, according to location analytics company Placer.ai. Shannon DeVito, head of books at Barnes & Noble, says that beyond reigniting a love for reading, the BookTok trend has guided stores on what to stock.

Persons: Barnes, Noble, It’s, James Daunt, —, Barnes & Noble, ” Daunt, “, ”, we’d, influencers, Shannon DeVito, Kendra Keeter, Gray, it’s, Gray Barnes, ” DeVito, “ It’s, Harry Potter, we’ve, DeVito Organizations: CNN, Sales, Barnes &, Barnes, Amazon, Amazon Books, Kendra Locations: Washington, DC, Georgetown, Washington , DC, “, Barnes

☆ Tesla Cybertrucks have joined the growing number of luxury EVs that can now be leased
▼ + stars: | 2024-11-16 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Part of the reason is due to a tax credit program that the Cybertruck has been largely left out of. Tesla is offering the Cybertruck for lease a year after the EV company made its first deliveries to customers. However, leasing an EV offers buyers another way to take advantage of the tax credit program without meeting every requirement. Through what's known as a "leasing loophole," dealerships can receive the tax credit and choose to pass those savings on to the buyer or lessee. But Tesla's Cybertruck has largely been left out of the federal incentive program.

Persons: Tesla, Elon Musk's, Rivian, Tesla's Cybertruck Organizations: EV, Biden, Internal, Department of Energy's

U.S. consumers collectively owe an eye-popping $1.17 trillion in credit card debt — a record — according to estimates the Federal Reserve Bank of New York released this week. But while there are still major financial risks for carrying hefty balances, the researchers said the data suggests that “rising debt burdens remain manageable” for the typical consumer. Prices are still going up, but they’re not going up as fast, and incomes are once again going up at a faster rate than expenses. Earnings growth has averaged 6.2% per year since the pandemic began, compared to the cumulative debt balance rising 4% per year. “Especially for higher-risk borrowers, credit card and auto loan delinquencies are the highest in a dozen years, and that’s with unemployment at 4%.

Persons: ’, Donald Trump, they’re, Greg McBride What’s, TransUnion, That’s, ”, Greg McBride, “, McBride Organizations: ’ paychecks, Federal Reserve Bank of New York, New York Fed, Commerce Department, Bureau of Labor Statistics, Bankrate Locations: ’ paychecks . U.S

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