CNBC
Why Widespread Tech Layoffs Keep Happening Despite A Strong U.S. Economy
- Title
- Why Widespread Tech Layoffs Keep Happening Despite A Strong U.S. Economy
- Date posted
- 2 months ago
- Description
- The tech sector is having a big 2024. Nvidia just crushed earnings expectations. The AI boom remains in full swing. The tech-heavy Nasdaq index is up more than 8 percent year-to-date.
The U.S. economy is also doing surprisingly well, adding 353,000 jobs in January, well ahead of economists' forecasts. Hotter-than-expected inflation data may also keep the Fed from cutting rates as soon as the market expects, a sign that the economy remains strong enough to support higher interest rates for longer. It's a different story for tech workers, though.
"The layoffs to the start of 2024 signal a dramatic shift in the tech industry," said Jeff Shulman, professor at the University of Washington's Foster School of Business. "We're going to continue to see layoffs happen as the future of work has changed, as the future of technology has changed, and as investors appetite for risk and growth versus profitability has dramatically changed as well."
The number of ...
- Title
- Insurers such as State Farm and Allstate are leaving fire and flood prone areas #Shorts
- Date posted
- 2 months ago
- Description
- Major insurers like State Farm and Allstate are no longer offering new policies in California. State Farm attributes this to increased wildfire risk, inflation and other challenges in the region. Watch the video to learn more about why homeowners are receiving non-renewal notices and what that means for the U.S. real estate market: https://youtu.be/xw8fpEpwMzA
- Title
- Why public transit keeps running out of money #Shorts
- Date posted
- 2 months ago
- Description
- Public transit in the U.S. is notorious for being infrequent and unreliable. And while the U.S. spends billions in funding every year, transits across the nation like the MTA, RTA and SEPTA are finding themselves in a fiscal crisis. So just how did public transit in the U.S. get so awful? And can it be improved? https://youtu.be/0nsPGMoXqX0
- Title
- How Nescafé Instant Coffee Is Made
- Date posted
- 2 months ago
- Description
- With annual sales of $11.6 billion as of December 2023, Nescafé is Swiss-based food giant Nestlé’s largest coffee segment. Sold in over 180 countries, one in seven cups of coffee consumed worldwide is a Nescafé. Globally about 3 billion cups of coffee are consumed each day and that number is expected to rise. To keep up with demand Nescafé works with over 100,000 farmers and buys more than 13 million bags of green coffee annually. It also has two dozen factories globally. But producers are facing a number of challenges including fluctuating coffee prices and higher labor costs . So how is Nescafé instant produced? CNBC traveled to Vietnam to get a behind the scenes look at Nestle’s operation to find out.
Chapters:
0:00-1:41 Intro
1:42-4:37 Chapter 1 Harvesting coffee
4:38-7:31 Chapter 2 Roasting beans
Produced by: Shawn Baldwin
Edited by: Marc Ganley
Animation: Jason Reginato, Mallory Brangan
Supervising Producer...
- Title
- Why there is a new global race to the moon #Shorts
- Date posted
- 2 months ago
- Description
- To date, only five nations, the U.S., Russia, China, Japan and India, have completed a successful soft landing on the moon. But bolstered by evidence of the presence of water and other natural resources, many more nations and private companies are now seeking to get to the moon. And whoever is able to establish a significant lunar presence first could have big implications on Earth as well as the cosmos: https://youtu.be/wSxacSDK4Rc
- Title
- Why Monster Beverage Has The Best-Performing Stock In Over 30 Years
- Date posted
- 2 months ago
- Description
- It may come as a surprise that Monster Beverage Corporation, which sells Monster Energy drink, is the best-performing U.S. stock in 30 years, even over tech giants such as Google, Apple, Nvidia and Microsoft. The company has been run by South African billionaires Hilton Schlosberg and Rodney Sacks since they acquired Hansen Natural in 1990. Monster, followed by main competitor Red Bull, is the leader in the $21 billion energy drink industry. Watch the video above to learn how an unassuming company came to have such wild success by focusing on marketing to audiences of sports such as UFC, MotoGP, Formula 1 and Nascar.
Chapters:
1:22 Chapter 1. Know your customer
4:18 Chapter 2. Slow and steady
6:13 Chapter 3. A growing industry
7:50 Chapter 4. The next 30 years
Produced, Shot and Edited by: Natalie Rice
Narration by: Robert Ferris
Animation: Jason Reginato, Mithra Krishnan
Senior Managing Producer: Tala Hadavi
Add...
- Title
- How Norway Built An EV Utopia While The U.S. Is Struggling To Go Electric | CNBC Documentary
- Date posted
- 2 months ago
- Description
- Norway boasts the highest electric vehicle adoption rate in the world. 82% of new car sales were EVs in Norway in 2023. In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. The Norwegian government started incentivizing the purchase of EVs back in the 1990s, but it wasn’t until Tesla and other EV models became available about ten years ago that sales really started to take off. Norway’s capital, Oslo, is also electrifying its ferries, buses, semi trucks and even construction equipment. Gas pumps and parking meters are being replaced by chargers. It’s an electric utopia of the future. CNBC flew across the globe to meet with experts, government officials and locals to find out how the Scandinavian country pulled off such a high EV adoption rate.
Chapters:
2:01 - Incentives and subsidies
11:51 -Charging and energy stations
20:54 - Charging anxiety
20:56 - Next phase of Norway’s EV tr...
- Title
- How Ghost Kitchens Went From $1 Trillion Hype To A Struggling Business Model
- Date posted
- 2 months ago
- Description
- Food delivery is a booming business in 2024. There's one food delivery trend, however, that hasn't gone along for the ride: ghost kitchens.
Once a pandemic darling that raised more than $3 billion in venture funding, the ghost kitchen industry is falling short of lofty expectations. Euromonitor International estimated that the ghost kitchen industry could reach a market size of $1 trillion by 2030.
Big brands wanted a piece of the pie. Companies such as Wendy's, Ruby Tuesday, TGI Fridays and Wingstop all joined the wave of ghost kitchens."It is clear that the impact of ghost kitchens was overestimated," said Evert Gruyaert, restaurant food and service leader at Deloitte. "And we see that today with the decline in ghost kitchens."
Consumers complained about the clandestine nature of ghost kitchens, and food delivery apps shuttered thousands of the virtual kitchens. Then consumers shifted back to brick-and-mortar restaurants in droves, forcing inves...
- Title
- How Wonder Bread is still around after 100 years #Shorts
- Date posted
- 2 months ago
- Description
- Wonder Bread’s annual sales sits around half a billion dollars for its owner Flowers Foods, despite healthier alternatives like whole grains and sourdough dominating the fragmented U.S. bread industry. Watch the full video to learn more about how the once beloved American staple has stuck around a century later: https://youtu.be/xptUVqwX0h0
- Title
- Las Vegas has invested billions into sports. Will it pay off? #Shorts
- Date posted
- 2 months ago
- Description
- What was once considered a sports pariah now hosted Super Bowl 58, the biggest U.S. sporting event of the year, and the event comes less than three months after the city held a Grand Prix Formula One race. That’s not all — Las Vegas now boasts two new entertainment facilities, the Sphere and Allegiant Stadium, adding new offerings like A-list performers. Will Las Vegas' big bet on sports pay off? https://youtu.be/VkDmfvIJYPw
- Title
- Has The U.S. Fallen Out Of Love With Instant Coffee?
- Date posted
- 2 months ago
- Description
- Americans drank an estimated 517 million cups of coffee daily in 2022 spending almost $110 billion on the beverage that year. Cold brews, expresso-based beverages and perfectly roasted beans are among the top drinks for today’s coffee aficionados trying to get their caffeine fix. But one segment of the U.S. market has given up ground. Instant coffee, the kind that dissolves in hot water, has seen consumption fall to just 4% of American coffee drinkers. By comparison instant coffee accounts for about 25% of the coffee consumed globally. Nescafé, Swiss-based food giant Nestlé’s largest coffee segment, is one of the world’s biggest coffee brands. Worldwide one in seven cups of coffee consumed is a Nescafé.
Chapters:
0:00-2:37 Introduction
2:38-5:16 Chapter 1 - Instant coffee boom
5:17-7:58 Chapter 2 - The global market
7:59-11:52 Chapter 3 - Future growth
Produced by: Shawn Baldwin
Edited by: Marc Ganley
Supervising...
- Title
- How the NFL is transforming the media business with streaming #Shorts
- Date posted
- 2 months ago
- Description
- The NFL isn’t just the most popular sports league in the U.S., it’s also the most valuable with the highest-rated programming and the priciest ad time. Now, its jump into streaming is having ripple effects across the media and tech landscape. Find out how streaming is changing the business of the NFL: https://youtu.be/Pzg7aN0SOVM
- Title
- Why Direct-To-Consumer Companies Like Casper, Allbirds And Peloton Are All Struggling
- Date posted
- 2 months ago
- Description
- The direct-to-consumer boom is coming to an end.
A once bustling group of companies, backed by billions in venture capital funding, saw a record year for IPOs in 2021. Now, three years later, most of those direct-to-consumer companies still don't have a clear path to profitability.
Many of these so-called DTC darlings are being forced to reevaluate their business model to survive a shifting consumer landscape.
Watch the video above to find out what happened to the DTC darlings of the 2010s and how the direct-to-consumer cohort is pivoting in the new decade.
Chapters:
0:00-2:24 Intro
2:24-7:48 Misadventure Capitalism
7:49-11:23 The ad squeeze
11:23-14:59 A vision for the future
14:58 An exit strategy
Producer: Devan Burris
Editor: Kevin Heinz
Animation: Christina Locopo and Jason Reginato
Supervising Producer: Jeff Morganteen
Camera: Gerry Miller and Mark Aster
Ad...
- Title
- Is The NFL Moving Toward A Streaming Super Bowl?
- Date posted
- 2 months ago
- Description
- With the highest-rated programming, the priciest ad time and rights deals worth billions, the National Football League is the most valuable content in media. And now its moves onto streaming platforms like Amazon Prime Video, YouTube and Peacock are having ripple effects across the media and tech landscape. CNBC’s Julia Boorstin speaks with the NFL’s Chief Media and Business Officer, Brian Rolapp, the VP and Global Head of Sports for Amazon Prime Video, the President of Peacock, Patriots CEO Robert Kraft and other experts to learn how streaming is changing the business of the NFL and how fans watch sports in general.
Chapters:
2:30 Chapter 1 - Power of the NFL
5:05 Chapter 2 - Shift to streaming
13:55 Chapter 3 - What's next
16:43 Chapter 4 - New ad formats
Senior Correspondent: Julia Boorstin
Produced and Shot by: Andrew Evers
Edited by: Amy Marino
Coordinating Field Producer: Stephen Desaulniers
Supervising...
- Title
- What to do if traditional homeowners insurance becomes unavailable #Shorts
- Date posted
- 2 months ago
- Description
- Many homeowners in the U.S. are losing their home insurance policies. Major insurers like State Farm and Allstate are no longer offering new policies in California. Watch the full video to learn more about why homeowners are receiving non-renewal notices and what that means for the U.S. real estate market: https://youtu.be/xw8fpEpwMzA
- Title
- What Happened To Axe Body Spray?
- Date posted
- 2 months ago
- Description
- Axe body spray existed for almost 20 years internationally, under the name Lynx, before it launched in the United States in 2002. Over the course of the next decade, Unilever’s fragrance brand captured the teenage boy market with its provocative advertising. But it began to fall out of favor, and by 2022, domestic sales had fallen to an estimated $300 million, down from nearly half a billion dollars just ten years prior. Now Axe trying to compete with high-end fragrances… can it succeed?
Chapters:
0:00 Introduction
1:20 Entering a new market
3:50 Losing momentum
Produced, Shot and Edited by: Ryan Baker
Animation by: Andrea Schmitz
Additional Camera by: Natalie Rice, Ashley Turner
Senior Managing Producer: Tala Hadavi
Supervising Producer: Jeniece Heinz
Additional Footage: Unilever, Getty
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- Title
- How Guyana's big oil boom turned it into the world's fastest-growing economy #Shorts
- Date posted
- 2 months ago
- Description
- Watch the full video to dive deep into Guyana's oil economy, its ongoing escalation with Venezuela, what the country's oil means for the U.S. and more: https://youtu.be/EwsLgpVoUOc
- Title
- Why Americans Are Suddenly Losing Their Home Insurance
- Date posted
- 2 months ago
- Description
- Many homeowners in the U.S. are losing their home insurance policies. Major insurers like State Farm and Allstate are no longer offering new policies in California. State Farm attributes this to increased wildfire risk, inflation and other challenges in the region. Louisianan and Floridian homeowners are facing similar issues due to flood risk. Watch the video to learn more about why homeowners are receiving non-renewal notices and what that means for the U.S. real estate market.
Chapters:
0:00 Introduction
1:47 Chapter 1: The insurance market
5:03 Chapter 2: Alternate options
9:14 Chapter 3: Pricing in climate risk
Produced and Edited by: Lindsey Jacobson
Additional Camera by: Juhohn Lee
Animation: Jason Reginato, Andrea Schmitz
Additional Footage: Getty Images, Darlene Tucker
Additional Sources: State Farm, U.S. News & World Report, Insurance Information Institute, U.S. Bureau of Labor Statistics
...
- Title
- Will Las Vegas’ Big Bet On Sports Like The Super Bowl Pay Off?
- Date posted
- 3 months ago
- Description
- Las Vegas’ evolution is ever apparent as it gears up for Super Bowl 58. What was once considered a sports pariah is now hosting the biggest U.S. sporting event of the year, and the event comes less than three months after the city held a Grand Prix Formula One race. That’s not all — Las Vegas now boasts two new entertainment facilities, the Sphere and Allegiant Stadium, adding new offerings like A-list performers.
The total number of visitors climbed to 40.8 million in 2023. Beyond all the fun and gambling, the region has also become popular with relocating businesses and homebuyers. However, there are some significant risks with being a desert city that could hinder Las Vegas’ growth as the planet warms. CNBC traveled to Vegas and met with locals and experts to learn more about Sin City’s explosive growth.
Chapters:
1:39 Chapter 1. Business boom
6:48 Chapter 2. Why Las Vegas?
9:49 Chapter 3. An investing hub
13:01 Chapter 4. ...
- Title
- Are Landlords Colluding On Rent?
- Date posted
- 3 months ago
- Description
- RealPage software is used to set rental prices on 4.5 million housing units in the U.S. A series of lawsuits allege that a group of landlords are sharing sensitive data with RealPage, which then artificially inflates rents. The complaints surface as housing supply in the U.S. lags behind demand. Some of the defendant landlords report high occupancy within their buildings, alongside strong jobs growth in their operating regions and slow home construction.
Correction: A previous version of this video misrepresented Kevin Weller’s role in the class action lawsuit.
Chapters
0:00 Introduction
01:09 Chapter 1 - Lawsuits
02:54 Chapter 2 - RealPage
05:30 Chapter 3 - Housing markets
07:38 Chapter 4 - Collusion?
Produced, Shot and Edited by: Carlos Waters
Additional Camera by: Juhohn Lee
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, RealPage
...
- Title
- Why Getting A Job Feels Impossible Right Now
- Date posted
- 3 months ago
- Description
- The job market looks solid on paper. In 2023, unemployment hit a 54-year-low at 3.4% in January, according to the U.S. Department of Commerce. Bureau of Labor Statistics reported that U.S. employers added 2.7 million people to the payroll the same year. But it’s a different story for active job seekers. A staffing firm Insight Global found that recently unemployed full-time workers applied to an average of 30 jobs, only to receive an average of four callbacks or responses. So why does it feel so hard to get a job right now and is the U.S. labor market as strong as it seems?
Chapters:
01:23 Daunting process
05:07 Cooling market
07:56 Repercussions
Produced and edited by: Juhohn Lee
Assistant Editor: Jack Hillyer
Animations by: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, Jenna Jackson
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- Title
- Why Car Repairs Are Getting So Expensive
- Date posted
- 3 months ago
- Description
- Auto repair costs have been rising for years, but recently they've spiked. Experts say it's likely a mix of factors including heavier, faster and more complex vehicles, riskier driving behavior, new technology, and labor and supply shortages. Repair shop owners say they can’t find enough technicians despite paying six-figure salaries. As technology marches forward, and fancy cutting-edge EVs fill the roads, consumers hear horror stories about huge repair bills. But insiders say there are reasons to be optimistic.
Chapters:
00:59 Intro - Why car repairs are getting so expensive
01:08 Chapter 1 - The numbers
03:02 Chapter 2 - Collision costs rising
06:21 Chapter 3 - Technology
08:11 Chapter 4 - Labor and parts
10:37 Chapter 5 - The future
Producer: Robert Ferris
Editor: Darren Geeter
Animation: Jason Reginato, Christina Locopo
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, ...
- Title
- The Future Of Online Shopping | CNBC Marathon
- Date posted
- 3 months ago
- Description
- CNBC Marathon explores how companies like Amazon, Walmart and their competitors are shifting their marketing and business strategies to compete in today’s economy.
Quietly launching its app in September 2022, it only took Temu a few weeks to top app store charts, edging out Amazon, Walmart and even fast-fashion brand Shein. By February 2023, the 5-month-old company made its TV debut during Super Bowl LVII, airing two commercial spots totaling an estimated $14 million. With an annual advertising budget of about $1.4 billion, Temu is focused on aggregating a user base of nearly 100 million people by year-end.
Walmart employs more people than any other company in the world and is the country’s largest grocer. But when it comes to e-commerce, Amazon is the clear leader, with 39.5% of the market share compared to Walmart’s 7%. Now Walmart has ambitious new plans, and new leadership, to try and catch up.
Livestream shopping took China by storm du...
- Title
- How to stop Dropbox from sharing your personal files with OpenAI #Shorts
- Date posted
- 3 months ago
- Description
- If you’ve used any of Dropbox’s AI tools, some of your documents and files may have been temporarily shared with OpenAI servers, unless you opt out. Even if you’ve opted out, any files shared with another person who is using Dropbox AI could still be sent to OpenAI servers. Here's what the company has to say: https://cnb.cx/3RHrqMm
- Title
- How American truckers are combating cargo theft #Shorts
- Date posted
- 3 months ago
- Description
- Cargo theft has more than doubled in just a year as thieves are vanishing millions of dollars worth of goods. Watch the full video to learn more about how thieves are infiltrating U.S. supply chains and what it takes to prevent hidden heists, identity theft and more: https://youtu.be/oNirZJqFMzg
- Title
- How Apple’s iPhone Overtook Samsung As The Top Smartphone In The World
- Date posted
- 3 months ago
- Description
- Apple’s iPhone was first announced by Steve Jobs in January 2007. Today, research shows that the company has over 1.5 billion active users and controls 53 percent of the market share in the United States. The 2008 launch of the App Store was a pivotal turning moment for the company and now Apple has surpassed Samsung as the world’s leader of smartphones for the first time. CNBC explores how the iPhone became one of the best-selling products of all time.
Chapters:
01:10 Apple before the iPhone
03:29 Launching the iPhone
06:43 The turning point
08:48 What’s next
Produced, Shot and Edited by: Sydney Boyo
Animation: Christina Locopo
Supervising Producer: Jeniece Pettitt
Editorial Support: Magdalena Petrova, Kif Leswing
Additional Camera: Andrew Evers
Additional Footage: Getty Images, Apple
Published January 2024
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- Title
- How Guyana's Oil Boom Sparked A Border Dispute With Venezuela
- Date posted
- 3 months ago
- Description
- Guyana, a tiny South American nation home to more than 800,000 people, made big headlines in December. The reason? Its neighboring country, Venezuela.
Venezuela's autocratic leader Nicolás Maduro called for a referendum in the first week of December 2023 to seek approval to annex Essequibo, which makes up two-thirds of Guyana's land. Venezuelans approved it despite the dispute already being resolved by an international tribunal in 1899.
"What has happened is that it's been exacerbated by the discovery of oil (in Guyana)," said Dr. Terrence Blackman, founder and CEO at Guyana Business Journal. "This discovery has made it seem more attractive to Venezuela to pursue this course of action."
The 2015 oil discovery made Guyana the world's fastest-growing economy, recording the world's highest real GDP growth rate in 2022 and 2023. The story is different across Guyana's border. Venezuela has the world's largest oil reserves, but that hasn't stopped its ...
- Title
- How Denver International became one of the fastest-growing airports in the world #Shorts
- Date posted
- 3 months ago
- Description
- 2023 was Denver International airport’s busiest year on record, with an estimated 78 million passengers for the year. CNBC got a behind the scenes look at United’s Denver operations and explores how the airport and airline plan to keep up with the demand: https://youtu.be/fO-qr4G6E1o
- Title
- What To Do With All The Empty Offices In U.S. Cities | CNBC Marathon
- Date posted
- 3 months ago
- Description
- Now that the remote and hybrid work revolution has begun, many cities are filled with empty or half empty offices, creating very quiet downtowns. At the same time, the U.S. is experiencing a housing crisis. CNBC Marathon explores if U.S. cities will convert offices into apartments.
Some U.S. mayors are loosening up rules that determine how developers convert office buildings into apartment complexes. The conversion trend sped up in the 2020s, as the pandemic remote work boom reshaped cities. Declines in office activity are straining tax revenues for city services like education and transit, leading some local leaders to prioritize increased conversion of dated buildings. These rule changes may create some additional housing supply in regions like the U.S. east coast.
Meanwhile, San Francisco is facing its highest office vacancy rates in nearly 30 years. At the same time, the city is facing a housing crisis with the state demanding 82,000 new units of housing t...
- Title
- Why the U.S. is now obsessed with soybeans #Shorts
- Date posted
- 3 months ago
- Description
- Soybeans have become a cornerstone of American agriculture, contributing $124 billion to the U.S. economy in 2022. The legume is hailed as a versatile crop used in food, fuel and animal feed worldwide. It was a niche commodity in the 1960s before the U.S. became the top global producer. However, the U.S. has since lost its dominance, in part, thanks to its reliance on a single export market — China. https://youtu.be/9kW5vm0yj40
- Title
- Is The U.S. Navy Ready For The Red Sea Threat?
- Date posted
- 3 months ago
- Description
- In the Red Sea drone and missile attacks by the Houthi rebels are stemming the flow of commerce in a critical part of the world. The U.S. Navy has deployed numerous ships to help defend against these attacks, but with the high cost of advanced missiles, and fleet that has shrunk considerably since the end of the Cold War, can the Navy keep pace with the threats in the Red Sea and beyond?
Chapters:
1:42 Ch1. A Cold War product
3:50 Ch2. The Red Sea conundrum
5:08 Ch3. The Chinese stockpile
7:26 Ch4. What’s next?
Producer Brad Howard
Supervising Producer Jeff Morganteen
Animations Jason Reginato, Christina Locopo
Additional footage Getty Images, Reuters, U.S. Department of Defense
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries a...
- Title
- Why Trucks In America Are Under Attack
- Date posted
- 3 months ago
- Description
- Cargo theft has more than doubled in just a year as thieves are vanishing millions of dollars worth of goods. Strategic cargo theft is surging, where criminals engage in internet-based fraud. CNBC visited supply chain risk management company Overhaul’s Louisville, Kentucky operations to get an inside look at how the industry is fighting back. Watch the video above to learn more about how thieves are infiltrating U.S. supply chains and what it takes to prevent hidden heists, identity theft and more.
Chapters:
0:00 Introduction
1:23 Chapter 1: Stolen goods
4:00 Chapter 2: Fighting back
7:15 Chapter 3: Future threats
Produced and edited by: Andrea Miller
Additional Camera by: Tasia Jensen
Additional Reporting by: Lori Ann LaRocco
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson
Additional Footage: Overhaul, Uber Freight, Getty Images
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- Title
- Why The World Is Rushing Back To The Moon
- Date posted
- 3 months ago
- Description
- During the Cold War, competition between the the United States and the former USSR was fierce, as the two countries rallied for the chance to make history by getting to the moon first. In 1959, the Soviet Union beat the U.S. to become the first nation to reach the surface of the moon with its Luna 2 spacecraft. But, the United States was the first country to put man on the moon in 1969, and to this day is still the only nation to have landed people on the moon. To date, only five nations, the U.S., Russia, China, Japan and India, have completed a successful soft landing on the moon. But bolstered by evidence of the presence of water and other natural resources, many more nations and private companies are now seeking to get to the moon. And whoever is able to establish a significant lunar presence first could have big implications on Earth as well as the cosmos.
Chapters:
Chapter 1 - Why go back? 2:02
Chapter 2 - Major players 5:44
Chapter 3 - First-mover ...
- Title
- Can Amazon And Hyundai Solve Online Car Sales?
- Date posted
- 3 months ago
- Description
- Amazon is piloting a program to allow car dealers to sell Hyundai vehicles through the tech giant's website. The plan is to ultimately offer Amazon customers the same experience they have when buying just about everything else sold on its website — meaning a one-stop shop. The program will begin with the Korean automaker but will expand to other brands before the end of 2024. But selling cars online poses challenges — such as valuing trade-ins and complying with regulations. Among dealers, the project has inspired enthusiasm, skepticism and in some ways, fear.
Chapters:
0:00 - 2:01 Intro - Can Amazon and Hyundai solve used car sales?
2:09 Chapter 1- The shift online
5:13 Chapter 2 - The partnership
7:50 Chapter 3 - The reaction
12:02 Chapter 4 - The challenges
Producer: Robert Ferris
Editor: Darren Geeter
Animation: Christina Locopo
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Im...
- Title
- What is quiet cutting? #Shorts
- Date posted
- 3 months ago
- Description
- In the American workplace of 2023, a new labor market trend has taken over where "quiet quitting" left off. Quiet cutting. "Quiet cutting is what some people consider a subcategory of quiet firing," said Nadia De Ala, a leadership and negotiation coach. "It's a way for companies to avoid layoffs and potentially save money on expenses they would incur with severance packages. This involves reorganizing existing employees, not laying them off or firing them, but reassigning them to different roles." The emergence of these new workplace trends often reflects the state of the job market and the economy. More here: https://youtu.be/j_V2Qxpc5jE
- Title
- Why United Airlines Invested $1 Billion In Denver Airport
- Date posted
- 3 months ago
- Description
- While airline stocks have not recovered to pre-pandemic levels, passengers have returned in record breaking numbers.
2023 was Denver International airport’s busiest year on record, with an estimated 78 million passengers for the year.
The airport, which opened in 1995, was originally built to handle 50 million passengers per year, but now that number is expected to reach over 100 million per year by 2027, according to DIA estimates. OAG, a global travel data provider, said Denver went from the 21st busiest airport in the world in 2019 to the 6th in 2023.
United Airlines is Denver’s biggest operator with 46.7% market share, followed by Southwest 30.7% and Frontier 9.7%.
The mid-continent airport has become the United’s busiest hub. It recently invested nearly $1 billion in Denver to add more gates, flights, destinations and opened the largest lounge in its network. The airline wants to grow to 650 flights a day before 2030.
...
- Title
- How Qualcomm is betting big on AI and auto to hold onto wireless dominance #Shorts
- Date posted
- 3 months ago
- Description
- Qualcomm
’s tech is inside nearly all our smartphones. It pioneered the ability to connect wirelessly in the ’80s, all the way to the 5G modems of today — making licensing fees for every device that communicates using its patented core technologies. And now, it’s working on an entirely new way of using generative AI. Watch the full video to find out how: https://youtu.be/2aD36UakFk4
- Title
- Can the U.S. compete with Chinese drones? #Shorts
- Date posted
- 3 months ago
- Description
- Chinese made drones have dominated the market for quad copters for over a decade. They’re used by university researchers, firefighters, and police around the world. https://youtu.be/wnJzv01jgb8
- Title
- Why Timeshares Aren’t Worth It
- Date posted
- 3 months ago
- Description
- Nearly 10 million U.S. households take part in the $10 billion-a-year timeshare industry dominated by companies like Hilton Grand Vacations, Marriott Vacations Worldwide, Wyndham Destinations, Westgate Resorts and Capital Vacations. But while Americans are eager to buy a timeshare, 85% regret their purchase, according to a study. In the past three years, more than 3,000 Americans have filed complaints against the three largest public companies through the Better Business Bureau. Watch the video above to learn more about why it is so hard to get out of timeshares.
Chapters:
0:00 —1:19 Introduction
1:20 — 5:24 The business of timeshares
5:25 — 8:54 The exit industry
8:55 —12:08 Getting out
Produced and Edited by: Ryan Baker
Animation: Christina Locopo
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty, Sheila Wagner, Tom and Kelly Shriver
Additional Sources: Reuters
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- Title
- How Private Credit Became One of the Hottest Investments on Wall Street
- Date posted
- 3 months ago
- Description
- Private credit has quickly become one of Wall Street's most popular investment classes in 2023. Alternative data platform Preqin projects this asset class will reach $2.7 trillion by 2027.
Several firms like Apollo Global and Ares Management have grown this market from just $250 billion in 2010.
This happened in part due to banks retrenching from the lending market after the Great Financial Crisis in 2008 with new regulations. It also has roots in the Federal Reserve's monetary policy of holding interest rates near 0% for a decade.
"We had a banking crisis in this country [and] the Fed drove interest rates to zero," said Lafayette Capital founder Damien Dwin. "That's created conditions where alternative investments could flourish, because of the additional yield that can be delivered."
However, this asset class is not without risk and not easily investable. You won't find private credit funds on Robinhood.
"It comes from ...
- Title
- Airport lounges are booming, and everyone wants in #Shorts
- Date posted
- 3 months ago
- Description
- Travelers are flocking to airport lounges in search of complimentary food, drinks and perhaps most importantly, a chance to relax away from the hordes of travelers at the gate. The problem: plenty of other travelers are, too. Watch the full video to learn why it's becoming harder to get into airport lounges: https://youtu.be/UHYAvU8tYrg
- Title
- Here's why Americans can't keep money in their pockets — even when they get a raise #Shorts
- Date posted
- 3 months ago
- Description
- If it seems like your paycheck disappears as quickly as it hits your bank account, you’re not alone. More than 60% of Americans live paycheck to paycheck as of September 2023, according to a LendingClub report. Watch the full video to learn what’s going on: https://youtu.be/_QP9HESt3nc
- Title
- Will The U.S. Remain The World's Leading Economy? | The Bottom Line
- Date posted
- 3 months ago
- Description
- Economists believe the U.S. could lose its ranking as the world's leading economy in the 21st century, as measured by gross domestic product. But the U.S. is set to extend its run through the 2020s, on the back of slower-than-expected growth trends in China. Investors are now placing fresh bets on emerging markets as the working-age population booms in the Indo-Pacific.
Chapters:
00:00 Cold open
00:56 Ch 1 - United States
03:27 Ch 2 - China
06:17 Ch 3 - India
Produced by: Carlos Waters, Mark Licea, Jack Hillyer
Supervising Producers: Lindsey Jacobson, Jeniece Pettitt
Additional footage: Getty Images
Additional sources: S&P Global Intelligence, United Nations, World Bank
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV...
- Title
- How to set a budget for the new year #Shorts
- Date posted
- 3 months ago
- Description
- This year, 40% of Americans said they do not make financial resolutions for the new year and 68% said they do not have written financial plans at any point in the year, according to research from BMO Financial Group. However, setting a budget goes a long way in managing your personal finances. Learn more here: https://youtu.be/ccZGxt-ife8
- Title
- The Business Of Trash | CNBC Marathon
- Date posted
- 3 months ago
- Description
- CNBC Marathon explores the economics of waste management and how the United States is solving its trash problem.
In 2019, the North American waste management market reached $208 billion. Thanks to advancements in modern chemistry and support from municipal governments, landfills have seen astonishing financial success in recent years.
Burning waste to make energy is a $10 billion industry in the U.S., and the fastest growing part of the business is waste from big companies like Amazon, Subaru, Quest Diagnostics and American Airlines. They’re part of a growing corporate movement toward “zero landfill” as pressure mounts to reach sustainability requirements.
It’s estimated that every year, millions of tons of plastic enter the ocean through rivers, and as global waste generation increases, the problem is poised to worsen. But a host of companies from Baltimore, Maryland to Bengaluru, India are working on the issue, developing novel methods t...
- Title
- How China Became KFC’s Most Important Market
- Date posted
- 3 months ago
- Description
- KFC, with 29,000 stores and 800,000 employees globally, is one of the world’s most extensive fast-food chains, opening a new location every three and a half hours. While it originated in Salt Lake City in 1952, its rapid expansion is now significantly fueled by its presence in China, opening its 10,000th store in comparison to its over 4,300 locations in the United States. KFC China, operated by Yum China, has adapted its menu to include local favorites and has embraced digital ordering and delivery. Despite its success, KFC China has faced challenges like food safety scandals and the economic impacts of Covid. In 2022, Yum China reported $7.2 billion in revenue from KFC, with plans to return $3 billion to shareholders over three years. CNBC got an exclusive interview with Yum China CEO Joey Wat at a KFC in Hangzhou, China to learn more.
Chapters:
00:00 – 2:19 Intro
2:20 – 5:39 Entering China
5:40 – 9:20 Yum China
9:21 – 13:47 Headwind...
- Title
- Flying on the biggest commercial plane in the world #Shorts
- Date posted
- 3 months ago
- Description
- CNBC explores how the A380 became the biggest passenger plane in the world and what the future looks like for the massive jet: https://youtu.be/xbzbXEO10yY
- Title
- Why Americans Can’t Keep Their Paychecks
- Date posted
- 4 months ago
- Description
- More than half of Americans earning more than $100,000 a year say they’re living paycheck to paycheck, according to a report from PYMNTS and LendingClub. This may be a result of a sneaky behavioral phenomenon called lifestyle creep, which is when a person’s spending habits expand as their income rises. The rise in the cost of living complicates matters, as incomes have not kept up with inflation.
So what’s going on?
“I think people hold these benchmarks in their mind [of], if I reach this position or I get this promotion or I make it to this age, then I can live this life, or then I deserve to have these things,” said Sabrina Romanoff, a clinical psychologist who works with clients struggling with financial stress. “Then they kind of go a little crazy or go a little wild on it, and then it becomes like a trade-off, like they only can enjoy their present happiness and they’re not able to save or plan for the future.”
But spending m...
- Title
- Why are people not having kids in the U.S.? #Shorts
- Date posted
- 4 months ago
- Description
- In 2022, 43% of Americans surveyed said they’d want to get married in the future. But just a little more than a quarter said they were sure about wanting children. Faced with many financial challenges, more Millennials and Gen Z are pairing up with an intentional choice not to have children. Find out more here: https://youtu.be/W5XZ_gJBnns
- Title
- Why interest rates take so long to affect the economy #Shorts
- Date posted
- 4 months ago
- Description
- Here's why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or more: https://youtu.be/2eofnM-G2wE