A Dollar General store in Germantown, New York, on Nov. 30, 2023.Angus Mordant/Bloomberg via Getty ImagesThree of the nation’s largest retailers — Dollar General, Dollar Tree and Kroger — charge fees to customers who ask for “cash back” at check-out, amounting to more than $90 million a year, according to the Consumer Financial Protection Bureau.Many retailers offer a cash-back option to consumers who pay for purchases with a debit or pre-paid card.But levying a fee for the service may be “exploiting” certain customers, especially those who live in so-called banking deserts without easy access to a bank branch or free…
Author: usaeverydaylife
Customers at a Lego store in Shanghai, China, on Feb. 3, 2024.Costfoto | Nurphoto | Getty ImagesAn inflation-fueled sales slump hit the toy industry in the first half of 2024, but one company is gaining market share brick by brick.On Wednesday, Lego said revenue during the first six months of the year jumped 13%, reaching 31 billion Danish kroner, or about $4.65 billion.Niels Christiansen, CEO of the privately held Danish toymaker, told CNBC that the company is seeing strength across its portfolio, especially with Lego Icons and Lego Creator, and through its partnership with Epic Games’ Fortnite.Last year, Lego saw…
Here are Thursday’s biggest calls on Wall Street: Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it sees “durable growth” for Salesforce following earnings on Wednesday. “We continue to view GenAI as a tailwind for Salesforce, with benefits likely coming in CY25, but at these levels, GenAI represents a call option.” Bank of America reiterates Nvidia as buy Bank of America said it’s sticking with the stock following earnings. “Our positive view on Nvidia is based on its underappreciated transformation from a traditional PC graphics chip vendor, into a supplier into high-end gaming, enterprise graphics, cloud, accelerated computing and…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailPrimetime Partners’ Alan Patricof and Abby Miller Levy joins ‘Fast Money’ to talk investing in aging and longevity.05:26Wed, Aug 21 20246:44 PM EDT Source link
Even in the face of stubborn inflation, small business owners are striking a more positive tone. Optimism surrounding the economy is rising and the CNBC|SurveyMonkey Small Business Confidence Index reached its highest level since President Joe Biden took office, according to the latest quarterly data released on Thursday morning.Twenty-eight percent of small business owners describe the current state of the economy as “excellent” or “good,” up five percentage points from the prior quarter and up from 18% year over year, according to the CNBC|SurveyMonkey Small Business Survey for Q1 2024. It’s the most optimistic respondents to the survey have been…
Norway’s Princess Martha Louise and her American fiancé Durek Verrett on their way to the gala dinner for Princess Ingrid Alexandra at the castle in Oslo on June 17, 2022.Lise Aserud | AFP | Getty ImagesA Norwegian princess marrying her Hollywood fiancé — it sounds like exactly the sort of fairy tale to charm a world beset by war and political strife.But the wedding on Saturday of Princess Märtha Louise to Durek Verrett, an American spiritual healer and self-professed shaman, is mired in controversy and criticism.Märtha Louise, 52, is the eldest daughter of Norway’s long-reigning and widely popular King Harald,…
Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | ReutersThe Wisconsin Elections Commission on Tuesday voted to keep Robert F. Kennedy Jr. on the state’s November presidential ballot, thwarting the former third-party candidate’s plan to remove his name from ballots in key battleground states set to decide the 2024 presidential election.The Wisconsin Elections Commission voted 5-1 Tuesday to keep Kennedy’s name on its ballot in keeping with state law, which dictates that, “Any person who files nomination papers and qualifies to appear on the…
Divers of the Vigili del Fuoco, the Italian Corps. of Firefighters leave Porticello harbor near Palermo, to resume research for a last missing person on August 23, 2024, four days after the British-flagged luxury yacht Bayesian sank. Alberto Pizzoli | Afp | Getty ImagesDivers on Friday retrieved Hannah Lynch, the daughter of British tech entrepreneur Mike Lynch, from the wreckage of a yacht that sank off the coast of Sicily, a source familiar with the matter told CNBC.Eighteen-year-old Hannah Lynch was the last person still unaccounted for, out of six people who went missing after the superyacht Bayesian sank suddenly during a…
During the second-quarter earnings period, many companies signaled travel demand is expected to drop in 2024. Source link
Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesShares of Super Micro Computer closed down 19% on Wednesday, after the company announced it would not file its annual report for the fiscal year with the U.S. Securities and Exchange Commission on time.”SMCI is unable to file its Annual Report within the prescribed time period without unreasonable effort or expense,” the company said in a release. “Additional time is needed for SMCI’s management to complete its assessment of the design and operating effectiveness…
