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CNBC

McDonald’s CEO Flags Consumer Strain, Brings Back Value Deals McDonald’s CEO Flags Consumer Strain, Brings Back Value Deals
McDonald’s CEO Flags Consumer Strain, Brings Back Value Deals America’s diners are splitting into haves and have-nots, and McDonald’s is feeling it, CEO Chris Kempczinski says. In an interview with CNBC’s Squawk Box earlier this month, Kempczinski described a “two-tier economy” in which higher-income consumers remain confident while lower- and middle-income Americans are under mounting pressure when they eat out.  He said recent sales analysis shows the divide growing, with value-focused guests pulling back or trading down. To meet the moment, McDonald’s is leaning harder into deals. The chain is rolling out an Extra Value lineup that inclu…
Court Upholds Trump's $83.3M Penalty For Defaming Carroll In Sexual Abuse Case Court Upholds Trump's $83.3M Penalty For Defaming Carroll In Sexual Abuse Case
Court Upholds Trump's $83.3M Penalty For Defaming Carroll In Sexual Abuse Case President Donald Trump lost his effort to throw out an $83.3 million penalty after he was found liable for defaming and sexually abusing author E. Jean Carroll in the mid-1990s. A federal appeals court upheld the jury award against Trump on Monday, Sept. 8. Carroll was awarded $88.3 million after Trump was found liable for the sexual abuse and defamation. The $83.3 million penalty comes from Carroll's defamation lawsuit against Trump. That award includes $65 million in punitive damages after jurors found Trump acted with malice in attacking Carroll on social media, at news confere…
Amazon Cracks Down On Prime Sharing Perks: Here's What's Changing Amazon Cracks Down On Prime Sharing Perks: Here's What's Changing
Amazon Cracks Down On Prime Sharing Perks: Here's What's Changing Amazon is eliminating a program that let Prime members share free shipping benefits with people outside their household. The Prime Invitee Program will end on Wednesday, Oct. 1, according to notices sent to users and updates posted on Amazon's customer service site. Invitees will lose access to shared delivery perks unless they're added to the new Amazon Family feature. Amazon Family allows members to share benefits with one other adult living in their home, up to four teens added before Monday, April 7, and up to four child profiles. Benefits include free delivery, Prime Video with ads, Pr…
McDonald's Extra Value Meals Return With Huge Deals: Here's What's On The Menu McDonald's Extra Value Meals Return With Huge Deals: Here's What's On The Menu
McDonald's Extra Value Meals Return With Huge Deals: Here's What's On The Menu McDonald's is doubling down on discounts by bringing back its Extra Value Meals. The fast-food chain announced the return in a news release on Tuesday, Sept. 2. The special deals will be available at restaurants nationwide starting on Monday, Sept. 8. McDonald's is leaning on promotions to win back budget-conscious customers. The combo meals, which were last promoted before the COVID-19 pandemic, save diners about 15% compared to buying items separately, the company said. Breakfast options include the Sausage McMuffin with Egg, Egg McMuffin, Bacon, Egg, and Cheese Biscuit, and th…
MSNBC Gets New Name, Drops Peacock Logo: Here's Why MSNBC Gets New Name, Drops Peacock Logo: Here's Why
MSNBC Gets New Name, Drops Peacock Logo: Here's Why MSNBC will undergo its biggest identity shift in decades, as the cable TV network splits from NBC News. The channel will be known as "MS Now" by the end of 2025, CNBC reported. MS Now's name will be an abbreviation for "My Source News Opinion World." MSNBC and CNBC are expected to be spun off into a new media company called Versant as Comcast sheds NBCUniversal's cable channels. The separation means MS Now and CNBC will be run as completely separate news operations from NBC News. Versant CEO Mark Lazarus told MSNBC staffers in January that the left-leaning network would keep its name.…
Costs Rise While Stubborn Inflation Persists, Trump Tariffs Loom Over Economy Costs Rise While Stubborn Inflation Persists, Trump Tariffs Loom Over Economy
Costs Rise While Stubborn Inflation Persists, Trump Tariffs Loom Over Economy Prices for a wide range of products increased in July, even as inflation held steady, with economists expecting President Donald Trump's tariffs to further raise costs for many Americans. The Consumer Price Index rose by 0.2% in July and reached a yearly rate of 2.7%, according to data released by the Bureau of Labor Statistics on Tuesday, Aug. 12. That was barely lower than the 2.8% annual inflation expected in the Dow Jones forecast, CNBC reported. Core inflation, which doesn't include the volatile food and energy categories, jumped by 0.3%, bringing the annual rate to 3.1%. That's the hi…
Claire's Files For Bankruptcy As Mall Traffic Declines, Debt Rises For Ear-Piercing Icon Claire's Files For Bankruptcy As Mall Traffic Declines, Debt Rises For Ear-Piercing Icon
Claire's Files For Bankruptcy As Mall Traffic Declines, Debt Rises For Ear-Piercing Icon Famous tween retailer Claire's is declaring bankruptcy as the popular mall chain struggles with debt, shrinking traffic, and trendy competition. Claire's is filing for bankruptcy in Delaware and Canadian courts, the company said in a news release on Wednesday, Aug. 6. The retailer known for children's jewelry and piercings is in a race to pay off a nearly $500 million loan by December 2026, Bloomberg reported. The move will allow Claire's to begin selling off assets while continuing talks with potential buyers, according to CEO Chris Cramer. "This decision is difficult, but …
Teen Accepted Into Harvard, Yale, Princeton: These 3 Things His Parents Did Made The Difference Teen Accepted Into Harvard, Yale, Princeton: These 3 Things His Parents Did Made The Difference
Teen Accepted Into Harvard, Yale, Princeton: These 3 Things His Parents Did Made The Difference A teenager from New Jersey is headed to Harvard this fall — and says the secret to his success had nothing to do with paid help or private tutors. Salman Chowdhury, of Paterson, was accepted into 10 of the top 25 universities in the U.S., including Harvard, Yale, Princeton, Columbia, and the University of Pennsylvania. He was also offered a full merit-based scholarship to Washington University in St. Louis as a Langsdorf Scholar. Chowdhury, who recently graduated as valedictorian from the STEM Academy at Passaic County Technical-Vocational Schools (PCTI) in Wayne, chose Harvard. He wi…
Southwest Airlines Ending Open Seating Policy: Here's When Southwest Airlines Ending Open Seating Policy: Here's When
Southwest Airlines Ending Open Seating Policy: Here's When Say goodbye to setting an alarm to get your best possible spot in a Southwest Airlines boarding line. Southwest's open seating will officially end on Tuesday, Jan. 27, 2026, the Dallas-based airline said in a news release on Monday, July 21. Customers can start picking their seats for those flights when booking online starting on Tuesday, July 29. The move marks a major shift for Southwest, which is known for its policy of A-B-C groups marked off by large stanchions near gates. "Our customers want more choice and greater control over their travel experience," said Tony Roach, executiv…
Trump Slaps 25% Tariffs On Japan, South Korea As Global Trade Deals Deadline Nears Trump Slaps 25% Tariffs On Japan, South Korea As Global Trade Deals Deadline Nears
Trump Slaps 25% Tariffs On Japan, South Korea As Global Trade Deals Deadline Nears President Donald Trump will impose 25% tariffs on imports from Japan and South Korea, just two days before a pause on his "liberation day" duties is set to expire. Trump released screenshots of letters announcing the new tariffs on his social media platform Truth Social on Monday, July 7. The letters were addressed to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung. Both letters say the US will begin charging the new tariff rate on Thursday, Aug. 1. "Please understand that these Tariffs are necessary to correct the many years of Japan's Tariff, and…
Private Sector Loses Jobs For First Time Since 2023 Amid Trump Tariffs, Inflation: ADP Private Sector Loses Jobs For First Time Since 2023 Amid Trump Tariffs, Inflation: ADP
Private Sector Loses Jobs For First Time Since 2023 Amid Trump Tariffs, Inflation: ADP Private employers lost more jobs than they added for the first time in more than two years, as new data shows Americans pulling back on spending under the weight of inflation and President Donald Trump's sweeping tariffs. Businesses lost 33,000 jobs in June, according to the ADP National Employment Report released on Wednesday, July 2. That was the first monthly drop since March 2023 and behind May's downwardly revised figure of 29,000. June's numbers came in far below Wall Street's expectations, with Dow Jones economists forecasting a gain of 100,000 jobs, CNBC reported. "Though…
Inflation Ticks Up, Spending Slips As Trump's Tariffs Tighten Grip On Economy Inflation Ticks Up, Spending Slips As Trump's Tariffs Tighten Grip On Economy
Inflation Ticks Up, Spending Slips As Trump's Tariffs Tighten Grip On Economy Consumer spending cooled in May as inflation crept higher, signaling new pressure on Americans' wallets amid President Donald Trump's sweeping tariffs. The Federal Reserve's primary inflation reading, the personal consumption expenditures price index, rose 0.1% in May to an annual rate of 2.3%, according to Bureau of Economic Analysis data released on Friday, June 27. Those increases matched ones forecasted by Dow Jones economists, CNBC reported. Core inflation, which excludes food and energy, rose by 0.2% in May to 2.7%, slightly ahead of the 0.1% and 2.6% forecasts. Th…
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New home sales plunged in May while housing supply surged to a three-year high, as rising prices, growing inventory, and the impact of President Donald Trump's tariffs deepened the US housing slowdown. Sales of new single-family homes fell to a seasonally adjusted annual rate of 623,000 in May, the US Census Bureau and Department of Housing and Urban Development said on Wednesday, June 25. That's down 13.7% from April and 6.3% from May 2024. The total also fell far below Wall Street's expectations. The Dow Jones had forecasted 695,000 sales for May, CNBC reported. The actual figur…
Retail Sales Fall Sharply As Trump Tariffs Hurt Consumer Spending In May Retail Sales Fall Sharply As Trump Tariffs Hurt Consumer Spending In May
Retail Sales Fall Sharply As Trump Tariffs Hurt Consumer Spending In May US retail sales fell more than expected in May as consumers pulled back on spending amid rising economic anxiety fueled by President Donald Trump's tariffs. Seasonally adjusted sales dropped 0.9% in May to $715.4 billion, the US Census Bureau said on Tuesday, June 17. That was even worse than the 0.6% decline forecasted by the Dow Jones consensus, CNBC reported. The tumble followed a downward revision for April, which is now listed as a 0.1% decrease. Compared to last May, sales were up 3.3%, but momentum appears to be slowing. The steepest decline came from a…
Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum' Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum'
Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum' Private hiring sharply declined to its slowest pace in more than two years as President Donald Trump's sweeping tariffs have shaken the economy throughout 2025. Businesses added just 37,000 jobs in May, according to the ADP National Employment Report released on Wednesday, June 4. That was the lowest level since March 2023, falling below April's downwardly revised figure of 60,000. The disappointing job total missed the Dow Jones forecast of 110,000, CNBC reported. "After a strong start to the year, hiring is losing momentum," ADP chief economist Dr. Nela Richardson said. "Pay growth, howe…
Trump's Tariffs Temporarily Reinstated After Appeals Court Blocks Two Rulings Trump's Tariffs Temporarily Reinstated After Appeals Court Blocks Two Rulings
Trump's Tariffs Temporarily Reinstated After Appeals Court Blocks Two Rulings The Trump administration can temporarily continue collecting tariffs after an appeals court lifted a lower court's block on the President's sweeping duties that have shaken global markets. The US Court of Appeals for the Federal Circuit paused the ruling by the US Court of International Trade on Thursday, May 29. The trade court had struck down most of President Donald Trump's global tariffs, saying he had improperly used the International Emergency Economic Powers Act to impose the duties. The dozen states and five small businesses who sued to block Trump's tariffs have unti…
'Trump Always Chickens Out': Hear His Response To Wall Street's 'TACO' Trade Strategy 'Trump Always Chickens Out': Hear His Response To Wall Street's 'TACO' Trade Strategy
'Trump Always Chickens Out': Hear His Response To Wall Street's 'Taco' Trade Strategy Economists say Wall Street just experienced a "TACO" Tuesday, but it had nothing to do with tortillas or salsa. Traders and other stock market watchers have been discussing what's called the "TACO" trade strategy. TACO is an acronym that stands for "Trump Always Chickens Out," a reference to President Donald Trump's constantly changing tariff threats and retreats. Financial Times columnist Robert Armstrong has been widely credited with creating the TACO nickname earlier in May. "The recent rally has a lot to do with markets realising that the US administration does not have a very hig…
Salesforce Buying Informatica For $8B To Compete In Growing AI Race Salesforce Buying Informatica For $8B To Compete In Growing AI Race
Salesforce Buying Informatica For $8B To Compete In Growing AI Race Salesforce has agreed to buy data management company Informatica for $8 billion, as the software giant aims to increase its presence in the artificial intelligence industry. The tech companies announced the deal in a joint news release on Tuesday, May 27. Informatica shareholders will receive $25 in cash for each share. The agreement will combine Salesforce and Informatica's platforms to create more reliable AI agents powered by clearer, safer, and better-managed data. "This combination brings together Salesforce's Einstein and Informatica's CLAIRE AI engines to forge the ultimate AI-…
HBO Max Returns: Here's Why Max Is Reviving Its Old Name HBO Max Returns: Here's Why Max Is Reviving Its Old Name
HBO Max Returns: Here's Why Max Is Reviving Its Old Name The digital home of hit shows like "White Lotus," "The Pitt," and "The Rehearsal" is going back to its old name. The streaming platform Max will be called "HBO Max" once again, Warner Bros. Discovery announced on Wednesday, May 14. The change is expected to happen in the summer, although an exact date remains unclear. The return to the HBO Max branding comes as the app tries to focus on high-quality programming, separating it from competitors with larger libraries. "The powerful growth we have seen in our global streaming service is built around the quality of our programming," s…
Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook
Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook Inflation was relatively flat as President Donald Trump's sweeping tariffs went into effect in April, with lower grocery prices helping keep overall costs in check. Monthly inflation increased just 0.2% from March, the Bureau of Labor Statistics said on Tuesday, May 13. Consumer prices rose 2.3% from April 2024, the smallest yearly inflation since February 2021. The annual inflation number was slightly below the 2.4% Dow Jones forecast, CNBC reported. Wall Street didn't react much to the consumer price index (CPI) data, with stocks and Treasury yields staying relatively unchanged when …
US, China Cut Tariffs In 'Substantial De-Escalation' Of Trump's Trade War US, China Cut Tariffs In 'Substantial De-Escalation' Of Trump's Trade War
US, China Cut Tariffs In 'Substantial De-Escalation' Of Trump's Trade War The US and China are stepping back from extremely high retaliatory tariffs placed on each other, lowering the duty rates to ease tensions and negotiate a potential trade deal. The White House announced the tariff-lowering agreement on Monday, May 12. Both countries will reduce their tariffs to a baseline 10% rate, with the US continuing to impose its 20% tariff on China related to fentanyl. The drastic reduction comes after President Donald Trump dramatically raised tariffs on Chinese imports to a combined 145%, causing Beijing to retaliate with a 125% tariff on US goods. The agreement also…
Trump Lies About $1.98 Gas: See Where That Number Likely Came From Trump Lies About $1.98 Gas: See Where That Number Likely Came From
Trump Lies About $1.98 Gas: See Where That Number Likely Came From President Donald Trump says gas is down to $1.98 a gallon, but that number doesn't exist at any pump in the country. In early May, Trump has repeatedly claimed gas has fallen below $2 a gallon. He made the claim in the White House, social media posts, and during an interview with NBC's Meet the Press on Sunday, May 4. Trump also said gas was $1.98 a gallon when speaking with ABC News on Tuesday, April 29, at the end of his first 100 days back in the Oval Office. "So now, if you look at what's happened, energy is down," Trump said. "Gasoline hit $1.98 in a few states during the last co…
American Airlines Adds Luxury Suites With Privacy Doors On Some Flights: Look Inside American Airlines Adds Luxury Suites With Privacy Doors On Some Flights: Look Inside
American Airlines Adds Luxury Suites With Privacy Doors On Some Flights: Look Inside Flyers from Philadelphia can soon travel in luxury with new suites on American Airlines flights. American unveiled its Flagship Suite service on Friday, May 2. The premium seating will have privacy doors, lie-flat seats, and other upgraded amenities. Flagship Suite service at Philadelphia International Airport will begin Wednesday, Aug. 6, on flights to London Heathrow Airport. The high-end seats will also be on flights to Zurich, Switzerland, on Wednesday, Sept. 3. American's new cabins are part of the airline's redesigned Boeing 787-9 Dreamliner, which features 51 lie-flat suites at the …
Job Growth Beats Forecasts Despite Stalling Labor Market, Shrinking GDP Under Trump Job Growth Beats Forecasts Despite Stalling Labor Market, Shrinking GDP Under Trump
Job Growth Beats Forecasts Despite Stalling Labor Market, Shrinking GDP Under Trump Job growth moderately beat expectations in April, but was slightly down from the month before, as recession worries loom due to President Donald Trump's trade agenda. The US economy added 177,000 jobs in April, according to Bureau of Labor Statistics data released on Friday, May 2. The national unemployment rate held steady at 4.2%, despite initial unemployment claims jumping to 241,000 for the week ending Monday, April 26. The job gains were higher than the 133,000 forecasted by the Dow Jones, CNBC reported. April's numbers declined from March's total of 185,000, which …
US Economy Shrinks, Private Jobs Report Disappoints As Trump's Tariffs Spark Financial Slump US Economy Shrinks, Private Jobs Report Disappoints As Trump's Tariffs Spark Financial Slump
US Economy Shrinks, Private Jobs Report Disappoints As Trump's Tariffs Spark Financial Slump The US economy shrank during President Donald Trump's first three months back in office, breaking a three-year growth streak as imports surged ahead of his trade wars. Real gross domestic product fell at an annual rate of 0.3% in the first quarter of 2025, according to Bureau of Labor Statistics data released on Wednesday, April 30. It marked the first quarter of negative growth since early 2022. The economic contraction is a dramatic drop from the 2.4% GDP growth the US experienced in the fourth quarter of 2024. The shrinking was largely due to a 41.3% spike in imports …
Inflation Cooled In March Before Trump's Tariffs Fueled Market Collapse, New Data Says Inflation Cooled In March Before Trump's Tariffs Fueled Market Collapse, New Data Says
Inflation Cooled In March Before Trump's Tariffs Fueled Market Collapse, New Data Says Inflation slightly eased in March, just before President Donald Trump's sweeping tariff announcement sent Wall Street spiraling, wiping out trillions in market value before a temporary tariff pause. The consumer price index (CPI) fell 0.1% in March, the first decline since October, the Bureau of Labor Statistics said on Thursday, April 10. Prices climbed 2.4% from March 2024, the slowest annual increase since early 2021. Wall Street was bracing for a hotter inflation report. The Dow Jones consensus estimated headline inflation to be 2.6% and core inflation to be 3%, CNBC reported. Gas…
Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor
Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor Chaos has shaken Wall Street for a third day as the White House denied rumors of a pause on President Donald Trump's sweeping new tariffs that sparked the worst sell-off since the start of the COVID-19 pandemic. The Dow Jones Industrial Average opened down roughly 1,250 points on Monday, April 7. The massive drop continued the market freefall that happened in the aftermath of Trump's "liberation day" announcement. Soon after trading opened, the Dow surged back into the green by around 10:15 a.m. The bounce back appeared to be in response to social media posts claiming Trump was conside…
Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout
Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout It was a brutal week for investors, who lost nearly $7 trillion after President Donald Trump announced sweeping tariffs on nearly every country, and CNBC's Jim Cramer warned that the pain may not be over. The "Mad Money" host said he fears stock prices may continue to fall on Monday, April 7, adding that investors could be facing a repeat of one of the market’s worst days. Related: Mexico And Canada Promise More Tariffs Coming For US If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario ... the one where we went …
Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March
Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March Unemployment inched up in March – slightly higher than economists expected – as stock markets crashed and Big Tech companies saw their worst single-day loss on record in response to President Donald Trump's aggressive new tariffs. March's unemployment rate was 4.2%, the Bureau of Labor Statistics said on Friday, April 4. That was slightly higher than the 4.1% forecast as the labor force participation rate also rose, CNBC reported. The US added 228,000 nonfarm payrolls in March, significantly higher than the Dow Jones estimate of around 140,000. The BLS also reduced …
23andMe Files For Bankruptcy, CT's AG Urges Customers To Delete Their Genetic Data 23andMe Files For Bankruptcy, CT's AG Urges Customers To Delete Their Genetic Data
23andMe Files For Bankruptcy, CT's AG Urges Customers To Delete Their Genetic Data Embattled genetic testing company 23andMe has filed for Chapter 11 bankruptcy, the latest blow after a massive data breach exposed the personal information of millions of customers. 23andMe CEO and co-founder Anne Wojcicki resigned on Sunday, Mar. 23, so she could bid for the company independently. Joseph Selsavage, the company’s chief financial and accounting officer, is now serving as interim CEO, according to a filing with the U.S. Securities and Exchange Commission. Wojcicki confirmed the move in a social media post on Monday, Mar. 24. "While I am disappointed that we have come to…
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts. The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported. Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…