Once a stock market darling, Beyond Meat’s sales have started to decline in the last year. The company had pursued growth, but struggled to execute its vision, leading to a series of production missteps and mounting expenses. WSJ explains what went wrong.
Bruce Campbell, 73, lives in a Boeing 727 200-passenger jetliner that is 1,066 square feet and weighs around 70,000 pounds. He bought the plane for $100,000 in 1999 and spends $370/month on property taxes and electricity.
Unlocked is a new home tour series focused on how much people across the U.S. spend on their housing, what they get for the money and what they had to sacrifice to make it happen.
Dunkin’ started out as a small doughnut-and-coffee shop in Massachusetts in 1948 and has grown to over 12,000 stores in 40 countries. WSJ’s Heather Haddon explains why the company chose to focus on drinks – not doughnuts.
Amberly Grant, 34, vowed to be a millionaire after reading her first finance book at age 15. Then, in college, she discovered the FIRE movement, which stands for financial independence, retire early, and began working toward her dream of retiring early. Living in Denver, she was hired as a full-time project manager, started investing in real estate and launched a financial education side hustle. Today, Grant has accumulated a net worth of $835,000, and recently welcomed her first child.
In China, the ‘bailan’ movement - similar to quiet quitting - is about giving up on trying to get anywhere, and the motto of ‘let it rot’. It runs counter to the 996 work culture that’s a reference to the practise of working from 9am to 9pm, six days a week.
Zhang Yingqiu, 32, is an insurance agent who, though she stops short of working 996, agrees with its ethos of hard work being fulfilling. Wang Shuai, 26, is an escape room actor who does just enough at work to get by and believes in “lying flat”.
Chip giant Advanced Micro Devices made history this year when it surpassed Intel by market cap for the first time ever. Intel has long held the lead in the market for computer processors, but AMD’s been on the rise since it acquired adaptive chip company Xilinx in February for $49 billion. Now, AMD chips are in two Tesla models, NASA’s Mars Perseverance land rover, 5G cell towers and the world’s fastest supercomputer. CNBC sat down with CEO Lisa Su to hear about AMD’s remarkable comeback, huge bets on new types of chips in the face of a PC slump, new restrictions on exports to China, and shifting industry trends.
When will soaring inflation finally come to an end? Economists weigh what's ahead and provide their valuable insights into what's in store for 2023.
It's the question on the minds of market watchers, economists and consumers alike: When will sky-high prices fall back down to Earth? There are hints that the worst of the U.S.'s bout with inflation may be in the past. Still, some experts are concerned that the historic pace of interest rate hikes from the Fed, aimed at cooling down the hot economy, could spur a recession once the dust settles.
"It's probably going to be lower next year. How much lower is it? We're not quite sure. Inflation can be very hard to predict," Kevin Kliesen, business economist and research officer at the Federal Reserve Bank of St. Louis, told CNBC in an interview.
Watch the video above to find out when experts think high inflation could finally come to an end, and whether the U.S. will need to enter a recession to get there.