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Now we see it's very common for these store cards to charge over 30%." Just before the Fed began its rate-cutting cycle in September, many retailers and their bank partners raised interest rates on their store cards to protect their profits when the federal funds rate — which determines their own interest rates — came down. Now, the average interest rate on a store card is at an all-time high just ahead of the holiday shopping season, which is when most consumers sign up for store cards. That was less than half of the interest rate increase for store cards seen from September 2023 to September 2024, when the federal funds rate didn't budge. When asked why they increased the APR on their store cards, the companies that returned CNBC's request for comment pointed vaguely to industry standards and the current economic environment.
Persons: Tommy, Petco, Ted Rossman, it's, Jasmine Matheney, Nordstrom, Matheney, you've, preemptively Organizations: U.S, Federal Reserve, Navy, Academy Sports, Fed, CNBC, Comenity Bank, Big Lots Locations: Petco, Burlington, Macy's, Michael's, Michigan
AdvertisementNatalie Fischer quit her corporate job to become a solopreneur creating financial content. In 2023, Fischer took a leap of faith and quit her corporate job to focus full time on finance content creation as a solopreneur, or a one-person business. Advertisement"That gave me a lot of comfort knowing that if worse comes to worse, I can always get another job," Fischer said. You can do bothBeing a solopreneur and working a corporate role aren't diametrically opposed. Fischer has seen fellow solopreneurs balance a content creation business, a corporate role, and even write a book at the same time.
Persons: Natalie Fischer, Fischer, influencer, Fischer couldn't, She's, Fischer's, Goldman Sachs, didn't, I'd, Christine Ji Organizations: Business
AdvertisementAs someone born and raised in Salt Lake City, I know Utah has more to offer than just skiing. Within Salt Lake City, I recommend enjoying a beer at a local brewery. For a unique experience, I also suggest checking out the nearby hot springs and Ice Castles. And at the heart of it all is the state's capital, Salt Lake City. Born and raised in the heart of the city, I know how to experience Salt Lake without ever stepping into ski boots.
Locations: Salt Lake City, Utah, Salt
"Gladiator II" and "Wicked" are facing off at the box office this weekend. Related storiesCritics Score Audience Score "Wicked" 90% 98% "Gladiator II" 72% 84%If time is of the essence, there's no tie-breaker there. AdvertisementRuntime "Wicked" 2h 40m "Gladiator II" 2h 28mIf you want something you can see with the whole family, the choice is clear: "Wicked" is more kid-friendly. 'Gladiator II' has more Paul Mescal in it, thoughPaul Mescal is in "Gladiator II" and not "Wicked." Ultimately, follow your own taste"Wicked" nor "Gladiator II" are both worth the price of theater admission (and maybe even a popcorn and soda).
Persons: there's, Ridley Scott, Russell Crowe, Joaquin Phoenix, Lucius Verus, Paul Mescal, Connie Nielsen, Jon M, Chu, Cynthia Erivo, Ariana Grande, Oz, you've, Glinda, It's, Oscar, Erivo, Pedro Pascal, Denzel Washington, Aidan Monaghan, belting, Ariana, Giles Keyte Organizations: Pictures, Paramount, New York Times, Universal Pictures Locations: Rome
President-elect Donald Trump's tariff plans could weigh on the broader stock market, but some attractively valued names with strong cash levels could withstand the pressure, according to UBS. "The rally overlooks the potentially negative knock-on implications of tax cuts and tariffs on corporate performance and valuations." Against that backdrop, UBS looked for stocks that have high levels of cash and are attractively valued. The stock has a dividend yield of 2.7%. It has a dividend yield of 2.2%.
Persons: Donald Trump's, Trump, Michel Lerner, Lerner, Smoot, Paychex, Jason Kupferberg Organizations: UBS, Bank of America, CVS, Federal Trade Commission, Glenview Capital Locations: China, U.S, Hawley
Earlier this year, she spent a week in the hospital due to a collapsed lung, a severe complication of pneumonia. The support she received from the hospital staff and her friends confirmed that moving there was the right decision. "We have to go to the hospital right now," my doctor told me after confirming that my right lung had collapsed. I felt scared and focused on my friend as the surgeon told me to hold my right arm above my head and stay still. People I didn't know well would call to check in, and friends of friends would send well wishes.
Persons: Sinead Mulhern, I'd, Ecuador —, hadn't, I'm, Sanja, We've, Jonathan, KFF Organizations: Monopoly Locations: Ecuador, Cuenca —, Quito, South America, Ecuadorian, Canada, Australia, South Africa, England, Venezuela
Intuit — Stock in the financial software firm pulled back about 3% after its earnings guidance for the current quarter missed analyst estimates. Intuit forecast second-quarter earnings of $2.55 to $2.61 per share, while analysts polled by FactSet were looking for a profit of $3.25 per share. Ross' third-quarter earnings of $1.48 per share surpassed the $1.40 forecast from analysts polled by LSEG. NetApp earned $1.87 per share, after adjustements, on revenue of $1.66 billion, while analysts polled by LSEG were looking for a profit of $1.78 per share and revenue of $1.65 billion. Elastic — The software stock jumped 24% after the company posted an earnings beat.
Persons: FactSet, Goldman Sachs, Ross, NetApp, LSEG, — CNBC's Michelle Fox, Sean Conlon Organizations: Intuit —, Intuit, Ross, LSEG Locations: LSEG .
I must have the address where the party is happening and the phone number of an adult there. So I set some ground rules for my kids to party and for me to have peace of mind. We find a compromiseI miss the days when I knew most of my kids' friends and their parents and we all looked out for each other's offspring. Rule number two is that they have to always keep their location on and share it with us on their devices. Rule number three, one we just added, is that we need the contact info of whoever they believe is their most responsible friend.
Persons: we've, I've, I'm, It's, didn't, We've, overdosing Locations: individuation, Naloxone
Reddit — The stock fell 6% after Bloomberg, citing a person familiar with the matter, reported that Advance Magazine Publishers is looking to establish a credit facility using as much as $1.2 billion of its stake in Reddit. Gap — The stock jumped more than 10% on the heels of the clothing retailer increasing its full-year outlook — its third time doing so this year. Super Micro Computer — Shares moved more than 11% higher, extending its more than 15% gain in the previous session. Intuit — Shares of the financial software company fell 4% after the release of its fiscal first-quarter report. StoneCo — Shares jumped about 10% after the Brazilian payments company announced a share repurchase program of up to 2 billion reais .
Persons: LSEG, Ross, Needham, bitcoin, , Alex Harring, Jesse Pound, Michelle Fox Organizations: Bloomberg, Advance Magazine Publishers, BDO, Nasdaq, Intuit —, Intuit, LSEG, Carpenter Technology, JPMorgan, . Texas Pacific, Marathon Oil, ConocoPhillips Locations: Reddit
These additives, along with high levels of sugar, salt and fat, help create the overwhelming lure of ultraprocessed foods. Ultraprocessed foods are typically high in added sugars, fats and salt; low in dietary fiber; and full of chemical additives, such as artificial colors, flavors and stabilizers. “There’s a lot of debate about whether or not all ultraprocessed foods are bad for you,” Hall said. Reduce intake of ultraprocessed foods — it’s really that simple.”Unfortunately, advisory committees are instructed to make recommendations using only the strictest science, Nestle added. It takes two overflowing trays of a mix of minimal and ultraprocessed foods to match the same energy density as one trayful of ultraprocessed foods.
Persons: Sam Srisatta, Srisatta, , Kevin Hall, Bert Lahr, Oz, , Jeff Greenberg, ” Hall, Marion Nestle, Paulette Goddard, Nestle, Hall, ” Nestle, “ It’s, It’s, LaMotte, Walter Willett, ” Willett, Dr, Fatima Cody Stanford, ’ ” Stanford, Deirdre Tobias, ” Tobias, Robert F, Kennedy Jr, Donald Trump’s, Kennedy, Bonnie Liebman, Liebman, they’ve, ” It’s, Kevin Hall’s, it’s, ” Srisatta, Sara Turner, ” Turner, Tera Fazzino, Fazzino, Sam Srisatta’s, won’t Organizations: CNN, Unit, National Institutes of Health Clinical, National Institute of Diabetes, Diseases, Cowardly, US Food and Drug Administration, Universal, FDA, Volunteers, Nutrition, Food Studies, Public Health, New York University, , World Health Organization, US Department of Agriculture, US Department of Health, Human Services, Harvard, of Public Health, Disease Prevention, Health, Harvard Medical School, Massachusetts General Hospital, , , Brigham, Women’s Hospital, Assistance, SNAP, Center for Science, NIH, University of Kansas Locations: Bethesda , Maryland, Bethesda, Japan, United States, Chan, Boston, Massachusetts
AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in an X post on Thursday. Musk said Bezos told people they should sell Tesla and SpaceX stock because Donald Trump would lose. Bezos said Musk's claim was "100% not true," to which Musk replied, "I stand corrected." XBusiness Insider was unable to confirm the veracity of Musk's post. AdvertisementNovember 22, 2024: This story has been updated to include Bezos' response to Musk's Thursday X post, and Musk's response to Bezos.
Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Donald Trump, Trump, wasn't, he'd, Musk's, Tesla, SpaceX isn't, Thomas Roulet, Elon, Bill Gates, Gates Organizations: SpaceX, X, Mar, Department of Government, Amazon, Trump, Tech, Bloomberg, University of Cambridge, Twitter, Microsoft Locations: Trump's Florida, China
In an environment of high valuations, one of two "catalysts" could cause a market correction. It has a price-to-earnings ratio above 27, and some have described it as expensive by almost every measure. "We do think that a correction would be healthy, but you will need some type of catalyst for that correction to take place. [It is] still quite healthy, but it is slow, right? "If that continues to slow a bit more, if we were to see inflation tick up again, that could be a catalyst," Arcese said.
Persons: Brian Arcese, CNBC's, Arcese Organizations: Management Locations: Singapore, U.S
AdvertisementA bodybuilder said he stopped skipping warm-ups, and it's led to better results in the gym. Adding weights to a warm-up can lead to better performance, research suggests. A bodybuilder said a four-part warm-up with some weightlifting helps him get the most out of his workouts to build muscle and strength. AdvertisementAdams said taking even a few minutes to warm-up and working in a few sets of moderate weight can translate to better movement. Activate — priming the right muscle groups, often with bodyweight exercise.
Persons: it's, Andre Adams, Adams, I've, you'll, Igor Nasser Organizations: National Academy of Sports Medicine, International Federation of Bodybuilding pro, Business, Federal University of Rio Locations: Federal University of Rio de Janeiro
As of Nov. 9, an estimated 35% of U.S. adults had gotten the new flu vaccine, and nearly 18% had received the new Covid vaccines, CDC data shows. The vaccination rate for the flu as of October was roughly equivalent to the same time last year, the CDC found. The rate of Covid vaccination is also similar to last November, around 15%. The new CDC report warns that flu, Covid and RSV can cause serious illness, particularly for people ages 65 and up and those with certain medical conditions. A second CDC report released Thursday found low vaccination coverage among residents of nursing homes.
Persons: Donald Trump, Robert F, Kennedy Jr, Pediatricians Organizations: Centers for Disease Control, CDC Locations: U.S
Apple is currently discounting some of our favorite wireless earbuds and over-ear headphones — the AirPods Pro 2 and AirPods Max, ahead of Black Friday. NBC Select reporter Harry Rabinowitz says they are the best wireless earbuds for anyone with an iPhone. Apple’s first over-ear bluetooth headphones, the AirPods Max have powerful audio quality, active noise cancelation, transparency mode and spatial audio. NBC Select associate reporter Bianca Alvarez loves using them to focus at work and when flying. Harry Rabinowitz is a reporter for NBC Select who has covered deals and sales for over two years.
Persons: AirPods Max, Harry Rabinowitz, , Apple’s, Max, Bianca Alvarez, , “ I’ve, Cory Fernandez, TikTok Organizations: Apple, NBC, Amazon, Facebook, Twitter
Most Americans are concerned about what may happen to Social Security when its retirement trust fund crosses a projected 2033 depletion date, according to a new Bankrate survey. Nearly three-quarters, 73%, of non-retired adults and 71% retired adults say they worry they won’t receive their benefits if the trust fund runs out. Social Security’s actuaries project the fund the program relies on to pay retirement benefits will be depleted in 2033. Retirees can claim Social Security retirement benefits as early as age 62, though they take a permanent lifetime reduction. Social Security is “inflation indexed longevity insurance,” said CFP David Haas, owner of Cereus Financial Advisors in Franklin Lakes, New Jersey.
Persons: Gen Xers, someone’s, , Mark Hamrick, Zers, it’s, , they’ve, George Gagliardi, ” Gagliardi, David Haas, ” Haas, Xers, Haas Organizations: Security, Bankrate, Social, actuaries, Social Security, Cereus Financial Locations: millennials, Lexington , Massachusetts, Franklin Lakes , New Jersey
My favorite is this pan from Our Place — the most versatile kitchen appliance I own and my most used option. Because it’s my most used pan, I’m consistently washing it, and even after every use, it remains pristine. Its adaptability and ease of use are also why it’s a favorite of NBC Select reporter Zoe Malin. For example, I have the bamboo steamer, which is great for making dumplings.”The Our Place Always Pan 2.0 comes in three sizes — mini, standard and large. My colleagues and I have also used the Our Place Always Pan 2.0 for over a year.
Persons: you’ve, Zoe Malin, , , Malin, It’s, TikTok Organizations: Amazon, NBC, Steam, Facebook, Twitter
If Steel wins, that number would be 151, the same number of women serving in Congress on Election Day, and the first stall in progress since 2016, when President-elect Donald Trump won his first term. Both scenarios mean the number of women in the next Congress will also fall short of the current record of 152 women, following Texas Democratic Rep. Erica Lee Carter’s special election win this month. Senate Republican women will also meet their current record, with nine in the chamber. The number of House Republican women will decrease because of some losses and retirements, falling from 34 in the current Congress to 31 or 32, depending on Steel and Miller-Meeks’ races. After Trump’s first election in 2016, Democrats did see a surge in women running for Congress in 2018, and a wave of Republican women stepped up to run two years later in 2020.
Persons: Mary Peltola, Republican Nick Begich, Michelle Steel, Derek Tran, Steel, Mariannette Miller, Meeks, Christina Bohannon, Donald Trump, Kelly Dittmar, Erica Lee Carter’s, ” Dittmar, Maryland’s Angela Alsobrooks, Delaware’s Lisa Blunt Rochester, North Dakota Republican Julie Fedorchak, South Carolina Republican Sheri Biggs, Elise Stefanik, Stefanik, ” Danielle Barrow, Sara Spain, Dittmar, ’ ”, Oregon’s Janelle Bynum, Laura Gillen, House Republicans ’, Trump’s, It’s, “ We’ve Organizations: Democratic Rep, NBC News, Republican, Senate, Center for American Women, Rutgers University's Eagleton Institute, Politics, Steel, Trump, Texas Democratic, Democratic, Senate Republican, North Dakota Republican, South Carolina Republican, United Nations, GOP, House Republicans Locations: Alaska, Southern California, Iowa’s, South, West Virginia , Ohio, Montana
The Summary A newly identified chemical byproduct may be present in drinking water in about a third of U.S. homes, a study found. About a third of U.S. residents have been receiving tap water containing a previously unidentified chemical byproduct, a new study has found. “We looked for it in 40 samples in 10 U.S. chlorinated drinking water systems located in seven states. It’s likely to be found in all drinking water treated via this method, he said. Any treatment of drinking water involves some level of health risk, Roberson said.
Persons: , David Wahman, chloramine, David Reckhow, Julian Fairey, Alan Roberson, Reckhow, , David Andrews, ” Andrews, Roberson, It’s, Wahman Organizations: Environmental Protection Agency, University of Massachusetts, University of Arkansas, Association of, Environmental Locations: U.S, Amherst
Grocery inflation just hit its peak after a single banana was sold for $6.2 million on Wednesday. Cryptocurrency entrepreneur Justin Sun dropped over $6 million on the piece of produce — because it was duct-taped to a wall. The banana is part of a piece of artwork called "Comedian," created by the Italian artist and satirist Maurizio Cattelan. People view Maurizio Cattelan's "Comedian" on Oct. 25, 2024, in New York City. But the value of the artwork is not in the banana itself — it's derived from the certificate accompanying the purchase.
Persons: Justin Sun, Maurizio Cattelan, Maurizio Cattelan's, John Nacion, Sun, , Sun's, , ” David Galperin Organizations: Getty, CNBC, Associated Press, Art Basel Miami Locations: Italian, New York City, John
WASHINGTON — The House Oversight Committee announced Thursday that Republicans plan to create a subcommittee that would work with Elon Musk and Vivek Ramaswamy on President-elect Donald Trump's recently announced advisory group, the "Department of Government Efficiency." Greene and the Trump team didn't immediately respond to requests for comment. The lawmakers have already met and are working with the team, including Ramaswamy, a person familiar with the effort said. "We’re going to work very closely with Elon Musk and Ramaswamy, Comer said during an interview with Fox Business on Thursday. Greene has served on the Oversight Committee since Republicans retook the House majority in 2023.
Persons: WASHINGTON, Elon Musk, Vivek Ramaswamy, Donald Trump's, Marjorie Taylor Greene, James Comer, Greene, didn't, Trump, Musk, Ramaswamy, Comer, We’ve Organizations: Elon, Department of Government, GOP, Rep, Fox News, Trump, Ramaswamy, Fox Business, Wall Street, White, Office of Management, Budget, Republicans Locations: Ky
Two of the biggest Harry Potter fan communities, MuggleNet and The Leaky Cauldron, denounced Rowling’s views and severed ties with the author’s future projects. On Sept. 10, she posted the U.K. open casting call for the roles of Harry Potter, Hermione Granger and Ron Weasley to her 14.2 million followers on X. “Every time we sit down to have a fun conversation about Harry Potter, the conversation becomes angry and depressing, and so we end up not publishing,” she says. “There are so many fans who deeply disagree with what Rowling is saying, but still want to engage in the Harry Potter fandom.”Ironically, while Rowling’s actions have undermined many Potter fans’ dedication to her, they also appear to have strengthened those fans’ solidarity with each other. We can love and enjoy that without the author.”The question now is whether HBO can cast the same spell.
Persons: J.K, Rowling, Harry Potter ”, Daniel Radcliffe, Emma Watson, Rupert Grint, Eddie Redmayne —, Harry Potter, Francesca Gardiner, Mark Mylod, , Casey Bloys, Harry Potter —, “ J.K, Gardiner, Hermione Granger, Ron Weasley, , Potter, She’s, It’s, Melissa Anelli, “ Harry, “ It’s, Maggie Smith, Murray, Kat Miller, MuggleNet, Miller, Radcliffe, “ Potter, Ralph Fiennes, Helena Bonham Carter, Jim Broadbent, traumatised detransitioners, rebuking John Oliver —, Lumos, Trump, ” Miller, , Anelli, Tylor Starr, Starr Organizations: Warner Bros, Discovery, ” HBO, J.K, HBO, Potter Locations:
Stop & Shop spokesperson Caroline Medeiros said that despite the limited number of products, Stop & Shop stores and pharmacies are still open and operating as the chain works to restock its shelves and anticipate item availability. “At my personal Stop & Shop, I noticed that there wasn’t a lot of chicken, ground turkey. A user showed pictures on a Facebook from a Stop & Shop in Pittsfield, Massachusetts with rows of empty shelves and wrote “Avoid Stop and Shop… their shelves are empty.” A user on TikTok posted a video with over 40 thousand views of the empty shelves in a Stop & Shop in South Boston. Many in the comments of both posts said they had been confronted with similar scenes at other Stop & Shop locations. “Stop & Shop is well stocked with turkeys and hams for the upcoming Thanksgiving holiday, along with staples like potatoes, gravy, and stuffing,” she said.
Persons: , Ahold Delhaize, Christy Phillips, Brown, Hannaford, Caroline Medeiros, Phillips, Medeiros, Nicole Cotton, Cotton, ” Cotton, Alan Liska, ” Liska, We’re Organizations: Shop, Hannaford, NBC News, , Companies, Colonial Pipeline Locations: Netherlands, USA, New York , Massachusetts, Connecticut, Maine, Vermont, New Hampshire, Massachusetts , Connecticut , New York, Rhode Island, Boston, Pittsfield , Massachusetts, South Boston, cryptocurrency, North America, Australia, U.S, Russia
HONG KONG — Authorities in northern China are searching for a wild tiger, after it attacked two men and left one of them needing surgery. Social MediaFollowing the attack, the Heilongjiang Forestry and Grassland Administration held an emergency meeting Monday evening, identifying the animal that caused the injury as a Siberian tiger. Siberian tigers are the world’s largest cats, can weigh up to 660 pounds and grow to be almost 11 feet long. A Siberian tiger. Philipp Schulze / DPA via Getty Images fileAnyone injured in Heilongjiang by wild Siberian tigers is eligible for economic compensation, Northeast China Tiger and Leopard National Park said in a statement.
Persons: Liu Dan, Philipp Schulze Organizations: HONG KONG — Authorities, Social, Grassland Administration, Research, Getty, Northeast China Tiger, Leopard, country’s National Forestry and Grassland Administration, Conservation Alliance Locations: HONG KONG, China, Boli County, China's, Heilongjiang, Heilongjiang Forestry, Russia, Boli
Americans will see the new Trump administration enact changes at a pace that is “like nothing you’ve seen in history,” a Trump campaign official said. Trump’s transition team is also fielding requests from overseas to host his first foreign trip. Coming off a decisive victory on Nov. 5, Trump has moved swiftly to build out the Cabinet and a senior White House team that will execute his plans. “The thing to realize is Trump is no dummy,” said Stephen Moore, a senior economic adviser in Trump’s campaign. Noem campaigned for Trump, though a person close to Trump was surprised he tapped her for the job.
Persons: Donald Trump, Trump, Joe Biden’s, Biden, Karoline Leavitt, , Volodymyr Zelenskyy, Ron Klain, Donald Trump Jr, Mike Pompeo, “ Don, that’s, ” Trump, , Stephen Moore, he’s, ” Moore, Will Trump, We’re, Newt Gingrich, Gingrich, ” Gingrich, Ronald Reagan’s, Chad Wolf, Harris, Kristi Noem, hasn’t, Noem, ’ ” Trump, Grover Cleveland Organizations: WASHINGTON, ., NBC, Trump, Trump’s, White House, Policy Institute, CIA, Security, NBC News, Migration Policy Institute, DHS, Biden, Department of Homeland Security, Cricket, , Cleveland Locations: Jan, West Palm Beach , Florida, Ukraine, Russia, Washington, America, South Dakota, U.S, China
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