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☆ When a Gen Zer studied in Milan, he met a best friend online to combat loneliness. They still maintain a friendship despite living in different continents.
▼ + stars: | 2024-03-17 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Nick Portello (left) and Michele Gandolfi (right) maintain their international friendship over social media. Portello loved getting to experience Milan from a local's perspective, and Gandolfi appreciated doing new activities in his home city. "It's different living as a queer person in Italy, in a big town like Milan, or in New York like Nick." Portello said his experience meeting Gandolfi has encouraged him to reach out to new people and continue building real friendships on social media. Are you a Gen Zer who met friends online or maintain a long-distance friendship?

Persons: —, Nick Portello, Michele, Mycah, We've, Zers, Michele Gandolfi, Portello, Gandolfi, Milan, — he's, It's, Nick, Zer Organizations: Service, Business Locations: Italy, Milan, Reddit, American, That's, New York, Stockholm, London, Europe

CNN —The Senate on Thursday confirmed career foreign service member Dennis Hankins to be US ambassador to Haiti, where widespread violence has brought social order to the brink of collapse. The unrest has forced tens of thousands of people to flee their homes and prompted United States, Germany and European Union embassies in Haiti to evacuate personnel. Hankins’ confirmation comes after Haiti’s Prime Minister Ariel Henry announced on Monday that he would resign following weeks of chaos. The former ambassador to Mali and to Guinea has worked for the State Department for nearly four decades. He served in Haiti earlier in his foreign service career.

Persons: Dennis Hankins, Hankins, Ariel Henry, Joe Biden, Michele Sison, CNN’s Colin McCullough, Caitlin Stephen Hu, Helen Regan Organizations: CNN, European Union, US Marine, Haitian, Southern Command, Haiti’s, State Department Locations: Haiti, Caribbean, Port, United States, Germany, Mali, Guinea

☆ 5 ways to help your kids be more successful than most—including one 'many parents fail to teach,' expert says
▼ + stars: | 2024-03-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

But some strategies are proven to be more effective than others, when it comes to raising successful children. Here are five ways parents can help set their kids up for future success, according to psychologists and other parenting experts. But when it comes to raising a successful child, one is more important than the other, educational psychologist Michele Borba wrote for CNBC Make It in 2022. Give them autonomyThe ability to self-motivate is one of the two important traits that can help kids grow into successful adults, child psychologist Dr. Tovah Klein told Make It last year. Don't stress over perfectionWojcicki raised three successful children — a doctor and two high-profile CEOs — but she never demanded perfection from them.

Persons: Michele Borba, Borba, they'll, Nir Eyal, Eyal, Tovah Klein, Esther Wojcicki, Wojcicki, —, Perfectionism, you've, Allison Butler Organizations: CNBC, New Zealand's University of Otago, Bryant University

☆ 'Clean' property, private lenders could be Trump's best option to get $540 million for legal judgments
▼ + stars: | 2024-03-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

A more important factor could be whether Trump's real estate assets are already mortgaged, said law professor John Coffee. "He would have to come up with clean real estate property that is not already securing something that some other bank has a lien on," Coffee said. Michele Eve Sandberg | AFP | Getty ImagesIn New York City, the value of Trump's real estate holdings totals $690 million, according to a September 2023 estimate by Forbes. New York Attorney General Letitia James, who brought the fraud case, said she would seize Trump's real estate assets if he cannot pay his civil penalty. They instead offered to post a $100 million bond, but New York appeals court Judge Anil Singh rejected the proposal.

Persons: Donald Trump, Justin Sullivan, Trump, Jeff Bezos, Elon Musk, Chris Kise, haven't, Eric Talley, Talley, Alina Habba, Jean Carroll’s, Carroll, Jane Rosenberg, John Coffee, Jones, Michele Eve Sandberg, Letitia James, Anil Singh, Jean Carroll's, Neil Pedersen, Pedersen, Caitlin Ochs Organizations: Fox News, Greenville Convention Center, Getty, Columbia University, Trump, Manhattan Federal, Trump Organization, Trump National Doral, AFP, Forbes, New York, New, Sons, CNBC Locations: Greenville, Greenville , South Carolina, New York, New York City, Trump National Doral Miami, Miami , Florida, York, Manhattan, New York City , New York, U.S

☆ More Americans are moving to Tuscany, where their money goes further, the pace is slower, and the wine flows freely
▼ + stars: | 2024-03-02 | by ( Jordan Pandy | Reed Alexander | ) www.businessinsider.com time to read: +14 min

More Americans are moving to Tuscany, a part of Italy known for medieval walled cities and wine. Some locals say it's keeping their economy alive, but others are starting to grumble. The influx of Americans, locals said, can be at once a booster of fortunes and an irritating imposition. "A lot of locals say that a place like Montepulciano cannot handle all those tourists because it's a small city," said Tudor, the jeweler. Americans, Ercolani said, "spend money and they appreciate the quality of the food and the wine that we have."

Persons: —, Leanne Davis, Davis, Jon Chewning, Chewning, It's, Georgette Jupe, Knight Frank, Florence ., they're, we've, Frances Mayer's, it's, Michele Capecchi, Capecchi, Erin Lewis, Lewis, Danilo Romolini, Luca Tudor, AJ Tuscany, Tudor, who's, Sam D'Avanzo, dell'Anfiteatro, Frank Bienewald, they've, lockdowns, Jupe, Bendetta, Cantina Ercolani, Ercolani Organizations: Service, Business, Associated Press, US Department of State, Italian National Institute of Statistics, away.com, Christie's, Estate, Locals, International School of Florence Locations: Tuscany, Italy, California, Romano, Sacramento, Montepulciano, Florence, Boccheggiano, Lucca, Siena, American, Europe, Rome, Venice, Chiusi, Austin , Texas, Houston , Texas, Italian, Switzerland, Albanian

☆ Unemployment benefits, emergency savings. Here's how to get by without a paycheck after a job loss
▼ + stars: | 2024-02-26 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

"Job loss is extremely traumatic, but it is important to remember that it is not the end of the world," said Michele Evermore, a senior fellow at The Century Foundation. The average weekly benefit ranges greatly between states, Evermore said. Job loss is extremely traumatic. Michele Evermore a senior fellow at The Century FoundationWhether or not the package affects your unemployment benefits depends on your state's rules, Evermore said. Strategize which savings to tap, in what orderHopefully you have an emergency savings fund to draw from, Curtis said.

Persons: Michele Evermore, Evermore, you've, Carolyn McClanahan, McClanahan, Curtis Organizations: Google, Microsoft, Paramount, CNBC, The Century Foundation, The Century, Employment Security Department, Planning Partners, CNBC's Locations: New York, Washington, Jacksonville , Florida

☆ There's growing frustration with Netanyahu and the way he's prosecuting the war: Michèle Flournoy
▼ + stars: | 2024-02-26 | 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 EmailThere's growing frustration with Netanyahu and the way he's prosecuting the war: Michèle FlournoyMichèle Flournoy, WestExec Advisors managing partner and former Under Secretary of Defense for Policy in the Obama administration, joins 'Squawk Box' to discuss the latest developments in the Red Sea attacks, what the appropriate U.S. response should be, the state of the Israel-Hamas war, impact on U.S.-Israel relations, and more.

Persons: Netanyahu, Obama Organizations: WestExec Advisors, Defense, Policy Locations: Israel

So The New York Times asked more than 5,300 people in the U.S. with this heritage how they describe themselves …No Box to Check: When the Census Doesn’t Reflect YouEgyptian, Iranian, Lebanese, Amazigh, Arab, American. In the 2020 census, “Lebanese” and “Egyptian” were offered as examples for the “white” box on the race question. The other categories were “Black or African American,” “American Indian or Alaska Native,” “Native Hawaiian or other Pacific Islander” and a variety of Asian ancestries. After all, there’s no agreed-upon set of countries or ethnicities that would fall under a Middle Eastern and North African category. The chart shows these responses after the MENA category was added: 69% chose “MENA,” 15% chose “MENA, White,” 3% chose “Another Race,” 5% chose “White” and 8% chose other combinations.

Persons: Brown, New York Times callout, Biden, ”, —, “, ” Martin Zebari, ” Samera Hadi, ” Imene Said Kouidri, ’ ” Faisal Ali, ” Joseph Hallock, Maya Berry, there’s, Margo J, Anderson, “ You’re, Tiffany Kindratt, ” Khelil, ‘, Dusty Haddad, “ White, Jeffrey S, ” Nadine Naber, Naber, I’m, ” Ceylan Swenson, ” Blake Bachara, ” Amin Younes, We’re, ” Rita Obeid, Barack Obama, It’s, ” Thomas Simsarian Dolan, ” Gabrielle Barbara Guliana, Christina Boufarah, I’ve, ” Michele Magar, ” Soufiane, ” Azita, Moustafa, ” Nawar Organizations: U.S ., New York Times, Arab, Israel, American Community, Management, Federal, Arab American Institute, University of Wisconsin, Census Bureau, Survey, North, Cornell University, Centers for Disease Control, Prevention, University of Texas, The Times, Times, Pew Research, University of Illinois, Bureau, West Virginian Locations: Eastern, Sudanese, Southwest, U.S, East, North Africa, United States, Michigan, Gaza, Europe, Lebanese, Alaska, American, MENA, Milwaukee, —, Arlington, America, White, University of Illinois Chicago, Chicago, Lebanon, Iran, N.Y.C, Israel, Turkey, Southwest Asia, Afghanistan, Armenia, West, I’m

☆ Europe’s energy crisis ‘will completely unwind’ over the next couple of years, Goldman Sachs says
▼ + stars: | 2024-02-23 | 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 EmailEurope’s energy crisis ‘will completely unwind’ over the next couple of years, Goldman Sachs saysMichele Della Vigna, head of natural resources research in EMEA at Goldman Sachs, discusses the outlook for Europe’s energy markets amid Russia’s ongoing war in Ukraine.

Persons: Goldman Sachs, Michele Della Vigna Organizations: Goldman Locations: Ukraine

☆ Everything we know about 'True Detective' season 5
▼ + stars: | 2024-02-23 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

"Night Country" was López's first season of "True Detective," as well as the first season of the show not helmed by creator Nic Pizzolatto. Here's everything that we know about "True Detective" season five. While season four contained numerous easter eggs and references to the show's first season, "True Detective" is an anthology series. AdvertisementAccording to Vanity Fair, shortly after the "Night Country" premiere, that bio read "True Detective S1-3 (NOT Night Country)." "TRUE DETECTIVE AGGREGATE POST — this here is the place for all your trolling/support/infighting around True Detective and the absolute moral degeneracy and misogyny of anyone who did not think it was good.

Persons: —, HBO —, Issa López, Nic Pizzolatto, Francesca Orsi, hasn't, Pizzolatto, Kali Reis, Jodie Foster, Michele K, López, López haven't, it's, it'll, he's, kay, Vulture, Evangeline Navarro Organizations: Service, HBO, Business, Variety, Hollywood Reporter, Rotten Locations: Ennis , Alaska

☆ Americans could save up to $300 a month on their mortgages if interest rates drop as expected in 2024
▼ + stars: | 2024-02-23 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Homeowners who recently purchased properties with interest rates as high as 8% face much higher monthly mortgage payments than those seen a few years ago. Of course, interest rates will not return to 3% anytime soon, but homeowners don't need rates to drop much to see a big difference in their bank accounts. Homeowners with high-interest mortgage loans are expected to quickly refinance when rates drop. While mortgage interest rates started to fall in late 2023, they were above 7% for much of the year, peaking near 8% in October, and recently climbed back above 7%. Win McNamee/Getty ImagesWhenever cuts happen, a drop in rates would save existing and new homeowners money each month.

Persons: —, Michele Raneri, Raneri, Eric Audras, Raphael Bostic, Jerome Powell, Win McNamee Organizations: Service, Business, TransUnion, Atlanta Fed, CNN, . Federal Reserve Locations: TransUnion

☆ The 'True Detective: Night Country' showrunner wants you to decide what actually happened in the finale
▼ + stars: | 2024-02-19 | by ( Kirsten Acuna | Palmer Haasch | ) www.businessinsider.com time to read: +7 min

The finale of "True Detective: Night Country" answered some of our biggest questions — and left others open. Warning: Major spoilers ahead for episode six of "True Detective: Night Country." Warning: Major spoilers ahead for episode six of "True Detective: Night Country." Jodie Foster as Danvers in "True Detective: Night Country." Jodie Foster and Kali Reis as Danvers and Navarro in episode six of "True Detective: Night Country."

Persons: —, Issa López, Liz Danvers, Jodie Foster, Evangeline Navarro, Kali Reis, López, I'm, Danvers, Michele K, Annie Kowtok's, Raymond Clark, Annie Kowtok, bankrolling, Clark, Tsalal, Kowtok, Silver, Hank, Navarro, Bee, it's, Otis Heiss, Hank Prior Organizations: HBO, Silver Sky, Danvers Locations: Danvers, Tsalal, Navarro

☆ ‘Jawbreaker’ is turning 25, but the film’s costumes still represent iconic teen fashion
▼ + stars: | 2024-02-18 | by ( Scarlett Harris | ) edition.cnn.com time to read: +5 min

Horribly wrong, that is, in that it results in the death of the “Four’s” fourth member, Liz Purr, by the titular jawbreaker. From left: Julie Benz, Rose McGowan and Rebecca Gayheart, whose "Jawbreaker" characters turn the hallways of their high school into high-stakes runways. Columbia TriStar/Kobal/ShutterstockSartorial lines can also be drawn from “Jawbreaker” to “Gossip Girl,” “Euphoria” and “Do Revenge,” to name just a few. “The first time you see her as bad Vylette, she’s in full-on hot pink.”Why not purple like the flower she’s named after? “When Fern becomes Vylette she’s not a straight man’s fantasy… She’s essentially dressed like a drag queen!” Stein laughed.

Persons: CNN —, ”, Rebecca Gayheart’s, Julie, Queen Bee Courtney Shane, Rose McGowan, Marcie Fox, Julie Benz, Julie Freeman, Liz Purr, “, Vikki Barrett, Barrett, who’d, “ Romy, Courtney, Marcie, Rebecca Gayheart, Barrett thrifted, Jawbreaker ”, she’s, Darren Stein, ” Barrett, Courtney revamps, Fern Mayo, Judy Greer, “ She’s, Stein, —, Rose McGowan's Courtney, Judy Greer's Fern, Everett, Angelyne, Sandy Olsson, Fern, ” Stein, it’s Organizations: CNN, Queen, Michele’s, Columbia TriStar, TriStar Locations: Los Angeles

☆ Why Gucci’s New Creative Director Counts Princess Diana Among His Muses
▼ + stars: | 2024-02-18 | by ( Laura May Todd | ) www.nytimes.com time to read: +2 min

Alessandro Michele’s departure as the creative director of Gucci hadn’t yet been announced. By his own account, he struggled to express himself; young, gay and interested in fashion, De Sarno felt out of place. He did stints at Prada and Dolce & Gabbana before, in 2009, making a more permanent home at Valentino in Rome. During his 14-year tenure there, he cycled upward through various departments until he became the label’s fashion director and the right-hand man of its creative director, Pierpaolo Piccioli. Recently, Gucci announced that the company will relocate the design office from Rome to Milan, where De Sarno feels most at home.

Persons: Sabato De Sarno, Alexander McQueen, Balenciaga, Saint Laurent, “, Alessandro Michele’s, Gucci hadn’t, ” De Sarno, Maria, Raffaele, De Sarno, Pierpaolo Piccioli, Gucci, ”, “ It’s, Sabato, “ I’m, ‘, I’ll Organizations: Gucci, Istituto, Prada, Dolce, Gabbana Locations: Kering, Bottega, Cicciano, Italy, Naples, Milan, Valentino, Rome

☆ Cocoa prices just hit a record high. Here's what's driving the gains and what it means for chocolate makers
▼ + stars: | 2024-02-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +7 min

If you think chocolate prices this Valentine's Day were more expensive than usual, it's not you. Year to date, futures contracts are up nearly 27%, with cocoa prices rising in six of the past seven weeks. Here's a breakdown of what's driving cocoa prices higher and how it impacts the investment case around two major chocolate stocks. Doshi thinks cocoa prices could sell off about 20%, taking them to around $4,500 to $4,800 per ton. In an interview with CNBC last week, he underscored the rising cocoa price outlook as the key driver for his lower rating.

Persons: Humza Hussain, El, Aakash Doshi, Doshi, Bernstein, Bruno Monteyne, … There's, Mondelez, Alexia Howard, Hershey, Michele Buck, Bernstein's Howard, Howard, I'd, Bryan Spillane, Morgan Stanley, Pamela Kaufman, Bank of America's Spillane Organizations: Asset Management, CNBC, Hershey, Citi, 2H, Street, Bank of America, Bank of, Cadbury Locations: Mondelez, El Niño, Ghana, Ivory, Nigeria, Europe

☆ I'm a working mom, and I'm also taking care of my dad. I live with guilt.
▼ + stars: | 2024-02-16 | by ( Michele Gorman | ) www.businessinsider.com time to read: +4 min

My mom died of cancer when I was 14, and now my dad has been diagnosed with it. When I'm with my daughter I feel guilty that I'm not with my dad, and vice versa. But when I'm with my dad, I feel guilty I'm not with Ellie. And when I'm with Ellie, I feel guilty I'm not with my dad. It's really, really hard.

Persons: —, I've, texted, Ellie, I'm, Will, it's, isn't, Ellie — Organizations: Service Locations: New York City, Massachusetts, Queens

☆ Netanyahu Is Pursuing War 'For His Personal Career', Palestinian FM Says
▼ + stars: | 2024-02-14 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

NICOSIA (Reuters) - Palestinian Foreign Minister Riyad al-Maliki accused Israeli Prime Minister Benjamin Netanyahu on Wednesday of caring only about his political survival as attempts to end the conflict in Gaza appeared inconclusive. War in Israel and Gaza View All 206 ImagesMaliki, a member of the Palestinian Authority running the West Bank, said it was imperative to find ways to prevent an attack on Rafah. Photos You Should See View All 22 ImagesIn Jerusalem, there was no immediate reply from Netanyahu's office to a request for comment on Maliki's remark. Cyprus, the closest EU member state to the Middle East, has proposed setting up a dedicated, one way maritime corridor to deliver aid directly into Gaza. "We agree that the escalating humanitarian needs call for a scaled up, unhindered flow of aid," the Cypriot minister said.

Persons: Riyad al, Benjamin Netanyahu, Netanyahu, Maliki, Constantinos Kombos, Michele Kambas, Maayan Lubell, William Maclean Organizations: Palestinian, Hamas, Palestinian Authority, West Bank Locations: NICOSIA, Gaza, Israel, Rafah, Palestine, Cypriot, Jerusalem, Cyprus

☆ The Fed can still break markets. Here’s how
▼ + stars: | 2024-02-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Those gains came even as Federal Reserve officials attempted to reduce investors’ lofty expectations for a plethora of interest rate cuts this year. It is now signaling that interest rates could come this year but not until spring or summer. That means they think the Fed is keeping interest rates too high and could potentially slow down economic growth too much and risk a recession. That makes the NFL and the Super Bowl all the more valuable to advertisers trying to reach a mass market. Li-Lac Chocolates, which calls itself the oldest chocolate shop in Manhattan, told CNN that their raw chocolate prices are up 13% this February compared to a year ago.

Persons: Torsten Slok, Jerome Powell, Raphael Bostic, Olivier Darcy, Sunday’s, CNN’s John Towfighi, ”, Michele Buck Organizations: CNN Business, Bell, New York CNN, Big Tech, Federal Reserve, Investors, Nasdaq, Federal, Apollo Global Management, National Association for Business, Atlanta Fed, CNN, Kansas City Chiefs, San Francisco 49ers, CBS, Chiefs, Philadelphia Eagles, NFL, Allegiant, NFC, Fox, AFC, Super Bowl, Companies, Hershey Co Locations: New York, There’s, Las Vegas, West Africa, North America, Manhattan

☆ With a low cocoa supply, this Valentine’s Day chocolate prices are up
▼ + stars: | 2024-02-12 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

Rising cocoa prices aren’t the only concern for customers this Valentine's Day. Last Thursday, Hershey Co. said it would cut 5% of its workforce after historic cocoa prices and inflation-weary consumers dampened fourth quarter earnings. “And it looks like it’s not necessarily going to subside anytime soon.”The Supreme Valentine’s Day SweetRoughly 92% of Americans say they plan to share chocolate and candy for Valentine’s Day this year, according to the National Confectioners Association. In 2023, Valentine’s Day chocolate and candy sales exceeded $4 billion, the NCA says. Issaka said that while high demand and low supply raise prices, cocoa farmers are getting squeezed.

Persons: ”, Michele Buck, Billy Roberts, ” Roberts, Lindsey Nicholson, Marnie Ives, Ives, ” Ives, “ It’s, Karl Schneider, Roberts’s, Issifu, Issaka, ” Issaka, “ I’m, Cote, Will Kletter, Sabi Ibarra Guerrero, Uwe Gneiting, Gneiting, Joke Aerts, Aerts, ” Aerts, Sia Kambou, Price, Tony’s, “, they’ve, CNN’s Eva Rothenberg Organizations: CNN, Hershey Co, National Confectioners Association, NCA, Cocoa, Oxfam America, Getty, Fairtrade, Cote d’Ivoire, “ Locations: West Africa, North America, Manhattan, Queens , New York, Neck, NY, Bloomfield , NJ, Ghana, North Region, Cote d’Ivoire, Silicon, Africa, Accra, Cote, Hermankono, AFP

Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to higher prices for chocolate. Cocoa futures prices have doubled over the past year and hit an all-time high of $5,874 per metric ton on Friday. Bad weather in West Africa is being blamed for damaging crop yields, which is pushing cocoa prices higher. But with inflation concerns still top of mind, many shoppers are pulling back on their spending and eyeing rising food prices cautiously. Hershey Co. anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.

Persons: Hershey, ”, Thomas Palmer, Michele Buck, ” Buck, Steven Voskuil Organizations: Citi, Hershey, Hershey Co Locations: West Africa

☆ Opinion: ‘Lisa Frankenstein’ is giving us a new kind of monster
▼ + stars: | 2024-02-09 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +8 min

The new “Lisa Frankenstein,” by Zelda Williams in her directorial debut, hits some of the same notes. Kathryn Newton stars as Lisa Swallows and Cole Sprouse as The Creature in LISA FRANKENSTEIN, a Focus Features release. This is where “Poor Things” and “Lisa Frankenstein” diverge. Bella Baxter in “Poor Things” starts out as a clumsy innocent, but she becomes more knowledgeable and self-confident over time. “Lisa Frankenstein” shows why that’s a loss for all of us — and Lisa is ready to cut up the patriarchy to prove it.

Persons: Noah Berlatsky, CNN —, Mary Shelley’s, Frankenstein, ”, Victor Frankenstein, —, Shelley, Noah Berlatsky Noah Berlatsky, we’ve, “ Lisa Frankenstein, Yorgos Lanthimos, Lisa Frankenstein, Zelda Williams, Diablo Cody, “, Lisa, Kathryn Newton, She’s, Carla Gugino, Liza Soberano, Cole Sprouse, Lisa Swallows, LISA FRANKENSTEIN, Michele K, “ Lisa Frankenstein ”, Bella Baxter, she’s, Bella, Williams, Mary Shelley, Lord Byron, Celine Song’s “, Emma Stone, Atsushi Nishijima, Greta Gerwig’s, Barbie, “ Barbie, It’s, Cody, he’s, wouldn’t, Lisa Frankenstein ”, Barbie ”, “ Oppenheimer, Lily, Mary Organizations: CNN, REO, Searchlight Pictures Locations: Chicago, Hollywood, Taffy’s, “, Ireland

Credit expanded by just 0.4% in the month, according to the Federal Reserve’s monthly credit report released Wednesday. And it still leaves consumers with record levels of credit card debt. Of that, credit card balances grew by $212 billion to $1.13 trillion, while mortgage balances rose by $112 billion to $12.25 trillion. “Credit card and auto loan transitions into delinquency are still rising above pre-pandemic levels,” said Wilbert van der Klaauw, economic research advisor at the New York Fed. Average card balances rose by 10% from a year ago to $6,360, a record.

Persons: ”, Wilbert van der, TransUnion, Michele Raneri, Scott Haymore, “ Deleveraging, Wells Fargo Organizations: Federal, Federal Reserve Bank of New, Auto, New York Fed, millennials, TransUnion, TD Bank Locations: Federal Reserve Bank of New York, Wells Fargo

☆ Hershey CEO: We are predicting 2 to 3% sales growth this year
▼ + stars: | 2024-02-08 | 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 EmailHershey CEO: We are predicting 2 to 3% sales growth this yearHershey CEO Michele Buck joins 'Squawk on the Street' to discuss Buck's insight into the consumer, the dynamic between higher prices and volume sacrifices, and snacking trends in North America.

Persons: Hershey, Michele Buck Organizations: Hershey Locations: North America

“What we’ve seen with the Taylor Swift tour is something that we’ve not really seen before,” said Richard Clarke, an analyst at investment firm Bernstein. Taylor Swift performs at the Staples Center in Los Angeles in 2015. From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009.

Persons: Tokyo CNN —, Taylor, Travis Kelce, Taylor Swift, we’ve, ”, Richard Clarke, Bernstein, “ It’s, TikTok she’d, curating, Kane Ishiyone, Swift, –, Ishiyone, Richard A, Brooks, Clarke, “, that’s, Christopher Polk, Scott, Andrea Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, I'm, West, Beyoncé, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, David Eulitt, Mitsumasa Etou, Akazawa, haven’t, It’s, Michele Bullock Organizations: Tokyo CNN, People, Kansas City Chiefs, Taylor, Getty, Super Bowl, Chicago Bears, dateline, Vegas, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Arrowhead, Chiefs, NET, Tokyo City University, Fuji, Tokyo, Reserve Bank of Australia, Reuters Locations: Tokyo, Las Vegas, Philippines, Fukuoka, Japan, Germany, Austria, Netherlands, Shibuya, AFP, Asia, Washington, Las Vagas, Los Angeles, West Reading , Pennsylvania, Philadelphia, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, London, Arlington , Texas, Tampa, Chicago, Atlanta, Kansas City , Missouri, Asia Pacific, Singapore, Australia, East Coast

☆ Dollar firms near 3-month high as rate cut bets dwindle
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar was perched near a three-month peak on Tuesday, buoyed by elevated Treasury yields, on growing expectations that the Federal Reserve is unlikely to cut interest rates aggressively this year. The U.S. dollar was perched near a three-month peak on Tuesday, buoyed by elevated Treasury yields, on growing expectations that the Federal Reserve is unlikely to cut interest rates aggressively this year. The string of robust U.S. economic data has quashed any lingering hopes of early and steep interest rate cuts by the Fed, with Fed Chair Jerome Powell and other policymakers also pushing back against the notion. Figures showed that the unemployment rate was likely much lower late last year than previously thought, which could push out rate cuts there, too. The Japanese yen strengthened 0.07% to 148.56 per dollar, hovering around a two-month low of 148.90 it touched on Monday.

Persons: Jerome Powell, Christopher Wong, Michele Bullock, Kristina Clifton Organizations: U.S, Federal, Investor, Reserve Bank of Australia, Investors, Reuters, Commonwealth Bank of Australia Locations: Singapore, Asia

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