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CNBC

Most Expensive States: New Report Puts Pair Of CT Neighbors In Top 10 Most Expensive States: New Report Puts Pair Of CT Neighbors In Top 10
Most Expensive States: New Report Puts Pair Of CT Neighbors In Top 10 A new ranking by CNBC has found that both New York and Massachusetts are part of the top 10 most expensive states to live in. The CNBC report, which was published on Friday, July 12, used an index of prices for a broad range of goods and services, which was calculated by the Council for Community and Economic Research (C2ER), alongside housing affordability and the cost to insure a median-priced home, to determine the list of spendy states. New York, which ranked in ninth place (tied with Florida, Rhode Island, and Washington), earned a grade of D- from CNBC’s “Top States for Business 202…
McDonald's To Launch Value Meal Deal: Here's When It Starts McDonald's To Launch Value Meal Deal: Here's When It Starts
McDonald's To Launch Value Meal Deal: Here's When It Starts McDonald's plans to offer a $5 value meal to lure back dollar-conscious customers. The one-month promotion starts on Tuesday, June 25, according to CNBC, which first reported the news. It will include a McChicken or McDouble sandwich, four-piece chicken nuggets, fries, and a drink, the outlet reports. "We know how much it means to our customers when McDonald's offers meaningful value and communicates it through national advertising," McDonald's said in a statement to CNBC.  "That's been true since our very beginning and never more important than it is today." Click here to read …
JetBlue Cuts Certain Flights From Westchester County Airport, Report Says: Here's Which Ones JetBlue Cuts Certain Flights From Westchester County Airport, Report Says: Here's Which Ones
JetBlue Cuts Certain Flights From Westchester County Airport, Report Says: Here's Which Ones As part of an adjustment process to increase profits, JetBlue Airways will be cutting certain flights from Westchester County Airport, according to a report by CNBC. The airline announced that it would be cutting flights between Westchester Airport and Martha's Vineyard in an internal memo that also detailed similar adjustments regarding other airports, according to a CNBC report from Friday, Jan. 19.  The cuts were made as part of the airline's effort to return to profitability following its failed plan to buy Spirit Airlines, which was blocked by a court decision on antitrust grounds…
Spoiler Alert: That Really Is Westchester Airport In Latest Episode Of HBO's 'Succession' Spoiler Alert: That Really Is Westchester Airport In Latest Episode Of HBO's 'Succession'
Spoiler Alert: That Really Is Westchester Airport In Latest Episode Of HBO's 'Succession' Is your jaw still on the floor from that shocking "Succession" twist on Episode 3 of Season 4 on Sunday night, April 9?  Well get ready to be stunned again: That wasn't actually Teterboro Airport in New Jersey, despite what was stated during the episode. The hit HBO show follows a feuding family attempting to gain control of a massive corporation and it features plenty of backstabbing and duplicity. Who knew it also applied to airports? The latest episode used the Bergen County airport as a key plot point for more scheming and skullduggery: The scenes at Teterboro Airport were actuall…
New England's Own Jay Leno Has CNBC Show Canceled, Ends 30-Year-Run On NBC New England's Own Jay Leno Has CNBC Show Canceled, Ends 30-Year-Run On NBC
New England's Own Jay Leno Has CNBC Show Canceled, Ends 30-Year-Run On NBC As popular comedian Jay Leno recovers from a motorcycle crash, CNBC is canceling a television show focusing on his classic car collection.  Earlier Report - Jay Leno Breaks Bones In New Incident Involving Classic Vehicle  "Jay Leno's Garage," which has been on the air since 2015, will be canceled by the network, ending the former Tonight Show host's 30-year-run of having a show on an NBC channel, according to multiple reports.  The reality show, which features Leno's classic car collection and also includes interviews with famous guests, was canceled after a large schedule shift at CNBC, …
Amazon Plans To Lay Off Around 10,000 Employees, Report Says Amazon Plans To Lay Off Around 10,000 Employees, Report Says
Amazon Plans To Lay Off Around 10,000 Employees, Report Says A week before the holiday shopping season officially kicks off, Amazon is set to begin laying off approximately 10,000 corporate and technology employees, The New York Times reports. Job cuts at the online retail giant were expected to start the week of Monday, Nov. 14, and will primarily affect Amazon’s retail, devices, and human resources divisions, according to the outlet. The largest in its history, the layoffs would impact 1 percent of the company’s global workforce and 3 percent of its corporate employees. It follows several other cost-cutting moves that CEO Andy Jassy has implemente…
These Zip Codes In Northeast Among Top 10 Most Expensive In US, New Report Says These Zip Codes In Northeast Among Top 10 Most Expensive In US, New Report Says
These Zip Codes In Northeast Among Top 10 Most Expensive In US, New Report Says Four zip codes in the Northeast rank in the Top 10 for most expensive in the United States, according to a brand-new report. The rankings, published by CNBC, were determined by median home sale prices. Three of those four zip codes are on the east end of Long Island, led by No. 2 Sagaponack (11962), which the report says has a median home sale price of $6,972,500, behind only No. 1 Atherton, California (94027), which is $9 million. The other zip codes in the Hamptons making the Top 10 were Water Mill (11976) and Bridgehampton (11932). The other Northeast zip code on th…
Facebook Parent Company Meta Laying Off More Than 11,000 Workers Facebook Parent Company Meta Laying Off More Than 11,000 Workers
Facebook Parent Company Meta Laying Off More Than 11,000 Workers Meta, the parent company of Facebook, has just announced it is laying off more than 11,000 employees, about 13 percent of its workforce. "Today I’m sharing some of the most difficult changes we’ve made in Meta’s history," CEO Mark Zuckerberg began in a letter to employees Wednesday morning, Nov. 9. "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1 (the first quarter). "I want to take accountability for these decisions and for how we got here. I know this …
'Nothing Else Like It': $14.9M Estate Poised To Break Local Record In Fairfield County Town 'Nothing Else Like It': $14.9M Estate Poised To Break Local Record In Fairfield County Town
'Nothing Else Like It': $14.9M Estate Poised To Break Local Record In Fairfield County Town An estate that was listed for sale earlier this year is the most expensive property on the market in a Fairfield County town, according to a new report from CNBC. Orchard's End, located in New Canaan, at 544 Oenoke Ridge is listed for sale at $14.9 million. The property's listing agent said she believes the sale of the property will beat the current record of the most expensive home sold in New Canaan, CNBC reported.  The record is currently held by a mansion sold for $14.3 million in 2014, the news outlet said. “It’s the crown jewel of New Canaan built with the highest quality mate…
These Are Four Types Of Rich People, Plus Their Top Habits, New Report Reveals These Are Four Types Of Rich People, Plus Their Top Habits, New Report Reveals
These Are Four Types Of Rich People, Plus Their Top Habits, New Report Reveals They say if you want to be rich, you’ve got to think like a rich person. Tom Corley, an accountant and financial planner, recently interviewed 225 millionaires as part of a five-year “Rich Habits” study and outlined his findings in a new report for CNBC. Corley said of all the people he interviewed, each one fell into one of four categories in how they approach money-making. Categories of Millionaires The first category is the Saver-Investors, people who make it a habit to save and invest their money. Corley said these people are constantly thinking about smart ways to grow their wealth.…
Here's Percentage Of Americans Living Paycheck To Paycheck, New Study Reveals Here's Percentage Of Americans Living Paycheck To Paycheck, New Study Reveals
Here's Percentage Of Americans Living Paycheck To Paycheck, New Study Reveals A new report has revealed the percentage of Americans who are living paycheck to paycheck. As of this past December, 61 percent of the population in the United States was living paycheck to paycheck, according to a collaborative report from PYMNTS and LendingClub. According to the February report, that's an increase of 7 percent compared to May. CNBC reported that rising wages have been unable to keep up with the increasing cost of living. The LendingClub report also found that 54 percent of Baby Boomers and seniors in the study reported that they were living paycheck to paycheck.
Proctor & Gamble Plans Price Hikes For These Products Proctor & Gamble Plans Price Hikes For These Products
Proctor & Gamble Plans Price Hikes For These Products Proctor & Gamble plans to raise prices on some of its products, according to a new report. CNBC reported last week that the company has announced plans to raise prices on fabric care products, such as Tide detergent, and certain personal health care products. The rise in prices of fabric care products is set to take effect on Monday, Feb. 28, and the rise in prices for personal health care products will take place in April, CNBC reported. The news outlet said P&G has already raised prices across 10 other product categories. CNBC said the decision was made as inflation rates increa…
COVID-19: Pfizer CEO Announces When Vaccine Targeting Omicron Variant Will Be Ready COVID-19: Pfizer CEO Announces When Vaccine Targeting Omicron Variant Will Be Ready
Covid-19: Pfizer CEO Announces When Vaccine Targeting Omicron Variant Will Be Ready A vaccine targeting the highly transmissible Omicron COVID-19 variant could be on the way from Pfizer. On Monday, Jan. 10, Pfizer CEO Albert Bourla said that booster targeting Omicron will be ready as soon as March, as the company has already begun ramping up production of the doses. “This vaccine will be ready in March,” Bourla told CNBC’s “Squawk Box.” “We (are) already starting manufacturing some of these quantities at risk.” Related story - COVID-19: Fauci Offers New Prediction On When Omicron Wave May Break The vaccine will not exclusively target Omicron, but will also be able to fig…
COVID-19: Fauci Predicts When Omicron Surge Will Peak In US COVID-19: Fauci Predicts When Omicron Surge Will Peak In US
Covid-19: Fauci Predicts When Omicron Surge Will Peak In US Dr. Anthony Fauci has shared his prediction for when the ongoing surge in COVID-19 cases fueled by the Omicron variant will reach its peak in the United States. The prediction comes as new COVID-19 cases soar across the country, reaching record levels in recent daily updates. “I would imagine, given the size of our country and the diversity of vaccination versus not vaccination, that it likely will be more than a couple of weeks, probably by the end of January, I would think,” Fauci said on CNBC’s “Closing Bell” when asked when the latest coronavirus surge will start to wane. Fauci no…
COVID-19: Google Workers Who Don't Comply With Vaccine Rules Will Be Fired, Report Says COVID-19: Google Workers Who Don't Comply With Vaccine Rules Will Be Fired, Report Says
Covid-19: Google Workers Who Don't Comply With Vaccine Rules Will Be Fired, Report Says Employees at Google have been informed that they will be fired eventually if they don't comply with the company's COVID-19 vaccine rules, according to a new report from CNBC. The news outlet reported that a memo by company leaders said Google employees need to show proof that they're vaccinated or apply for a religious or medical exemption by Tuesday, Jan. 18, or they will be put on paid administrative leave for 30 days, followed by unpaid personal leave which could ultimately lead to termination. CNBC said the Biden administration ordered companies with at least 100 employees to make sure …
COVID-19: Fourth Shot May Eventually Be Needed, Pfizer Says COVID-19: Fourth Shot May Eventually Be Needed, Pfizer Says
Covid-19: Fourth Shot May Eventually Be Needed, Pfizer Says The CEO of Pfizer said in an interview that he believes a fourth COVID-19 vaccine dose will eventually be needed.  Albert Bourla said on CNBC that real-world data will help determine how well three doses of the vaccine protect against the Omicron variant and how long protection lasts. "And the second point, I think we will need the fourth dose," Bourla told CNBC on Wednesday, Dec. 8. "I’ve said that multiple times. With the previous, I was projecting that that will be on 12 months after the third dose. With Omicron, we need to wait and see because we have very little informat…
AMC To Sell Popcorn Outside Of Movie Theaters AMC To Sell Popcorn Outside Of Movie Theaters
AMC To Sell Popcorn Outside Of Movie Theaters AMC Theatres is gearing up to begin selling its popcorn in stores across the United States next year, according to a new report. CNBC reported on Thursday, Nov. 4, that the movie theater chain will begin selling prepackaged microwaveable popcorn in supermarkets and convenience stores. AMC plans to open 15 popcorn retail stores before 2023, the news outlet reported. The stores will offer traditional popcorn, along with gourmet flavors and candy, CNBC reported. Read the full report from CNBC here.
American Airlines Passengers Fume Over 1,500 Canceled Halloween Weekend Flights American Airlines Passengers Fume Over 1,500 Canceled Halloween Weekend Flights
American Airlines Passengers Fume Over 1,500 Canceled Halloween Weekend Flights American Airlines passengers fumed after nearly 1,500 flights were canceled over Halloween weekend. Airline officials cited high winds and staffing conditions at the Dallas/Fort Worth International Airport, according to a staff note sent Saturday by COO David Seymour obtained by CNBC. Related story: Flight From NY Makes Emergency Landing After Passenger Assaults Flight Attendant Wow @AmericanAir, stranded overnight in ORD last min cancel but issue known well known in advance. 3.5hr 📞 now will be here for days!! Can’t even go back to NYC. Challenge accepted United/Delta! After 30yr …
COVID-19: College Enrollment Saw Biggest Two-Year Drop In Half A Century COVID-19: College Enrollment Saw Biggest Two-Year Drop In Half A Century
Covid-19: College Enrollment Saw Biggest Two-Year Drop In Half A Century Student enrollment in colleges across the United States continues to decline with no signs of recovery from the COVID-19 pandemic-related decline in 2020, according to a new report.  This year's fall undergraduate enrollment numbers were down 3.2 percent nationwide, National Clearinghouse Student Research Center said in a report on Tuesday, Oct. 26. The previous fall, enrollment fell by 3.4 percent, the research center said.  According to CNBC, this is the largest two-year enrollment drop the country has seen in 50 years.  While undergraduate enrollment fell across all sect…
Southwest Cancels 1,800-Plus Weekend Flights, Citing Air Traffic Control Issues, Weather Southwest Cancels 1,800-Plus Weekend Flights, Citing Air Traffic Control Issues, Weather
Southwest Cancels 1,800-Plus Weekend Flights, Citing Air Traffic Control Issues, Weather Southwest Airlines has canceled more than 1,800 of its flights this weekend, citing bad weather and air traffic control issues. According to a report from CNBC, the airline canceled 1,000-plus flights on Sunday, Oct. 10, after canceling 808 on Saturday, Oct. 9. "ATC issues and disruptive weather have resulted in a high volume of cancellations throughout the weekend while we work to recover our operation," the airline tweeted on Saturday. "We appreciate your patience as we accommodate affected Customers, and Customer Service wait times are longer than usual." ATC issues and disruptive w…
Here's Why Coffee Prices Are Surging To Multi-Year High Here's Why Coffee Prices Are Surging To Multi-Year High
Here's Why Coffee Prices Are Surging To Multi-Year High Coffee prices have reached a multi-year high due to a number of factors, including a crop-destroying frost in Brazil. Fortune reported in July that the coffees trees in Brazil were impacted by a drought and two frosts, leading to the high prices. The country is the world's largest coffee producer, accounting for 40 percent of the world's output of the product, the news site reported. Prices for high-end beans used by some coffee chains increased more than 30% during this period, Fortune reported. COVID-19 restrictions in Vietnam, the world's second-largest coffee exporter, have also cause…
COVID-19: True Delta Wave Has Not Yet Hit Northeast, Former FDA Commissioner Says COVID-19: True Delta Wave Has Not Yet Hit Northeast, Former FDA Commissioner Says
Covid-19: True Delta Wave Has Not Yet Hit Northeast, Former FDA Commissioner Says The "true delta wave" has not hit the Northeast yet, and it will arrive sometime after Labor Day weekend, former United States Food and Drug Administration Commissioner Dr. Scott Gottlieb said. Gottlieb said in an interview with CNBC on Friday, Sept. 3, that he thinks the jump in delta variant cases in the Northeast that has since decreased was a warning for another spike in cases that will hit the region. He predicted that gatherings during Labor Day weekend and children returning to school will lead to cases increasing once again. Gottlieb recommended that schools increase the frequency …
Chevy Will Spend $1B On Expanded Recall, Report Says Chevy Will Spend $1B On Expanded Recall, Report Says
Chevy Will Spend $1B On Expanded Recall, Report Says General Motors announced it is recalling more of its Chevrolet Bolt electric vehicles in an expansion that is expected to cost the company another $1 billion, according to a report from CNBC The company made the announcement on Friday, Aug. 20, saying it is expanding the recall to include 2017-2022 Chevrolet Bolt vehicles due to the risk that the high-voltage battery packs could catch fire. This means the recall now covers all Bolt vehicles, including vehicles that received a repair from an earlier recall. Related - GM Recalls Vehicle For Second Time Due To Battery Defect That C…
COVID-19: Concerns Over Delta Variant Grow As US Cases Double In Three Weeks COVID-19: Concerns Over Delta Variant Grow As US Cases Double In Three Weeks
Covid-19: Concerns Over Delta Variant Grow As US Cases Double In Three Weeks While much of the country is settling into the “new normal” following the rise and fall of the COVID-19 crisis, the Delta variant is proving to be the one variable Americans still have to contend with. Concerns are rising across the country about the variant after the US has seen a spike in daily COVID-19 cases from approximately 11,300 in late June to nearly 24,000 as of Monday, July 12, according to Johns Hopkins University. According to health officials, the reason for the rise in cases is largely due to the Delta variant, which now makes up the majority of new COVID-19 infections, large…
NY Native Replaces Jeff Bezos As Head Of Amazon NY Native Replaces Jeff Bezos As Head Of Amazon
NY Native Replaces Jeff Bezos As Head Of Amazon A native New Yorker from the region has replaced Jeff Bezos as the CEO of Amazon. Hudson Valley native Andy Jassy, who grew up in Westchester County, has worked at Amazon since 1997, and he previously served as the company's CEO of web services, according to Business Insider.  Earlier this year, Jeff Bezos announced he would be stepping down as CEO on Monday, July 5. Jassy grew up in Scarsdale and was a student at Scarsdale High School. The 53-year-old has been one of the highest-paid executives at Amazon, Business Insider reports. CNBC previously reported that Jassy native made more …
Bill Cosby Freed After PA Supreme Court Overturns Conviction Bill Cosby Freed After PA Supreme Court Overturns Conviction
Bill Cosby Freed After PA Supreme Court Overturns Conviction Bill Cosby has been released from a Philadelphia prison after the Pennsylvania state supreme court overturned his conviction on Wednesday, June 30. The 83-year-old has already served two years in prison rather than admitting guilt. The state supreme court found that an agreement with a former prosecutor prevented Cosby from being charged in the case, according to CNBC. Cosby was denied bail in May, as Daily Voice previously reported.
Actor Charles Grodin, Who Dies At 86, Was Longtime Fairfield County Resident Actor Charles Grodin, Who Dies At 86, Was Longtime Fairfield County Resident
Actor Charles Grodin, Who Dies At 86, Was Longtime Fairfield County Resident Actor Charles Gordon, a longtime Connecticut resident, died at the age of 86. Grodin, who lived in Fairfield County, in Wilton, died from bone marrow cancer on Tuesday, May 18, his family announced. Grodin had numerous stage credits before he was cast in “Catch-22” in 1970 by director Mike Nichols. He then went on to star in “Heartbreak Kid,” in “Heaven Can Wait” with Warren Beatty, and with Robert De Niro in “Midnight Run.” “Chuck was as good a person as he was an actor," De Niro said in a statement issued through his publicist. " 'Midnight Run' was a great project to work on, and Chuck …
COVID-19: This Vacation Destination Offering Vaccinations To Visitors In Push To Lure Tourists COVID-19: This Vacation Destination Offering Vaccinations To Visitors In Push To Lure Tourists
Covid-19: This Vacation Destination Offering Vaccinations To Visitors In Push To Lure Tourists If you are dreaming of the white sands of the Maldives Islands and don't have a COVID-19 vaccine, no problem. The island is offering travelers vaccinations on arrival. In an interview on CNBC on Wednesday, April 14, the country's Tourism Minister Abdulla Mausoom told the network that the offer is part of its "3V" initiative aimed at drawing tourists to the hard-hit island resort located southwest of Sri Lanka and India. The strategy, Mausoom said, is to "visit, vaccinate, and vacation." Currently, visitors to the islands must provide a negative polymerase chain reaction test and proof of h…
COVID-19: Pfizer CEO Reveals When Vaccine Booster Shot Likely Will Be Needed After Second Dose COVID-19: Pfizer CEO Reveals When Vaccine Booster Shot Likely Will Be Needed After Second Dose
Covid-19: Pfizer CEO Reveals When Vaccine Booster Shot Likely Will Be Needed After Second Dose Pfizer CEO Albert Bourla is cautioning that patients will likely need a third dose of the company’s COVID-19 vaccine within the next year to maintain the shot’s efficacy. During a recently aired interview, Bourla said that patients will “likely” need an additional dose of the vaccine within 12 months of becoming fully vaccinated with the two required doses. Bourla said that they are continuing to monitor the situation, and as more COVID-19 variants arise, the company may be forced to shift gears. “We need to see what would be the sequence, and for how often we need to do that, that remains…
Robots May Be Coming After White Collar Jobs Like 'Phil In Accounting,' New Report Says Robots May Be Coming After White Collar Jobs Like 'Phil In Accounting,' New Report Says
Robots May Be Coming After White Collar Jobs Like 'Phil In Accounting,' New Report Says In the past, when people thought about “computers taking jobs away from real people” most pictured manufacturing processes and call centers becoming robotized. While we have seen that, it’s not the only way robots are replacing people at work. Less visible are the robotics and artificial intelligence taking over white-collar jobs in fields like accounting and human resources, The New York Times just reported in an analysis of the workplace. In some studies, algorithms outperform lawyers and doctors. “The trend — quietly building for years, but accelerating to warp speed since the pan…
IRS Planning To Delay April 15 Tax Deadline, Reports Say IRS Planning To Delay April 15 Tax Deadline, Reports Say
IRS Planning To Delay April 15 Tax Deadline, Reports Say For the second straight year, the Internal Revenue Service is expected to extend the tax deadline by at least a month, according to multiple reports. Bloomberg, CNBC, the Wall Street Journal, and Washington Post all reported on Wednesday afternoon, March 17 that the IRS is expected to push the tax deadline until mid-May, not April 15, though no official statement has been made. Tax season was delayed from the get-go as the IRS began to accept and process tax returns on Feb. 12, which was a two-week delay. A filing extension would give taxpayers additional breathing room to meet their tax …