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  • CNBC
    2023-09-15 14:53:01 - Translate -
    Why The U.S. Won’t Pay Down Its Debt

    The U.S. national debt is nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference.

    The national debt is frequently discussed as a danger to future generations, but some economists say there’s no reason to get the national debt down to zero. One reason for that is without the debt, there would be no federal government securities, such as Treasury bonds, which provide investors a safe place to park their money while accruing interest.

    Most economist warn, however, that there’s a balancing act when it comes to the national debt. Watch the video above to learn more about why the U.S. can’t get a handle on the national debt and whether it even has to.

    Correction on Sept. 12, 2023 at timecode 0:11: The voice over has been updated to reflect the national debt grew $300 billion between July and September 2023.

    #cnbc #breakingnews #news #usadebt #paydown #nationaldebt #market #goverment #
    Why The U.S. Won’t Pay Down Its Debt The U.S. national debt is nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference. The national debt is frequently discussed as a danger to future generations, but some economists say there’s no reason to get the national debt down to zero. One reason for that is without the debt, there would be no federal government securities, such as Treasury bonds, which provide investors a safe place to park their money while accruing interest. Most economist warn, however, that there’s a balancing act when it comes to the national debt. Watch the video above to learn more about why the U.S. can’t get a handle on the national debt and whether it even has to. Correction on Sept. 12, 2023 at timecode 0:11: The voice over has been updated to reflect the national debt grew $300 billion between July and September 2023. #cnbc #breakingnews #news #usadebt #paydown #nationaldebt #market #goverment #
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  • CNBC
    2023-08-13 14:21:23 - Translate -
    How Amazon Is Making Custom Chips To Catch Up In Generative A.I. Race

    Despite its firm footing as the world’s biggest cloud provider, Amazon Web Services got a slow start to the generative AI race. AWS released its large language model, Titan, months after Microsoft’s reported $13 billion investment in ChatGPT-maker OpenAI and Google’s release of Bard. But AWS is also designing its own custom AI microchips, shown to CNBC in an exclusive tour of its Austin chip lab. Now analysts say AWS may gain a long term advantage in AI by offering an alternative to Nvidia GPUs.

    #cnbc #news #amazon #customchips #airace #chatgpt #ai #gpus #aws #openai #amazonwebservices
    How Amazon Is Making Custom Chips To Catch Up In Generative A.I. Race Despite its firm footing as the world’s biggest cloud provider, Amazon Web Services got a slow start to the generative AI race. AWS released its large language model, Titan, months after Microsoft’s reported $13 billion investment in ChatGPT-maker OpenAI and Google’s release of Bard. But AWS is also designing its own custom AI microchips, shown to CNBC in an exclusive tour of its Austin chip lab. Now analysts say AWS may gain a long term advantage in AI by offering an alternative to Nvidia GPUs. #cnbc #news #amazon #customchips #airace #chatgpt #ai #gpus #aws #openai #amazonwebservices
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  • CNBC
    2023-07-27 14:27:01 - Translate -
    The End Of Free Money At The Federal Reserve

    The U.S. is entering a new economic era. It began with an interest rate tightening cycle coming out of the Federal Reserve, with decisions that have reshaped personal finance in America. Some savings accounts can now return meaningful interest for the first time in years. It has also led to a Wall Street reshuffling, and a wave of corporate bankruptcies as some bad bets turn sour. With these free money years coming to a close, we examine how the Fed's decision-making has affected the economy.

    #cnbc #federalreserve #freemoney #news #breakingnews #money #wallstreet #businessnews #financialmarket #fed
    The End Of Free Money At The Federal Reserve The U.S. is entering a new economic era. It began with an interest rate tightening cycle coming out of the Federal Reserve, with decisions that have reshaped personal finance in America. Some savings accounts can now return meaningful interest for the first time in years. It has also led to a Wall Street reshuffling, and a wave of corporate bankruptcies as some bad bets turn sour. With these free money years coming to a close, we examine how the Fed's decision-making has affected the economy. #cnbc #federalreserve #freemoney #news #breakingnews #money #wallstreet #businessnews #financialmarket #fed
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  • CNBC
    2023-07-19 15:46:01 - Translate -
    Why The U.S. Can’t Solve Hunger

    33.8 million Americans didn’t have adequate access to food, according to the latest report from the USDA. That’s despite the fact that U.S. is one of the wealthiest nations in the world based on almost every metric. In response, spending on food assistance programs like SNAP has grown exponentially, reaching a record of $182.5 billion in 2021. But food insecurity has remained relatively the same as it was in 2001. So why are so many Americans still hungry and what can be done to solve it?


    #CNBC #news #breakingnews #solvehunger #snap #usa #snap #usda #food #hunger #foodassistance #programs #foodinsecurity #wealthiestnation #access #feeding
    Why The U.S. Can’t Solve Hunger 33.8 million Americans didn’t have adequate access to food, according to the latest report from the USDA. That’s despite the fact that U.S. is one of the wealthiest nations in the world based on almost every metric. In response, spending on food assistance programs like SNAP has grown exponentially, reaching a record of $182.5 billion in 2021. But food insecurity has remained relatively the same as it was in 2001. So why are so many Americans still hungry and what can be done to solve it? #CNBC #news #breakingnews #solvehunger #snap #usa #snap #usda #food #hunger #foodassistance #programs #foodinsecurity #wealthiestnation #access #feeding
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  • CNBC
    2023-07-18 15:05:33 - Translate -
    How Empty Offices Become Apartments In The U.S.

    Some U.S. mayors are loosening up rules that determine how developers convert office buildings into apartment complexes. The conversion trend sped up in the 2020s, as the pandemic remote work boom reshaped cities. Declines in office activity are straining tax revenues for city services like education and transit, leading some local leaders to prioritize increased conversion of dated buildings. These rule changes may create some additional housing supply in regions like the U.S. east coast.

    #CNBC #news #breakingnews #offices #apartments #emptyoffices #realestate #remotework #cities #office #developers #buildings #usa #mayors #city #gentrification
    How Empty Offices Become Apartments In The U.S. Some U.S. mayors are loosening up rules that determine how developers convert office buildings into apartment complexes. The conversion trend sped up in the 2020s, as the pandemic remote work boom reshaped cities. Declines in office activity are straining tax revenues for city services like education and transit, leading some local leaders to prioritize increased conversion of dated buildings. These rule changes may create some additional housing supply in regions like the U.S. east coast. #CNBC #news #breakingnews #offices #apartments #emptyoffices #realestate #remotework #cities #office #developers #buildings #usa #mayors #city #gentrification
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  • CNBC Make It
    2023-07-07 13:41:19 - Translate -
    We Quit Our Jobs To Buy A Campground — Now It Brings In $1.2 Million

    Mark Lemoine, 53, took a leap of faith in 2016 when he resigned from his government job to pursue his lifelong dream of owning a campground. Alongside his wife, Karla, also 53, they acquired the Coloma/St. Joseph KOA Campground located in southwest Michigan for $1.6 million. Since then, through numerous renovations, new additions, and dedicated care, their campground's value has skyrocketed to an impressive $6 million.

    #cnbc #makeit #stories #campground #entrepreneurs #leapoffaith #smarter #success #6million #dream #news
    We Quit Our Jobs To Buy A Campground — Now It Brings In $1.2 Million Mark Lemoine, 53, took a leap of faith in 2016 when he resigned from his government job to pursue his lifelong dream of owning a campground. Alongside his wife, Karla, also 53, they acquired the Coloma/St. Joseph KOA Campground located in southwest Michigan for $1.6 million. Since then, through numerous renovations, new additions, and dedicated care, their campground's value has skyrocketed to an impressive $6 million. #cnbc #makeit #stories #campground #entrepreneurs #leapoffaith #smarter #success #6million #dream #news
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  • CNBC
    2023-06-30 14:41:22 - Translate -
    Why #Marlboro Maker Altria Is Betting On Smoke-Free Products

    Cigarettes were once prominently displayed in #Hollywood films and in glossy magazines. But decades of evidence that smoking kills has caused consumption to plummet. The tobacco industry sold less than 11 billion packs of cigarettes in the U.S. in 2020 down from more than 21 billion packs two decades earlier, according to the Centers for Disease Control and Prevention.

    The number of smokers has dwindled as well. Almost 57% of American men smoked cigarettes in 1955, the #CDC says. Today just 11.5% of U.S. adults, or about 28 million Americans, are smokers.

    That has caused an existential crisis for tobacco companies. Altria, the parent company of Philip Morris #USA and the nation's largest #tobacco company reported an almost 10% drop in cigarette sales in 2022 from the year prior. The maker of Marlboro’s says it wants to help #smokers transition away from cigarettes to what it calls “reduced harm alternatives” like e-cigarettes and heat-not-burn products. But Altria’s “Moving Beyond Smoking” campaign has raised eyebrows among its critics who claim the company is still hooked on cigarettes.

    In 2022 cigarettes and cigars made up about 89% of the company's sales. Cigarette smoking is the leading cause of preventable death in the U.S. accounting for more than 480,000 deaths annually.

    So are e-cigarettes and heat-not-burn products really less harmful than traditional cigarettes and what impact will those devices have on kids? Watch the video to learn more.

    #cnbc #news #breakingnews #cigarettes #harmful #smokers #smoking
    Why #Marlboro Maker Altria Is Betting On Smoke-Free Products Cigarettes were once prominently displayed in #Hollywood films and in glossy magazines. But decades of evidence that smoking kills has caused consumption to plummet. The tobacco industry sold less than 11 billion packs of cigarettes in the U.S. in 2020 down from more than 21 billion packs two decades earlier, according to the Centers for Disease Control and Prevention. The number of smokers has dwindled as well. Almost 57% of American men smoked cigarettes in 1955, the #CDC says. Today just 11.5% of U.S. adults, or about 28 million Americans, are smokers. That has caused an existential crisis for tobacco companies. Altria, the parent company of Philip Morris #USA and the nation's largest #tobacco company reported an almost 10% drop in cigarette sales in 2022 from the year prior. The maker of Marlboro’s says it wants to help #smokers transition away from cigarettes to what it calls “reduced harm alternatives” like e-cigarettes and heat-not-burn products. But Altria’s “Moving Beyond Smoking” campaign has raised eyebrows among its critics who claim the company is still hooked on cigarettes. In 2022 cigarettes and cigars made up about 89% of the company's sales. Cigarette smoking is the leading cause of preventable death in the U.S. accounting for more than 480,000 deaths annually. So are e-cigarettes and heat-not-burn products really less harmful than traditional cigarettes and what impact will those devices have on kids? Watch the video to learn more. #cnbc #news #breakingnews #cigarettes #harmful #smokers #smoking
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  • CNBC Make It
    2023-06-29 17:15:44 - Translate -
    Living On Under $30K A Year In 3 U.S. Cities | Millennial Money Marathon

    #CNBCMakeIt #MillennialMoney #CNBC
    Make It Marathon journeys to Washington, California, and New York to connect with three individuals earning less than $30,000.

    Chi Baik, 26, lives in Seattle, Washington and earns $27,000 a year as a Ph.D. student. Baik used to work as a teacher outside Washington D.C., but then moved to Seattle to get her Ph.D. in special education at the University of Washington. Despite earning less #money and having higher living #expenses, she is grateful for the money she is making and still finds ways to treat herself.

    Tiara Simmons, 39, is a lawyer in Long Beach, California and earns roughly $26,000 a year between her job as a law clerk and her social #media #marketing side hustle. She lives in a one-bedroom apartment with her husband, 3-year-old and chihuahua. Simmons is a below-the-knee amputee and has been disabled for nearly her entire life, and she wants people to know that those with disabilities are "disabled, not lazy."

    Hector Carvajal, 26, owns Don Carvajal Cafe, a Dominican-inspired coffee roasting company based in the Bronx, New York. In 2022, his business brought in roughly $190,000 in sales and from that, he lives off a $25,000 salary.

    #cnbc #makeit #seattle #washington #doncarvajal #news #videos #
    Living On Under $30K A Year In 3 U.S. Cities | Millennial Money Marathon #CNBCMakeIt #MillennialMoney #CNBC Make It Marathon journeys to Washington, California, and New York to connect with three individuals earning less than $30,000. Chi Baik, 26, lives in Seattle, Washington and earns $27,000 a year as a Ph.D. student. Baik used to work as a teacher outside Washington D.C., but then moved to Seattle to get her Ph.D. in special education at the University of Washington. Despite earning less #money and having higher living #expenses, she is grateful for the money she is making and still finds ways to treat herself. Tiara Simmons, 39, is a lawyer in Long Beach, California and earns roughly $26,000 a year between her job as a law clerk and her social #media #marketing side hustle. She lives in a one-bedroom apartment with her husband, 3-year-old and chihuahua. Simmons is a below-the-knee amputee and has been disabled for nearly her entire life, and she wants people to know that those with disabilities are "disabled, not lazy." Hector Carvajal, 26, owns Don Carvajal Cafe, a Dominican-inspired coffee roasting company based in the Bronx, New York. In 2022, his business brought in roughly $190,000 in sales and from that, he lives off a $25,000 salary. #cnbc #makeit #seattle #washington #doncarvajal #news #videos #
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  • CNBC
    2023-06-25 16:34:07 - Translate -
    Who Makes Billions Paving America's Roads?

    The asphalt and road paving industry has always been hugely dependent on federal money. In fact, about 50% of the funding to the industry comes from the U.S. government.

    With the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Act, signed into law, $1.2 trillion will be invested. That is a 40% to 50% increase over the previous FAST Act. CRH, as the largest road paver in the U.S., is one of the biggest winners. In 2022, CRH made more than $32 billion; more than $20 billion of that came from its business in America. That number is about to increase substantially in the next few years.

    But there are some strings attached. More money is going to projects that prove they are better for the environment. The industry has solutions to meet this challenge, such as recycled asphalt pavement and warm mix asphalt. But implementing them in the field poses challenges.

    #cnbc #news #breakingnews #america #roads #paving #asphalt #infrastrusture #investment #bipartisan #fastact #crh #solutions #challenges
    Who Makes Billions Paving America's Roads? The asphalt and road paving industry has always been hugely dependent on federal money. In fact, about 50% of the funding to the industry comes from the U.S. government. With the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Act, signed into law, $1.2 trillion will be invested. That is a 40% to 50% increase over the previous FAST Act. CRH, as the largest road paver in the U.S., is one of the biggest winners. In 2022, CRH made more than $32 billion; more than $20 billion of that came from its business in America. That number is about to increase substantially in the next few years. But there are some strings attached. More money is going to projects that prove they are better for the environment. The industry has solutions to meet this challenge, such as recycled asphalt pavement and warm mix asphalt. But implementing them in the field poses challenges. #cnbc #news #breakingnews #america #roads #paving #asphalt #infrastrusture #investment #bipartisan #fastact #crh #solutions #challenges
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  • CNBC
    2023-06-22 17:03:19 - Translate -
    How The U.S. Caught A Chinese Spy

    CNBC’s Eamon Javers explores how U.S. companies are in the crosshairs of China’s economic espionage efforts, all while trying to do business in one of the world’s biggest markets. In this in-depth report, Javers examines the unprecedented case of Xu Yanjun, a spy from China who was convicted in U.S. federal court of trying to steal GE engine secrets, and what it reveals about China’s plans to take on Boeing, GE Aviation, Honeywell and the rest of America’s aerospace industry. Watch the video to find out how U.S. law enforcement caught a spy from China’s Ministry of State Security.

    #cnbc #chinese #spy #ministry #economic #news #breakingnews #javers #usfederal #boeing #geaviation #honeywell #aerospace
    How The U.S. Caught A Chinese Spy CNBC’s Eamon Javers explores how U.S. companies are in the crosshairs of China’s economic espionage efforts, all while trying to do business in one of the world’s biggest markets. In this in-depth report, Javers examines the unprecedented case of Xu Yanjun, a spy from China who was convicted in U.S. federal court of trying to steal GE engine secrets, and what it reveals about China’s plans to take on Boeing, GE Aviation, Honeywell and the rest of America’s aerospace industry. Watch the video to find out how U.S. law enforcement caught a spy from China’s Ministry of State Security. #cnbc #chinese #spy #ministry #economic #news #breakingnews #javers #usfederal #boeing #geaviation #honeywell #aerospace
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