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 […]
Pfizer weight loss pill joins list of obesity drug flops
Sopa Images | Lightrocket | Getty Images Pfizer’s twice-daily version of its experimental weight loss pill has now joined a long list of other scrapped drugs that aimed to treat obesity but came with unintended consequences. The drugmaker on Friday said it will stop developing the twice-daily treatment, danuglipron, after obese patients taking the drug […]
Here’s why Nvidia is a compelling stock when compared with the rest of the ‘Magnificent Seven’
Nvidia Corp. has dominated financial-news coverage for tech-oriented companies this year, and it is reasonable to question how long a company can continue a winning streak like the one it has been on. Then again, a compelling case can be made for this stock right now, even though it has soared. In an article last […]
Southwest, pilots union near a preliminary labor deal
A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, May 7, 2023. Nicolas Economou | Nurphoto | Getty Images Southwest Airlines and its pilots union are closing in on a new contract that would raise pay for the carrier’s more than 11,000 aviators and end months of contentious […]
