Video First

America's biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question. Over the last several years, companies such as Home Depot, Lowe's, Walmart, Best Buy, Walgreens and CVS have been sounding the alarm about organized bands of thieves who ransack their stores and resell the goods on online marketplaces. They've poured money into theft prevention strategies, such as plastic…

Businesses need to remain diligent in their diversity, equity and inclusion, or DEI, efforts as layoffs continue, according to McKinsey senior partner Shelley Stewart.In an interview with CNBC, Stewart warned that an increase in layoffs could pose a challenge to the DEI pledges that many businesses made following the murder of George Floyd by police.Since December 2020, the amount of money that companies publicly committed to racial equity has increased from $66 billion to $340 billion. However, "it has been challenging…

More than half of smartphone users in the U.S. are sending money via some sort of peer-to-peer payment service to send money to friends, family and businesses.Stocks of payment services like PayPal, which owns Venmo, and Block, which owns Cash App, boomed in 2020 as more people began sending money digitally.related investing newsZelle, which launched in 2017, stands out from the pack in a few ways. It's owned and operated by Early Warning Services, LLC, which is co-owned by seven of the big banks and it's not publicly…

The rise of pay transparency laws in the United States could change how the nation's workers negotiate their annual salaries in today's fast-changing labor market.As layoffs mount in the face of recession fears, the increased number of job seekers will be seeing more positions in states that mandate pay ranges be publicly listed. Colorado became the first state to require public disclosures of salary ranges in 2021. Now jurisdictions including Washington state, California, and New York City have taken up similar mandatory…

Struggling to find workers and eager to relieve staff from boring, repetitive tasks, fast-food restaurant chains are adding robots to their kitchens.Using artificial intelligence, computer vision technology and a mechanical arm, Miso Robotics' Flippy 2 has been deployed to Chipotle, White Castle and Wing Zone. White Castle said it plans to add 100 Flippy robots to work the fry station at its restaurants nationwide. "The tide has turned, this is no longer a question of are robotics coming to the industry," said Jake…

The food in your kitchen cabinets may not be what it seems."I guarantee you any time a product can be passed off as something more expensive, it will be. It's that simple," Larry Olmsted, author of "Real Food/Fake Food," told CNBC.Fraudsters motivated by economic gain secretly infiltrate the global food market through a variety of means, including counterfeits, dilutions, substitution and mislabeling.This not only harms consumers' wallets, but it also puts public health and safety at risk.Some estimates say food fraud…

It's a good idea to begin saving a small percentage of your salary as soon as possible. It's a simple way to ensure you're prepared for retirement.As a rule of thumb, most financial advisors suggest you save 10% to 15% of your earnings.Here's a case study assuming you start with no savings, plan to retire at 65 and have investments that earn 6% annually.If you want to retire with $2 million, you'll need to invest about 12% of a salary of $100,000 starting in your 20s. Waiting until you're older will require a larger…

Widespread medical debt is a uniquely American problem. Roughly 40% of U.S. adults have at least $250 in medical debt, according to a survey conducted by Kaiser Family Foundation."The history of medical debt is basically a history of the changing answer to the following question: When the patient can't pay the bill, who foots it?" said Dr. Luke Messac, an emergency physician at Brigham and Women's Hospital in Boston who is writing a book about the history of medical debt.As health-care prices rose over the past fifty…

Electric bikes are becoming increasingly popular around the world. In the U.S. e-bike sales are outpacing electric and hybrid cars combined, according to the Light Electric Vehicle Association."The level of ridership has almost doubled or more every year since 2015," said Mike Radenbaugh, the founder and chairman of Rad Power Bikes. "And we see no slowing of that in the years forward as we look at fuel prices increasing and other challenges to transportation only getting worse."This trend is in large part due to the…

In 2022, the Tennessee Titans of the NFL unveiled their plans for a new stadium in the heart of Nashville. The 1.7 million-square-foot stadium can house 60,000 screaming football fans and is estimated to cost $2.1 billion.The public would fund more than half of the stadium through a one-time contribution from the state of $500 million and $760 million through revenue bonds issued by Nashville's Metropolitan Sports Authority.Since 2000, public funds diverted to helping build professional sports stadiums and arenas have…