Stock Movers: Nike, Nvidia, AUB
On this episode of Stock Movers: - Nike (NKE) shares are on the upswing this morning after forecasting a smaller-than-expected drop in revenue for the current quarter, a sign that the sportswear company's earnings trend may have hit an inflection point, analysts say. That comes after a string of strategic moves from CEO Elliott Hill, including a refocusing on sports and a cleanup of inventories. - Nvidia (NVDA) shares are rising as it is close to becoming the first company to reach a $4 trillion market capitalization, after its shares rallied back to a record following a plunge earlier this year. The company's biggest customers, including Microsoft, Meta, Amazon, and Alphabet, are projected to increase their spending on computing infrastructure, with annual AI spending expected to rise to nearly $2 trillion by 2028. - Atlantic Union (AUB) shares are up after the bank said it sold about $2 billion of its performing commercial real estate loans to Blackstone.
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CBS News
18 minutes ago
- CBS News
How much credit card debt is too much for debt settlement?
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Debt settlement can offer significant relief to the right person, but there's a point when your debt might actually be too much for this approach. Getty Images There's no question that credit card debt has become a major issue over the last few years, with the total amount of credit card debt nationwide now sitting at a staggering $1.17 trillion. That equates to the typical cardholder owing about $8,000 at a time when the average credit card rate is nearly 22%. But for many households, these figures aren't just statistics. They represent a growing financial burden, one that's making it harder to stay current on their monthly card payments. As a result, many of the people who are struggling to pay down their card debt are now opting to explore their options for relief. While there are numerous debt relief strategies to consider, debt settlement, also known as debt forgiveness, can offer significant relief by allowing you to negotiate with creditors to try and settle for less than what you owe. That approach can work well for some, especially when balances are high and repayment options are limited. There's a catch, though. At a certain point, your debt may actually be too large for settlement to be effective. So, how do you know when you've crossed that threshold? Below, we'll detail what to consider before going all in. Start tackling your high-rate credit card debt today. How much credit card debt is too much for debt settlement? There's no hard cap on the amount of credit card debt that can be settled. In theory, you can try to settle $5,000 or $150,000 in credit card debt. But in practice, once you hit a certain threshold — usually around $100,000 — the risks and limitations of debt settlement become more pronounced. Why does this happen? There are a few key reasons: Creditors are less flexible when the stakes are higher If you owe one creditor $30,000 or more, they may be less willing to settle, especially if they believe they can recover the full amount through a lawsuit or collections. The bigger the balance, the more motivated they may be to go after you through legal means rather than negotiation. Explore your debt relief options and find the right strategy now. You need enough income to fund a settlement Debt settlement typically involves stopping payments while you save up enough money to fund lump-sum settlement offers. But the more debt you have, the more money you'll need to save — and fast. If you're settling $100,000 worth of credit card debt, for example, you may need to come up with $50,000 to $70,000 in a matter of months or a few short years. For many people, that's just not a realistic goal. The fees can get steep With a high amount of card debt, it makes sense to work with a debt relief company on your settlements. After all, their negotiation expertise and creditor relationships may come in handy when trying to settle big balances. However, most debt relief companies charge fees of between 15% to 25% of the enrolled debt in return for the work they do. So, if you're trying to settle $120,000 in credit card debt, you could be looking at $18,000 to $30,000 in debt relief fees alone. That doesn't include taxes you may owe on forgiven debt. The timeline can stretch out too long Settling a small amount of debt — let's say $15,000 — might take 24 to 48 months. But if you're trying to settle $100,000 or more, you're probably looking at a program that lasts five years or longer. That's five years of missed payments, credit damage and potential collection lawsuits. So what's the ideal range? Debt settlement tends to work best for people with between $7,500 and $75,000 in unsecured debt who have already fallen behind on payments and don't have the income or credit to qualify for debt consolidation loans. Once your debt exceeds $100,000, settlement can still be done, but it may not be the most efficient or cost-effective option. What are the debt settlement alternatives? Debt settlement can be useful, but it's not the only option, and may not be the best first step. Here are some alternatives worth considering: The bottom line Debt settlement can be a powerful tool, and if you're carrying $10,000 to $75,000 in credit card debt and are already behind on payments, it might be worth exploring. But if your balances are soaring past the $100,000 mark, the math starts to work against you. At a certain point, trying to settle huge balances can leave you facing high fees and potential lawsuits, all with no guarantee of success. In those cases, other types of debt relief may offer faster, cheaper, and more permanent solutions. The key is understanding what's available to you and choosing the solution that fits your financial reality — not just the one that sounds best in theory.
Forbes
21 minutes ago
- Forbes
Why Amazon's Move Into Rural America Can't Cut Walmart's Retail Lead
SANTA FE, NEW MEXICO - APRIL 5, 2020: An Amazon Prime package delivered to a mailbox by a U.S. ... More Postal Service mailman in Santa Fe, New Mexico. (Photo by) Amazon just announced that it is expanding same-day and next-day deliveries to customers in more than 4,000 smaller cities, towns and rural communities by the end of 2025. This comes on the heels of a 30% increase in same or next-day delivery so far this year compared with same period last year. Touting speedier delivery to customers in North Padre Island, TX, Asbury, IA, Lewes, DE, Sharpton, MD, Fort Seneca, OH and other locations further afield, Amazon will invest over $4 billion to triple the size of its delivery network by the end of next year. It will transform existing rural delivery stations into hybrid hubs that will store location-specific inventory. This move will also create an average of 170 local jobs per hub, plus additional driving opportunities for independent contractors. In an unexpected twist, Amazon is copying Walmart, instead of the other way around. One of Walmart's competitive strengths is its foothold in rural America. With over 90% of Americans living within ten miles of a Walmart store, the company is now able to deliver food, general merchandise, and prescriptions to 93% of the U.S. in less than three hours. This reach has powered its e-commerce business to over 20% growth annually for the past two years. Battle For Market Share While Amazon is the undisputed leader in e-commerce, with an estimated 42% market share compared to Walmart's 9.4% in 2024, Walmart's share grew by 1.2% over the previous year, outpacing Amazon's 0.8% gain, according to BofA Global Research. And with growth in e-commerce slowing – advancing over 10% in 2021 and 2022, then subsiding to 8.1% in 2024 and 6.4% through May this year – the competition between the two giants is intensifying. Walmart has been moving aggressively to play catch-up online, but with over 4,600 stores in the U.S., it has an advantage that Amazon can't begin to match. Thanks to its physical connection with customers, it has much more room to maneuver. In effect, Walmart is playing chess and Amazon is playing checkers. Building Omnichannel Bridges Walmart's omnichannel customers shop three-times more often and spend 13% more per order. And the new Walton Goggins 'Walmart. Who Knew?' ad campaign is sure to attract more customers to engage online. Its latest iteration features Goggins in cowboy gear talking to his horse in a barn right out of Yellowstone, and it takes a not-so-subtle jab at Amazon. 'They don't know the first thing about you or Walmart Plus.' Walmart+ is its answer to Amazon Prime. For $98 per year, Walmart+ members get free shipping on all Walmart orders, as well as free direct delivery from the local store on orders of $35 or more, with deliveries scheduled to meet the customer's timeline. However, there is no minimum on delivery for pharmacy orders. Walmart+ stands behind members with free online pet services through Pawp and free flat tire repair and road hazard warranty for customers who purchase and install a set of tires at Walmart. Members also get Walmart cash rebates on travel services. Other benefits include gasoline discounts at over 13,000 stations nationwide, including Exxon, Mobil and Walmart, and a 25% discount at Burger King and a free Whopper with any purchase every three months. While Walmart+ can't match Amazon Prime's entertainment offerings, it does provide streaming services from Paramount+ and ad-free content with Pluto TV. Membership Shortfall Amazon Prime is way out in front when it comes to memberships, with an estimated 85.7 members and according to Capital One, memberships grew from 76.6 million in 2022 even after Prime memberships went up to $139 per year. Walmart+ has a long way to go to catch up. Morgan Stanley estimates its membership between 17.2 million to 24.6 million based on results of a consumer survey. The company does not release membership figures, though the company has commented that memberships are growing at high double-digit rates. However, Amazon has been pushing Prime far longer. It launched in 2005 and Walmart+ a mere five years ago. Best Of Both World's Increasingly, consumers are opting for both membership plans. Pyments found nearly 25% of consumers have memberships in both plans as of April 2025 with dual memberships highest among Millennials at 37%. Overall, about 30% of U.S. consumers have yet to sign on to either service, based upon a survey same of 2,000 adults. The highest non-participation rate is among Baby Boomers at 42%. These nones are the prime battleground – pun intended – for both competitors. Interestingly, Pyments found brand loyalty strongest among Walmart+ members. Some 11% of Amazon Prime-only members made their last retail purchase from Walmart, while no Walmart+ members returned the favor. While Amazon takes the lead in general merchandise purchases, accounting for some 73% of gross merchandise value, Walmart is catching up. Speaking at a recent Oppenheimer investor conference, CFO John David Rainey shared that about half of its GMV growth in general merchandise has been from its marketplace business. Overall Walmart's marketplace revenues grew 34% in the last fiscal year and Marketplace Pulse estimates there are 150,000 sellers on the platform. Dominating Grocery Walmart's dominance is most pronounced in grocery. Overall 60% of its e-commerce gross merchandise value is credited to grocery, whereas grocery accounts for only about 5% of Amazon's GMV. In Pyment's survey, only 1% of consumers surveyed who purchased groceries within the last 30 days, made their last purchase with Amazon, compared to 30% who bought from Walmart. And the rate of most recent grocery purchases among Walmart+ members reached nearly 60% and among nones, some 24% purchased groceries from Walmart. Amazon has yet to crack the code in grocery, not for lack of trying with its new grocery subscription offering and acquisition of Whole Foods. It's an advantage that Walmart will continue to capitalize on. 'If you can attract a customer to come into your website or your store to buy groceries, it's so much easier to sell them other things, whether a T-shirt, furniture, whatever it is,' shared CFRA investment analyst Arun Sundaram with Investor's Business Daily. That's why Walmart is going to stay in the lead against Amazon. Even while Amazon dominates in e-commerce, that channel accounts for only about 30% of retail sales and online sales growth is slowing. Walmart operates where consumers still overwhelmingly shop – in physical stores. And it offers digital experiences that are catching up to Amazon's and are even better for online grocery customers far and wide. Walmart is truly an omnichannel retailer and Amazon can hardly say the same.
CNET
22 minutes ago
- CNET
Best Cheap Mattresses on Walmart for 2025
A glimpse into one of the large storage spaces at our testing facility. Aly Lopez/CNET CNET's team of sleep experts has spent years testing, reviewing, cutting open and researching beds. Collectively, we've tested well over 300 beds. All the testing happens in our 6,000-square-foot mattress warehouse in Reno, Nevada, which includes two mock bedrooms we use to film our reviews and test beds. Our testing approach to mattresses is very hands-on and involves analyzing a bed's construction, feel and firmness. We make sure every bed gets multiple points of view from our entire team to ensure we're best representing different genders, body types and sleeper needs. Firmness and feel The Mattress Smasher tests the firm side of the Plank Firm mattress. Aly Lopez/CNET The first and arguably most important factor we look for when we test a bed is how it feels and how firm it is. These are some of the most subjective factors in mattress testing. They depend on your body weight or how much pressure you put on the bed. Through the years, we've found that our experience doesn't always match a brand's website. To test firmness, we have every lie on the bed in different positions, compiling the data to compare it to other beds we've tested. We note how it feels on our backs, and pressure points like the shoulders, hips and knees. Once we feel comfortable with our experience with the bed and have recorded our subjective firmness, we pass the bed off to the Mattress Smasher 9000. The MS9k is a proprietary machine built by the CNET Labs team. This gives us an objective numerical value for firmness across every bed we test. Motion isolation I often describe motion isolation as how well a bed dampens movement across the surface, aka, can you feel someone move around next to you? This is a huge factor that couples need to consider when choosing their next bed. To test motion isolation, I would lie on the bed and close my eyes while someone else moved around on the other side of the bed. Then, I'd rate how much I can feel their movement. Testing the motion isolation with a glass of water on the end and flopping around. It passed. Dillon Lopez/CNET Next, we perform the classic water glass test. It involves setting a glass of water on the edge of a bed and rolling toward and away from it. We note how much the water sloshes in the glass. Traditionally, memory foam tends to do the best in this area. Edge support Edge support refers to the strength of the bed's perimeter. This is important for people who sleep on the edge of the bed or have mobility issues that make it difficult to get in and out of bed. To test a bed's edge support, we lie on the edge and measure how much it compresses under our weight. It receives a low score if it feels like we might slide off. Hybrid beds with reinforced edges tend to do the best in this area. Temperature Temperature control is one of the most sought-after features in mattresses. Hot sleepers need cooling tech to ensure their body heat doesn't interrupt their sleep. Unfortunately, there is no threshold that mattresses must reach for a brand to slap a cooling label on a bed. In my experience, only a handful of beds are actually going to move the needle in this area. Most are just marketing. Part of the testing includes removing the mattress cover and analyzing its interior construction and materials. Dillon Lopez/CNET While testing a bed, we rank its cooling and note what cooling features are included in the construction, like a special cover or gel-infused foam layers. Some beds, like Purple, have an interesting construction that helps them sleep temperature-neutral, which is good for hot sleepers, but I don't consider it to be truly cooling. We also test beds in a temperature-controlled room to ensure we're always getting a consistent experience across beds.
