The U.S. government is buying up and destroying American homes. Homeowners in the floodplain are choosing to voluntarily sell their doomed properties to the government. Watch the full video to find out how floodplain buyouts work and if they are helping or hurting American homeowners: https://youtu.be/X0Ur7duId_Q

Across the U.S., hundreds of small and regional banks are feeling stressed and may be at risk of failure. Of about 4,000 U.S. banks analyzed by the Klaros Group, 282 banks face stress from commercial real estate exposure and potential losses tied to higher interest rates. Most banks facing risks are categorized as small, or community, banks. Though the risk is less systemic compared to the Big Banks, community and regional banks are an important source of credit to local businesses and governments. “There’s no doubt in my mind there’s going to be more bank failures,” former chair of the U.S. Federal Deposit Insurance Corporation Sheila Bair told CNBC. Watch the video to learn more about the risk of commercial real estate, the role of interest rates on bank balance sheets and what it may take to relieve stress on banks — from regulation to mergers and acquisitions. Chapters: 1:40 Chapter 1 - Stressed banks 4:56 Chapter 2 - Commercial real estate 6:21 Chapter 3 - ‘Unrealized’ losses 7:51 Chapter 4 - Rescuing banks 9:58 Chapter 5 - Regulation 11:57 Chapter 6 - Bank failures Produced and Edited by: Andrea Miller Reporting by: Hugh Son Animation: Christina Locopo Supervising Producer: Lindsey Jacobson Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Why Hundreds Of U.S. Banks Are At Risk Of Failing

A growing body of research shows how comments from Federal Reserve members move financial markets. Longterm transparency efforts from the Fed have resulted in more communication with the public today than ever before. But some argue that the Fed's communication and forecasting framework may be contributing to undue market volatility. When it comes to "Fed speak," how much is too much? Produced by Merritt Enright Edited by: Kevin Heinz Graphics: Jason Reginato and Christina Lopoco Supervising Producer: Jeff Morganteen Additional Footage: Getty Images, U.S. Federal Reserve, C-Span » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Fedspeak: Does The Federal Reserve Talk Too Much?

President Biden hasn’t not given up on the idea of free community college nationwide. Unlike student loan forgiveness, free college is a better way to combat the college affordability crisis, some experts say. Even though Biden has yet to make college tuition-free at the federal level, the number of statewide free-college programs is growing. For what the critics of free college have to say, read more:https://cnb.cx/448hJuJ

CNBC Marathon examines China’s crises, encompassing real estate collapse, population decline, and soaring urban youth unemployment. China is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations. The world's second-most populous country also has a major youth unemployment problem. China's urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier. China remains home to 1.4 billion people. But that number is getting smaller. The country's National Bureau of Statistics reported China's population slipped to 1.412 billion last year from 1.413 billion in 2021. The last time China saw negative population growth was in the 1960s. Many experts believe that China's one-child policy, introduced in the 1980s, is one of the main reasons for the population decline. China's real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called 'ghost cities' dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China's real estate crisis as a big reason why. Chapters: 00:00 Introduction 00:48 Why Youth Unemployment Is Surging In China (Published September 2023) 12:32 What China's Shrinking Population Means For The Global Economy (Published March 2023) 21:21 Will China's Real Estate Crisis Hit The Global Economy? (Published October 2023) Produced by: Christian Nunley, Anuz Thapa Narration by: Jordan Smith Additional Editing by: Kevin Heinz, Brad Howard, Jack Hillyer Graphics by: Christina Locopo, Jason Reginato Production Support: Kate Sammer Supervising Producer: Jeff Morganteen Additional Footage: Getty Images Additional Sources: Getty Images, Reuters » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC China’s Looming Crises | CNBC Marathon

Yesterday was the birthday of the shipping container, marking 68 years of containerization that transformed global trade. On April 26, 1956, the first shipping containers made their maiden voyage! ???? More on how shipping containers impact the global economy here: https://youtu.be/dfmEYpCHfCg

Despite blockbuster earnings from giants such as Alphabet and Microsoft, layoffs continue to ripple through the tech industry. Layoffs.fyi, a platform monitoring job cuts in the tech sector, recorded more 263,000 job losses in 2023 alone. As of April 2024, there have been more than 75,000 job losses in the industry so far. "So instead of rewarding the growth that we saw them all pursue years ago, they're now rewarding profit," said Jeff Shulman, professor at the University of Washington's Foster School of Business. "And so the layoffs have continued. People have become used to them. Regrettably and sadly, it seems that the layoffs are going to be the new normal." Even though mass tech layoffs continue to dominate headlines, the labor market still seems strong. The U.S. economy added 303,000 jobs in March, well above the Dow Jones estimate for a rise of 200,000, with the unemployment rate edged lower to 3.8%. According to Handshake, a popular free job posting site for college students and graduates, the tech layoffs have prompted new workers to seek other opportunities. The share of job applications from tech majors submitted to internet and software companies dropped by more than 30% between November 2021 and September of 2023. "Part of the reason why this is happening is because stability is such a major factor in students' decisions around what types of jobs they apply to and what types of jobs they accept," said Christine Cruzverga, chief education strategy officer at Handshake. "They're looking at the headlines in the news and they're paying attention to all of the layoffs that are happening in Big Tech, and that makes them feel unstable." Mass layoffs have eroded the shine of the tech industry, which is why workers are questioning whether getting a job in the tech industry should still be regarded as a 'dream job.' "For the people who are chasing like a tech dream job, I think keep your options open and be realistic," said Eric Tolotti, senior partner engineer at Snowflake, who got laid off from Microsoft in 2023. "Don't just focus on one company and feel like you have to get into that one company because it's the dream." Watch the video to learn about tech workers' sentiments, considerations for aspiring Big Tech employees, and more. Chapters: 0:00-03:11 Cold Open 03:11-05:11 Chapter 1: The golden age of tech jobs 05:11-07:22 Chapter 2: Start of tech layoffs 07:22-10:21 Chapter 3: Is tech’s shiny image eroding? 10:21-12:00 Chapter 4: What’s next? Produced by: Anuz Thapa Edited by: Kevin Heinz Narration by: Jordan Smith Graphics by: Christina Locopo, Jason Reginato Supervising Producer: Jeff Morganteen Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How Working For Google, Amazon, And Microsoft Lost 'Dream Job' Status

Spending cuts are abound in many U.S. cities as inflation lingers and pandemic-era stimulus dries up. At least 53 major cities have debt obligations that outstrip their assets, according to an estimate from Truth in Accounting. The group estimates higher debt burdens than many public officials report, due to allegedly underreported retiree benefits. The rising public debt may potentially leave future generations on the hook for financial decisions made by today's leaders. Correction (4/25/24): At 7:45 a previous version of this video incorrectly named the Mayor of Chicago. His name is Brandon Johnson. Chapters: 0:00-01:01 Cold Open 01:10-04:45 Chapter 1: Spending 04:45-06:53 Chapter 2: Management 06:53-08:39 Chapter 3: Credit ratings 08:39-10:46 Chapter 4: Federal help Produced and Edited by: Carlos Waters Animation: Christina Locopo, Jason Reginato Supervising Producer: Lindsey Jacobson Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC #CNBC Why U.S. Cities Are Going Broke

The EPA issued a new rule requiring water treatment facilities to remove some specific carcinogenic chemicals, commonly referred to as PFAS or “forever chemicals.” Compliance with the rule will cost about $1.5 billion annually, according to the EPA, but other research suggests compliance could cost closer to $3.8 billion annually: https://cnb.cx/4cR6HxU

The U.S. government is buying up and destroying American homes. Homeowners in the floodplain are choosing to voluntarily sell their doomed properties to the government. Since 1989, FEMA has helped fun around 45 to 50,000 home buyouts. FEMA is estimated to have spent somewhere around $4 billion on the project so far but that’s just a fraction of the total amount spend on buyouts, since there are programs outside of FEMA. But not everyone is convinced buyouts are a good idea. Watch the video to find out how floodplain buyouts work and if they are helping or hurting American homeowners. Chapters: 0:00 Introduction 1:39 How buyouts work 6:15 Costs 12:10 Managed retreat Produced and Edited by: Lindsey Jacobson Animation: Christina Locopo, Jason Reginato Additional Camer by: Andrea Miller Editorial Assistance from: Katherine Tarasov, Charlotte Morabito Additional footage: Getty Images, New Jersey Department of Environmental Protection, WCAU, Charlotte-Mecklenburg County, WOWT, Andrea Jones Additional sources: FEMA, Congressional Research Service Special Thanks to: John Wendel, Debra Schooley, Doris Breitfeller, Jonathan Altino » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC #CNBC Why The U.S. Government Is Buying And Destroying Homes

Royal Caribbean is leading the $61 billion cruise industry’s comeback. This comes just a couple of years after a 15-month pandemic era shutdown led to questions about whether the industry could ever recover. But the three public companies - Carnival, Royal Caribbean and Norwegian - are starting off 2024 with record breaking booking positions and pricing levels. Drawing younger audiences, smart cash management and strong pre-cruise spending have all been contributing factors. Chapters: 0:00 Introduction 1:15 The dark days 2:25 State of the industry 6:05 Making a comeback 8:15 Looking ahead Produced and Edited by: Ryan Baker Senior Managing Producer: Tala Hadavi Animation: Christina Locopo Camera by: Timothy Fadek Additional Footage: Royal Caribbean Group, Carnival, Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC #CNBC How Royal Caribbean And Carnival Made A Comeback

Here’s one question that seems to never go away: Who should pay on the first date? We asked sex and relationship therapist Dr. Carli Blau to weigh in — here’s what she said: https://cnb.cx/3Q6sGXU

The Bitcoin halving takes place roughly every four years, and the technical event cuts the reward pays out to miners for validating blocks of transactions. This creates a scarcity effect that could drive up the price of the cryptocurrency, while cutting miners’ revenue, meaning more efficient miners perform better post-halving. Watch the video above to learn more about what the halving means for both crypto markets, and for the bitcoin miners validating transactions on the network. Chapters: 0:00 - Bitcoin halving 0:36 - Market impact 4:45 - Mining impact Hosted by: Mackenzie Sigalos Produced by: Talia Kaplan, Tanaya Macheel, Jordan Smith Edited by: Kaan Oguz, Jordan Smith Supervising Producer: Jeff Morganteen Graphics by: Katie Evans Additional footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC #cnbc #crypto #bitcoin Crypto World: The Bitcoin Halving Is Set To Shake Up The Crypto’s Price And The Network’s Miners

Nearly half of parents with a child older than 18 provide them with at least some financial support, according to a recent report. For parents, however, supporting grown children can be a substantial drain at a time when their own retirement security is at risk. Here's how to create boundaries and figure out a balance: https://cnb.cx/3Tu6XeJ

More than half (52%) of Americans say they would need at least $100,000 a year to be financially comfortable, according to the August 2023 CNBC Your Money Survey. It’s becoming increasingly more difficult to achieve the American Dream, especially as younger generations are beginning their adulthood with thousands of dollars in student loans. Watch the video above to learn more about how much it costs to achieve the American Dream. Chapters: 0:00 Introduction 1:35 Cost of living 3:30 Rise in consumer debt 6:29 Changing American Dream Produced by: Charlotte Morabito Edited by: Nora Rappaport Animation: Jason Reginato, Christina Locopo Supervising Producer: Lindsey Jacobson Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC #CNBC Why A $100,000 Salary Can’t Buy The American Dream

Virgin Voyages is targeting a new type of traveler: remote workers. In March, the Miami-based cruise line owned by Sir Richard Branson introduced a month-long cruise called the “Scarlet Summer Season Pass.” It’s essentially four week-long cruises packaged together to appeal to remote workers who want to spend a month at sea in southern Europe. Read more here: https://cnb.cx/3U689W7

The EV revolution could bring more change to the automotive industry than since its founding, and the potential impact is a tempting proposition for entrepreneurs. But this business is not for the faint of heart and nothing like starting an app or a social media company. It takes billions of dollars to build factories, design vehicles, secure suppliers, comply with regulations and find a way to distribute and service cars. Many have dramatically underestimated the capital costs. Going public through Special Purpose Acquisition Companies, or SPACs, is one way to raise funds. Balancing the need to respect age old industry practices, while finding ways to innovate in a highly competitive market is a struggle. The few that have been successful so far, such as Tesla and BYD, are emulating some of the practices that helped automakers like Ford and General Motors emerge victorious from the industries first wave of consolidation in the early 20th century. But others like Fisker, Lordstown Motors, IndieEV and WM have failed or are at risk. Chapters: 00:00 - 01:24 Title card: Why so many EV companies fail 1:30 Chapter 1 - The potential 04:31 Chapter 2 - Money 07:34 Chapter 3 - Manufacturing 11:50 Chapter 4 - Vertical Integration Producer: Robert Ferris Editor: Darren Geeter Animation: Christina Locopo, Jason Reginato Senior Managing Producer: Tala Hadavi Additional footage: Getty Images, Tesla, Rivian, Canoo, Ford, Dyson, BYD, Lucid Motors Why So Many EV Companies Fail

President Joe Biden on Monday unveiled a new student loan forgiveness plan — and any of that relief dispensed in 2024 wouldn’t trigger a federal tax bill. But borrowers could still owe federal taxes on future forgiveness, experts say. Some states may also tax debt forgiveness received this year or in future years. Read more: https://cnb.cx/3vM5LdC

Some businesses using new artificial intelligence tools have reported big gains in labor productivity. These AI assistants, backed by some of the biggest names in tech, could someday change how work gets done in the U.S. As the technology shuffles up white-collar work in the U.S., some policymakers are pitching ideas like 32-hour work weeks and robot taxes. Meanwhile, other countries are banning high-risk uses of AI in sectors like education and financial services. Chapters: 0:00 Introduction 01:20 Chapter 1: Productivity and taxes 05:37 Chapter 2: Jobs 07:49: Chapter 3: Regulation Produced and Edited by: Carlos Waters Production assistance: Jack Hillyer Animation: Jason Reginato Supervising Producer: Lindsey Jacobson Additional Footage: Getty Images, U.S. Congress Additional Sources: The Brookings Institution, New York State Assembly, Nasdaq, National Bureau of Economic Research, New York Stock Exchange, Social Security Administration, TrackBill, White House » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC #CNBC How The U.S. Is Regulating AI

The American mall is alive and well. Department stores — which were historically the most important real estate in American malls — are a different story. U.S. department stores are struggling to compete against new online direct-to-consumer competitors and smaller brick-and-mortar retailers that have been able to keep up with the ever changing demand of consumers. And this is causing familiar retailers like JCPenney, Sears and Macy's to close, the latter of which recently announced it would close up to 150 stores. "The ones that are closing are underperforming or have lost their own way with the customer," said Michael Guerin, EVP of leasing at Macerich. "The brand is not working for one reason or another. So it's hardly impactful to us when you have an obsolete situation or a brand close." Top-tier malls, known as class-A malls, are pivoting toward an experiential model, replacing department stores with grocery stores, casinos, gyms, ice skating rinks and, in some cases, even residential apartments. The shift in strategy has been working. Malls have bounced back to near pre-pandemic occupancy levels as customers seek out experiences. Mall owners are also capitalizing on the omnichannel strategy bolstering stores' online presence in addition to their brick-and-mortar stores, creating a halo effect for retail sales. All malls aren't created equal, however. Lower-tier malls are feeling the effects of department store closures more acutely as inflation and economic pressures increasingly split consumers into two categories: luxury shoppers and discount shoppers. That's also causing a split in the fortunes of America's oversupply of malls, with affluent consumers flocking to higher-end malls, bargain-hunting shoppers heading to strip malls, and little left in the middle. "Those who are calling for the demise of the mall might have been premature. But stepping back, there are probably still too many malls in the country," said Haendel St. Juste, senior REIT analyst at Mizuho Securities. "There were, you know, last, by most estimates, around 1000 malls a few years back." Watch the video above to find out more about how malls survived the death of the department store. Chapters: 0:00 Introduction Ch. 1. The end of the anchor department store? Ch. 2. How malls pivoted Ch. 3. What’s next? Produced by: DeLon Thornton Edited by: Tim Hurt Graphics by: Christina Locopo Supervising Producer: Jeff Morganteen Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Iwblnk Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC #CNBC How U.S. Malls Survived The Death Of Department Stores