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☆ Critics are calling 'Furiosa' one of the 'greatest prequels ever made' — but not better than 'Fury Road'
▼ + stars: | 2024-05-16 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +5 min

Following the success of 2015's "Max Mad: Fury Road," which took in over $380 million at the worldwide box office, "Furiosa" tells the origin story of one of the main characters from "Fury Road," Charlize Theron's Imperator Furiosa. Mel Gibson, the original Mad Max, rarely spoke; same for Tom Hardy, who played Max in "Fury Road." AdvertisementBut it's not as good as "Fury Road"Tom Hardy and Charlize Theron on "Mad Max: Fury Road." Warner Bros. PicturesFor all the praise "Furiosa" is receiving, many critics believe it doesn't surpass Miller's thrilling opus, "Mad Max: Fury Road." "'Furiosa' is a big step down from 'Mad Max: Fury Road,'" opined The Hollywood Reporter critic David Rooney.

Persons: —, Max, George Miller's, Furiosa, Anya Taylor, Joy, Taylor, Chris Hemsworth's, Critics, Jasin Boland, Owen Gleiberman, Miller, Hannah Strong, Joy doesn't, that's, shouldn't, Mel Gibson, Tom Hardy, John Nugent of, emoting, Charlize Theron, IndieWire's David Ehrlich, Chris Hemsworth, Dementus, He's, there's, Liz Shannon Miller, it's, who's, David Rooney, wouldn't Organizations: Service, Business, Cannes Film, Warner Bros, Hemsworth, Fury, Hollywood, The New York Times Locations: Dementus

Across the United States, more frequent extreme weather is starting to cause the home insurance market to buckle, even for those who have paid their premiums dutifully year after year. Christopher Flavelle, a climate reporter, discusses a Times investigation into one of the most consequential effects of the changes.

Persons: Christopher Flavelle Locations: United States

☆ Watch CNBC’s full interview with Trivariate's Adam Parker and NB Private’s Shannon Saccocia
▼ + stars: | 2024-05-07 | 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 EmailWatch CNBC’s full interview with Trivariate's Adam Parker and NB Private’s Shannon SaccociaTrivariate Research's Adam Parker and NB Private's Shannon Saccocia join 'Closing Bell' to discuss the market rally sustainability and their read after earnings.

Persons: Trivariate's Adam Parker, Shannon Saccocia Trivariate Research's Adam Parker, Shannon Saccocia

☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

☆ I tried the app TikTokers could embrace if a ban becomes reality — I'm not convinced it will attract Gen Zers
▼ + stars: | 2024-05-07 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

The app's founder, Edison Chen, described it as "a space for the older generations to feel more comfortable" in an interview with D Magazine last year and somewhere "the parents of TikTok users can express themselves." AdvertisementThe spokesperson said that since the House voted on a TikTok ban, Clapper has seen 30,000 new users. While the app heavily leans on Gen X and Y, the spokesperson said Clapper is adjusting its strategy "to appeal to younger audiences." It would remind me a bit of early Vine, but a lot of content I'm being served seems to be reposted old clips scraped from YouTube and other platforms. On Clapper, I'm watching without really thinking.

Persons: —, Joe Biden, Edison Chen, Chen, I'm, Zers, TikTok, Shannon Lee, Allie, Rebecca Starkey, It's, vaxxers Organizations: Service, Business, D, Pew Research Center, YouTube, Facebook

☆ Dozens of former employees plan to sue Bowlero alleging discrimination after EEOC closes case, lawyer says
▼ + stars: | 2024-05-06 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +8 min

During the company's earnings call with Wall Street analysts later Monday, executives said that the EEOC investigation was now behind them and would no longer be a distraction. "Because of limited resources, we cannot file a lawsuit in every case where we find discrimination," the EEOC explains on its website. It's unclear if the question of whether to sue Bowlero made it to a vote with the EEOC's commissioners. He told CNBC he plans to sue Bowlero for $80 million, plus legal fees. In response, Bowlero's attorneys Alex Spiro and Hope Skibitsky at law firm Quinn Emanuel said they "are pleased with the outcome of the EEOC investigation."

Persons: Bowlero, Thomas Shannon, Robert Lavan, there's, it's, Daniel Dowe, EEOC, Dowe, Alex Spiro, Hope Skibitsky, Quinn Emanuel, Thomas Tanase, Tanase's, didn't Organizations: U.S, Commission, CNBC, AMF, Lucky, Wall Street, Bowlero Locations: North America, Virginia

☆ I love Quarter Pounders. But I don’t get why people enjoy chicken
▼ + stars: | 2024-05-04 | by ( Saira Mueller | ) edition.cnn.com time to read: +6 min

I’ve never really understood why people enjoy eating chicken. Like the frenzy of people crowding Chick-fil-A or Popeyes when a limited-edition chicken sandwich goes on sale, as if it were the latest iPhone release. Or the fact that there’s something called the “chicken sandwich wars,” which could return in 2024 — thanks in part to the recent limited release of two new McDonald’s crispy chicken sandwiches. Compared to the aroma of freshly baked bread or the sizzle of bacon — scents that beckon me closer — the fried chicken smell is like an unwelcome intrusion. Why exactly do you enjoy eating chicken?

Persons: CNN —, I’d, ”, Shannon Stapleton, chow, Homer Simpson, I’ve, Michael Nagle, ” I’m, I’m Organizations: CNN, Reuters, Bloomberg, Getty Locations: Louisiana, New York City, New York, South Africa

☆ DJT stock: Truth Social keeps shrinking despite the Trump trial and looming election
▼ + stars: | 2024-05-03 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Yet new data shows its main product — the conservative-friendly social network Truth Social — remains a very tiny player in its industry, and it’s getting even smaller. “If your entire social circle is on a social media platform, that’s a strong pull to sign up. ‘Meme stock’ argumentTrump recently received another 36 million shares of Trump Media as part of a bonus known as earnout shares. Including those new shares, Trump owns 114.75 million shares of Trump Media — a stake valued at $5.6 billion. Of course, Kennedy notes that there is a counter argument that Trump Media is not a typical social media stock, and so traditional metrics like growth and revenue don’t really matter.

Persons: Donald Trump, it’s, ”, Matthew Kennedy, Kennedy, “, Trump, Shannon Devine, ” Devine, Similarweb, Mark Zuckerberg’s Meta, Gettr, Tom Liu, Musk, ” Kennedy Organizations: New, New York CNN, Trump Media & Technology, Trump Media, CNN, Trump, Truth, Renaissance, Social, ” Trump Media, Elon Musk Locations: New York, Similarweb

☆ Trump Media’s accounting firm charged with ‘massive fraud’
▼ + stars: | 2024-05-03 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

“Trump Media looks forward to working with new auditing partners in accordance with today’s SEC order,” Trump Media spokesperson Shannon Devine told CNN in a statement. According to filings, Borgers served as Trump Media’s independent registered accounting firm before the social media company went public in March. Later in March, the audit committee of Trump Media approved the hiring of Borgers as the public company’s accounting firm. The SEC review only focused on public companies, meaning BF Borgers’ work for Trump Media when it was private was not included. Trump Media is chaired and majority owned by former President Donald Trump, who is also the most popular user on Truth Social.

Persons: BF, Benjamin Borgers, “ Borgers, ” Gurbir Grewal, Trump Media , “, ”, Shannon Devine, Borgers, BF Borgers, Donald Trump Organizations: New, New York CNN, Trump Media & Technology, Securities and Exchange Commission, SEC, Truth Social, Trump Media, BF Borgers, “ Trump Media, ” Trump Media, CNN, Trump, Borgers Locations: New York

☆ Urris: Irish moonshine and the village that declared itself an outlaw republic
▼ + stars: | 2024-05-02 | by ( Yolanda Evans | ) edition.cnn.com time to read: +8 min

Back in the 19th century, however, this county was at the center of an illegal trade in poitín – or Irish moonshine. Inishowen in particular was such a hive of illegal activity that the area was jokingly referred to as the Urris Poitín Republic. Fed up with the heavy fines, the people of Urris declared themselves the independent nation of the “Urris Republic of Poitín” and sealed themselves in by collapsing the pass in 1812, McLaughlin-Doherty explains. The townspeople were able to be self-sufficient because of their farmlands and fishing, thus allowing the Urris Republic of Poitín to last for three years before the coup was ended in 1815. The Catholic Church, a stronghold in Ireland, was instrumental in the eventual curbing of illegal poitín production.

Persons: there’s, Malin, –, uisce, Innis Murray, Martin Hegarty, Jennifer McLaughlin, Doherty, “, Urris, McLaughlin, Poitín, ”, Pat Doherty, poitín, Clara Molden, Aengus King, Pádraic Ó Griallais, Poitin, Ó Griallais Organizations: CNN, Donegal, distillers, Irish Ancestral Tours, Research, “, Catholic, Camera, Drinks, Micil Distillery, Revenue, Department, Agriculture Locations: Inishowen, Ireland’s, There’s, Clonmany, Lenan, poitín, Republic, Ireland, Sligo, Urris, Poitín Republic, Poitín, Urris Republic, Republic of Urris, Ireland’s Shannon, Dublin, Drinks Ireland, Galway, “, Britain

For half a century, the federal government has treated marijuana as one of the more dangerous drugs in the United States. On Tuesday, the Biden administration signaled a significant shift in approach. Zolan Kanno-Youngs, a White House correspondent for The Times, explains how big an impact the proposed changes could have.

Persons: Biden, Zolan Kanno Organizations: The Times Locations: United States

☆ A tax compliance startup raised millions. Then it abruptly shut down, and the founder cut off contact.
▼ + stars: | 2024-04-29 | by ( Ben Bergman | ) www.businessinsider.com time to read: +13 min

Even the human-resources firm retained to help employees with offboarding, Tandem, quit soon after the layoffs because it never got paid. Shannon Flynn Bevers, Tandem's president and founder, said that she tried to help employees but that Johnson stopped responding. "When startups go out of business, they will pay employees their final paycheck. Johnson told employees to take a weeklong furlough and blamed the issue on a technical snafu. She also told employees they could file a claim with their state labor department or hire an employment lawyer.

Persons: Slack, Shiloh Johnson, Johnson, they'd, Benjamin Matthews, Shannon Flynn Bevers, I've, Flynn Bevers, VCs, Josh Felser, Aerin Paulo, ComplYant's, I'd, ComplYant, podcaster David Sacks, Michael Tam, Tam, Matthews, Ryan Cady, Lusely Martinez, Martinez, Cady, paychecks, wasn't, Taliah McGuire, McGuire, what's, Shiloh Luckey, Penelope, We've Organizations: Business, offboarding, . Venture, BI, Craft Ventures, ComplYant, Mucker, Slauson, — Mucker, Fika Ventures, Employees Locations: Los Angeles, Shiloh, San Francisco, Colorado, New York, TikTok

☆ Watch CNBC’s full interview with Solus' Dan Greenhaus and NB Private'a Shannon Saccocia
▼ + stars: | 2024-04-29 | 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 EmailWatch CNBC’s full interview with Solus' Dan Greenhaus and NB Private'a Shannon SaccociaDan Greenhaus, Solus Alternative Asset Management chief strategist, and Shannon Saccocia, chief investment officer of NB Private Wealth, join 'Closing Bell' to discuss markets, the Fed, and their market outlook.

Persons: Solus, Dan Greenhaus, Shannon, Shannon Saccocia Organizations: Asset Management, Wealth

☆ Multiple Law Enforcement Officers Are Shot in Charlotte, Police Say
▼ + stars: | 2024-04-29 | by ( Remy Tumin | More About Remy Tumin | ) www.nytimes.com time to read: 1 min

Multiple law enforcement officers were shot in Charlotte, N.C., on Monday as members of a U.S. Marshals fugitive task force were trying to serve a warrant and were met by gunfire, the police said. The authorities shut down the city’s Shannon Park neighborhood, east of downtown, in order to more easily move victims to hospitals, the Charlotte-Mecklenburg Police Department wrote on social media. It cautioned residents to stay inside and avoid the area. The scene was still active after 3 p.m., the authorities said, and a SWAT team was at the scene.

Organizations: U.S, Mecklenburg Police, SWAT Locations: Charlotte, N.C, Shannon, downtown

☆ Social Security isn’t keeping up with inflation. That could weaken Biden’s support among some seniors
▼ + stars: | 2024-04-28 | by ( Tami Luhby | ) edition.cnn.com time to read: +5 min

CNN —Not long ago, senior citizens got the two biggest annual increases in their monthly Social Security checks that most had ever seen. While inflation has afflicted Americans of every age, senior citizens are often in a more difficult predicament because many live off fixed incomes. Many depend heavily on Social Security – some 42% of elderly women and 37% of elderly men rely on the monthly payments for at least half their income, according to the Social Security Administration. They aren’t wrong: Inflation has eaten away at 36% of Social Security benefits’ buying power since 2000, according to an analysis last year from The Senior Citizens League. The president needs these senior voters since polls also show his support among younger Americans has eroded since 2020.

Persons: Joe Biden, Donald Trump, Biden, Shannon Benton, “, ”, Mary Johnson, Johnson, –, Trump, they’ve, Marty Cohen Organizations: CNN, Social Security, Senior Citizens League, Social Security Administration, Biden, James Madison University Locations: Pennsylvania, Arizona , Michigan, Wisconsin

☆ A woman moved to Florida after her home burned in the Lahaina fires, and the cheapest Maui rental she could find was $10,000 a month
▼ + stars: | 2024-04-26 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

The fires in Maui, Hawaii, displaced 6,200 families, many of whom are still looking for housing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"There are about 7,000 short term rental units on Maui in apartment zoning and 2,200 are in West Maui," Keani Rawlins-Fernandez, a Maui city councilwoman, told KITV. "It would immediately provide housing for those folks who want to stay in West Maui, which is the majority of our folks looking for housing right now." Paele Kiakona, a member of Lahaina Strong, told Hawaii News Now.

Persons: —, Amy Chadwick, Chadwick, " Chadwick, Shannon I'i, I'i, they'll, KITV, Keani Rawlins, Fernandez, Josh Green, We've, Kiakona Organizations: Service, Associated Press, Lahaina, Hawaii News Locations: Maui, Hawaii, Lahaina, Satellite Beach , Florida, West Maui

☆ Why auction houses are embracing luxury — and celebrity — fashion
▼ + stars: | 2024-04-25 | by ( Joan Kennedy | ) edition.cnn.com time to read: +8 min

(CNN) — There’s a lot of talk about luxury’s rising prices, but it’s at auction that fashion is selling for the most eye-popping of sums. Fashion items from the sets of TV, film and even commercials can also garner high prices. Frank Augstein/APWhile selling prices are widely publicized, auction houses maintain something akin to attorney-client privilege when it comes to the identities of their bidders. In fact, much of the archival fashion seen on stars today has passed through auction. “That dress would now sell for $10 million because of that double whammy connection of a celebrity,” said Nolan.

Persons: —, Celine, Joan Didion, Levi’s, Kurt Cobain, Elton, Burberry, ”, Nicole Kidman, Lucy Bishop, Frank Augstein, Bishop, Audrey Hepburn, Diana —, Victoria, they’re, Lady Gaga, Kim Kardashian, Michael Jackson’s, Laverne Cox, Jordan Strauss, ’, Shannon Hoey, Hoey, Dior, Elizabeth Debicki, Diana, “, Meg Randell, Leigh Anne Clark —, Valentino, Saint Laurent, Chanel, Andre Leon Talley’s Birkin, Christie’s, Anna Wintour, Clark, Talley, would’ve, Andre Leon Talley's, Meghan McCarthy, Renae Plant, Diana’s, It’s, Carrie Bradshaw, Martin Nolan, Carrie Bradshaw's, Craig Blankenhorn, Barbie, Marilyn Monroe, John F, Kennedy, Nolan, Read Organizations: The, Fashion, CNN, AMC, Albert Museum, York’s Metropolitan Museum of Art, Vogue, USA, Plant, City, Julien’s, HBO Locations: London, Dallas, Palm Beach , Florida, California, Paris, Australia

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicLawmakers approved a giant new tranche of support for Ukraine late last night after a tortured passage through the U.S. Congress, where it was nearly derailed by right-wing resistance in the House. Marc Santora, a Times reporter in Ukraine’s capital, Kyiv, explains what effect the money could have, given Ukraine’s increasing desperation on the battlefield.

Persons: Marc Santora Organizations: Spotify, Amazon Music Lawmakers, Ukraine, U.S . Congress Locations: Kyiv

☆ This fund that lets retail traders invest in SpaceX and OpenAI is trading at a massive premium
▼ + stars: | 2024-04-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

DXYZ 1M mountain The Destiny Tech 100 fund has seen big swings and is trading well above its net asset value. "It's common for them to not trade exactly at their NAV, but trading at a premium is very strange. Robinhood confusion The popularity of the new fund appears to have caused some confusion on retail brokerage app Robinhood . According to Prasad, the Destiny fund was previously available for trading on brokerage Robinhood, but they started seeing complaints last week that things had changed. "Our focus is not on the premium," but in building out the fund, Prasad said.

Persons: Jack Shannon, Shannon, Chelsea Childs, Sohail Prasad, Prasad, Robinhood, Chelsea, Destiny Organizations: SpaceX, New York Stock Exchange, Tech, Morningstar, Gray, CNBC, Trust

☆ Two strangers swooped in to save a couple’s wedding day
▼ + stars: | 2024-04-19 | by ( Aj Willingham | ) edition.cnn.com time to read: +5 min

Ezequiel Marcellini BodasOh, and there were tears. Then, the officiant asked for their wedding rings to seal the deal. Once they realized what was wrong, the Argentinian couple offered their own wedding rings without a second thought. Photographer Ezequiel Marcellini captured images of the unexpected wedding encounter. The two couples exchanged “thank yous” and “congratulations,” and posed for a few pictures that will undoubtedly have a special place in the Jackson’s wedding album.

Persons: Shannon Jackson, ” Calivé Jackson, “, vivre, —, “ Shannon, ” Jackson, Shannon, Calivé Jackson, Ezequiel Marcellini Bodas, Ezequiel Marcellini, “ We’ve, yous ”, ” Organizations: CNN, Jacksons Locations: Playa Del Carmen, Trinidad and Tobago, Mexico

Within days, millions of TikTok videos using music from Universal artists went mute, and since then guessing which side would blink first has become a media-business parlor game. Backing this up, one study found that TikTok users reported experiencing higher levels of flow than Instagram users. Corey Basch, who analyzed 100 popular TikTok videos with the hashtag mentalhealth for a 2022 study, emerged concerned about the looping effect of the algorithm. Cerave Sales increased by more than 60 percent in 2020 after skin care became a lockdown pastime and TikTok users discovered the drugstore mainstay. Cat Crack Catnip It briefly sold out in 2021 after TikTok users posted videos of their cats going crazy for it.

Persons: randos, TikTok, you’ve, Sydney Sweeney, Glen Powell, ”, “ Wonka, Barbie, “ Oppenheimer, —, goofing, cavorting, Sue Fleishman, Z’s Walter Cronkite, Spehar, Donald J, Trump, he’s, Caitlin Clark’s, Joe Biden, Justin Bieber, Abbie Richards, Richards, Britney Spears, Taylor Swift, Olivia Rodrigo, Lil Nas X, Fleetwood Mac, Rodrigo, Billie Eilish, Drake, Swift, ByteDance, can’t, Mark Warner, hasn’t, Al, ear on, Li Organizations: Fleetwood Mac, Facebook, Sony, Universal, Warner Bros, White, Pew Research Center, YouTube, The New York Times, Kansas City Chiefs, Media, Colgate, Universal Music Group, ByteDance, Intelligence Committee, e Locations: United States, Beijing, Biden’s, TikTok, Singapore, View, Calif, China, American

☆ How much money Americans in their 50s saved in 2023—and 3 ways to save more
▼ + stars: | 2024-04-18 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

With retirement on the horizon, saving in your 50s can be more stress-inducing than in previous years of your life. In fact, when compared with those in their 20s, 30s and 40s, Americans in their 50s put away the least amount of money last year, saving an average of $4,780, according to data from New York Life. People in their 30s saved the most, with an average of over $9,800 saved. Americans in their 50s also fell short of their goal of saving around $5,630. Some people in their 50s also "still have never learned to live within their means," he says.

Persons: Wes Shannon, Read, Shannon Organizations: New York, Brazos Wealth Advisors Locations: New

☆ Art dealing can be a tricky business. Insiders share the ins and outs of their 'unusual' world
▼ + stars: | 2024-04-17 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +5 min

After a degree in fine art, Lambert imagined he would become an art teacher, but a chance meeting with an art dealer who hired him as an assistant set him on a different path. Then, after a stint at another dealership, he opened his own gallery in September — Lambert Fine Art — in the British town of Stratford-upon-Avon. Dealing in art is a trade Lambert described as "unusual," because art is often a purchase driven by emotion rather than need. 'The business needs new blood'The world of art dealing can be intimidating to new entrants, according to Olya Johnson, an interior architect and co-founder of art and interiors business Relic, which she set up in 2023. Risks of dealing artThe occupation can also be risky, because dealers often own multiple pieces of art without knowing when they will be sold, according to the dealers CNBC spoke to.

Persons: —, Mark Lambert, Andy Warhol, Pablo Picasso, Claude Monet, Lambert, …, — Lambert, " Lambert, Olya Johnson, Johnson, Rasid, Relic, Colefax, Fowler, Natalie Vosloo, it's, Tom Rooth, Jack Roberts, I've, Roberts, David Hockney, Jeff Koons, Damien Hirst, Banksy, Shannon Finney Organizations: Art, CNBC, — Lambert Fine Art, Fair, Anadolu, Getty, Washington , DC Locations: Stratford, Avon, London, Battersea Park, Washington ,

☆ My daughter is a high school athlete. I spent a lot of time and money on her sports even though she has no future in athletics.
▼ + stars: | 2024-04-14 | by ( Shannon Serpette | ) www.businessinsider.com time to read: +5 min

My daughter is on the softball, volleyball, and cross country teams at her small high school. I can't even begin to count how many hours and how much money we've invested in her school sports. Now that she is in high school, she is a member of the volleyball, softball, and cross-country teams. Some parents I know have insinuated that high school sports aren't worth the time, but I've found some rewarding benefits. For that reason alone, I believe the time and money we've spent is well worth it.

Persons: we've, —, I've, isn't, she's, She'll, We've, She's, chatted, It's Organizations: Service, Sports

☆ Americans are savings less these days. Here’s why and what that means
▼ + stars: | 2024-04-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Washington CNN —Americans haven’t been stashing money into their savings accounts like they used to, according to government statistics. Put together, this may have resulted in “a structurally lower saving rate,” according to the report. What does the lower saving rate of nowadays say about the US consumer? Households are continuing to spend at these elevated rates and one reason is because of the lower saving rate. You’re just not seeing a reversal back to pre-Covid levels, which isn’t shocking when you look back historically to what has happened to the saving rate.

Persons: haven’t, “, Wells, Bell, Shannon Seery Grein, There’s, they’ve, we’ve, Matt Egan, ” Paul Knopp, Read, Goldman Sachs, Charles Schwab, Lorie Logan, Mary Daly, Johnson, Morgan Stanley, Jerome Powell, Loretta Mester, John Williams, Raphael Bostic, Austan Goolsbee Organizations: Washington CNN, Wells, KPMG, CNN, Gallup, T Bank, US Commerce Department, National Association of Home Builders, China’s National Bureau of Statistics, Johnson, Bank of America, PNC, The Bank of New York Mellon, Northern Trust, United Airlines, Federal Reserve, Abbott Laboratories, Discover, Citizens, Cleveland Fed, Taiwan Semiconductor Manufacturing, Netflix, Alaska Air, National Association of Realtors, Fed, US Labor Department, Procter & Gamble, American Express . Chicago Fed Locations: Wells Fargo, United States, Europe, UnitedHealth, Blackstone

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