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You may not know it by looking at sticker prices in grocery aisles, but Thanksgiving dinner is more affordable than it has been in years. “If your dollar had the same overall purchasing power as a consumer in 1984 … this would be the least expensive Thanksgiving meal in the 39-year history of the AFBF Thanksgiving survey, other than the outlier of 2020,” the authors wrote. Target is offering a $20 Thanksgiving meal for four, including a small turkey, canned vegetables and stovetop stuffing mix. Walmart is promoting an “inflation-free Thanksgiving” meal of 29 items that can serve eight people for $56. “Don’t be afraid to check out multiple retailers.”Some Thanksgiving meal packages offer more ingredients, but that could mean preparing more dishes from scratch.

Persons: TJ Maxx, ”, Robin Wenzel, “ Don’t, ” Wenzel Organizations: American Farm Bureau Federation, ”, Walmart, TJ, Target, Aldi, Food Institute, Wells Fargo’s, Consumer Locations: U.S, ” Turkey, Wells, West

☆ Egg prices are going even higher. This time it’s avian flu and the holidays
▼ + stars: | 2024-11-24 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +5 min

New York CNN —Egg prices have risen steadily over the past two years. Egg prices at the grocery store were up 30.4% in October from the year prior, according to the consumer-price index. Increased demand from holiday cooking makes egg prices even more volatile. Avian flu, which is spread through wild birds, has been plaguing farmers and egg supply since January 2022. “Our egg prices really ride the waves associated with high influenza,” said Bernt Nelson, an economist with the American Farm Bureau Federation.

Persons: ”, Stew Leonard Jr, Steward Leonard’s, Emily Metz, That’s, Bernt Nelson, Leonard Jr, he’s, “ I’ve, ” Morton Williams, “ It’s, they’re, Steve Schwartz, Morton Williams, Schwartz, nothing’s, ” Schwartz Organizations: New, New York CNN, American Egg Board, American Farm Bureau Federation, US Department of Agriculture, Grocers Locations: New York, Oregon , Utah, Washington, York, New York City, mayo

☆ Taylor Swift or bust: As costs weigh on concertgoers, mid-sized shows just aren't worth it
▼ + stars: | 2024-11-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

Rising tour costs and social media influence are reshaping concert ticket pricing dynamics. Taylor Swift or bustTaylor Swift's Eras Tour tickets had an average face-value price of $254 in 2023 and a resale market price of $3,801. "It's sort of like the extremes have spread out as well, where we're seeing concert tickets sell for the most we've ever seen them," Leyden said. "But on the flip side, we're certainly seeing plenty of concert tickets that are still selling for a relatively good deal." AdvertisementAfter all, with ticket prices getting driven up, "the experience expectations are being driven up," Finn said.

Persons: Jaylon Jackson, Hozier, Jackson, He's, Sabrina Carpenter, Taylor, Taylor Swift, Kacey, Justin Timberlake, Post Malone, Morgan Wallen, Chris Leyden, there's, Leyden, Jonathan Bricker, Mike Finn, It's, Finn, Sabrina Carpenter's, we've, Joseph Bocanegra, Omar Apollo, he's Organizations: Broadway, Post, BI, Berklee College of Music, Imagine, Berklee, Super, Sports Locations: Texas, Arkansas, U.S, amphitheaters

☆ Trump Tariffs: Businesses, Americans Are Preparing for Higher Prices
▼ + stars: | 2024-11-24 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

They're trying to figure out what to do. They're trying to figure out what to do. Thanks to muscle memory from the tariffs Trump imposed in 2018, he says, many businesses are speeding up their shipping schedules — racing to get as many goods as possible into the country before any new tariffs are implemented. So did dryers, even though they weren't subject to tariffs — companies figured customers would assume that two related products were subject to the same inflationary forces. Related stories"If they can accelerate big purchases they know they're going to make, they should do that," says Lovely, the senior fellow at the Peterson Institute.

Persons: Donald Trump's, I'm, I've, Jolie, Trump, Greg Daco, Mary Lovely, Ernie Tedeschi, Biden, Steve Madden, Paul Brashier, Brashier, Stephen Lamar, Mike Brey, Brey, Lindsay Owens, Tedeschi, it's, didn't, Emily Stewart Organizations: Trump . Companies, Yale Budget, Peterson Institute, Yale Budget Lab, ITS Logistics, Trump, American Apparel and Footwear Association, Hobby Works, tote, Apple Watch, Business Locations: United States, New York City, China, EY, American, Vietnam, Mexico, USA

Starbucks' airport location staff — and company technology — will be put to the test this week during some of the busiest travel days of the year. For the aviation industry, bottlenecks at airport Starbucks are just another sign of soaring demand and overcrowded airports. Licensing modelA challenge for Starbucks is that licensees — not Starbucks itself – operate its airport locations. Starbucks opened its first airport location with licensee HMSHost in 1991 at Seattle-Tacoma International Airport, which serves Starbucks' hometown. While HMSHost still operates the overwhelming majority of Starbucks' airport cafes, more operators, such as Paradies Lagardere and OTG, have since taken a swing at it.

Persons: Jeff Greenberg, Coresa Barrino, Brian Niccol, Niccol, Jennifer Simkins, Ursula Cassinerio, HMSHost, Paradies, OTG, Mark Kalinowski, Leslie Josephs, Kevin Schimpf, Sara Senatore ., Senatore Organizations: Miami International Airport, Universal, Getty, Starbucks, New, Transportation Security Administration, U.S . Department of Transportation, Aviation Administration, Dallas Fort Worth International, International, Airlines, Tacoma International Airport, HMSHost, Equity Research, LaGuardia, CNBC, Bank of America Locations: Miami, Charlotte , North Carolina, Charlotte, Chipotle, U.S, Seattle, New York City

☆ 6 things we’re watching in the stock market in the holiday-shortened trading week ahead
▼ + stars: | 2024-11-24 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

While the magnitude of the guidance beat was perhaps not enough to satiate the most demanding of bulls, the stock was flat on the week. Our other cybersecurity stock, CrowdStrike , is one of the main events of this holiday-shortened week on Wall Street. We added to our CrowdStrike exposure last week after the stock came under pressure due to increased geopolitical tensions . ET: Pending Home Sales Thursday, Nov. 28 Stock market closed for Thanksgiving holiday Friday, Nov. 29 Stock market closes early at 1 p.m. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Donald Trump's, HomeGoods, Tuesday's, Trump, We'll, LSEG, CrowdStrike, Dow Jones, —, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Dow Jones, Nasdaq, Dow, Companies, Palo Alto Networks, Federal, Home, Palo, Body, Fluence Energy, Agilent Tech, Abercrombie, Fitch, DICK'S Sporting, Dell Technologies, Autodesk, HP, Urban Outfitters, Nordstrom, Jim Cramer's Charitable, CNBC, The New York Stock Exchange, NYSE Locations: Maxx, U.S, Burlington

☆ 5 ways to make Thanksgiving more affordable
▼ + stars: | 2024-11-24 | by ( John Towfighi | ) edition.cnn.com time to read: +8 min

CNN —Thanksgiving means football, food and, for some, crazy family reunions. Almost half of people hosting Thanksgiving dinner are concerned about cost, according to a survey by Deloitte published on November 19. Here are five ways to make Thanksgiving dinner more affordable. People shop for frozen turkeys for Thanksgiving dinner in Mount Prospect, Illinois, on November 17, 2021. Consider a bundle dealRetailers across the country are offering deals for Thanksgiving dinner, competing to be a part of your holiday meal.

Persons: CNN Max, Billy Roberts, ” CoBank’s Roberts, Nam, they’ll, Josh Koebert, ” Koebert, Koebert, CoBank’s Roberts, Wells, Robin Wenzel, Wenzel, ” Wenzel, “, William Masters, ”, ” Masters Organizations: CNN, America ’, American Farm Bureau Federation, Deloitte, CoBank, Food Institute, Walmart, Wells Fargo’s, Bureau of Labor Statistics, Friedman, of Nutrition Science, Tufts University, Shoppers Locations: New York, Chicago, Houston, America, Turkey, Mount Prospect , Illinois, Wells, Wells Fargo, Midwest

☆ 'Wicked' soars with $114 million domestic opening, 'Gladiator' snares $55.5 million
▼ + stars: | 2024-11-24 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

The box office was a popular destination this weekend as Universal's "Wicked" and Paramount's "Gladiator II" arrived in cinemas. "Wicked" is expected to snare $114 million during its domestic opening, the highest debut of a Broadway adaptation in cinematic history, according to Sunday estimates. Tracking projections for "Wicked" started around $80 million in late October, but rose to a range of $120 million to $140 million. Meanwhile, "Gladiator II" is expected to open with $55.5 million in ticket sales domestically, according to Sunday estimates. This is lower than box office expectations, which called for a haul between $60 million and $80 million.

Persons: Paul Dergarabedian, Oppenheimer, Michael O'Leary, NBCUniversal Organizations: Hollywood, Disney, Warner Bros, National Association of Theatre, Comcast, CNBC Locations: NBCUniversal

☆ The economist who predicted the election outcomes in detail tells BI his forecasts for 2025 GDP, inflation, and the threshold that would explode the deficit
▼ + stars: | 2024-11-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

AdvertisementChristophe Barraud predicted a Republican sweep and spike in the 10-year yield. Barraud, a top US economy forecaster, expects GDP growth to exceed consensus forecasts. He also expects higher inflation and shares concerns over the deficit crossing 7.5% of GDP. AdvertisementHe previously said that US GDP growth in 2025 would be stronger than expected at 2.1%, above Bloomberg's consensus forecast of 1.9%. A stronger labor market will cause this, especially wage growth and new job creation, combined with labor shortages from restrictive immigration policy.

Persons: Christophe Barraud, Kamala Harris, Donald Trump, Barraud, I'm, Trump Organizations: Republican, Market Securities Monaco, Bloomberg, Trump, Congressional, Office, Tax Foundation

☆ Shoppers are ready to open their wallets this holiday season — for the right deals
▼ + stars: | 2024-11-23 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

AdvertisementShoppers are willing to spend this holiday season, but many are still budget-conscious. Shoppers appear ready to spend this holiday season, but many aren't giving up the search for bargains just yet. Multiple signals suggest that some shoppers feel less pinched financially as the biggest shopping season of the year ramps up. As such, many are looking for good deals, as they have been for much of this year, while still spending on the holiday season. Friday's retail sales growth showed "a good early step forward into the holiday shopping season," National Retail Federation Chief Economist Jack Kleinhenz said.

Persons: Claire Tassin, Tassin, Milton, Jack Kleinhenz, Kleinhenz, Doug McMillon, John Rainey, Rick Gomez Organizations: Shoppers, Morning, Retailers, Nordstrom, Bank of America Institute, University of Michigan's, Hurricanes, Retail Federation, Census Bureau, Walmart, Target

☆ How tech bros bought 'America's most pro-crypto Congress ever'
▼ + stars: | 2024-11-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Bernie Moreno, Republican U.S. Senate candidate from Ohio, attends a campaign event in Holland, Ohio, on Saturday, October 26, 2024. In total, crypto-related PACs and other groups tied to the industry reeled in over $245 million, according to Federal Election Commission data. Crypto accounted for nearly half of all corporate dollars that flowed into the election, according to nonprofit watchdog Public Citizen. It was one of the top spending committees of any industry this cycle and exclusively gave to pro-crypto candidates running for Congress. "Welcome to America's most pro-crypto Congress ever," Armstrong wrote on X on Nov. 5.

Persons: Bernie Moreno, Moreno, Sen, Sherrod Brown, Tom Williams, Donald Trump, Coinbase, Crypto, Marc Andreessen, Ben Horowitz, David Sacks, " Moreno, Brian Armstrong, Fred Ehrsam, Faryar Shirzad, Armstrong, Ehrsam, Coinbase's Armstrong, Gary Gensler, Brown, Elizabeth Warren, FTX, Fairshake, gunning, Republican Jim Justice, Democratic Sen, Joe Manchin, Katie Porter, Porter, he'd, Horowitz, Sacks, Coinbase's Shirzad, Moreno wasn't, Shirzad, David McIntosh, McIntosh, hasn't, JD Vance's, Sam Bankman, Gensler, Andreessen Horowitz, Cameron, Tyler Winklevoss, Ripple, Chris Larsen, JD Vance, Paul Grewal, Jesse Powell, Trump, Phil Potter, Multicoin Capital's Kyle Samani, Fred Wilson, Charles Cascarilla, Mike Belshe, Solana, Anatoly Yakovenko, Wences Casares Organizations: Republican U.S, Cq, Inc, Getty, Democratic, Banking Committee, Public Citizen, Crypto, House, Securities and Exchange Commission, SEC, Senate, Committee, Republicans, Protect, Fairshake, Defend, Jobs, Republican, New, CNBC, Andreessen, Craft Ventures, Club for Growth, Growth, Politico, PAC, Labs, Senate Inc, Trump, Union Square Ventures, Xapo Bank Locations: Republican, Ohio, Holland , Ohio, Cleveland, Coinbase, U.S, Arizona, Michigan, West Virginia, California, Washington, FTX, Nashville , Tennessee

☆ Data centers powering artificial intelligence could use more electricity than entire cities
▼ + stars: | 2024-11-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The power needs of artificial intelligence and cloud computing are growing so large that individual data center campuses could soon use more electricity than some cities, and even entire U.S. states, according to companies developing the facilities. Now, with the advent of artificial intelligence, data centers are growing so large that finding enough power to drive them and enough suitable land to house them will become increasingly difficult, the developers say. Technology companies are in a "race of a lifetime to global dominance" in artificial intelligence, said Ali Fenn, president of Lancium, a company that secures land and power for data centers in Texas. Beyond VirginiaAs land and power grow more limited, data centers are expanding into new markets outside the long-established global hub in northern Virginia, Sahlstrom said. The privately-held company is working with utilities to secure up to 1.8 gigawatts of power for the site to support as many as 40 individual data centers.

Persons: Ali Fenn, Nat Sahlstrom, Sahlstrom, Phoenix — Organizations: Technology, Phoenix, CNBC, Department of Energy, Bureau Locations: U.S, Pittsburgh, Texas, Denver, Virginia, Maricopa County , Arizona, Storey County , Nevada, Reno, Buckeye , Arizona

☆ It's time to get serious about fixing the nation's power grid. That puts these stocks in a sweet spot
▼ + stars: | 2024-11-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

The U.S. electric grid needs a total body makeover. With Duke Austin, a fourth-generation lineman, at its helm, Quanta Services has a long history in electric power infrastructure. The backbone of the electric grid Transmission and distribution is the backbone of the electrical grid, delivering power from generation sites to consumers. PWR YTD mountain Quanta Services shares year to date MasTec MasTec has been in comeback mode. MYR Group Goldman expects MYR Group is well positioned for 2025.

Persons: Neil Mehta, Goldman Sachs, weren't, Goldman, Mehta, Duke Austin, Carly Davenport, Davenport, Austin, Goldman's Mehta, they're, MasTec, Jose Mas, MasTec's, Truist, Jamie Cook, McCoy, Cook, Ati Modak, Modak, MYR Organizations: U.S, Edison Electric Institute, MYR, CNBC, Management, MYR Group Locations: U.S, Austin

☆ The McRib is returning for the holidays. Why isn’t it sold year-round?
▼ + stars: | 2024-11-23 | by ( Erika Tulfo | ) edition.cnn.com time to read: +6 min

CNN —The McRib is returning to menus this holiday season – but don’t get used to it. Essentially, consumers don’t know when it will show up next — and that element of surprise also drives demand. “It creates this sense of urgency that you have to get it now because you don’t know when it’s coming back. You don’t know if it’s coming back,” Henkes said. It’s so popular that the McDonald’s website listed “Why isn’t the McRib sold year-round?” as a frequently asked question.

Persons: McDonald’s, Nacho Fries, hasn’t, ”, Michael Della Penna, Stephen Zagor, David Henkes, Technomic, it’s, ” Henkes, Henkes, Brian Niccol, Zagor Organizations: CNN, Columbia Business School, Starbucks, Facebook, “ Locations: Kansas City

WASHINGTON — The Supreme Court could further weaken the power of federal agencies by agreeing on Friday to hear a dispute over a Federal Communications Commission program that requires companies to subsidize telecommunications services in underserved areas. The FCC case raises two interlinked issues, one of which concerns the broad question of whether Congress exceeded its powers. The FCC turned to the Supreme Court after the New Orleans-based 5th U.S. The Supreme Court earlier this year issued a series of rulings against federal agencies, including one overturning a 40-year-old precedent that gave leeway to agencies to interpret laws written ambiguously. Three of them serve on the Supreme Court.

Persons: WASHINGTON —, Andrew Oldham, Donald Trump's Organizations: Federal Communications Commission, FCC, Consumers, Research, Universal Service Fund, Universal Service Administrative Company, New, Circuit, Conservative, Oldham, Trump Locations: New Orleans

Generic drugs are the backbone of medicines prescribed in the U.S.: They account for about 90% of all prescriptions filled, according to the Association for Accessible Medicines, a trade group that represents generic drugmakers. Karoline Leavitt, a spokesperson on Trump’s transition team, declined to say whether Trump planned to grant an exemption on generic drugs. According to the American Society of Health-System Pharmacists, a group that tracks drug shortages, there are 277 active drug shortages in the U.S., half of which have persisted for two or more years. That’s different from generic drugs, which are cheaper and are often sold at close to the cost for which they were made, he said. What concerns Kesselheim the most is that tariffs could cause generic drug prices to skyrocket should more generic drug manufacturers drop out.

Persons: Donald Trump, Trump, Aaron Kesselheim, Janet Woodcock, ” Woodcock, Arthur Caplan, you’ve, ”, drugmakers, Woodcock, Karoline Leavitt, Leavitt, ” Kesselheim, Hurricane Helene, “ Organizations: Harvard Medical School, Association for Accessible Medicines, Food and Drug Administration, NYU Langone Medical, American Society of Health, System, Baxter International Locations: China, U.S, India, New York City, Hurricane, North Carolina, Indonesia, United States

☆ TJ Maxx says Trump’s tariff ‘chaos’ will help the chain
▼ + stars: | 2024-11-22 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

But TJ Maxx believes that Trump’s tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx, Marshalls and HomeGoods, said Wednesday that the “chaos” Trump’s tariffs may bring to the retail industry plays right into its business model. Tariffs are taxes placed on imported goods designed to protect domestic manufacturers. Unlike most brands and retailers, TJX says it only imports a small, undisclosed percentage of its merchandise from factories overseas. “In other words, even if prices do generally rise because of tariffs, TJX will still be relatively cheaper.”

Persons: Donald Trump’s, TJ Maxx, it’s, ”, Ernie Herrman, ” “ That’s, TJX, Trump, Herrman, Lowe’s, Steve Madden, John David Rainey, ” Neil Saunders Organizations: New, New York CNN — Companies, Marshalls, Companies, National Retail Federation, “ Manufacturers, Peterson Institute for International Economics, Walmart, CNBC, GlobalData, CNN, “ Locations: New York, HomeGoods, East, China, TJX

☆ Red Lobster's millennial CEO says the chain saw a boost in sales after launching its revamped menu — with no endless shrimp
▼ + stars: | 2024-11-22 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

AdvertisementRed Lobster recently introduced a revamped menu with no "endless shrimp." Red Lobster's new CEO said the chain's revamped menu — which no longer includes its infamous "endless shrimp" promotion — has already started to help turn things around at the struggling company. In 2023, the long-running chain made the once-limited-time offer of $20 endless shrimp a permanent menu fixture in an effort to get more customers in the door. Advertisement"Countless people grew up going to Red Lobster at important times in their lives," Adamolekun told the outlet. Advertisement"There's been so much turmoil around the business that some people just opted out," Adamolekun told Bloomberg.

Persons: Red, —, Damola Adamolekun, Adamolekun, hadn't Organizations: Bloomberg, Street Journal

☆ Bad news if you’re looking to buy a house in the next two years
▼ + stars: | 2024-11-22 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

After hitting two-decade highs nearing 8% late last year, mortgage rates have fallen, dipping nearly as low as 6% in September. Mortgage rates are expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Home sales are on track for their worst year since 1995 due to home-price growth and elevated mortgage rates. Mortgage rates are closely tied to the 10-year US Treasury yield. Billionaire investor Paul Tudor Jones last month said a swelling national debt under Trump would be frowned upon by the bond market.

Persons: Freddie Mac, ” Lawrence Yun, “, Wells, Fannie Mae, Donald Trump’s, Trump, ” Bernard Baumohl, Paul Tudor Jones, “ We’re, ”, Nick Dus, “ They’ve, Dus, NAR’s Yun, Yun, ” Yun, Samantha Delouya Organizations: Washington CNN, National Association of Realtors, Federal, Treasury, Economic Outlook, Billionaire, Trump, CNBC, CNN, Fed Locations: Wells Fargo, Evansville , Indiana

☆ Apple and Google could face a competition probe over their huge mobile ecosystems in the UK
▼ + stars: | 2024-11-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

LONDON — Apple and Google could face a competition investigation into their dominance of mobile web browsers and apps in the U.K. The U.K.'s Competition and Markets Authority issued a report Friday with a provisional decision from an independent inquiry group tasked by the regulator with carrying out an in-depth review of the mobile browser markets. In the report, the group recommended that the CMA investigates Apple and Google's activities in mobile ecosystems under the new Digital Markets, Competition and Consumers Act (DMCC), a new U.K. law coming into force next year which seeks to prevent anti-competitive behavior in digital markets. The DMCC is akin to the Digital Markets Act in the European Union. The group also said it found a revenue-sharing agreement between Google and Apple to make Google the default search engine on iPhone "significantly reduces their financial incentives to compete in mobile browsers on iOS."

Organizations: Apple, Google, Markets Authority, CMA, Markets, Competition, Consumers, Digital, European Union

☆ T.J. Maxx is in prime position to benefit from Trump's trade policies
▼ + stars: | 2024-11-22 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementT.J. Maxx is set to benefit from Trump's proposed tariffs on imports. T.J. Maxx could end up benefiting from Trump's suggested tariffs. Related Video Truth Social just brought Trump a $4 billion windfall, but experts aren't soldThis means more opportunities for T.J. Maxx to buy stock as excess inventory kicks around the market. For consumers forced to trade down or priced out of their usual retail spots, T.J. Maxx might present itself as the perfect option. AdvertisementTJX, the parent company of T.J. Maxx, Marshall's, and Home Goods, beat Wall Street's estimates in the third quarter, reporting revenue of $14.1 billion, up 6% from the previous year.

Persons: Maxx, Trump, aren't, Chris Walton, Lorraine Hutchinson, Neil Saunders Organizations: Target, Omni, Bank of America, Home Goods, GlobalData Locations: T.J, China

Caiaimage/Paul Bradbury | Caiaimage | Getty ImagesWhen is a dupe an appropriate gift? Alternatively, "if it seems appropriate in the situation — if it is a more light-hearted gift — you can definitely go the dupe route," she said. 'It's a dupe for a reason'While some shoppers take pride in buying dupes, roughly 86% of shoppers have been disappointed by their purchase of a dupe, CouponCabin found. Shopping secondhand this seasonConsumers should make the same value considerations when buying secondhand, which has also become more popular, even for gifting. The majority, or 83%, of shoppers are also open to receiving secondhand gifts this holiday season, the report found.

Persons: Paul Bradbury, Caiaimage, Ellyn Briggs, Melanie Lowe, Lowe, CouponCabin, Lauren Beitelspacher, it's, Beitelspacher Organizations: Morning, Babson College, Pew Research Center, Facebook Locations: dupes, U.S

☆ Your questions about Trump 2.0, answered
▼ + stars: | 2024-11-22 | by ( Zachary B. Wolf | Leinz Vales | ) edition.cnn.com time to read: +19 min

CNN —When we asked CNN readers for their questions about the incoming Trump 2.0 administration, we got a lot of nervous and scared feedback. Donald Trump and Ivanka Trump walk to Marine One at the White House in Washington, DC, on January 4, 2021. This is her response:Trump has promised to protect Social Security and not raise the retirement age or make other cuts. For more, read Luhby’s story on how a second Trump term could affect Social Security benefits. For his second term, Trump has promised to find military officials more loyal to him and that he’ll fight an “enemy from within” of political opponents.

Persons: Donald Trump’s, I’m, …, Catherine Shoichet, Shoichet, Trump, ”, Lisa Graybill, Tom Homan, He’s, Kelli Stump, she’s, “, Ashley, Joe Biden, Eric Gay, Stephen Miller, Trump’s, Alan, Jim Sciutto, Roman Plipey, Afghanistan –, Vladimir, Putin, Marco, Rubio, Mike, Waltz –, Tulsi, Gabbard, Will, Greg, ” Trump, Donald Trump, Ivanka Trump, Joshua Roberts, hasn’t, Tami Luhby, James, There’s, Portugal's, Armando Franca, Lawrence, Katie Lobosco, that’s, there’s, –, Biden’s, Will Trump, Biden, Emily, … Gustavo, doesn’t Biden, Steve Here’s, Ella Nilsen, Jim Watson, it’s, Will Trump’s, Keith Trump’s, Nixon, Adam, ” Sen, Adam Schiff of, ” Schiff, Matt Gaetz Organizations: CNN, Trump, Security, National Immigration Law Center, American Immigration Lawyers, Ashley Presidents, US Customs, National Guard, US, Ukraine, Getty, NATO, White, Reuters, Social, Social Security, Bee, FBI, New Jersey Trump, Republicans, Congress, Pentagon, Trump White House, NPR Locations: Rio, Mexico, Eagle Pass , Texas, Ukraine, Powers, Russia, China, Europe, Kyiv, Roman, AFP, Afghanistan, Maine, Washington ,, Barbara, Louisiana, Italy, Lisbon, Illinois, New Jersey, Florida, North Carolina, Colorado, Red Butte, Tusayan , Arizona, Adam Schiff of California

☆ Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts
▼ + stars: | 2024-11-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

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

☆ 'The Infatuation' CEO on dining trends in the U.S.
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The Infatuation' CEO on dining trends in the U.S.Paul Needham, CEO of The Infatuation, joins CNBC's 'Squawk Box' to discuss dining trends he's seen around the country recently, how consumers are spending on food, and more.

Persons: Paul Needham Locations: U.S

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