Here are the top 5 things people wish they hadn’t spent their hard-earned money on

You may not look into whether a car has a record of extensive repairs or what its gas mileage is. Let go of how much you spent, says Webb-Trujillo, who works in sales in northern Las Vegas. But Furman, a health-care recruiter in Minneapolis who has a personal finance blog, recently calculated just how much they’d spent. “Given the choice of spending $30,000 on a wedding or for a down payment, brides routinely choose the wedding,” Edelman said. “Knowing everything I do know, I wish we’d taken the


You may not look into whether a car has a record of extensive repairs or what its gas mileage is. Let go of how much you spent, says Webb-Trujillo, who works in sales in northern Las Vegas. But Furman, a health-care recruiter in Minneapolis who has a personal finance blog, recently calculated just how much they’d spent. “Given the choice of spending $30,000 on a wedding or for a down payment, brides routinely choose the wedding,” Edelman said. “Knowing everything I do know, I wish we’d taken the
Here are the top 5 things people wish they hadn’t spent their hard-earned money on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: jill cornfield
Keywords: news, cnbc, companies, hardearned, look, way, things, hadnt, car, wedding, edelman, insurance, getty, dont, money, wish, spent, morales


Here are the top 5 things people wish they hadn't spent their hard-earned money on

Whether it’s weekly Thai takeout or an air purifier you never took out of the box, most people have buyer’s remorse about something. Regret purchases tend to come in three types: things you never used; habitual things, like restaurant meals or drinks you no longer get any value from; or expensive things that kept you paying for a long time. In the Invest in You Spending Survey from CNBC + Acorns in partnership with SurveyMonkey, respondents pointed to clothes, alcohol and meals as purchases they came to regret. But it’s those expensive things — cars, timeshares, RVs — that are real pain points. Failing to realize the total costs of ownership is one of the biggest financial mistakes people make, says Ric Edelman, founder of Edelman Financial Engine. In other words, you look at the monthly payment on a new car without factoring in the costs of insurance and maintenance. You may not look into whether a car has a record of extensive repairs or what its gas mileage is. “Most SUVs and trucks get very poor mileage, and when people buy when gas prices are low, they don’t give it much thought,” Edelman said. “But the difference between 15 and 30 miles per gallon literally doubles your expense for transportation for fuel.” Life is too short to spend time beating yourself up over past mistakes. “Always look for the lesson,” said Susan Webb-Trujillo, 58, who says she has no regrets over past financial missteps. “I’ve also learned it is pointless to try to recoup any monetary loss if an object no longer fits a need.” Let go of how much you spent, says Webb-Trujillo, who works in sales in northern Las Vegas. “It is easier to remind yourself to not do the same thing again.” Here are five purchases that consumers regret the most.

1. Timeshares

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Vicky Morales, 39, says she would never, ever again buy a timeshare. Vacation purchases can bring a lot of bitterness. Add confusing terms and the high-pressure sales tactics from companies that sell timeshares and you’ve got yourself a perfect storm of buyer’s remorse. Morales, who works with mortgages in southern California, bought into a large chain’s points system while on vacation in Hawaii in 2006. The presentation was tantalizing but confusing. “I was so misinformed by the way they sold it,” she said. “They offered us dinner and a lot of perks, and at the end I got $500 cash.” The points system Morales bought was $10,000 — closer to $13,000 with interest charges. The salesman didn’t go over the contract, and she wasn’t aware of the annual $600 fees. Morales had second thoughts when she returned home, so she called the salesman to cancel. But he persuaded her not to because it would reflect poorly on his performance. “I was young, and didn’t want him to look bad,” she said. As soon as Morales was finished paying for her timeshare, she put it up for sale after using it only a handful of times. “Definitely don’t do it without doing the proper research,” Morales said. She hopes to help prevent someone else from buying into one.

2. Expensive rides

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Over decades, monthly car payments can add up to a shocking amount. Jodi Furman, 45, thought she was doing everything right. She and her husband always had fairly nice cars — certified pre-owned ones — starting in their 20s. They shopped around. They made sure to get the best financing rates. But Furman, a health-care recruiter in Minneapolis who has a personal finance blog, recently calculated just how much they’d spent. “It’s a little stunning to think it’s in the nature of $200,000,” Furman said. “I’m a little sick to my stomach, honestly.” More from Invest in You:

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These people in their 30s are doing a simple thing to get rich Furman always had thought of car payments as a fixed cost. Her lightbulb moment came when she paid cash for a 10-year-old car because she wanted to lighten their credit load to qualify for a mortgage. “I figured I’d use it for five months and then trade it in,” she said. Within a few months she had saved about $4,000 on car payments and lower insurance — without lowering their coverage — and, she says, the car was still worth about what she’d paid for it.

3. Ultra-fancy weddings

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Wedding expenses can look very different years later. “Given the choice of spending $30,000 on a wedding or for a down payment, brides routinely choose the wedding,” Edelman said. They routinely express regret over that nuptials tab later, he added. At the time she got married, Ashlea Beers, 35, says she was very proud of how she and her fiance managed to rein in costs and spend just $5,000 for their wedding. But more than 10 years later the Denver stay-at-home mom says a great honeymoon would have been a much better way to spend the money. “You need to focus on each other,” said Beers. If you need to choose, a honeymoon is the better way to celebrate a relationship. As a former wedding coordinator and etiquette expert, Elaine Swann, founder of the Swann School of Protocol in Carlsbad, California, knows a thing or two about wedding costs. Among the first things she’d have a bride do is put together a realistic budget. Otherwise, you’ve got a train that’s left the station and is roaring along. Instead of starting with the number of guests, work backward from the amount of money you’ll be able to set aside by the date of the wedding. “That will give you a good idea of the type of wedding you can have,” Swann said. “Don’t borrow, and don’t go into debt.” “Knowing everything I do know, I wish we’d taken the money and eloped,” Beers said.

4. RVs

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Allison Hale, 33, was moving across Texas to Austin. Inspired by the tiny house movement, she and her husband thought it would be fun to do something different when they sold their house, so they gave away most of their belongings and bought a huge RV for about $35,000. “We loved living in an RV,” she said. What they didn’t love: how expensive and difficult it was to find parking. The family stayed at lake resorts in the Austin area and, on top of the monthly payments and insurance, paid around $1,000 a month in resort fees. It was a good experience, and Hale says their young sons loved it. Then they left the RV for a few days, accidentally leaving the water on, causing a huge amount of damage. Many regard RVs as second homes, and the tax code treats them that way, too, says Edelman. “The problem is that homes tend to rise in value and RVs tend to fall in value,” Edelman said. “They’re not built to last 50 to 100 years the way houses are.” Hale’s vehicle is now worthless, but they are still on the hook each month for close to $1,500 for financing, storage and insurance. “Even finding someone to fix it has been a challenge,” Hale said. If you still think an RV is for you, Hale has this advice: Buy something you can afford, and pay cash. Be very realistic about where you’re going to put it and where you can afford to put it. Have an exit plan — don’t simply think you’ll put it in storage. Know that even with good insurance, you can still be liable for various expenses.

5. Fixer-uppers

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Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: jill cornfield
Keywords: news, cnbc, companies, hardearned, look, way, things, hadnt, car, wedding, edelman, insurance, getty, dont, money, wish, spent, morales


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Regret your Amazon Prime Day purchase? Here’s how to course correct

filadendron | E+ | Getty ImagesAmazon’s 48-hour Prime Day is over, which means regret over some of your purchases might be sinking in. He spent around $60 on each of the pots, which have been popular items since the first Prime Day was held four years ago. “I kind of got wrapped up in Prime Day,” McNamara said. Katie Raffa, an executive assistant in New York, snapped up a $65 juicer during last year’s Prime Day, thinking it was a bargain. Events like Amazon Prime Day can trigger uncontrollable s


filadendron | E+ | Getty ImagesAmazon’s 48-hour Prime Day is over, which means regret over some of your purchases might be sinking in. He spent around $60 on each of the pots, which have been popular items since the first Prime Day was held four years ago. “I kind of got wrapped up in Prime Day,” McNamara said. Katie Raffa, an executive assistant in New York, snapped up a $65 juicer during last year’s Prime Day, thinking it was a bargain. Events like Amazon Prime Day can trigger uncontrollable s
Regret your Amazon Prime Day purchase? Here’s how to course correct Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, weiss, mcnamara, think, day, purchase, amazon, regret, mistake, prime, heres, getty, splurge, correct, youre, course, ones


Regret your Amazon Prime Day purchase? Here's how to course correct

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Amazon’s 48-hour Prime Day is over, which means regret over some of your purchases might be sinking in. You’re not alone. Eddie McNamara, a 43-year-old cook in New York, still regrets his Prime Day purchase of two Instant Pots — one for him and one for his sister — back in 2016. He spent around $60 on each of the pots, which have been popular items since the first Prime Day was held four years ago. “I kind of got wrapped up in Prime Day,” McNamara said. “I saw it was on sale and got overexcited.” McNamara said he made a few recipes with the pot that turned out badly. His sister never even took hers out of the box. “I ended up sort of hating the thing,” McNamara said. “It was haunting me, this lousy purchase.”

Katie Raffa, an executive assistant in New York, snapped up a $65 juicer during last year’s Prime Day, thinking it was a bargain. “It ended up sitting in my closet really high up, where I can’t reach it, for 11 months,” Raffa said. “I regretted making an impulse purchase that I wasn’t going to use.” She ended up regifting it at a wedding last month.

We think we’re the only ones who splurge. We feel like we’re the only ones who made a mistake. Brent Weiss co-founder of Facet Wealth

Impulse purchases are common. In 2017 a survey conducted by personal finance website finder.com found that 88.6% of American adults have impulsively shopped, each spending on average $81.75 per shopping session. Events like Amazon Prime Day can trigger uncontrollable spending, said April Lane Benson, a psychologist and author who specializes in compulsive shopping. A sense of urgency kicks in when there’s a buzz around a deal, encouraging shoppers to whip out the plastic. “You think you’re never going to get this kind of deal again, ” she said. Do you regret buying two Fire TV sets? Here’s what to do.

Don’t beat yourself up

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“We think we’re the only ones who splurge,” said Brent Weiss, certified financial planner and co-founder of Facet Wealth. “We feel like we’re the only ones who made a mistake.” Forgiving yourself is the first step to learning from the mistake and ensuring it doesn’t happen again, he said.

Return, regift or sell

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Adjust your budget

Draw up your budget and commit to it. Weiss uses a vision board to track his progress toward different goals, including vacations and saving for retirement. “You want to hack your mind and not your money,” he said, adding that seeing our plans visually can make us act differently. It’s particularly important to do this when you’re behind, like after a splurge. “It will get you back in the balance,” Weiss said.

Learn from the splurge


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, weiss, mcnamara, think, day, purchase, amazon, regret, mistake, prime, heres, getty, splurge, correct, youre, course, ones


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Emmy nominations 2019: 10 Surprises and snubs

The show earned four nominations on Tuesday — lead actor (Eugene Levy), lead actress (Catherine O’Hara), outstanding comedy series and outstanding contemporary costumes (Debra Hanson and Darci Cheyne). Pop TVSnub: Jim Parsons & ‘The Big Bang Theory’While “Schitt’s Creek” entered the outstanding comedy series category, “Big Bang Theory,” which aired its final episode in May was ousted. The sitcom has been an Emmy darling, earning 55 nominations and 10 wins during its 12 seasons. However, come 201


The show earned four nominations on Tuesday — lead actor (Eugene Levy), lead actress (Catherine O’Hara), outstanding comedy series and outstanding contemporary costumes (Debra Hanson and Darci Cheyne). Pop TVSnub: Jim Parsons & ‘The Big Bang Theory’While “Schitt’s Creek” entered the outstanding comedy series category, “Big Bang Theory,” which aired its final episode in May was ousted. The sitcom has been an Emmy darling, earning 55 nominations and 10 wins during its 12 seasons. However, come 201
Emmy nominations 2019: 10 Surprises and snubs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: sarah whitten
Keywords: news, cnbc, companies, nominations, 2019, outstanding, nominated, surprises, thrones, getty, supporting, late, emmy, series, game, snubs, comedy


Emmy nominations 2019: 10 Surprises and snubs

Peter Dinklage poses with the Outstanding Supporting Actor for a Drama Series for ‘Game of Thrones’ during to the 70th Annual Primetime Emmy Awards held at the Microsoft Theater on September 17, 2018. Kevork Djansezian | NBC | NBCU Photo Bank via Getty Images

While “Veep,” “Game of Thrones” and “The Marvelous Mrs. Maisel” will get to bask in the Emmy’s spotlight until the awards ceremony in September, there are quite a few shows and actors that didn’t make Tuesday’s nomination list. Then, there were the programs no one had expected to show up on the ballot — looking at you “Schitt’s Creek” and “Nailed It!.” It’s anyone’s guess who will end up hoisting the Emmy two months from now, but here are some of the programs that were the most surprising nominations and the ones that got snubbed. If you haven’t had a chance to check out the full list of nominees for this year’s Emmys, you can do so here.

Surprise: ‘Schitt’s Creek’

“Schitt’s Creek” is the little underdog that could. The show, which is available on Pop TV, has been an under-the-radar cult favorite for its last five seasons — a sixth is in the works — and it’s finally getting attention. The Canadian comedy show centers around the once-wealthy Rose family who lose their fortune and are forced to move to Schitt’s Creek, a small town that they bought as a joke for their son’s birthday decades ago. The show earned four nominations on Tuesday — lead actor (Eugene Levy), lead actress (Catherine O’Hara), outstanding comedy series and outstanding contemporary costumes (Debra Hanson and Darci Cheyne).

Annie Murphy, Eugene Levy, Catherine O’Hara and Dan Levy star in “Schitt’s Creek.” Pop TV

Snub: Jim Parsons & ‘The Big Bang Theory’

While “Schitt’s Creek” entered the outstanding comedy series category, “Big Bang Theory,” which aired its final episode in May was ousted. The sitcom has been an Emmy darling, earning 55 nominations and 10 wins during its 12 seasons. However, come 2019, the show only received three nods — outstanding technical direction, outstanding directing for a comedy series and outstanding multi-camera editing for a comedy series. Most notably, Jim Parsons, has won best lead actor in a comedy four times for his role as Sheldon Cooper. As “Big Bang” was in its final season, there was an expectation that it would have been nominated for more acting awards.

Jim Parsons as Sheldon Cooper on CBS’s “The Big Bang Theory.” CBS | Getty Images

Surprise: ‘Game of Thrones’

Despite mixed reviews for its final six episodes, “Game of Thrones” earned a record 32 Emmy nominations on Tuesday, including best drama series. The record had previously been held by “NYPD Blue,” which had 27 nominations in 1994. Many had expected “Game of Thrones” to skate by with limited nominations, especially after all the fan criticism of the final season. Instead, “Game of Thrones” earned four nominations in the supporting actress in a drama series category — Gwendoline Christie, Lena Headey, Sophie Turner and Maisie Williams — as well as three nominations in the supporting actor category — Alfie Allen, Nikolaj Coster-Waldau and Peter Dinklage. Carice van Houten was recognized as a guest actress for her role as Melisandre, and Emilia Clarke and Kit Harington also scored their first nominations in the lead categories, having previously been nominated as supporting actors.

A still from Season 8 of Game of Thrones. Source: HBO

Snub: Richard Madden in ‘Bodyguard’

“Game of Thrones” alum Richard Madden may have taken home a Golden Globe for his performance in “The Bodyguard,” but that trophy wasn’t enough to secure him an Emmy nomination. Critics praised Madden for his portrayal of war veteran David Budd, a police sergeant in London who is assigned to protect the home secretary, in Netflix’s show. It was expected he would be on the short list for this September’s Emmys.

Richard Madden stars as war veteran David Budd, a police sergeant in London who is assigned to protect the home secretary, in Netflix’s “The Bodyguard.” Netflix

Surprise: ‘Nailed It!’

The comedic Netflix show challenges amateur bakers to recreate complicated recipes for the chance at $10,000. It’s cringe-worthy and delightfully hosted by Nicole Byer and judged, in part, by Jacques Torres, a famed chef and chocolatier. The competition show seemed to have snuck in alongside perennial nominees like “The Amazing Race,” “The Voice” and “RuPaul’s Drag Race.”

Home bakers with a terrible track record take a crack at re-creating edible masterpieces for a $10,000 prize on Netflix’s “Nailed It!” Netflix

Snub: ‘Saturday Night Live’ cast members

Emmy nominations favored “Saturday Night Live” guest hosts over cast members this year. Adam Sandler, Sandra Oh, John Mulaney, Emma Thompson, Matt Damon and Robert De Niro all received nods for their time hosting the late night comedy sketch show, while Kate McKinnon was the only series regular acknowledged. Cast members Aidy Bryant, Leslie Jones, Cecily Strong and Kenan Thompson, who were in the running last year, were left off ballots this year.

Matt Damon as Judge Brett Kavanaugh during “Kavanaugh Hearing Cold Open” on Saturday Night Live. NBC

Surprise: Spotlight on female comedy writers

In the category for outstanding writing for a comedy series, more than half of those nominated were women. Phoebe Waller-Bridge got a nod for her work on “Fleabag” and Maya Erskine and Anna Konkle are on the ballot for Hulu’s “PEN15.” Leslye Headland, Natasha Lyonne and Amy Poehler were nominated for one episode of Netflix’s “Russian Doll,” while Allison Silverman got a nomination for another.

Phoebe Waller-Bridge attends the “Fleabag” season 2 New York screening at Metrograph on May 02, 2019 in New York City. Mike Pont | Getty Images Entertainment | Getty Images

Snub: D’Arcy Carden in ‘The Good Place’

D’Arcy Carden is a standout on NBC’s “The Good Place,” a comedy show about the afterlife that often delves into questions of morality. Carden plays Janet, a non-human, non-robot being that knows all the information in the universe. In one episode in the third season, Carden plays the roles of four co-stars, interacting using the magic of green screen.

D’Arcy Carden as Janet, Manny Jacinto as Jason, Kristen Bell as Eleanor in NBC’s “The Good Place.” NBC | NBCUniversal | Getty Images

Surprise: Mandy Moore in ‘This is Us’

After three seasons as Rebecca on “This is Us,” Mandy Moore is finally getting a nod from the Television Academy. She has been nominated alongside her co-stars: Milo Ventimiglia and Sterling K. Brown (lead actors), Chris Sullivan (supporting actor) and Michael Angarano and Ron Cephas Jones (guest actors). To date, “This is Us” has earned 27 nominations and won three.

Mandy Moore as Rebecca Pearson, Milo Ventimiglia as Jack Pearson in NBC’s “This is Us.” NBC | NBCUniversal | Getty Images

Snub: ‘The Late Show with Seth Meyers’

Once again, “The Late Show with Seth Meyers” wasn’t nominated for outstanding variety talk show. In fact, the nominees are the same line-up as last year — “The Daily Show with Trevor Noah,” “Full Frontal with Samantha Bee,” “Jimmy Kimmel Live,” “Last Week Tonight with John Oliver,” “The Late Late Show with James Corden” and “The Late Show with Stephen Colbert.” The show was nominated in the outstanding writing category, however.

Amber Ruffin, host Seth Meyers and Jenny Hagel during ‘Jokes Seth Can’t Tell’ sketch on “Late Night with Seth Meyers.” NBC | NBCUniversal | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: sarah whitten
Keywords: news, cnbc, companies, nominations, 2019, outstanding, nominated, surprises, thrones, getty, supporting, late, emmy, series, game, snubs, comedy


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Avoid making these 7 mistakes when you travel

Booking a flight at the last minuteOne of the first steps of vacation planning is booking a flight. For most parts of the world, ticket prices tend to rise as the departure date draws near, explains Alexis Tiacoh, spokesperson at travel site Expedia. Even if the date is valid during your time of travel, certain locations won’t accept it if it is about to expire. The standard fee to renew an adult passport book is $110, and it takes six to eight weeks to arrive. Not taking advantage of apps and r


Booking a flight at the last minuteOne of the first steps of vacation planning is booking a flight. For most parts of the world, ticket prices tend to rise as the departure date draws near, explains Alexis Tiacoh, spokesperson at travel site Expedia. Even if the date is valid during your time of travel, certain locations won’t accept it if it is about to expire. The standard fee to renew an adult passport book is $110, and it takes six to eight weeks to arrive. Not taking advantage of apps and r
Avoid making these 7 mistakes when you travel Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: michelle fox
Keywords: news, cnbc, companies, travel, mistakes, getty, mcmahon, avoid, free, booking, book, making, trip, vacation, fee, passport


Avoid making these 7 mistakes when you travel

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1. Booking a flight at the last minute

One of the first steps of vacation planning is booking a flight. Timing is key when it comes to getting the right price. For most parts of the world, ticket prices tend to rise as the departure date draws near, explains Alexis Tiacoh, spokesperson at travel site Expedia. “Waiting to book at the last minute can be an expensive gamble,” she said. Her recommendation: Buy your ticket three weeks ahead of a trip. For the best deals, book over the weekend, which she calls the “sweet spot” for fare savings.

2. Not weighing accommodations options

Hoxton/Paul Bradbury | Hoxton | Getty Images

Are you traveling alone, as a couple or as part of a larger group? While booking a hotel room may work for one or two people, it may make sense to look elsewhere if you have more in your group. The average daily rate of U.S. hotels was $128.94 as of February 2019, according to market data company Statista. In Europe, the average daily rate is 116.38 euros (approximately $131 U.S.) as of May 2019, data firm STR reported.

People tend to overspend on vacation because the excuse ‘I’m on vacation, I’m treating myself’ is easily validated or because they don’t budget correctly. Ashley Rossi editor at SmarterTravel

If booking multiple rooms, the cost could add up. “A vacation rental for larger groups and families could make more financial sense,” Tiacoh said. “Vacation rentals can offer lower nightly rates, bringing the per-person cost of your trip down considerably.” If you are booking a hotel, she suggests doing so on a Friday night to get the best deal.

3. Not alerting your bank

Before you even walk out the door to start your trip, don’t forget to alert your bank if you are traveling abroad. “It only takes a few minutes online to complete, but can be a big hassle if you forget and transactions are denied as fraudulent upon landing,” said Shannon McMahon, also an editor at SmarterTravel.

And that can leave you with no money to spend — and a lot of time and money on the phone trying to straighten things out. While your at it, also check out your bank’s foreign transaction fee, which is usually 1% to 3% for purchases. You can save on that if you get a credit or debit card that offers a no-fee perk. There are also ATM fees, which usually includes a flat fee up to $5 and may also include foreign transaction, currency conversion, and/or out-of-network fees.

4. Checking your passport too late

Having a passport that is near its expiration could cost you big time in order to expedite its renewal. Even if the date is valid during your time of travel, certain locations won’t accept it if it is about to expire. “Many countries, including Belgium, Thailand, China, Ecuador, and more require three to six months of passport validity upon entry — so even if you have a valid passport you might be stopped at customs, and it could compromise your trip,” McMahon said. The standard fee to renew an adult passport book is $110, and it takes six to eight weeks to arrive. For an extra $60, you can get it in two to three weeks, or in about 8 days if you deal directly with a passport agency. (Life or death emergencies are another story; agencies can process those quicker with proof of the emergency.) Need it even faster? There’s also a new service from FedEx that can replace an expired or soon-to-expire passport in 24 hours — for the hefty price of $449, McMahon noted. On top of that, there are overnight shipping costs and the $170 expedited fee that goes to the government.

5. Not taking advantage of apps and rewards

If you book your trip on a travel app, you may find more savings and exclusive deals, Expedia’s Tiacoh said. The same goes if you are a member of a rewards program through an online travel site.

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If you have a rewards credit card, you can use the points you’ve earned towards things such as flights and hotels. You may also get other savings, like free checked bags or a free night’s stay. For example, many airlines credit cards offer a free first checked bag, which would could save you $30 per bag. Different carriers have different allowances, but even for just two passengers the savings is $120 round trip. Also, hotel branded-cards usually give cardholders a free night’s stay each year they renew the card.

6. Not knowing transportation options

You could wind up spending more on transportation if you don’t do your research ahead of time. “In big cities known for traffic, you’ll want to avoid cabs and rideshares that can add up quickly since public transit can be faster as well as cheaper,” McMahon said. The subway fare in New York City, for example, is $2.75. Cabs have an initial charge of $2.50 plus 50 cents per one-fifth mile, when travelling above 12 miles an hour or per 60 seconds in slow traffic. There are also surcharges that can apply. While public transit is typically the most affordable way to get around, it may not always be best if there are safer, faster and still-cheap options, McMahon pointed out. “A lot of cities in Asia and the Middle East have other options like fast and affordable tuk tuks, rideshares or even cheap taxis — which might be a better value even if they’re slightly pricier than public transit,” she said.

7. Overspending on groceries

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Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: michelle fox
Keywords: news, cnbc, companies, travel, mistakes, getty, mcmahon, avoid, free, booking, book, making, trip, vacation, fee, passport


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Store closures accelerate and may top 12,000 in 2019. Here’s what’s closed so far this year

So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. Below is a running list of some of the most significant retail store closure announcements so far this year. Luke Sharrett | Bloomberg | Getty ImagesPier 1 Imports is planning to shut 57 stores in 2019, and potentially more. Drew Angerer | G


So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. Below is a running list of some of the most significant retail store closure announcements so far this year. Luke Sharrett | Bloomberg | Getty ImagesPier 1 Imports is planning to shut 57 stores in 2019, and potentially more. Drew Angerer | G
Store closures accelerate and may top 12,000 in 2019. Here’s what’s closed so far this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: lauren thomas
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Store closures accelerate and may top 12,000 in 2019. Here's what's closed so far this year

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Despite the year being more than halfway over, the pace of store closures doesn’t appear to be slowing down in the retail industry. More companies piled on the bad news this week. So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. And the tally could top 12,000 by the end of 2019, setting a new record, Coresight says. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. With the back-to-school shopping season and winter holidays looming, most retailers planning to shut stores this year have already shuffled through those announcements so they can shift their focus toward the industry’s busiest times. But analysts say there are still some exhausted businesses teetering on the brink of survival, as sales continue to shift to the internet and younger brands like Warby Parker, Casper and Allbirds steal shoppers’ attention. Take Mattress Firm as one example. The company emerged from bankruptcy back in October. But it’s still suffering in an increasingly competitive landscape with newer entrants like Casper and Eight Sleep. And it hasn’t been able to achieve all the concessions from landlords that it desired. All the store closure announcements have also been bad news for U.S. mall owners like Simon and Macerich, which were already struggling with traffic to department stores falling off. The landlords are getting creative with their malls, now, bringing in more food options, e-commerce brands and even apartments, hotels and office spaces. The mall model is being reinvented. Amid all the closings, there are still retailers opening stores. Coresight has tracked 3,017 store opening announcements so far this year. This past Thursday, Lululemon opened its biggest store ever in Chicago. And there’s a massive, 3-million-square-foot mall called American Dream slated to open in New Jersey on Oct. 25. Below is a running list of some of the most significant retail store closure announcements so far this year.

Fred’s

A store log outside of the headquarters of Fred’s Pharmacy Memphis, Tennessee. Sipa | AP Images

Fred’s said Friday it will shutter another 129 stores this year, as the company works to repay its debt and diversify its product selection. It was already planning to close 263 shops in 2019. Now, the discount retailer says it will have roughly 80 retail stores and 166 pharmacies still operating following all the closures. Fred’s, which sells groceries and other everyday items like cleaning supplies, has been a victim of e-commerce’s ascent in many households. Its shares have tumbled more than 75% this year to trade below $1.

Charming Charlie

Source: Charming Charlie

Accessories chain Charming Charlie filed for Chapter 11 bankruptcy protection earlier this week and said with that it plans to close all 261 stores by the end of August. This marks the second time the retailer has filed for bankruptcy in under two years. The company said it hasn’t been able to come up with a plan to win shoppers back and “ensure long-term profitability” for the business.

Bed Bath & Beyond

A shopper exits a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images

Bed Bath & Beyond plans to close at least 40 locations this year — and likely more — while opening 15 stores. The company has said unless it’s able to “negotiate more favorable lease terms with … landlords,” the number of closures will grow. Bed Bath & Beyond, which also owns Christmas Tree Shops, lost its CEO Steven Temares in May, with its financial performance weakening and activist investors pushing for change. The company’s stock is down about 1% for the year.

Dressbarn

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Women’s fashion retailer Dressbarn, owned by Ascena Retail Group, is going out of business for good this year. Ascena said it decided to wind down that business entirely in order to be able to turn its focus to its more profitable brands like Ann Taylor and Loft. Just last month, it released a list of the first 28 Dressbarn stores expected to close this year but hasn’t announced anything beyond that. All told, about 650 stores across the country will go dark.

Topshop

Sir Philip Green the owner of Topshop and Taiwanese actress Gwei Lun Mei cut a ribbon to mark the opening of the new Topshop store Jessica Hromas | Getty Images

Fast-fashion chain Topshop is shutting all 11 of its stores in the U.S. The retailer’s London-based parent company, Arcadia Group, filed for bankruptcy protection in May, citing “challenging retail headwinds, changing consumer habits and ever-increasing online competition.” Topshop’s U.S. stores are in major markets like New York, Los Angeles, Las Vegas and Miami. The company hasn’t yet said when it expects the 11 stores to close.

Party City

Party City store in Hamilton, New Jersey Dorann Weber | Getty Images

Party City plans to shut about 45 stores in the U.S. this year. That’s more than normal. The party-supply retailer had been closing 10 to 15 stores, on average, annually. Following the announcement, some speculated a global helium shortage was straining its business of selling balloons for birthday parties, weddings and other special occasions. But the retailer said it was able to secure a new source of helium and that the decision to close more stores in 2019 was unrelated to the global shortage. Party City shares are down more than 28% this year.

Pier 1 Imports

A Pier 1 Imports retail store stands in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images

Pier 1 Imports is planning to shut 57 stores in 2019, and potentially more. The home goods retailer in June said if it’s “unable to achieve our performance goals, sales targets and reductions in occupancies and other costs,” it could shutter as much as 15% of its fleet. Pier 1 closed 30 stores in 2018, leaving it with about 1,000 locations in total across the U.S. Many shoppers have navigated to Amazon and other online retailers to buy things like dishes, wall art and the small furniture accessories that Pier 1 sells. The retailer’s shares are up a little more than 1% for the year.

CVS

Pedestrians pass in front of a CVS location in New York. Scott Mlyn | CNBC

CVS is closing 46 of its “underperforming” locations across the country this year. That’s still less than 1% of CVS’ roughly 9,600 stores nationwide. But the drugstore chain, like many retailers today, must work toward culling its massive footprint and adding unique services to stores to keep customers coming back. As it shuts some stores, CVS is adding hundreds of SmileDirectClub shops inside certain CVS locations, offering shoppers a cheaper way to straighten their teeth. It’s also opening up locations known as HealthHUBS that boast services and products like blood testing and sleep apnea machines. CVS’ stock is down nearly 12% in 2019.

Gap

Traffic passes by an Old Navy and GAP stores in Times Square, March 1, 2019 in New York City. Drew Angerer | Getty Images

Gap Inc. is planning to shut 230 of its namesake brand’s stores over the next two years. This fiscal year, Gap said it expects to close about 50 company-owned stores, net of any new openings or repositionings. The apparel retailer in February announced its plans to split its business into two publicly traded companies, one that includes Gap, Banana Republic, Intermix and its women’s and men’s athleisure brands Athleta and Hill City, and another with just Old Navy. Gap Inc. shares have fallen more than 27% this year.

Victoria’s Secret

Pedestrians carrying shopping bags walk past a Victoria’s Secret store in New York. Lucas Jackson | Reuters

L Brands’ Victoria’s Secret is planning to shut 53 stores this year, as the lingerie retailer struggles to appeal to women with its outdated and over-the-top bras and underwear. On average, the company has been closing roughly 15 stores each year. Meantime, online-based lingerie brands like Adore Me and Lively are opening up stores, potentially making it more difficult for Victoria’s Secret to win back market share. L Brands’ stock is up about 3% year to date.

Bath & Body Works

Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images

L Brands’ Bath & Body Works also has some closures planned. The retailer said it intends to shut two dozen locations this year. But it will also be opening 46 stores and renovating more than 170 locations. As Victoria’s Secret’s sales have been in a slump, Bath & Body Works has been a bright spot for L Brands. The company reported in May that Bath & Body Work’s same-store sales surged 13% during the fiscal first quarter. The upbeat news led L Brands to hike its profit outlook for the full year.

Abercrombie & Fitch

Pedestrians are reflected in the window of an Abercrombie & Fitch store in San Francisco. Getty Images

Specialty apparel retailer Abercrombie & Fitch Co. said it plans to close up to 40 stores during fiscal 2019, after closing 29 locations last year. The company has, meanwhile, been working toward reducing the size of its stores and remodeling existing locations. Abercrombie also said it plans to open additional stores this year, to make up for the closures, after opening 22 stores in 2018. It also owns the Hollister clothing brand. The retailer’s stock has fallen roughly 10% in 2019.

Charlotte Russe

Charlotte Russe fashions Source: Charlotte Russe

Teen apparel retailer Charlotte Russe is liquidating and closing all of its stores, after filing for bankruptcy protection in February. At the time, it was only planning to shut 94 stores. But now, the company will be closing more than 500 locations across the country, after a liquidator won the auction for its business in bankruptcy court. Many of its stores are found within shopping malls.

Payless ShoeSource

A pedestrian walks by a Payless Shoe Source store on April 5, 2017 in San Francisco. Getty Images

Payless ShoeSource filed for bankruptcy in February and has started the process of shutting all 2,500 of its stores across North America. Payless struggled with a heavy debt load and also said in court documents it faced “unanticipated” delays from its suppliers in recent years that forced it to sell inventory at deep discounts. It’s also fallen victim to more consumers shopping for footwear online.

Gymboree

Pedestrians walk past a Gymboree store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images

When kids clothing company Gymboree filed for bankruptcy protection in January, it said it would close all 800 of its Gymboree and Crazy 8 stores. It’s since sold the rights associated with both Gymboree and its Crazy 8 brand to Children’s Place, while Gap has acquired Gymboree’s Janie and Jack brand’s intellectual property, its website, customer data and other assets.

Family Dollar

Shoppers exit a Family Dollar store in Belleville, New Jersey. Michael Nagel | Bloomberg | Getty Images

Discount chain Dollar Tree said it plans to close 390 Family Dollar stores this year while it renovates 1,000 other locations. After buying Family Dollar in 2015, Dollar Tree has been left with the task of improving the appearance of those stores, many of which are run down. It’s also been trying to cut costs. Dollar Tree shares are up more than 24% year to date.

Chico’s

Pedestrians pass in front of a Chico’s store in New York Scott Mlyn | CNBC

Women’s clothing retailer Chico’s said it will shut between 60 to 80 stores in fiscal 2019. The company overall intends to close at least 250 stores in the U.S. over the next three years. It joins a list of apparel companies that are struggling to stay afloat, as more sales move online and shoppers are lured to fast-fashion brands like Zara. Chico’s shares have tumbled more than 38% this year.

J.C. Penney

Pedestrians pass a JC Penney store in New York. Scott Mlyn | CNBC


Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: lauren thomas
Keywords: news, cnbc, companies, company, shut, retailers, far, locations, heres, getty, 2019, retailer, closed, closures, stores, close, whats, store, 12000, brands, accelerate


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These are the best places to live in America in 2019

Here are the states that lead the rankings for being the best places to live in the U.S. this year. 2019 Quality of Life score: 219 out of 325 points (Top States Grade: B-)Strengths: Health, well-beingWeakness: Air quality2018 Quality of Life rank: 127. 2019 Quality of Life score: 221 out of 325 points (Top States Grade: B)Strengths: Air quality, healthWeakness: Attractions2018 Quality of Life rank: 77. 2019 Quality of Life score: 235 out of 325 points (Top States Grade: B+)Strengths: Well-being


Here are the states that lead the rankings for being the best places to live in the U.S. this year. 2019 Quality of Life score: 219 out of 325 points (Top States Grade: B-)Strengths: Health, well-beingWeakness: Air quality2018 Quality of Life rank: 127. 2019 Quality of Life score: 221 out of 325 points (Top States Grade: B)Strengths: Air quality, healthWeakness: Attractions2018 Quality of Life rank: 77. 2019 Quality of Life score: 235 out of 325 points (Top States Grade: B+)Strengths: Well-being
These are the best places to live in America in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: scott cohn
Keywords: news, cnbc, companies, quality, best, states, crime, state, score, live, air, getty, places, america, life, 2019, points


These are the best places to live in America in 2019

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If you could live anywhere in America, where would that be? By the numbers, these are the states that offer the best quality of life. That’s because they offer everything people yearn for: job opportunities, affordable housing, great schools, a low cost of living, affordable health care and a clean environment. Good quality of life is also good business. What better selling point could there be for a company looking to attract the best talent than to offer a great location for employees to settle down and raise a family. In this tight labor market, companies are increasingly realizing how important this is for their strategic growth plans. It is why Quality of Life is one of the key categories worth 300 out of 2,500 points in CNBC’s annual America’s Top States for Business 2019 rankings. We use hard data to evaluate all 50 states as places to live — factors including crime rates, local attractions, environmental quality and inclusiveness as measured by legal protections written into state laws.

Here are the states that lead the rankings for being the best places to live in the U.S. this year.

10. Massachusetts

People running near Boston Harbor and Financial District at sunrise in Boston, Massachusetts. Prasit photo | Moment | Getty Images

Fewer than 3% of residents in the Bay State are without health insurance. That is the lowest uninsured rate in the nation, and it helps explain why this is one of America’s healthiest states. But that is not the only reason Massachusetts is a great place to live. Local attractions abound, from historic Boston and scenic Cape Cod in the east, to the beautiful Berkshires in the west. Boston prides itself as the Cradle of Liberty, and strong legal protections help ensure that freedom in Massachusetts applies to all. But Boston is also the cradle of some polluted air, hurting the state’s environmental quality. 2019 Quality of Life score: 217 out of 325 points (Top States Grade: B-)

Strengths: Health, attractions, inclusiveness

Weakness: Air quality

2018 Quality of Life rank: 10

9. Utah

Hiker in Arches Park Moab, Utah. Sportstock | E+ | Getty Images

The Beehive State gets its nickname from the industriousness of its citizens. Utahans not only work hard, they apparently love their work. According to Gallup’s 2018 Wellbeing Index, nowhere in the continental United States do people feel better about their careers. As busy as people are in Utah, they still find time to take care of themselves. They exercise frequently, and obesity rates are low. But air quality leaves a bit to be desired. 2019 Quality of Life score: 219 out of 325 points (Top States Grade: B-)

Strengths: Health, well-being

Weakness: Air quality

2018 Quality of Life rank: 12

7. (tie) Montana

Trail running in Big Sky. Jordan Siemens | Taxi | Getty Images

They call Montana Big Sky Country because all those unobstructed views really do make the sky seem bigger. And it turns out that big sky — and everything beneath it — contains the cleanest air in the nation according to the American Lung Association. Montana is a healthy, inclusive state, and crime is low. The state is lacking somewhat in attractions, at least in terms of places frequented by tourists. But if you are looking for breathtaking views, majestic mountains and crystal-clear waters — oh, and that big sky — this may be the place for you. 2019 Quality of Life score: 221 out of 325 points (Top States Grade: B)

Strengths: Air quality, health

Weakness: Attractions

2018 Quality of Life rank: 7

7. (tie) Colorado

Skiing the Rockies in Colorado Getty Images

The Centennial State is home to rich natural beauty, vibrant cities, and robust inclusiveness provisions firmly enshrined in state law. Coloradans are healthy. Only 22.6% of the population is obese, the lowest rate in the nation. Air quality could be better, and the crime rate is slightly worse than the national average. 2019 Quality of Life score: 221 out of 325 points (Top States Grade: B)

Strengths: Inclusiveness, health, attractions

Weakness: Air quality

2018 Quality of Life rank: 9

5. (tie) Washington

A couple enjoy an extended hike in the Pacific Northwest RyanJLane | E+ | Getty Images

The Evergreen State is among America’s healthiest states, and its people are the most physically active. Who would not want to get out and enjoy a state with such natural beauty and so much to do. Washington prides itself on inclusiveness, with strong protections built into state law. Crime is low, but air quality may leave something to be desired. 2019 Quality of Life score: 232 out of 325 points (Top States Grade: B)

Strengths: Health, inclusiveness, attractions

Weakness: Air quality

2018 Quality of Life rank: 5 (tie)

5. (tie) New Hampshire

White Mountains, New Hampshire Greg Dale | National Geographic Image Collection | Getty Images

With its famous motto, “Live Free or Die,” it stands to reason that the Granite State is among America’s most inclusive. Freedom also includes security. New Hampshire enjoys the third lowest violent crime rate in the nation. The state also boasts the nation’s lowest child poverty rate. On the other hand, air quality can suffer, partly due to the state’s proximity to Boston. And the quiet life here means New Hampshire can sometimes lack things to do. 2019 Quality of Life score: 232 out of 325 points (Top States Grade: B)

Strengths: Inclusiveness, crime rate

Weaknesses: Air quality, attractions

2018 Quality of Life rank: 5 (tie)

4. North Dakota

The International Peace Garden along the US-Canada border in North Dakota. The central division divides Canada (right) from the USA (left). Photo: Dig Deeper | Wikipedia

The Peace Garden State derives its nickname from the International Peace Garden straddling the U.S.-Canadian border, a project that has its roots at the International Gardeners Association convention exactly 90 years ago. But the term “peace garden” could also refer to the idyllic lifestyle in this state. The crime rate is low, the population is healthy and happy, and anti-discrimination laws are stronger than most. But other than the aforementioned International Peace Garden, attractions can be sparse. 2019 Quality of Life score: 235 out of 325 points (Top States Grade: B+)

Strengths: Well-being, air quality, inclusiveness

Weakness: Attractions

2018 Quality of Life rank: 4

3. Minnesota

Couple cross country skiing on a north woods trail. JMichl | iStock | Getty Images

One of the many features of the North Star state is what the locals call “Minnesota Nice,” which is exactly what it sounds like. Minnesotans are welcoming and inclusive, as evidenced by thorough legal protections against discrimination. Crime rates are low, the population is healthy, and the air is clean. We don’t factor weather into our rankings because it is too subjective. But it is worth pointing out that while winters can be brutal here, Minnesotans not only adapt to the frigid weather; they flourish in it. 2019 Quality of Life score: 259 out of 325 points (Top States Grade: A-)

Strengths: Inclusiveness, health, air quality, crime rate

Weakness: Attractions

2018 Quality of Life rank: 3

2. Vermont

Man hiking in Vermont during Autumn Getty Images

The Green Mountain State has the nation’s second-lowest crime rate, inclusive state laws, and a healthy population. Vermont rode those attributes to a first-place finish in Quality of Life in 2018. The state still offers an enviable quality of life, but it slipped just enough in terms of air quality and its citizens’ perceived well-being in 2019 to drop out of the top spot. Vermont’s one discernible weakness is the fact that it offers few popular tourist attractions, but many people here would consider that a positive. 2019 Quality of Life score: 262 out of 325 points (Top States Grade: A-)

Strengths: Crime rate, health, inclusiveness

Weakness: Attractions

2018 Quality of Life rank: 1

1. Hawaii

Woman Kayaking, Oahu, Hawaii darekm101 | RooM | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: scott cohn
Keywords: news, cnbc, companies, quality, best, states, crime, state, score, live, air, getty, places, america, life, 2019, points


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How Facebook’s Libra could lead you to clean out your wallet

Image Source | Getty ImagesOnce Facebook’s Libra makes it to the cryptocurrency mainstream, there may be a new threat to consumers: Their own bad spending habits. Libra is a proposed cryptocurrency designed by Facebook and operated with a consortium of partners, including payments providers, credit card companies and consumer companies. In a Facebook white paper, the company maintains that Libra won’t be connected to a user’s data for targeted advertisements. Yet the social media giant is planni


Image Source | Getty ImagesOnce Facebook’s Libra makes it to the cryptocurrency mainstream, there may be a new threat to consumers: Their own bad spending habits. Libra is a proposed cryptocurrency designed by Facebook and operated with a consortium of partners, including payments providers, credit card companies and consumer companies. In a Facebook white paper, the company maintains that Libra won’t be connected to a user’s data for targeted advertisements. Yet the social media giant is planni
How Facebook’s Libra could lead you to clean out your wallet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: elizabeth myong, salvador rodriguez
Keywords: news, cnbc, companies, wallet, spending, social, facebook, survey, libra, facebooks, lead, used, money, clean, getty, ross, cryptocurrency


How Facebook's Libra could lead you to clean out your wallet

Image Source | Getty Images

Once Facebook’s Libra makes it to the cryptocurrency mainstream, there may be a new threat to consumers: Their own bad spending habits. Libra is a proposed cryptocurrency designed by Facebook and operated with a consortium of partners, including payments providers, credit card companies and consumer companies. It is set to begin in the first half of 2020. In a Facebook white paper, the company maintains that Libra won’t be connected to a user’s data for targeted advertisements. Yet the social media giant is planning to incorporate Libra payments into its own products used by billions of people, which leads to other concerns, experts say. “For a number of users, that ease of access for a tool that can be used for purchases and retail consumer activity could be dangerous, especially for those who already have a difficult time keeping control of their budget,” said Bruce McClary, vice president of communications for the National Foundation for Credit Counseling. Officials at Facebook did not respond to requests for comment.

More than a third of Americans reported that their spending is influenced by experiences on social media, according to Charles Schwab’s 2019 Modern Wealth Survey. The survey, conducted in February, analyzed how 1,000 Americans manage their money. Social media was ranked the top “bad” influence in terms of money management by survey respondents.

Overspending

Facebook announced its cryptocurrency, called Libra. Chesnot | Getty Images News | Getty Images

Libra could make it easy to overspend because it will be easy to access, said Tyrone Ross Jr., an investment advisor specializing in cryptocurrency in Woodbridge, New Jersey. “Knowing how humans are, if it is easy to do something, they’re going to have at it,” he said. Compared to cryptocurrencies like bitcoin, Libra may be easier to use for everyday exchanges like bill paying or buying groceries, Ross said. Libra was developed as a currency for exchange, and will be less likely to be used as an investment asset like bitcoin, Ross said. It is intended to be a “stable digital cryptocurrency ” and will be “fully backed by a reserve of real assets, ” including bank deposits and short-term government securities, according to the company’s white paper. That means it shouldn’t have wild fluctuations in price like other cryptocurrencies.

Bitcoin is not as appealing for exchange purposes because there is little clarity about how it can be used and it requires technical know-how, Ross said. Efforts to gamify or digitize money will result in an “an increase in spending on mindless purchases”, said Priya Malani, a founding partner at Stash Wealth in New York. She said the convenience and efficiency of payment make it a lot easier to part with your money.

Lending

David Marcus, vice president of messaging products for Facebook Inc., speaks during a Bloomberg Television interview on the sidelines of the Wall Street Journal D.Live global technology conference in Laguna Beach, California, U.S., on Wednesday, Oct. 18, 2017. Patrick T. Fallon | Bloomberg | Getty Images

David Marcus, the leader of Facebook’s Calibra division, which will develop products around the new cryptocurrency, said the company may offer other financial services, including loans, in the future. Lending could be become problematic if consumers borrow to maintain an unsustainable lifestyle, Malani said. “If you aren’t careful, ‘just this one purchase’ can quickly become years of paying back the money you borrowed at damaging, high interest rates,” she said. This year, consumer debt in the U.S. reached an all-time high of $4 trillion, according to the Federal Reserve.

How to manage

A customer, left, hands over U.S. twenty dollar bills as she pays for her purchases in Frankfurt, Kentucky. Luke Sharrett | Bloomberg | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: elizabeth myong, salvador rodriguez
Keywords: news, cnbc, companies, wallet, spending, social, facebook, survey, libra, facebooks, lead, used, money, clean, getty, ross, cryptocurrency


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This small European country has been ranked the world’s best place to live and work

Switzerland has been ranked the best place in the world to live and work, stealing the crown from Singapore which was at the top for five consecutive years. High living standards and competitive salaries have seen the Swiss nation become a regular fixture among the world’s most livable cities. About 82% of people who moved to Switzerland for work also said they enjoyed an improved standard of living compared to their home country. The top ten of HSBC’s “Best places to live and work” was rounded


Switzerland has been ranked the best place in the world to live and work, stealing the crown from Singapore which was at the top for five consecutive years. High living standards and competitive salaries have seen the Swiss nation become a regular fixture among the world’s most livable cities. About 82% of people who moved to Switzerland for work also said they enjoyed an improved standard of living compared to their home country. The top ten of HSBC’s “Best places to live and work” was rounded
This small European country has been ranked the world’s best place to live and work Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-04  Authors: karen gilchrist
Keywords: news, cnbc, companies, respondents, getty, singapore, best, switzerland, zealand, spain, place, small, live, quality, ranked, work, worlds, european, country, moved


This small European country has been ranked the world's best place to live and work

Switzerland has been ranked the best place in the world to live and work, stealing the crown from Singapore which was at the top for five consecutive years. High living standards and competitive salaries have seen the Swiss nation become a regular fixture among the world’s most livable cities. But at a time of growing global uncertainty, Switzerland’s famed political and economic stability helped it climb the ranks of HSBC Expat’s annual survey to score the top spot for the first time. Switzerland jumped up the rankings from 8th place last year after the vast majority of people who had relocated there from overseas said they were happy with its economic (80%) and political (86%) climate. About 82% of people who moved to Switzerland for work also said they enjoyed an improved standard of living compared to their home country.

Mist above Lucerne City, Switzerland in October 2017. shan.shihan | Moment | Getty Images

Seven in 10 (71%) of those who have moved to Switzerland now enjoy higher levels of disposable income with their average salary being $111,587 — well above the global mean of $75,966. Meanwhile, 70% said their surroundings were cleaner and 42% felt physically healthier. This year’s report, which is based on responses from more than 18,000 expats across 163 markets, marks the first time in five years that Singapore was not ranked in first place. The Southeast Asian city-state shifted down one position to take second place. The top ten of HSBC’s “Best places to live and work” was rounded out in order by Canada, Spain, New Zealand, Australia, Turkey, Germany, United Arab Emirates and Vietnam.

Singapore

Best for families

Mother and child walk close to Singapore business district. Leren Lu | Photographer’s Choice | Getty Images

Though Singapore failed to make it to the top of HSBC’s ranking for the sixth consecutive year, it remained a strong performer, especially for those moving abroad with children. Some 62% of respondents said the schooling system in Singapore is better than in their home country, while 69% rated the opportunity it afforded their kids to learn new languages.

Canada

Welcoming to foreigners

Hero Images | Hero Images | Getty Images

A consistently high performer, Canada’s reputation for welcoming foreign visitors saw it take third place this year. The vast majority (80%) of respondents also said they enjoyed a better quality of life in their new home, compared to the global average of 65%.

Spain

High quality of living

View of The Alhambra in Granada City, Spain Gonzalo Azumendi | The Image Bank | Getty Images

While few respondents said they relocated to Spain for their careers, more than two-thirds (67%) said they’d seen an improvement in their work-life balance as a result of the move. That, coupled with the country’s top ranking for mental well-being, saw Spain jump up 10 spots this year.

New Zealand

A long-term destination

View of Queenstown, New Zealand just after sunset. Ramiro Torrents | Moment | Getty Images

Renowned for its stunning scenery and laid back way of life, more than half (57%) of people who moved to New Zealand said they did so to improve their quality of life. And it appears to pay off: 60% of those who moved stayed longer than expected. In fact, those who move to New Zealand are the most likely to stay in their new country for over 20 years. Don’t miss: Working abroad could boost your salary by more than a third Like this story? Subscribe to CNBC Make It on YouTube!


Company: cnbc, Activity: cnbc, Date: 2019-07-04  Authors: karen gilchrist
Keywords: news, cnbc, companies, respondents, getty, singapore, best, switzerland, zealand, spain, place, small, live, quality, ranked, work, worlds, european, country, moved


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If you see this while shopping for a new home, run

Yet buyers will need to dig below the surface to find the real deal breakers, including shoddy construction and unreported property damage. Douglas Miller real estate attorney in MinneapolisIf the prior owner of your home didn’t obtain the appropriate permits, your dwelling’s new kitchen might be rife with structural problems. That means that the work wasn’t inspected by your local authority, so it may not be up to code. Licensed contractors typically must pass an exam and pay a licensing fee, a


Yet buyers will need to dig below the surface to find the real deal breakers, including shoddy construction and unreported property damage. Douglas Miller real estate attorney in MinneapolisIf the prior owner of your home didn’t obtain the appropriate permits, your dwelling’s new kitchen might be rife with structural problems. That means that the work wasn’t inspected by your local authority, so it may not be up to code. Licensed contractors typically must pass an exam and pay a licensing fee, a
If you see this while shopping for a new home, run Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: darla mercado
Keywords: news, cnbc, companies, project, run, miller, getty, real, work, licensed, shopping, permits, seller, permit, local


If you see this while shopping for a new home, run

LWA/Dann Tardif/Blend Images | Getty Images

Your dream home’s beautiful exterior might be hiding a horror show. Prospective homeowners might think they’ve covered their due diligence by reviewing local schools and crime statistics. Yet buyers will need to dig below the surface to find the real deal breakers, including shoddy construction and unreported property damage. Depending on what those homebuyers find, they’ll have to make a choice: Negotiate with the seller to address the problem or walk away from the sale.

“Until you can get a licensed inspector, you can only make a visual inspection,” said Andi DeFelice, president of the National Association of Exclusive Buyer Agents. “You can try to pull permits at the courthouse, but if you don’t know what you’re looking for, it can be daunting,” she said. Here are three signs that you may need to cut bait on the home you want to buy.

Pending permits

krisanapong detraphiphat | Moment | Getty Images

If the real estate listing advertises a new kitchen or a newly finished basement, make sure those updates were made legally. Permits generally are required by state and local jurisdictions to ensure that new additions, remodeling jobs and new electric and plumbing work meet building safety codes. Once the home project is complete, an inspector from your local building authority is supposed to review the work and then “close” the permit if everything is up to code. The national average cost of obtaining a building permit is $1,036, according to HomeAdvisor.

We uncovered a fire that led to $250,000 in damages and a septic backup that destroyed the first level of the home. Douglas Miller real estate attorney in Minneapolis

If the prior owner of your home didn’t obtain the appropriate permits, your dwelling’s new kitchen might be rife with structural problems. Worse yet, your city’s inspector might make you rip it out and bring the project up to code. Perhaps you’re buying a house and it has an “open” permit. That means that the work wasn’t inspected by your local authority, so it may not be up to code. Don’t just ask about the permits, ask about the contractors behind the project and make sure they are licensed in your state and locality, said Douglas Miller, a real estate attorney in Minneapolis. Licensed contractors typically must pass an exam and pay a licensing fee, and are required to be bonded and insured. “If they say it’s a licensed professional doing the work, have them prove it,” Miller said. “Shoddy workmanship is something you might not discover until far into the transaction.”

Undisclosed insurance claims

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Property disclosure statements, which you can obtain from the seller of the home, spell out certain flaws with the home, including lead-based paint and asbestos. If you really want to get into the weeds, ask about the Comprehensive Loss Underwriting Exchange, or CLUE, report, which details up to seven years’ worth of home insurance claims for that dwelling. “We killed a $1.5 million deal after asking for the CLUE report and finding all kinds of problems that the seller didn’t disclose,” said Miller. “We uncovered a fire that led to $250,000 in damages and a septic backup that destroyed the first level of the home,” he said.

Basement woes

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Company: cnbc, Activity: cnbc, Date: 2019-07-02  Authors: darla mercado
Keywords: news, cnbc, companies, project, run, miller, getty, real, work, licensed, shopping, permits, seller, permit, local


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Here are some of the most iconic Apple products designed by Jony Ive

SAN JOSE, CALIFORNIA – JUNE 03: Apple chief design officer Jony Ive (L) uses an iPad. Like other iconic Jony Ive designs, part of its attraction was how easily people could scroll through long lists of songs using the wheel design. Apple WatchApple Watch Source: Apple Inc.Today, you’d be hard pressed to walk down the block of a modern city and not see an Apple Watch on someone’s wrist. That changed once Apple introduced the Apple Watch, though, with its touch-screen display, convenient twist “Di


SAN JOSE, CALIFORNIA – JUNE 03: Apple chief design officer Jony Ive (L) uses an iPad. Like other iconic Jony Ive designs, part of its attraction was how easily people could scroll through long lists of songs using the wheel design. Apple WatchApple Watch Source: Apple Inc.Today, you’d be hard pressed to walk down the block of a modern city and not see an Apple Watch on someone’s wrist. That changed once Apple introduced the Apple Watch, though, with its touch-screen display, convenient twist “Di
Here are some of the most iconic Apple products designed by Jony Ive Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: todd haselton
Keywords: news, cnbc, companies, mac, jony, getty, designs, watch, design, ive, products, san, apples, iconic, designed, apple


Here are some of the most iconic Apple products designed by Jony Ive

SAN JOSE, CALIFORNIA – JUNE 03: Apple chief design officer Jony Ive (L) uses an iPad. Justin Sullivan | Getty Images News | Getty Images

Apple Chief Design Officer Jony Ive announced on Thursday that he’s leaving the company to start his own company named LoveForm, which will include Apple as a client. Ive, who was close with Apple co-founder Steve Jobs, is the best-known designer of tech products. He’s responsible for most of the Apple products you’ve probably used during his time at the company, which coincided with Apple’s return from near-death to one of the most valuable companies in the world. His designs are so popular, some are on display in museums. Ive had a hand in many product designs, but here are a few of the most iconic.

iMac G3

The Apple iMac G3. Getty Images | Hulton Archive | Getty Images

If you were alive in the 1990s, you remember the iMac G3. It’s still Apple’s most colorful computer ever. It had an iconic “Bondi Blue” shell, though thirteen colors were sold in total. The entire computer was packaged behind the screen, similar to some earlier designs but far more fun than the boring creme colored desktop computers Apple’s competitors were selling.

Power Mac G4 Cube

Apple introduced the Power Mac G4 Cube July 19, 2000, an entirely new class of computer that delivers the performance of a Power Mac G4 in an eight inch cube suspended in a stunning crystal-clear enclosure. Getty Images | Hulton Archive | Getty Images

While perhaps not considered as successful as the iMac G3, the Power Mac G4 Cube is still one of Apple’s most famous designs. It was smaller than other computer towers and the insides pulled out of the cube with a handle, which was easier than unscrewing the side of traditional computers. It also looked a heck of a lot cooler than most other computers.

iPod

Koichi Kamoshida | Getty Images

The iPod was first launched in 2001 and quickly became the must-have MP3 player. Unlike CD players, it allowed people to carry thousands of songs wherever they went. Like other iconic Jony Ive designs, part of its attraction was how easily people could scroll through long lists of songs using the wheel design.

iPhone

Steve Jobs shows off the first iPhone. SHAUN CURRY | AFP | Getty Images

In 2007, Apple turned the smartphone market — dominated by Microsoft, Palm, BlackBerry, Motorola and others — on its head with the release of the first iPhone. Its focus on ease-of-use, a premium design and a multi-touch display helped Apple quickly establish itself as a major player.

iPad

Apple’s iPad is displayed during the launch of Apple’s new tablet computing device in San Francisco. (Photo by Kimberly White/Corbis via Getty Images) Kimberly White | Corbis Historical | Getty Images

Microsoft and other companies had tried to sell tablets, but nobody was able to make them popular until Apple launched the iPad. Like the iPhone, Apple focused on ease-of-use, offering a large screen to browse the web, watch videos and flip through pictures, all things we take for granted today but that, in 2010, felt like magic on the first iPad.

MacBook Air

Apple CEO Steve Jobs smiles as he shows off the new Macbook Air an ultra portable laptop during his keynote speech at the MacWorld Conference & Expo in San Francisco, California, 15 January 2008. Tony Avelar | AFP | Getty Images

Apple had another win with the original MacBook Air. It was so thin that Steve Jobs introduced it by pulling it out of a manila envelope on stage, something no other mainstream laptop at the time could have fit into. Some design aspects, like the keyboard, were so good that most people wish Apple would ditch its current butterfly design for it on its modern laptops.

Apple Watch

Apple Watch Source: Apple Inc.

Today, you’d be hard pressed to walk down the block of a modern city and not see an Apple Watch on someone’s wrist. But before it was introduced, skeptics didn’t think Apple could pull people away from traditional timepieces. That changed once Apple introduced the Apple Watch, though, with its touch-screen display, convenient twist “Digital Crown” controls. And, importantly, it still looks like a relatively normal watch.

AirPods

Apple CEO Tim Cook discusses the AirPods at a media event in San Francisco on Sept. 7, 2016. Beck Diefenbach | Reuters

Here’s another win for Jony Ive. Bluetooth headphones were gaining in popularity a couple of years ago, but Apple entered the market and took control of it with the AirPods. Initially considered a bit silly looking, today they’re pretty much standard wear on fashionable people. Again, Ive’s focus on simplicity helped make them popular: just pop them in and you’re listening to music. Even the charging case — itself a brilliant design choice — has an addictive click mechanism.

Apple Park, the company’s new office campus

Apple Park Courtesy of Apple


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: todd haselton
Keywords: news, cnbc, companies, mac, jony, getty, designs, watch, design, ive, products, san, apples, iconic, designed, apple


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