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Walmart is known for its low prices and no frills approach. So it may come as a surprise that wealthier shoppers are helping to fuel the retailer’s growth. Households earning more than $100,000 made up 75% of the company’s market share gains in the 2024 fiscal third quarter, according to Walmart CEO Doug McMillon: https://youtu.be/WgJPDln3vUw. How often do you shop at Walmart?
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Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry winners, according to an analysis by Coresight Research. Read more about the biggest winners and losers in the retail industry so far this year: cnb.cx/42smrEW
Follow Chart of the Day on Instagram to stay up to date on latest data you need to know! www.instagram.com/chartoftheday/
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Google Maps is the world’s top navigation app, and it’s aiming to stay ahead using new generative AI features, and a nimbler Street View camera that will help it map at least three new countries. CNBC got an exclusive look at the Street View service center and asked the head of Maps about data, privacy, traffic and AI: https://youtu.be/bk-oTa4p4Fc. Are you a Google Maps user?
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Sorry, lovebirds, but that chocolate you’re buying for your sweetie this Valentine’s Day probably comes with a bigger price tag. Cocoa prices hit record highs in 2024. Expect to pay about 10% to 20% more for chocolate this Valentine’s Day than last year, one agricultural economist said: cnb.cx/3QhIGGj. Will you be buying your loved one chocolates this Valentines Day?
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Starter homes are typically modest in price and under 1,400 square feet. These units accounted for 40% of new residential construction in 1982, and just 9% in 2023. Find out here why starter homes are disappearing: https://youtu.be/zio8-WF2gGY . Have you had a starter home?
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Joe Biden leaves the presidency with what appears to be a sterling economic record.
There’s just one problem, and it is one that will forever taint the 46th president’s legacy: inflation and its onerous burden on households, particularly those at the lower end of the income spectrum, dwarfed all the other good that happened on Biden’s watch.
A look through various data points helps tell the story of inflation and how that has fed into the perception about the economy as a whole. Take a look at the Biden economy through charts: cnb.cx/4h0bAqe
Follow Chart of the Day on Instagram to stay up to date on latest data you need to know! www.instagram.com/chartoftheday/
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Santa Claus did not come to town this year. At least, as far as Wall Street is concerned. Through Thursday’s close, the S&P 500 is down 1.8% during the so-called Santa Claus rally period — which runs across the last five trading days of one year and the first two of the following year. Read about what the lack of a Santa Claus rally could mean, with CNBC Pro: cnb.cx/41UzP4s
Follow Chart of the Day on Instagram to stay up to date on latest data you need to know! www.instagram.com/chartoftheday/
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Here's where the world's billionaires are moving to — and away from.
Want to know more about the lives of the super-wealthy? Inside Wealth with Robert Frank brings you exclusive news and insights into family offices, high-net-worth investors and consumers, as well as interviews with some of the world’s highest profile investors.
Sign up for the Inside Wealth newsletter: www.cnbc.com/lander?id=inside-wealth
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27 state governments lack the necessary cash on hand to pay their bills, according to researchers. The debts largely relate to the public pension system, that could mean more tax hikes or cuts to public services like education and transportation. Find out if your state is one of them here: https://youtu.be/MYXMQnJpa_M
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North Carolina is one of the U.S. States that have seen an unexpected increase in entrepenural opportunities. Technology hubs began to plant themselves within North Carolina’s Research Triangle - the area between Chapel Hill, Raleigh and Durham. Can the state handle the rise of economic power and will this technology hub last? Find out more in this video: https://youtu.be/wPUB0fmnOi4
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Don’t miss a market moment, Stream CNBC+ now: www.cnbc.com/WatchCNBCPlus