A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Chipotle Mexican Grill has hiked menu prices by roughly 4% to cover the cost of raising its workers’ wages. Across the restaurant industry, chains such as […]
CNBC News
Lumber executive sees further relief in sky-high prices, says delaying building projects makes sense
Lumber industry veteran Kyle Little told CNBC on Tuesday that it’s a sensible decision to hold off on beginning discretionary building projects due to high wood costs. “The jobs that you have coming up, don’t expect us to go back to what we saw the previous 10 years. That being […]
A lesson the CEO of Francesca’s learned when he was fired once is helping to shape the retailer’s turnaround strategy
Andrew Clarke, 47, took over as the CEO of the apparel retailer Francesca’s in March 2020. Source: Francesca’s When Andrew Clarke was in his late 30s, he was let go from a retail job because of his sexual orientation. “My boss at the time said to me that my lifestyle […]
Wealthy investors are worried about inflation, CNBC millionaire survey shows
Shoppers maintain safe distance in a checkout line in Torrance, Calif. Al Seib | Los Angeles Times | Getty Images The coronavirus pandemic is subsiding, but the new normal might not look the same as 2019. One reason why: The prices of some goods and services have crept up due […]
The Senate is set to pass a massive bipartisan tech and manufacturing bill that takes on China
Employees work on the production line of silicon wafer at a factory of GalaxyCore Inc. on May 25, 2021 in Jiashan County, Jiaxing City, Zhejiang Province of China. Guo Junfeng | Visual China Group | Getty Images The Senate is set this week to pass one of the largest industrial […]
Here’s how much money you can retire with if you save $100 a week in your 401(k)
The average American in their 60s has more than $200,000 in their 401(k). If you start contributing early enough in your career, you may be able to double or even triple that number by investing a small percentage of your paycheck each week. CNBC crunched the numbers, and we can […]
Fauci says U.S. must vaccinate more people before Delta becomes dominant Covid variant in America
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, testifies during a Senate Health, Education, Labor and Pensions Committee hearing on the federal coronavirus response on Capitol Hill on March 18, 2021 in Washington, DC. Susan Walsh | Pool | Getty Images U.S. health officials are […]
Job openings set record of 9.3 million as labor market booms
Job openings in April soared to a record 9.3 million as the economy rapidly recovered from its pandemic depths. The standard set in April was well above the 8.3 million in March that itself was a new high going back to 2000 for the Labor Department’s Job Openings and Labor […]
Bezos, Buffett, Bloomberg, Musk, Icahn and Soros pay tiny fraction of wealth in income taxes, report reveals
Warren Buffett and Jeff Bezos Lacy O’ Toole | CNBC; Getty Images Some of the world’s richest men — Jeff Bezos, Elon Musk, Warren Buffett, Carl Icahn, Michael Bloomberg and George Soros — pay just a tiny fraction of their increasing wealth in taxes, and in some cases pay no […]
Clover Health shares double on session at one point as Reddit retail trading mania spreads
Passionate day traders glued to their Reddit message boards have found their new favorite target — Clover Health — pushing the shares up triple digits at one point Tuesday. The Medicare insurance start-up that went public via Chamath Palihapitiya’s SPAC jumped more than 100% on Tuesday after surging 32% in […]