What strong Black Friday retail sales mean for holiday spending
Shoppers walk around Twelve Oaks Mall on November 24, 2023 in Novi, Michigan. Emily Elconin | Getty Images Retailers are cheering after shoppers spent big on gifts and decor in the days after they gobbled up turkey and stuffing. But the strong showing does not necessarily mean those companies will have blowout success in their […]
I’m 60 with $6,100-a-month income from Social Security disability and a pension. I want my money to work for 20 years — what do you recommend?
I am a 60 year-old single woman who lives with a partner, who is a disabled. We are not married mostly due to financial reasons. I have just started receiving Social Security disability benefits after being forced to retire in 2021. I have a pension of $3,200 per month and a Social Security payment of […]
Sound of Freedom producer Angel Studios releases The Shift
Neal McDonough stars as a mysterious man known as “the benefactor” in Angel Studio’s “The Shift.” Angel Studios “Sound of Freedom” broke the Hollywood mold this summer. Now, the studio behind the surprising smash is looking to follow-up that success with a science fiction thriller based on the Bible’s Book of Job. Angel Studios is […]
Nashville real estate boom sends prices up, builders scrambling
Detached houses on a large housing development on the western side of Nashville, Tennessee. Georgeclerk | Istock | Getty Images This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and workers. Nashville natives […]
My father has dementia and ‘forgave’ my brother’s $200,000 house loan. The nursing-home notary said he was of sound mind. What can we do?
My father lent my brother the funds to purchase a house in 2006. The loan was formal and registered in the county. The interest was 4%, and it was a 30-year loan for $300,000. It was bought as an investment property for my brother. It is in a very rural area. My parents made many […]
Retailers, Covid-era nostalgia revive the vinyl records industry
A stack of freshly pressed gold vinyl records at United Record Pressing. CNBC This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and workers. Once considered a dying industry, the vinyl record business […]
This is the state where borrowers have the highest average student debt
The nation’s $1.7 trillion in student debt is not spread equally. That’s one takeaway from an analysis of government data released earlier this month zeroing in on the average student debt in each state. Maryland tops the list with $43,116 of student debt per borrower, according to the analysis published by Degree Choices, a company […]
Mars accused of using child labor in cocoa supply chain
Detail of a recently opened cocoa pod in Asikasu on Dec. 19, 2020. Cristina Aldehuela | Afp | Getty Images Candy giant Mars said it aims to end the use of child labor in its supply chain after CBS News reported that children in Ghana are harvesting the cocoa that finds its way into the […]
How much money do you need to feel wealthy?
Some say wealth is a frame of mind. But for financial advisers it’s a measuring stick. The financial services industry clumps households into various categories to segment their relative wealth. For example, the “mass affluent” are loosely defined as having between $100,000 and $1 million in investable assets. The definition of high-net-worth varies widely. Some […]
Disney CEO Bob Iger says movies have been too focused on messaging
New York Times columnist Andrew Ross Sorkin, left, and Bob Iger, CEO of The Walt Disney Company, speak during the Times’ annual DealBook Summit in New York City, Nov. 29, 2023. Michael M. Santiago | Getty Images Disney Chief Executive Officer Bob Iger said Wednesday he will no longer tolerate his company’s partners and creative […]
