Personal finance
How are Gen Zs affording luxury trips? For some, it’s all a facade
Jon Morgan, co-founder of business consulting firm, Venture Smarter, was mentoring a Gen Z entrepreneur when he noticed something strange about her life and the one she portrayed online. His 23-year-old mentee had spent 1½ years crafting a luxury travel persona — one that suggested she was living a $500,000-a-year lifestyle, he said. In reality, […]
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‘Dear Canada’: U.S. tourist spots try to win back neighbors from the north
Visitors walk near in Old Orchard Beach, Maine, on July 22, 2025. Robert F. Bukaty | AP Photo The adage “time heals all wounds” is not holding true for Canadian travelers and their desire to vacation in America. Visits to the United States from Canada are down 25.2%, year to date, with a 37% year-over-year […]
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Why the end of ‘de minimis’ can hurt consumers — especially lower-income ones
Containers are loaded and unloaded at Port Jersey Container Terminal in New Jersey, on May 1, 2025. Mostafa Bassim/Anadolu via Getty Images The Trump administration is scrapping the “de minimis” rule on Friday, a move likely to raise prices for consumers who buy inexpensive goods online and that may trigger near-term shortages for certain items, […]
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Getting ready for Broadcom earnings with an options trade that minimizes risk
Broadcom (AVGO) , a leading semiconductor and infrastructure software company, specializes in designing and manufacturing chips for data centers, networking, wireless communications, and AI applications. As of Aug. 27, its stock trades around $300, reflecting a year-to-date gain of approximately 28%, driven by robust demand in the AI and cloud computing sectors. With fiscal 2024 […]
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Wealthy Americans are traveling to Europe to dodge tariffs on luxury goods
Key Points Some affluent consumers are planning trips to Europe to buy luxury goods, with the goal of bringing them back tariff-free. Watchmakers in Switzerland and fashion boutiques in France and Italy are among the most sought after, travel advisors said. There are caveats to the strategy, experts said. For one: Travelers are supposed to […]
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What wealthy parents need to know about giving real estate to their kids
A local house with a porch in Edgartown on Martha’s Vineyard, Massachusetts, USA. Wolfgang Kaehler | Lightrocket | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The great wealth […]
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Wage growth is doing something odd in 2025 — the last time it happened was around the Great Recession
Key Points Job “switchers” typically see their wages grow at a faster rate than workers who stay in their current roles. However, that trend has reversed for the past six months, since February, data shows. Such a reversal rarely occurs outside of periods of weakness in the labor market, economists said. Source
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Trump immigration policy may be shrinking labor force, economists say
Key Points Evidence suggests Trump administration immigration policies are shrinking the size of the immigrant labor force, and the broader U.S. labor pool in recent months, according to economists CNBC spoke with and research notes on the topic. If sustained, which isn’t assured, it could pose challenges for the U.S. economy, those experts said. The […]
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‘Job hugging’ has replaced job hopping, consultants say
Key Points Workers are “job hugging,” or clinging to their jobs “for dear life,” according to consultants. They may be nervous to move to new opportunities in the current labor market. Employers have also pulled back on hiring. Source
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Here’s the inflation breakdown for July 2025 — in one chart
Key Points The consumer price index rose 2.7% in July on an annual basis, according to the Bureau of Labor Statistics. “Core” goods prices are at their highest annual inflation rate in about two years, evidence that Trump administration tariff policy is feeding through to higher prices, economists said. Source
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