These 10 cities could lose $34 billion-plus in housing to coastal floods by 2050

Within three decades more than 386,000 homes in coastal areas of the U.S. will be at risk of permanent submersion or regular flooding due to climate change, according to a recent study by real estate website Zillow and nonprofit weather news site Climate Central. About 40 percent of the American population may be affected to some degree. Those residences are collectively worth nearly $210 billion in 2018 dollars, according to Zillow; in the top 10 cities likely affected, losses could total more


Within three decades more than 386,000 homes in coastal areas of the U.S. will be at risk of permanent submersion or regular flooding due to climate change, according to a recent study by real estate website Zillow and nonprofit weather news site Climate Central. About 40 percent of the American population may be affected to some degree. Those residences are collectively worth nearly $210 billion in 2018 dollars, according to Zillow; in the top 10 cities likely affected, losses could total more
These 10 cities could lose $34 billion-plus in housing to coastal floods by 2050 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: kenneth kiesnoski, pickstock, getty images, sky noir photography bill dickinson, moment, denistangneyjr, denis jr tangney, matteo colombo, digitalvision
Keywords: news, cnbc, companies, billionplus, zillow, cities, billion, flooding, risk, climate, 2050, floods, homes, housing, lose, 34, worth, coastal, according, affected


These 10 cities could lose $34 billion-plus in housing to coastal floods by 2050

Within three decades more than 386,000 homes in coastal areas of the U.S. will be at risk of permanent submersion or regular flooding due to climate change, according to a recent study by real estate website Zillow and nonprofit weather news site Climate Central.

About 40 percent of the American population may be affected to some degree. Those residences are collectively worth nearly $210 billion in 2018 dollars, according to Zillow; in the top 10 cities likely affected, losses could total more than $34 billion. Things look even more grim further out in time: By 2100 some 2.5 million homes nationwide, worth about $1.3 trillion altogether, could be at risk if the scientific data and resulting computer models are correct.

Here are the 10 cities predicted to be worst affected by 2050, along with the amount of local housing affected by flooding and its value.

Source: Zillow.com


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: kenneth kiesnoski, pickstock, getty images, sky noir photography bill dickinson, moment, denistangneyjr, denis jr tangney, matteo colombo, digitalvision
Keywords: news, cnbc, companies, billionplus, zillow, cities, billion, flooding, risk, climate, 2050, floods, homes, housing, lose, 34, worth, coastal, according, affected


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How a ‘Deal or No Deal’ contestant who won $500 plans to turn that into a lot more—and give it away

Kristen “Tex” Iniguez, a cheerleader-turned-paralegal from California, won a modest $500 on “Deal or No Deal.” Now, she’s asking her friends if they can help her build on that for a good cause. She’s starting a scholarship for students at Miramar College in San Diego inspired by the memory of her friend Scott, who passed away in 2014. “Before I went into this, I definitely had intentions, no matter what I won, to start a scholarship fund for my friend,” Iniguez tells CNBC Make It. “This is the m


Kristen “Tex” Iniguez, a cheerleader-turned-paralegal from California, won a modest $500 on “Deal or No Deal.” Now, she’s asking her friends if they can help her build on that for a good cause. She’s starting a scholarship for students at Miramar College in San Diego inspired by the memory of her friend Scott, who passed away in 2014. “Before I went into this, I definitely had intentions, no matter what I won, to start a scholarship fund for my friend,” Iniguez tells CNBC Make It. “This is the m
How a ‘Deal or No Deal’ contestant who won $500 plans to turn that into a lot more—and give it away Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: shawn m carter
Keywords: news, cnbc, companies, lot, turn, iniguez, scholarship, contestant, memory, worth, deal, friend, went, won, away, 500, plans, moreand


How a 'Deal or No Deal' contestant who won $500 plans to turn that into a lot more—and give it away

Kristen “Tex” Iniguez, a cheerleader-turned-paralegal from California, won a modest $500 on “Deal or No Deal.” Now, she’s asking her friends if they can help her build on that for a good cause.

She’s starting a scholarship for students at Miramar College in San Diego inspired by the memory of her friend Scott, who passed away in 2014.

“Before I went into this, I definitely had intentions, no matter what I won, to start a scholarship fund for my friend,” Iniguez tells CNBC Make It. “He was like me: over the top, silly, funny, so much fun, so outgoing.” And more than anything, she recalls, he “brought us closer together.”

So when Iniguez opened the final briefcase worth $500, she knew she’d put the total towards his memory: “I get to give away this money,” she says, and “I’m going to invite everyone who came to the viewing party” to donate even more.

That way, “we can have this scholarship … every year,” she says. “This is the most proud I’ve been,” that “we’re all able to honor him.”


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: shawn m carter
Keywords: news, cnbc, companies, lot, turn, iniguez, scholarship, contestant, memory, worth, deal, friend, went, won, away, 500, plans, moreand


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Powerful winds send Amazon warehouse roof flying during storms

Powerful winds from an overnight storm sent the roof of an Irving Amazon fulfillment center flying into the air and onto cars parked below. It happened as a line of severe storms moved through North Texas between 4 and 6 a.m. Wednesday. Video captured outside the warehouse, located off Texas 114 near the north entrance of Dallas-Fort Worth International Airport, showed sheets of metal and debris wrapped around cars parked outside the building.


Powerful winds from an overnight storm sent the roof of an Irving Amazon fulfillment center flying into the air and onto cars parked below. It happened as a line of severe storms moved through North Texas between 4 and 6 a.m. Wednesday. Video captured outside the warehouse, located off Texas 114 near the north entrance of Dallas-Fort Worth International Airport, showed sheets of metal and debris wrapped around cars parked outside the building.
Powerful winds send Amazon warehouse roof flying during storms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: peter endig, afp, getty images
Keywords: news, cnbc, companies, warehouse, send, winds, texas, outside, storms, north, powerful, parked, wrapped, worth, wednesdayvideo, cars, roof, amazon, flying


Powerful winds send Amazon warehouse roof flying during storms

Powerful winds from an overnight storm sent the roof of an Irving Amazon fulfillment center flying into the air and onto cars parked below.

It happened as a line of severe storms moved through North Texas between 4 and 6 a.m. Wednesday.

Video captured outside the warehouse, located off Texas 114 near the north entrance of Dallas-Fort Worth International Airport, showed sheets of metal and debris wrapped around cars parked outside the building.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: peter endig, afp, getty images
Keywords: news, cnbc, companies, warehouse, send, winds, texas, outside, storms, north, powerful, parked, wrapped, worth, wednesdayvideo, cars, roof, amazon, flying


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Powerful winds send Amazon warehouse roof flying during storms

Powerful winds from an overnight storm sent the roof of an Irving Amazon fulfillment center flying into the air and onto cars parked below. It happened as a line of severe storms moved through North Texas between 4 and 6 a.m. Wednesday. Video captured outside the warehouse, located off Texas 114 near the north entrance of Dallas-Fort Worth International Airport, showed sheets of metal and debris wrapped around cars parked outside the building.


Powerful winds from an overnight storm sent the roof of an Irving Amazon fulfillment center flying into the air and onto cars parked below. It happened as a line of severe storms moved through North Texas between 4 and 6 a.m. Wednesday. Video captured outside the warehouse, located off Texas 114 near the north entrance of Dallas-Fort Worth International Airport, showed sheets of metal and debris wrapped around cars parked outside the building.
Powerful winds send Amazon warehouse roof flying during storms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: peter endig, afp, getty images
Keywords: news, cnbc, companies, north, wrapped, amazon, texas, powerful, outside, winds, roof, flying, worth, send, warehouse, storms, cars, wednesdayvideo, parked


Powerful winds send Amazon warehouse roof flying during storms

Powerful winds from an overnight storm sent the roof of an Irving Amazon fulfillment center flying into the air and onto cars parked below.

It happened as a line of severe storms moved through North Texas between 4 and 6 a.m. Wednesday.

Video captured outside the warehouse, located off Texas 114 near the north entrance of Dallas-Fort Worth International Airport, showed sheets of metal and debris wrapped around cars parked outside the building.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: peter endig, afp, getty images
Keywords: news, cnbc, companies, north, wrapped, amazon, texas, powerful, outside, winds, roof, flying, worth, send, warehouse, storms, cars, wednesdayvideo, parked


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US Treasury yields move higher after Powell comments

Last week, data showed the world’s largest economy added just 20,000 jobs in February versus an expected gain of 180,000 — marking the weakest month of jobs creation since September 2017. The data come amid growing concern about the global economy. Data out of China last week showed its exports slumped 20.7 percent from a year earlier, far below analyst expectations and wiping out a surprise jump in January. On Monday, investors will keep an eye on more data out Monday, with retail sales out at


Last week, data showed the world’s largest economy added just 20,000 jobs in February versus an expected gain of 180,000 — marking the weakest month of jobs creation since September 2017. The data come amid growing concern about the global economy. Data out of China last week showed its exports slumped 20.7 percent from a year earlier, far below analyst expectations and wiping out a surprise jump in January. On Monday, investors will keep an eye on more data out Monday, with retail sales out at
US Treasury yields move higher after Powell comments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: matt clinch
Keywords: news, cnbc, companies, yields, showed, jobs, week, economy, powell, treasury, billion, comments, notes, worlds, data, worth, world, higher


US Treasury yields move higher after Powell comments

Last week, data showed the world’s largest economy added just 20,000 jobs in February versus an expected gain of 180,000 — marking the weakest month of jobs creation since September 2017.

The data come amid growing concern about the global economy. Data out of China last week showed its exports slumped 20.7 percent from a year earlier, far below analyst expectations and wiping out a surprise jump in January.

On Sunday, Fed Chair Powell told “60 Minutes” that he thinks the U.S. economy is still strong, though he acknowledged that weakness around the world could start to hit the U.S.

“I would say there’s no reason why this economy cannot continue to expand,” he said.

On Monday, investors will keep an eye on more data out Monday, with retail sales out at 8:30 a.m. ET and business inventories at 10:00 a.m. ET.

Also on Monday, the Treasury is set to auction $48 billion worth of 13-week notes, $39 billion worth of 26-week notes and $38 billion worth of three-year notes.

—CNBC’s Spriha Srivastava contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: matt clinch
Keywords: news, cnbc, companies, yields, showed, jobs, week, economy, powell, treasury, billion, comments, notes, worlds, data, worth, world, higher


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Cramer’s game plan: Friday’s rebound is something to celebrate going into next week

The market rebound on Friday is worth celebrating given that Wall Street had its worst week of 2019, CNBC’s Jim Cramer said. Businesses added 20,000 jobs in February, far short of the 170,000 that economists forecast, but the market shrugged it off, he said. “I think, on some level, there’s an understanding that this hiring data is just not representative. Global headwinds — including U.S.-China trade, Brexit and weakness in Europe — are still present but the consumer appears to remain confident


The market rebound on Friday is worth celebrating given that Wall Street had its worst week of 2019, CNBC’s Jim Cramer said. Businesses added 20,000 jobs in February, far short of the 170,000 that economists forecast, but the market shrugged it off, he said. “I think, on some level, there’s an understanding that this hiring data is just not representative. Global headwinds — including U.S.-China trade, Brexit and weakness in Europe — are still present but the consumer appears to remain confident
Cramer’s game plan: Friday’s rebound is something to celebrate going into next week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: tyler clifford
Keywords: news, cnbc, companies, rebound, weather, market, wall, worth, celebrate, cramer, week, game, plan, going, fridays, understanding, worst, uschina, cramers, weakness


Cramer's game plan: Friday's rebound is something to celebrate going into next week

The market rebound on Friday is worth celebrating given that Wall Street had its worst week of 2019, CNBC’s Jim Cramer said.

Businesses added 20,000 jobs in February, far short of the 170,000 that economists forecast, but the market shrugged it off, he said. The Dow Jones Industrial Average originally fell 221 points before closing less than 23 under, while the S&P 500 and Nasdaq both slipped more or less 0.20 percent.

“I think, on some level, there’s an understanding that this hiring data is just not representative. The numbers were severely distorted by both the government shutdown and the terrible weather,” the “Mad Money” host said, explaining that Costco delivered strong quarterly earnings but blamed bad weather on why it didn’t do even better.

Additionally, Cramer said the federal Labor Department has a history of poorly handling the payroll data.

Global headwinds — including U.S.-China trade, Brexit and weakness in Europe — are still present but the consumer appears to remain confident, Cramer said.

Here’s his game plan for the week ahead:


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: tyler clifford
Keywords: news, cnbc, companies, rebound, weather, market, wall, worth, celebrate, cramer, week, game, plan, going, fridays, understanding, worst, uschina, cramers, weakness


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Investor Jeremy Grantham: You have to tax the super rich

The U.S. should increase taxes on the wealthy as the disparity between the rich and poor has reached extreme levels, investor Jeremy Grantham said Thursday. Grantham also said the wealth inequality in the U.S. is approaching that of countries like Brazil and Chile. Sen. Bernie Sanders, D-VT, wants to raise estate taxes for rich heirs and Sen. Elizabeth Warren, D-Mass., has proposed an “ultra-millionaire” tax. Those pushing back against wealth taxes argue they could discourage innovation and pote


The U.S. should increase taxes on the wealthy as the disparity between the rich and poor has reached extreme levels, investor Jeremy Grantham said Thursday. Grantham also said the wealth inequality in the U.S. is approaching that of countries like Brazil and Chile. Sen. Bernie Sanders, D-VT, wants to raise estate taxes for rich heirs and Sen. Elizabeth Warren, D-Mass., has proposed an “ultra-millionaire” tax. Those pushing back against wealth taxes argue they could discourage innovation and pote
Investor Jeremy Grantham: You have to tax the super rich Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: fred imbert, source, the years project
Keywords: news, cnbc, companies, grantham, super, warren, investor, wealth, taxes, poor, rich, jeremy, wealthy, worth, income, tax


Investor Jeremy Grantham: You have to tax the super rich

The U.S. should increase taxes on the wealthy as the disparity between the rich and poor has reached extreme levels, investor Jeremy Grantham said Thursday.

“I arrived in 1964, and America was a fairly equal place with fairly rapid mobility between socioeconomic classes,” Grantham, an investor who manages more than $100 billion in assets at GMO and is famous for calling the last two market bubbles, told CNBC’s Wilfred Frost. “Now it’s worse than the U.K. I mean, who would’ve imagined that in 1964. We have one of the most unequal countries in the developed world.”

Grantham also said the wealth inequality in the U.S. is approaching that of countries like Brazil and Chile. “So we have a dreadfully unequal society where the average worker, for an average hour’s work, has not made much increase in real income since the mid-1970s, for heaven’s sake.”

According to a report from the Institute for Policy Studies, Amazon founder Jeff Bezos, Microsoft co-founder Bill Gates and legendary investor Warren Buffett — the three richest people in the world— have more wealth than half the U.S. population.

This issue has gained more attention recently as some lawmakers push for higher taxes on the wealthy. Rep. Alexandria Ocasio-Cortez, D-NY, proposed a marginal tax rate of 70 percent on annual income staring at $10 million. Sen. Bernie Sanders, D-VT, wants to raise estate taxes for rich heirs and Sen. Elizabeth Warren, D-Mass., has proposed an “ultra-millionaire” tax.

Those pushing back against wealth taxes argue they could discourage innovation and potentially hurt economic growth in the long run.

But Grantham, who is donating more than 90 percent of his net worth to environmental initiatives, thinks such a levy is necessary. “You need to distribute the income more evenly. The concentration of income and wealth, in particular in the top .01 and .1 and 1 percent has just alarmingly increased.”

“It is, amazingly, economically ineffective,” he added. “Rich people don’t spend their marginal dollars. Poor people spend them instantly. You get a healthier economy if more of the pool goes to the poor than does today. So yes, you have to tax the better off, particularly the super rich.”

Grantham’s net worth is roughly $1 billion.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: fred imbert, source, the years project
Keywords: news, cnbc, companies, grantham, super, warren, investor, wealth, taxes, poor, rich, jeremy, wealthy, worth, income, tax


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LeBron James beats Michael Jordan’s NBA points but short on net worth

LeBron James passed basketball legend Michael Jordan to move into fourth place on the NBA career points-scoring list on Wednesday night. James personal achievement of 31 points for the Lakers’ on Wednesday wasn’t enough to prevent a 115-99 loss to the Denver Nuggets, but was more than consoled by bettering Jordan’s career points total of 32,292 points. “(I) wanted to be like MJ, wanted to shoot fadeaways like MJ, wanted to stick my tongue out on dunks like MJ, wanted to wear my sneakers like MJ.


LeBron James passed basketball legend Michael Jordan to move into fourth place on the NBA career points-scoring list on Wednesday night. James personal achievement of 31 points for the Lakers’ on Wednesday wasn’t enough to prevent a 115-99 loss to the Denver Nuggets, but was more than consoled by bettering Jordan’s career points total of 32,292 points. “(I) wanted to be like MJ, wanted to shoot fadeaways like MJ, wanted to stick my tongue out on dunks like MJ, wanted to wear my sneakers like MJ.
LeBron James beats Michael Jordan’s NBA points but short on net worth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: adam reed, gary a vasquez, usa today sports, vince bucci, afp, getty images, anthony devlin, catherine steenkeste, andrew toth, filmmagic
Keywords: news, cnbc, companies, beats, mj, look, points, net, michael, lebron, total, nba, wanted, jordans, career, worth, needed, short, james


LeBron James beats Michael Jordan's NBA points but short on net worth

LeBron James passed basketball legend Michael Jordan to move into fourth place on the NBA career points-scoring list on Wednesday night.

His teammates congratulated him, a tribute video played, and at the next timeout James sat emotional and alone on the bench with his face covered by a towel.

“I don’t know, man, a lot of the stuff I’ve done in my career, this ranks right at the top,” the 34-year-old said after the game. “For a kid from Akron, Ohio, that needed inspiration, needed some type of positive influence, MJ was that guy for me.”

James personal achievement of 31 points for the Lakers’ on Wednesday wasn’t enough to prevent a 115-99 loss to the Denver Nuggets, but was more than consoled by bettering Jordan’s career points total of 32,292 points.

“(I) wanted to be like MJ, wanted to shoot fadeaways like MJ, wanted to stick my tongue out on dunks like MJ, wanted to wear my sneakers like MJ. I wanted kids to look up to me at some point like MJ,” said James after the game.

“It’s crazy, to be honest. It’s beyond crazy.”

According to Forbes at the end of 2018, James has a total net worth of $450 million, which is still some way short of Michael Jordan’s total net value of almost $2 billion, although some estimates put both men’s figure even higher.

CNBC takes a look at how the dollars stack up.


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: adam reed, gary a vasquez, usa today sports, vince bucci, afp, getty images, anthony devlin, catherine steenkeste, andrew toth, filmmagic
Keywords: news, cnbc, companies, beats, mj, look, points, net, michael, lebron, total, nba, wanted, jordans, career, worth, needed, short, james


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8 secrets to getting everything you want in life

Many people only focus on their financial net worth. But to get everything you want in life, you need the right metric: your lifestyle net worth. Rank yourself on a scale of 1 to 10 in what I call the four pillars of the good life: health, wealth, love, and happiness. Your health net worth relates to your body. Average those four numbers and you get your lifestyle net worth.


Many people only focus on their financial net worth. But to get everything you want in life, you need the right metric: your lifestyle net worth. Rank yourself on a scale of 1 to 10 in what I call the four pillars of the good life: health, wealth, love, and happiness. Your health net worth relates to your body. Average those four numbers and you get your lifestyle net worth.
8 secrets to getting everything you want in life Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: the oracles, credit, mary delaney, source, tony robbins
Keywords: news, cnbc, companies, lifestyle, right, wealth, love, net, getting, life, worth, financial, secrets, focus, health


8 secrets to getting everything you want in life

“It’s not just procrastination and inaction that throw us off in life. It’s also action toward the wrong goal. Many people only focus on their financial net worth. But to get everything you want in life, you need the right metric: your lifestyle net worth.

You can easily calculate yours right now. Rank yourself on a scale of 1 to 10 in what I call the four pillars of the good life: health, wealth, love, and happiness. Your health net worth relates to your body. Wealth is your financial net worth. By love, I mean friends, family, and romance. Finally, how happy are you? How calm are you when you wake up? How much stress do you experience? Average those four numbers and you get your lifestyle net worth. That’s the number you should focus on.”

—Tai Lopez, investor and advisor to multiple multimillion-dollar businesses, who has built an eight-figure online empire; connect with Tai on Snapchat, Facebook, Instagram, or YouTube


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: the oracles, credit, mary delaney, source, tony robbins
Keywords: news, cnbc, companies, lifestyle, right, wealth, love, net, getting, life, worth, financial, secrets, focus, health


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