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CNBC

Why Oil Giants Shell And BP Are Investing In U.S. Farmland

November 21, 2023

Through partnerships with solar energy developers, oil giants BP and Shell are investing in an emerging industry called agrivoltaics, which combines solar energy generation with agricultural activities such as sheep grazing, beekeeping and crop production. This multi-use land management strategy could help alleviate the tension between farmers and solar developers, two groups that often find themselves at odds when it comes to matters of land use.

Make It: How I Transformed Canada Goose Into A Billion-Dollar Brand

November 10, 2023

When Dani Reiss took the reins as CEO of Canada Goose at age 27, he was running a company that brought in $2.2 million a year in revenue. Today, the luxury brand is worth $1.1 billion. Canada Goose parkas, with their iconic shoulder patches, cost over $1,000 and the company sells over one million jackets a year.

Make It: We Left San Francisco Jobs And Turned An Abandoned Inn Into A Desert Oasis

November 10, 2023

Sara Combs, 36, and Rich Combs, 37, quit full-time jobs as web designers to start The Joshua Tree House, a hospitality company, in 2015. Three years later, they purchased an abandoned inn in Tucson, AZ for $615,000. The couple took out a hard money loan and renovated the entire property into a luxurious desert getaway. Today, the six-suite inn is available to rent year-round and offers views of Saguaro National Park. The couple also owns three other commercial properties located in Joshua Tree, CA.

Make It: How I Work 5 Hours A Week & Make $1.6 Million A Year

November 9, 2023

Graham Cochrane, 39, lives in Tampa, Florida and works as a business coach who runs an online business. He teaches people how to make money off of their passions, turn their knowledge into income and sells online courses. He grew his business from earning $7,000 to $1 million in 8 years. Here’s how he works 5 hours a week and makes $1.6 million a year.

Make It: How I Built Mike’s Hot Honey Into A $40 Million-A-Year Business

November 6, 2023

After years of creating and perfecting his hot honey recipe at home, Mike Kurtz brought in a bottle to show his boss, Paulie Gee, while serving as his pizza apprentice. Paulie loved it, and the unique topping quickly became a hit. From there, demand grew and what had started as a hobby for Mike, suddenly picked up steam and is now a full-blown company bringing in $40 million a year.

CNBC: Jim Cramer looks ahead to what next week will bring

November 6, 2023

‘Mad Money’ host Jim Cramer reflects on a stellar week for the stock market and looks ahead to next week.

CNBC: Will China’s Real Estate Crisis Hit The Global Economy?

November 1, 2023

China’s real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called ‘ghost cities‘ dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China’s real estate crisis as a big reason why.

cnbc Final Trades november 1 Microsoft, Canadian Natural Resources & more

Final Trades: Microsoft, Canadian Natural Resources & more

November 1, 2023

The “Halftime Report” traders give their top picks to watch for the second half.

CNBC: How Micron’s Building Biggest U.S. Chip Fab, Despite China Ban

October 31, 2023

Micron, Samsung and SK Hynix are responsible for making 90% of the world’s DRAM memory chips, and Micron is the only one based in the U.S. That’s made it the latest target of bans from China. Yet Micron is spending $115 billion to build the biggest chip project in U.S. history. CNBC visited Micron in Idaho and talked to Gov. Kathy Hochul in New York to hear about the new fabs. We also asked Senate Majority Leader Chuck Schumer about Micron ahead of his meeting with Chinese President Xi Jinping.

CNBC: How The ‘Pie Crust Cookie‘ Creator Brings In $1 Million A Year In NYC

October 30, 2023

Janie Deegan, 35, was homeless and battling addiction a decade ago. Now, she’s 10 years sober and the owner of Janie’s Life-Changing Baked Goods, a bakery that brought in over $1 million in 2022. The bakery is famous for its pie crust cookies, which ships across the U.S. and are available at retail locations in New York City.

CNBC: How Homeowners Associations Took Over American Neighborhoods

October 30, 2023

More than 80% of newly-built single-family homes sold in 2022 belonged to an HOA, according to the U.S. Census Bureau. HOAs tout themselves as a value-add to homeowners, specifically when it comes to maintaining high property value, but not everyone is pleased with HOAs. Fifty-seven percent of homeowners surveyed said they disliked living in an HOA with more than 3 in 10 homeowners saying they feel like the HOA has too much power.

CNBC: Why Americans Fell Out Of Love With Canned Tuna

October 30, 2023

While traditionally, canned tuna was known to be a staple in American homes, consumption rates have fallen dramatically in the past couple of decades. Since 2000, per capita tuna consumption dropped 45.7%. That’s largely due to shifts in consumer preferences, but also a larger awareness around the industry’s steep market consolidation, issues around sustainability and transparency, and a major price-fixing scandal that lasted for years. In 2015 and 2019, Bumble Bee and StarKist were fined $25 million and $100 million respectively by the Department of Justice. Still, in 2020, the U.S. imported about 637.9 million pounds of tuna, 71% of that canned, the most of any country in the world. The industry is dominated by a few multinational conglomerates, the largest being Thai Union Group, also the owner of Chicken of the Sea. In 2020, the industry saw a significant rise in canned tuna demand, fueled by the Covid-19 pandemic as Americans turned to this affordable, protein-rich food. However, that rise has since gone back down.

CNBC: Why It’s Becoming Harder To Get Into Airport Lounges

October 26, 2023

Over the past couple of years, airlines and credit card companies like American, United, Chase and Capital One are investing millions into expanding their airport lounge networks for customers. According to Chase, lounge access is often the top cited reason for its credit card signups, and by the end of 2023, Delta said it would add 2,700 seats to its lounges. However, lounges have become so popular that some face overcrowding, and companies like Delta are making it harder to get airline status.

Final Trades: Alphabet, Visa, Cummins & more

October 25, 2023

The “Halftime Report” traders give their top picks to watch for the second half.

CNBC: Retail sales came in stronger due to climbing wages, says The Conference Board’s Steve Odland

October 17, 2023

Steve Odland, president and CEO of The Conference Board, and CNBC’s Steve Liesman join ‘The Exchange’ to discuss retail sales coming in higher than expected, disparity between consumer sentiment and consumer data, and strong consumer data increasing the probability for a Fed hike in January.

CNBC: I Left Apple And Now I Bring In $9 Million Selling BBQ In Mexico

October 9, 2023

Dan Defossey, originally from Long Island, New York, moved to Mexico over a decade ago as an employee for Apple. It wasn’t long before he pivoted and co-founded Pinche Gringo BBQ, where customers are served a uniquely American food in the heart of Mexico City. Today, he is the CEO of a group of barbecue restaurants that brought in over $9 million in 2022.