What Retailers Like Amazon Do With Unsold Inventory CNBC 2024-10-19 | What Retailers Like Amazon Do With Unsold Inventory
How Spirit Halloween Became A Billion-Dollar Business CNBC 2024-10-18 | Spirit Halloween occupies more than 1,500 storefronts and hires around 50,000 seasonal workers for just a few months of business. Spencer Spirit Holdings, which includes Spirit Halloween and long-time mall retailer Spencer's, brings in $1.87b of annual revenue, according to Moody’s Ratings. The company often targets struggling real estate to execute its niche retail operation. Watch the video to find out how Spirit Halloween became the ultimate pop-up store.Correction:4:40 - We misstated that Macy's has not previously filed for bankruptcy. Macy's filed for bankruptcy in 1992.Chapters:0:00 Introduction1:50 Chapter 1: Growth4:20 Chapter 2: Winning the pop-up concept7:45 Chapter 3: Managing riskProduced and Shot by: Ryan BakerCamera by: Shawn Baldwin, Natalie RiceEdited by: Evan Lee MillerSenior Managing Producer: Tala HadaviAnimation: Christina LocopoEditorial Support by: Gabrielle FonrougeAdditional Footage: Getty Images, Spirit Halloween, AP Photo» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#halloween How Spirit Halloween Became A Billion-Dollar Business
Why The Rich Keep Getting Richer In The U.S. CNBC 2024-10-16 | Elon Musk is on track to becoming the world's first trillionaire by 2027, according to a report from Informa Connect Academy. The biggest driver of Musk's wealth has been Tesla stock and his ownership of SpaceX. Federal Reserve data shows the share of wealth controlled by the top 1% has grown dramatically, while the wealth of the bottom 50% has stagnated. Some feel that rising tides lift all boats, while others think wealth concentration can be harmful to society.Chapters:0:00 Introduction1:47 The world’s first trillionaire?4:37 How wealth concentrates7:23 TaxesProduced by: Charlotte MorabitoAdditional Reporting by: Robert FrankEdited by: Andrea MillerAnimation: Christina LocopoAdditional Camera: Christine KimSupervising Producer: Lindsey JacobsonAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhy The Rich Keep Getting Richer In The U.S.
Why the U.S. government is investigating Google CNBC 2024-10-15 | In August 2024, a federal judge determined that the online search giant Google is a monopolist that wields its power to stifle competition. The court opinion builds on years of investigation into one of the most valuable companies in the U.S. stock market. Some observers believe the raft of antitrust lawsuits could lead to a structural break-up of Google, which could potentially unlock value for investors. Watch the full video: youtu.be/WaEdUjfs4xI
How A Rare Type Of Mortgage Is Landing Homebuyers A 3% Mortgage Rate CNBC 2024-10-14 | Popular in the 1970s and 80s assumable mortgages have largely fallen out of the public consciousness. But as U.S. mortgage rates plateau above 6%, interest in this rare type of mortgage has seen a steady climb over the past three years. Now, U.S. homebuyers are looking into mortgage assumption as a way to secure a sub-3% mortgage rate.Watch the video above to learn more about assumable mortgages, how they work, and why they can come with their own set of hurdles.Chapters:0:00 Introduction1:57 What are Assumable Mortgages?Produced and Edited by: Devan BurrisGraphics by: Jason ReginatoSupervising Producer: Jeniece PettittAdditional Footage: Getty Images, Wes Van Dell » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCHow A Rare Type Of Mortgage Is Landing Homebuyers A 3% Mortgage Rate
How T.J. Maxx Disrupted The Retail Industry CNBC 2024-10-12 | Over the past decade, TJX Companies has nearly doubled its annual sales, crossing the $50 billion mark in fiscal 2024. Consumers are drawn to T.J. Maxx, Marshalls and HomeGoods for their ability to find name brands at a discount and the treasure hunt-like nature of its shopping experience. Experts credit the brand for destigmatizing the discount shopping. Watch the video to learn how T.J. Maxx won over the American consumer.Chapters:0:00 Introduction1:20 Chapter 1: Consumer perception is key3:45 Chapter 2: Finding the right product6:20 Chapter 3: Sustaining growthProduced and shot by: Ryan BakerEdited by: Kevin HeinzSenior Managing Producer: Tala HadaviAnimation: Jason Reginato, Christina LocopoAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCHow T.J. Maxx Disrupted The Retail Industry
Will The U.S. Break Up Google? CNBC 2024-10-10 | In August 2024, a federal judge determined that the online search giant Google is a monopolist that wields its power to stifle competition. The court opinion builds on years of investigation into one of the most valuable companies in the U.S. stock market. Some observers believe the raft of antitrust lawsuits could lead to a structural break-up of Google, which could potentially unlock value for investors.Chapters:00:00-00:50 Cold Open00:51-05:47 Chapter 1: The cases against Google05:47-09:41 Chapter 2: Restoring competition09:41-13:07 Chapter 3: The investment outlookProduced and Edited by: Carlos WatersSupervising Producer: Lindsey JacobsonAnimation: Christina LocopoAdditional Footage: Getty ImagesAdditional Sources: Brookings Institution, Congressional Research Service, Cornell Law School, Epic Games, Federal Reserve Bank of St. Louis, Federal Trade Commission, U.S. Department of Justice, U.S. District Courts, Securities and Exchange Commission, Smart Asset, Statcounter, Temple University» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#google #antitrust Will The U.S. Break Up Google?
Ozempic Underworld — The Black Market Of Weight Loss Drugs CNBC 2024-10-09 | A CNBC investigation finds that Novo Nordisk’s Ozempic and Wegovy as well as other wildly popular obesity drugs are being actively counterfeited and illegally diverted from other countries in open marketplaces online and shipped at cut rate prices to the U.S. We uncover one such company that appears to be based in Colorado, but is really operating from China, as we tracked down the location, shipping Ozempic from the Chinese market to the U.S. CNBC goes inside this shadowy world from New York to outside London to Turkey and China, interviewing government officials as well as Novo Nordisk and Eli Lilly, which manufacturers Mounjaro and Zepbound. Ozempic pens seized in the UK were filled with insulin, which could be fatal. Inside the international mail facility at JFK airport in Jamaica, N.Y., U.S. Customs officers seize counterfeit and Ozempic diverted from overseas and other weight loss drugs with the numbers doubling over the past year. Both pharmaceutical companies say they are alarmed by the black market, warning it’s putting patients at risk.Correspondent: Melissa LeeSenior Investigative Producer: Scott ZamostCorrespondent: Eunice YoonEditor: David LettieriAnimation: Michael SchwartzResearcher: Charlie RothCamera: Oscar Molina, Marco Mastrorilli, Gerard Miller, David Grogan, Leroy Jackson, Alex Herrera, Van Applegate, Robert Badendieck, Baris Kilinc, Armando Gallardo, Michael Green, Gary LevensAudio: Everett Wong, Gary Wahlgren, Juan Rocha» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Ozempic#weightloss Ozempic Underworld — The Black Market Of Weight Loss Drugs
Why Jeep And Dodge’s Parent Company Stellantis Is Struggling CNBC 2024-10-08 | Merging some of America’s legacy car brands with big European ones made Stellantis the world’s fifth largest automaker in 2021. But just a few years after the merger closed, Stellantis is struggling, and its troubles lie specifically with is North American business – home to Jeep, RAM, Dodge and Chrysler. Critics—including its own dealers—say the company raised prices too high and too fast, and didn’t focus enough on making good products. Its stock has plummeted. Watch the video to learn more.Chapters:01:22 Introduction - Why Stellantis is struggling 01:30 Chapter 1 - A troublesome 2024 03:54 Chapter 2 - The promise of Stellantis 07:23 Chapter 3 - Changes and volatility12:45 Chapter 4 - A focus on innovation Producer: Robert FerrisEditor: Evan Lee Miller, Kevin HeinzAnimation: Christina Locopo, Jason ReginatoSenior Managing Producer: Tala HadaviAdditional footage: Getty Images, Stellantis» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhy Jeep And Dodge’s Parent Company Stellantis Is Struggling
Your Robotaxi Is Here, But Can You Trust It? CNBC 2024-10-07 | Driverless cars are speeding onto America’s streets, but whether the public will trust robotaxis remains an open question.Nearly two-thirds of Americans said they would not want to ride in a driverless passenger vehicle if they had the opportunity, according to a Pew Research Center survey. That’s because residents in cities that have yet to experience robotaxis remain unfamiliar with the technology while those in cities with driverless cabs have not yet forgotten about high-profile accidents involving other companies, like GM-owned Cruise. Now Tesla, the loudest and most bullish self-driving proponent of them all, is due to unveil its long-awaited robotaxi after years of unfulfilled promises. The company’s existing Full Self-Driving technology, where a human is still at the wheel, has drawn the scrutiny of regulators and multiple lawsuits after hundreds of crashes. Experts say a great presentation from CEO Elon Musk won’t guarantee a safe robotaxi network. Tesla’s upcoming robotaxi launch threatens to throw the whole autonomous vehicle space off course.Alphabet-owned Waymo is the leader in the space in the U.S., with the company claiming it has notched more than 22 million driverless miles. It has proven that there is strong consumer demand, with weekly paid rides in San Francisco, Los Angeles, Phoenix and Austin doubling in just a couple months. And Waymo has worked on building its reputation, launching an online safety hub with data arguing that its cars are safer than human drivers.Besides Tesla, other competitors are also looking to jump into the race. Amazon says it is getting ready to roll out its fleet of Zoox cars, and Cruise is resuming operations after a 2023 accident led regulators to ground the fleet. Wall Street is already looking ahead to a driverless future, with one analyst arguing that if it hadn’t been for generative AI, 2024 would have been the year of the robotaxi.CNBC’s Deirdre Bosa speaks to Waymo riders in San Francisco and folks on the street in New York City to find out whether Americans are ready for robotaxis.Chapters:1:17 Chapter 1 - Your robotaxi is here6:14 Chapter 2 - Can you trust it?10:48 Chapter 3 - An autonomous worldAnchor: Deirdre BosaProduced by: Jasmine Wu, Laura Batchelor, Drew TroastEdited by: Lisa SetyonSupervising Producer: Jeniece PettittField Production: Jessica XingAnimation by: Jason Reginato, Chrsitina LocopoAdditional Footage: Getty Images, Waymo, Zoox, Wayve, Tesla» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#tesla #waymo #robotaxi Your Robotaxi Is Here, But Can You Trust It?
Why Macy’s And Other Brands Are Moving Into Strip Malls CNBC 2024-10-06 | U.S. adults make about 1.3 billion visits to shopping centers each month or about 62 trips per person annually, according to the International Council of Shopping Centers.While some outlets, like malls, have struggled to retain shoppers, foot traffic to strip malls is booming.Data compiled by analytics company RetailStat shows annual visits to strip malls surged 18% last year compared with prior to the pandemic.Convenient shopping options, hybrid work and millennials moving to fast-growing suburbs are driving that trend."Lines are shorter because of smaller stores, parking is easier, they're usually on your way home from dropping your kid off at school or on your way home from work," said real estate attorney Jessica Vara of Hunton Andrews Kurth.And retailers are trying to get a slice of the action. Macy's announced last year it was opening 30 new small format stores in off-mall locations. The new stores, about a fifth the size of traditional stores, offer a slimmed-down selection, according to the retailer.But strip malls face criticism for being an eyesore to their communities, adding to environmental problems and contributing to the demise of traditional business districts.The U.S. has more than 68,000 strip malls from coast to coast, according to the International Council of Shopping Centers.So how did the U.S. become covered in strip centers, and could the format be the future of brick-and-mortar retail?Chapters:0:00 - 1:46 Introduction 1:47 - 4:39 Chapter 1. Macy's exits the mall 4:40 - 7:33 Chapter 2. The king of retail real estate7:34 - 10:04 Chapter 3. Investing in strip malls Produced by: Shawn BaldwinEdited by: Nora RappaportSupervising Producer: Jeniece PettittAnimation: Christina Locopo, Jason ReginatoAdditional Footage: Getty Images, Macy's» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Malls#retail #StripmallsWhy Macy’s And Other Brands Are Moving Into Strip Malls
How Amazon Is Trying To Get Rid Of Checkout Lines At Stores CNBC 2024-10-05 | When Amazon first launched its "Just Walk Out" cashierless checkout solution in 2018, analysts say it had the potential to revolutionize retail. But in April, Amazon pulled the tech from Whole Foods and its U.S. line of Fresh grocery stores. Instead, Amazon focused on selling it to outsiders and installed it in 200 third-party stores in NFL stadiums, arenas, colleges, airports and more. CNBC got the first on-camera tour of the lab used to develop the tech and its new "multi-modal" AI system.Chapters:1:43 Exiting U.S. grocery5:03 Cameras, sensors and AI8:10 Concerns and costProduced and Shot by: Katie TarasovEdited by: Evan Lee MillerSupervising Producer: Jeniece PettittAnimation: Christina Locopo, Jason ReginatoAdditional reporting: Annie PalmerAdditional Footage: Amazon, Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#amazon How Amazon Is Trying To Get Rid Of Checkout Lines At Stores
What’s Keeping Middle Class Salaries Low? CNBC 2024-10-04 | Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4% during the same period. In June 2024, two-thirds of middle-income households reported that their income was falling behind the cost of living. This trend has often been referred to as ‘wage stagnation’. But more recently, economists have suggested that deliberate policy decisions have actively suppressed worker’s wage growth. So what exactly is preventing the middle class from earning a higher paycheck?Chapters:1:06 Policies, location and globalization5:53 Employment conditions9:16 PoliticsProduced by: Juhohn LeeEdited by: Andrea MillerAnimation: Jason ReginatoSupervising Producer: Lindsey JacobsonAdditional Footage: Getty Images, Kyle Connolly» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Salaries#jobs #MiddleclassWhat’s Keeping Middle Class Salaries Low?
Will Tesla Robotaxis Live Up To 10 Years Of Development And Hype? CNBC 2024-10-02 | For a decade, Elon Musk has championed the idea that one day Tesla cars will drive themselves as robotaxis. On October 10, the company plans to reveal a “dedicated robotaxi” design at an invitation-only event in Los Angeles.Despite years of bold predictions and missed deadlines, fans of the company are holding out hope that Musk will finally deliver. Regardless of what the company showcases at its robotaxi day, experts are skeptical of the company’s strategy, citing its Auotpilot and Full Self-Driving technology as a barometer for Tesla’s progress, or lack thereof.While Tesla has been developing its autonomous vehicles, competitors like Google-owned Waymo and Chinese companies like Pony.ai and Baidu have already launched commercial robotaxi services.With U.S. EV sales growth slowing, there’s a lot riding on Tesla’s potential pivot to autonomy. CNBC explores whether the company is ready for robotaxis and if Musk’s vision for driverless Teslas will become a reality anytime soon.Correction:2:41 The event date is mislabeled. The correct event is the Tesla Annual Shareholder Meeting, which occurred on June 13, 2024.Chapters:3:18 Ch 1 - Tesla’s vision for autonomy6:33 Ch 2 - Full self-driving10:13 Ch 3 - Realizing the robotaxi15:34 Ch 4 - Sizing up the robotaxi competitionProduced and Shot by: Andrew EversAdditional Reporting: Lora KolodnyEdited by: Andrew Evers, Erin BlackSupervising Producer: Jeniece PettittAdditional Camera: Katie Tarasov, Lisa SetyonGraphics by: Jason ReginatoNarration: Robert FerrisAdditional Footage: Cruise, Getty Images, Tesla, Waymo, Zoox» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Tesla#Robotaxi#ElonMuskWill Tesla Robotaxis Live Up To 10 Years Of Development And Hype?
How Investors Can Prepare Their Portfolios For The 2024 Election CNBC 2024-10-01 | With about a month to go until the 2024 presidential election, investors are bracing for potential volatility in the markets as uncertainty looms over whether former President Donald Trump or Vice President Kamala Harris will win in November. With 62% of U.S. adults invested in the stock market, differences in Republican and Democratic economic policies mean there are potentially nuanced ways for investors to position their portfolios to make money based on the election outcome.Chapters:0:00 Introduction1:47 A second Trump presidency4:54 A Harris presidency7:20 What investors can do nowProduced by: Jeff HuangEdited by: Nora RappaportAnimation: Jason ReginatoSupervising Producer: Lindsey JacobsonEditorial Support: Anuz ThapaAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be a successful, confident communicator? Take CNBC’s online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Get started today: https://cnb.cx/4aryNgMConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCHow Investors Can Prepare Their Portfolios For The 2024 Election
Why WNBA player salaries lag despite the leagues rising popularity CNBC 2024-09-30 | The WNBA has enjoyed some of the fastest growth a sports league has ever seen, thanks in large part to superstar rookies Caitlin Clark and Angel Reese.Yet the league is far from profitable and the two superstar rookies make just over $70,000 in base salary.The recent 11-year, $2.2 billion media rights deal with Disney, Amazon and NBC, and the announcement of three new expansion teams in San Francisco, Toronto and Portland, will flush the league with much needed cash in the coming years.The question is, will it be enough? Watch the full video: youtu.be/0d0yCebRVWM
Where Are Laid Off Tech Employees Going? | CNBC Marathon CNBC 2024-09-29 | CNBC explores challenges currently facing U.S. tech workers, including mass layoffs, widespread cuts in company budgets, and threats of deportation for H-1B visa holders."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. The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023. So far, about 42,324 tech employees were let go in 2024, according toLayoffs.fyi, which tracks layoffs in the tech industry.While layoffs have put stress on the workforce, a booming artificial intelligence market is giving the industry a renewed sense of optimism. Generative AI startup deals announced or finalized in the first quarter of this year totaled more than $12 billion compared to about $4.5 billion invested in the space last year, according to PitchBook.On July 16, 2023, Canada opened visa applications for a pilot program that would allow up to 10,000 H-1B visa holders in the United States to apply for a three-year open-work permit in Canada. H-1B holders are highly educated and specialized foreign workers that work in fields such as tech. After massive layoffs in the tech industry, this was a lifeline for H-1B holders who needed to find a new job or face deportation.Chapters:00:00 Introduction00:47 Why Widespread Tech Layoffs Keep Happening Despite A Strong U.S. Economy (Published February 2024)13:01 Where Thousands Of Tech Workers Went After Mass Layoffs (Published August 2023)26:46 How The U.S. Lost Thousands Of High-Skilled Workers To Canada (Published November 2023)Produced by: Anuz Thapa, Shawn Baldwin, Sydney BoyoEdited by: Michael Hoyt, Nic Henry, Sydney BoyoNarration by: Jordan SmithGraphics by: Jason Reginato, Christina Locopo, Alex Wood, Josh KalvenSupervising Producers: Jeff Morganteen, Jeniece Pettitt, Lindsey JacobsonCamera by: Andrew EversAdditional Footage: Getty Images, CSPAN, U.S. Citizenship and Immigration Services, Government of CanadaAdditional Editing: Emily Rabbideau» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhere Are Laid Off Tech Employees Going? | CNBC Marathon
Inside The First All-Female Hacker House In San Francisco CNBC 2024-09-28 | HackHer House is one of the first all-female hacker houses in the San Francisco Bay Area, aimed at empowering women in tech. Located in North Beach, HackHer House was home this summer to seven women, all of whom share the goal of launching successful ventures in tech. The house provides affordable living for students, tech interns and founders working on startups, from AI-driven tools to senior care solutions. In San Francisco, hacker houses are more popular than ever due to the AI boom. With more than 10 of them in the city, these co-living spaces are a place for entrepreneurs and techies to network and raise millions. CNBC met with the founders of HackHer House to discuss their vision for the future.Produced, Shot and Edited by: Lisa SetyonSupervising Producer: Jeniece PettittAdditional Camera: Andrew Evers, Marc GanleyNarration and Editorial Support: Katie Tarasov» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCInside The First All-Female Hacker House In San Francisco
How the Fed became the world’s most powerful central bank CNBC 2024-09-27 | The Federal Reserve manages interest rates to influence financial conditions within the United States. But those decisions can also affect the posture of other central banks because many aspects of international finance rely on U.S. dollars.As the world moves away from a global round of economic tightening, central bankers in the U.S. are seeking to extend the economic expansion, which is among the strongest in the world.Find more on how Fed rate cuts affect the global economy: youtu.be/rVDE5Q74EhM
How Cavas Bet On The Chipotle Model Is Paying Off CNBC 2024-09-26 | Fast-casual Mediterranean chain, Cava, has had an impressive first year since going public in June 2023. The company beat Wall Street expectations in every quarter and grew revenue by 35.2% in its second quarter 2024. Market cap has increased to over $14 billion, a more than 200% increase from its initial valuation. The question is, can the greek inspired bowl concept, frequently compared to Wall Street favorite, Chipotle, have a similar path? Watch the video to learn more.Chapters:0:00 Intro1:35 Chapter 1. A fast-casual winner3:12 Chapter 2. Competitive advantage5:22 Chapter 3. The Chipotle blueprint8:25 Chapter 4. RisksProduced, Shot and Edited by: Natalie RiceAdditional Camera by: Carlos Waters, Magdalena Petrova, Ryan BakerAnimation: Christina LocopoSenior Managing Producer: Tala HadaviAdditional Footage: Getty Images, AP Photo, Cava Group, Chipotle Mexican GrillAdditional Sources: Wedbush Securities, FactSet» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCHow Cava's Bet On The Chipotle Model Is Paying Off
Why Automakers EV Factory Investments Arent Paying Off In The U.S. CNBC 2024-09-25 | Automakers aren’t selling as many cars as they used to, and the EV transition is a lot rockier and slower than some expected. This means there’s a lot of factory space in North America and around the world that is sitting empty and unused. Some companies especially challenged are Ford, GM, and Stellantis, Nissan, and EV makers such as Tesla and Rivian. That could mean billion dollar losses, job cuts, and chaos in the supply chain. Auto makers, industry analysts and even governments are adjusting expectations and trying to prepare for an uncertain future.Chapters:00:59 - Why automakers are losing billions on their factories 1:06 - Chapter 1: Factory utilization04:25 - Chapter 2: EV transition08:58 - Chapter 3: New normal Producer: Robert FerrisEditor: Andrea MillerAnimation: Jason ReginatoSenior Managing Producer: Tala HadaviAdditional footage: Getty Images, Reuters» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhy Automakers' EV Factory Investments Aren't Paying Off In The U.S.
Why Elon Musk Is Betting Big On Supercomputers To Boost Tesla And xAI CNBC 2024-09-23 | Elon Musk has big plans for how artificial intelligence can help to propel his businesses forward. The tech titan founded xAI, a new AI venture, in 2023 to develop large language models and AI products, like its chatbot Grok, as an alternative to AI tools being created by OpenAI, Microsoft and Google. In June, it was announced that xAI would build a multi-billion dollar supercomputer, called Colossus, in Memphis, Tennessee to carry out the task of training Grok. Musk thinks supercomputers can also transform Tesla from a car company to an AI and robotics company. In August, Musk teased Tesla’s AI supercomputer cluster called “Cortex” on X. Cortex is being built at Tesla’s Austin, Texas headquarters. Back in January, Tesla also announced that it planned to spend $500 million on a custom-built Dojo supercomputer in Buffalo, New York. The job of these supercomputers is to process and train AI models using the huge amounts of video and data captured by Tesla vehicles and improve Tesla’s suite of driver assistance features, which the company calls Autopilot, as well as its more robust Full Self-Driving or FSD system. Despite their names, neither Autopilot nor FSD make Tesla vehicles autonomous and require active driver supervision. But reaching full autonomy is critical for Tesla, whose sky-high valuation is largely dependent on bringing robotaxis to market, according to some analysts. Finally, supercomputers can also be used to train Tesla’s humanoid robot, Optimus. Watch the video to learn more about why Musk has been building a slew of supercomputers.Chapters01:55 - Supercomputers and xAI05:08 - Supercomputers and Tesla11:03 - Challenges and future outlookProduced by: Magdalena PetrovaAdditional Camera: Andrew EversEdited by: Nora RappaprtAnimation: Josh KalvenSupervising Producer: Jeniece PettittEditorial Support: Lora KolodnyAdditional Footage: Getty Images, Tesla» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhy Elon Musk Is Betting Big On Supercomputers To Boost Tesla And xAI
Why Men Are Leaving The Workforce CNBC 2024-09-21 | Men have been steadily dropping out of the workforce - especially men aged 25 to 54, who are often considered to be in their prime working years. About 10.5% of men in their prime working years, or roughly 6.8 million men nationwide, are neither working nor looking for employment, compared to just 2.5% in 1954. So what’s driving men out of the workforce? And if left unchecked, what impact will it have on the U.S. economy?Chapters:1:29 Why some men aren’t working6:05 Economic impact8:02 SolutionsProduced by: Juhohn LeeEdited by: DeLon ThorntonAnimation: Mallory BranganSupervising Producer: Lindsey JacobsonAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhy Men Are Leaving The Workforce
Heres how Chilis made a comeback CNBC 2024-09-20 | Chili’s efforts to win back American consumers are working.Same-store sales, a key metric for the restaurant industry, jumped 14.8% in its fiscal fourth quarter, a significant increase as many chains struggle to bring in diners.Find more on how they did this here: youtu.be/UuMjjIjX8_8
Why The WNBA Isnt Profitable Despite Record-Breaking Year CNBC 2024-09-19 | The WNBA, led by its rookie star players, Caitlin Clark and Angel Reese, has experienced a record-breaking year in most categories including in attendance, viewership and merchandise sales. Three new expansion teams - San Fransisco, Toronto and Portland, and a $2.2 billion 11-year media rights deal with Disney, Amazon Prime and NBC are expected to flush the league with cash in the coming years. Yet, player salaries are low in comparison to the NBA and other sports leagues while the league struggles to become profitable. CNBC’s Tala Hadavi digs into the WNBA’s business model and explores why it may take years before the longest-running women’s sport league becomes profitable.Chapters:03:18 Chapter 1: Playing in the WNBA06:15 Chapter 2: An unusual business model10:13 Chapter 3: Growth mode12:24 Chapter 4: Collective bargaining agreement14:45 Chapter 5: Revenue sharingProduced and Shot by: Tala HadaviShot and Edited by: Erin BlackAdditional Camera: Ryan Baker, Natalie RiceAnimations: Christina Locopo, Jason ReginatoSupervising Producer: Jeniece PettittAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#WNBA#SportsWhy The WNBA Isn't Profitable Despite Record-Breaking Year
How Fed Rate Cuts Affect The Global Economy CNBC 2024-09-18 | The Federal Reserve manages interest rates to influence financial conditions within the United States. But those decisions can also affect the posture of other central banks because many aspects of international finance rely on U.S. dollars. As the world moves away from a global round of economic tightening, central bankers in the U.S. are seeking to extend the economic expansion, which is among the strongest in the world.Chapters:[00:00-00:45] Cold Open[00:45-02:48] Chapter 1: Economic tightening[02:48-05:26] Chapter 2: The carry trade[05:26-07:52] Chapter 3: The world’s lender of last resort[07:52-09:41] Chapter 4: Other currenciesProduced and Edited by: Carlos WatersSupervising Producer: Lindsey JacobsonAnimation: Christina LocopoAdditional Footage: Federal Reserve Bank of Kansas City, Getty ImagesAdditional Sources: Bank for International Settlements, Boston University, Council on Foreign Relations, Federal Reserve Bank of New York, Harvard Law School, International Monetary Fund, Massachusetts Institute of Technology, University of Chicago, PIMCO, Sovereign Wealth Fund Institute, Tax Foundation, White House» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Fed#InterestRatesHow Fed Rate Cuts Affect The Global Economy
How Amazon Is Delivering Packages Faster With The Help Of Generative AI CNBC 2024-09-17 | For decades, Amazon has set the standard for fast package delivery. When Prime launched in 2005, two-day shipping was virtually unheard of. By March 2024, 60% of Prime items were delivered same or next day. Now Amazon wants to push that number even higher, using generative AI, despite concerns about energy and cost. CNBC got an exclusive look at Amazon’s use of generative AI to optimize delivery routes, make more intelligent warehouse robots, and better predict where to stock new items.Chapters:2:14 Two-day to same-day5:51 Robot revolution9:18 Predicting orders12:11 Routes and personalizationProduced and Shot by: Katie TarasovEdited by: Evan Lee MillerSupervising Producer: Jeniece PettittAnimation: Christina LocopoAdditional camera: Andrew Evers, Lisa SetyonEditorial Support: Annie Palmer» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Amazon#GenerativeAI#AIHow Amazon Is Delivering Packages Faster With The Help Of Generative AI
Why EU’s Tariffs Won’t Stop Chinese EVs CNBC 2024-09-16 | Critics say the European Union’s provisional tariffs on Chinese EVs could raise prices, reduce choice and slow the pace with which the EU meets its climate change mitigation targets. Some European automakers, especially those from Germany, oppose them. They also might not be high enough to actually stop the tide of Chinese imports. And yet supporters say these measures are necessary to offset the harm done by China’s pattern of generously subsidizing its own industries and subsequently crushing global competition.Chapters:01:37 Why EU’s tariffs won’t stop Chinese EVs01:43 Chapter 1. Tariffs 04:03 Chapter 2. Climate vs. Industry 09:06 Chapter 3. Industry Opposition Producer: Robert FerrisEditor: Maria Chiu, Andrea MillerAnimation: Mallory BranganSenior Managing Producer: Tala HadaviAdditional footage: Getty Images, Audi, BMW, Mercedes-Benz, Zeekr» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhy EU’s Tariffs Won’t Stop Chinese EVs
Why ChatGPT Creator OpenAI Is Having A Make Or Break Moment CNBC 2024-09-15 | In the next few months, ChatGPT-creator OpenAI will face some of its biggest tests yet. A high-profile partnership with Apple now that ChatGPT is built into the iPhone 16, It has a more than a $100 billion valuation and interest from big-name investors. It’s going through a restructuring of its complex hybrid for-profit and nonprofit structure, and GPT-5 is still on the line. It’s a tall ask for a company that’s seen a bumpy ride to the top and a divisive CEO. Can Sam Altman lead OpenAI into the big leagues? CNBC’s Deirdre Bosa has the story.Chapters:00:54 Intro - Why OpenAI’s next phase will be its toughest00:59 Chapter 1 - The stage is set6:39 Chapter 2 - The man behind the curtain8:37 Chapter 3 - The next actAnchor: Deirdre BosaProduced by: Jasmine Wu, Laura Batchelor, Drew TroastEdited by: Nic Golden HenrySupervising Producer: Jeniece Pettitt» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#OpenAI#ChatGPTWhy ChatGPT Creator OpenAI Is Having A Make Or Break Moment
Why Americans Are Going Back to Chilis CNBC 2024-09-14 | Chili’s Grill and Bar is a casual dining chain that took America by storm in the early 2000s. From 2000-2008, its U.S. store count nearly doubled. But in the decade following the Great Recession, the nostalgic brand fell out of favor as sales grew stagnant and its store count declined. With the help of recent CEO, Kevin Hochman, parent company, Brinker International, has generated a record high $4.4 billion in revenue in fiscal year 2024. Watch the video to find out how the company has staged a comeback.Chapters:0:00 Introduction1:23 Chapter 1. Losing its way3:45 Chapter 2. Making a comeback7:05 Chapter 3. Focusing on valueProduced, Edited and Shot by: Ryan BakerAdditional Camera by: Mickey Todiwala, Natalie Rice, Eric ClarkAnimation by: Jason ReginatoSenior Managing Producer: Tala HadaviEditorial Support: Amelia Lucas, Jeniece PettittAdditional Footage: Brinker International, Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhy Americans Are Going Back to Chili's
Why Everyone Is Flocking To North Carolinas Tech Hub CNBC 2024-09-12 | North Carolina’s Research Triangle - the area between Chapel Hill, Raleigh and Durham - has become one of the country's fastest growing tech hubs largely thanks to its access to talent from some of the top universities in the country (Duke, North Carolina at Chapel Hill and North Carolina State) and low cost of living. The state’s pro-business environment and low taxes have attracted tech giants like Meta, Apple and Amazon investing billions in the area. In 2024, the state was ranked second on CNBC's America's Top States For Business list.Chapters:1:33 Chapter 1. The rise of a region5:27 Chapter 2. A pro-business state9:10 Chapter 3. DownsidesProduced and Shot by: Natalie RiceEdited by: Evan Lee MillerAdditional Camera: Darren GeeterSenior Managing Producer: Tala HadaviNarration by: Robert FerrisAnimation: Jason ReginatoAdditional footage: Duke University, Getty Images, AP Photo, NBC NewsAdditional sources: Redfin, Research Triangle ParkAdditional Editorial Support by: Emily Lorsch» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhy Everyone Is Flocking To North Carolina's Tech Hub
Why All Eyes Are On Arkansas’ Lithium CNBC 2024-09-11 | Arkansas is emerging as a key player in U.S. lithium production, with major investments from companies like Exxon Mobil, Albemarle and Standard Lithium. The state’s lithium-rich brine in the Smackover Formation holds the potential to power millions of EVs and reshape energy storage. But, challenges like volatile lithium prices and unproven direct lithium extraction (DLE) technology could impact its growth. CNBC visited Magnolia and El Dorado, Arkansas to explore why the state is emerging as a key player in the lithium market and to examine the economic, technological, and strategic impacts of its extraction initiatives.Chapters:02:32 Title card - Why all eyes are on Arkansas’ lithium 02:39 Chapter 1 - Lithium in Arkansas 06:20 Chapter 2 - Direct Lithium Extraction 09:04 Chapter 3 - Challenges Produced and Edited by: Lisa SetyonSupervising Producer: Jeniece PettittNarration: Katie TarasovField Production and Camera: Matthew Spriggs and Jordan WyattAnimation: Mallory BranganAdditional Footage: Standard Lithium, Albemarle, Exxon Mobil, Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#LithiumWhy All Eyes Are On Arkansas’ Lithium
How Wingstop is outpacing its fast-food competitors CNBC 2024-09-10 | Wingstop is capitalizing on the American appetite for chicken and providing investors with strong, consistent growth. Watch the video to find out how Wingstop became one of the hottest restaurant stocks of the year: youtu.be/nyOD7m4uOv8
How Your Taxes May Change After 2025 CNBC 2024-09-09 | The majority of Americans, 56%, say they pay too much in federal income tax, according to an April 2024 Gallup poll. Only 22% believe they receive valuable services from those taxes, according to an AP-NORC January 2024 survey. If the 2017 tax cuts are allowed to expire in 2025, about 62% of taxpayers would see their bills go up, according to the Tax Foundation. This means the 2024 election will determine which political party will get to shape Americans' taxes for years to come.Chapters:0:00 Introduction1:38 Trump's plan5:15 Harris' plan10:21 Taxes on corporationsProduced by: Charlotte MorabitoAdditional Reporting by: Kate DoreEdited by: Nora RapapportAdditional Editing by: Andrea MillerAnimation: Jason ReginatoSupervising Producer: Lindsey JacobsonAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#TaxHow Your Taxes May Change After 2025
Why Rivian And VW Both Need Each Other CNBC 2024-09-08 | After a staggeringly successful IPO, Rivian shares and market value have plummeted. With interest rates high and funding drying up, some analysts say the electric SUV and truck maker is potentially just a couple of programs away from bankruptcy. However, in 2024 it received a big shot in the arm—a $5 billion investment from German automaker, Volkswagen Group. VW, the second largest automaker in the world, has a lot to offer Rivian. But it needs something in return. CNBC examines exactly what that is and why it could be revolutionary for the auto industry.Chapters:00:00 - 01:05 Title card - Why VW and Rivian need each other01:12 Chapter 1 - Bleeding Cash04:32 Chapter 2 - Volkswagen8:49 Chapter 3 - The secret sauce 11:49 Chapter 4 - Future Producer: Robert FerrisEditor: Evan Lee MillerAnimation: Christina LocopoSenior Managing Producer: Tala HadaviAdditional footage: Bentley, CARIAD, Ford, Getty Images, General Motors, Lamborghini, Mazda, Porsche, Rivian, Scout Motors, Stellantis, Volkswagen» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#rivian #volkswagen #EVsWhy Rivian And VW Both Need Each Other
Airplane engines are in short supply. The business of fixing older ones is booming CNBC 2024-09-07 | A jet engine is the most important part of a commercial airplane. And repairing them has become a $58 billion dollar business. (Source: AeroDynamic Advisory)American said it’s on track to increase engine overhauls by 60% compared to past year. CNBC traveled to Tulsa, Oklahoma to get an inside look at how it works and explores the outlook for the market: youtu.be/pzqJRGGOWc0
How Disney Vacations Became Too Expensive For Many Americans CNBC 2024-09-06 | Once a right of passage for most American families, theme parks like Disney World and Disneyland are quickly becoming out of reach for many middle class American families. Over the past 10 years, the average cost for a Disney World single-park ticket has increased more than 56%, above the national rate of inflation of 32% in the same period. And that doesn’t include the cost of food, merchandise, lightning lane, hotels and airfare. The average cost of a five-night Disney World vacation for a family of four in 2024, with all the bells and whistles, comes in at around $5,000, according to Wolfe Research. In its Q3 2024 earnings, Disney said its parks and experiences segment felt pressure due to lower consumer demand and inflation. This is a trend that is industry wide — Comcast’s Universal Studios also experienced a drop in attendance in 2024. Disney World is the most visited theme park in the world, but have recent price increases pushed inflation-weary Americans away? Will Disney trips continue to be a staple of American childhoods or is it becoming a luxury? CNBC explores.Chapters:2:37 Cold open2:42 Magic and money9:24 Disney debt12:25 Passholder departure15:12 What’s nextProduced by: Devan BurrisEdited by: Marc GanleySupervising Producer: Jeniece PettittAnimations by: Christina Locopo» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Disney#DisneyWorldHow Disney Vacations Became Too Expensive For Many Americans
How Gen Z Is Buying Homes Younger Than Millennials And Boomers Did CNBC 2024-09-05 | In 2023, Gen Z led in homeownership among young adults, with a higher rate of homeownership at age 24 compared to millennials and Gen X at the same age. Despite their relatively small share of the housing market and challenges like high prices and limited inventory, many Gen Z individuals are determined to buy homes in the near future. This shift could have significant effects on the housing market and the broader economy.Chapters:0:00 Cold Open1:33 Chapter 1 - Location and Interest Rates 4:50 Chapter 2 - Financial Help7:50 Chapter 3 - Going it AloneProduced by: Micah WashingtonNarration by: Carlos WatersAdditional Camera by: Magdalena Petrova, Kaan OguzEdited by: Michael HoytAnimation by: Jason ReginatoSupervising Producer: Lindsey JacobsonAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Homeownership #Homebuyers #Realestate How Gen Z Is Buying Homes Younger Than Millennials And Boomers Did
How The U.S. Is Pumping More Oil Than Any Country In History CNBC 2024-09-04 | The U.S. is produced more oil than it ever has in 2023, according to the U.S. Energy Information Administration. In fact, this record marks the most oil ever produced in a year by any country in the history of the world. Both the oil and gas industry and the renewable energy industry are receiving billions of dollars in government support, primarily via subsidies. The Inflation Reduction Act is providing $369 billion to combat climate change, and $270 billion will be delivered through tax incentives. “We’re building out the infrastructure for clean energy, but we can’t retire the infrastructure for oil because we’re still using it,” Amy Myers Jaffe of New York University’s Energy, Climate Justice and Sustainability Lab, told CNBC. Here’s how the U.S. became the largest oil producer of all-time in 2023 — and what that means for the green energy transition.Chapters:0:00 Introduction01:32 Ch. 1: Record oil production04:37 Ch. 2: Government support07:17 Ch. 3: Renewables transition11:26 Ch. 4: What’s next?Produced and Edited by: Andrea MillerAnimation: Christina LocopoSupervising Producer: Lindsey JacobsonAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCHow The U.S. Is Pumping More Oil Than Any Country In History
Why It’s So Hard To Build Nuclear Power Plants In The U.S. CNBC 2024-09-03 | Plant Vogtle, a nuclear power plant in Waynesboro, Ga., is the largest source of clean energy in the U.S. following the addition of two new reactors, according to Georgia Power. The plant's Unit 4 reactor began commercial operations in April and Unit 3 went online last year. They are the first reactors built from scratch and connected to the grid in over three decades and together can power over a million homes and businesses, according to the utility provider.But bringing a nuclear power plant to life is difficult and costly. The two new reactors at Plant Vogtle were initially budgeted at $14 billion, but that price tag more than doubled. The project also ran seven years behind schedule."We had some challenges, it was an arduous journey, things that we didn't anticipate," said Chris Womack, CEO of Southern Company. "From the tsunami in Fukushima to the contractor going bankrupt to Covid. There were a number of things that occurred.The U.S. has 54 operating nuclear power plants and 94 reactors, making it the world's largest producer of nuclear power -- accounting for 30% of global nuclear electricity, according to the World Nuclear Association.But reactors in the U.S. are 42 years old on average, and they're getting older. Replacing them is a complex task.So why is it so hard to build nuclear reactors in the U.S. and should the new Vogtle reactors be a blueprint or a cautionary tale for the future?Chapters:0:00 - 2:25 Introduction 2:26 - 6:04 Chapter 1. Plant Vogtle6:05 - 9:46 Chapter 2. Falling Behind 9:47 - 12:50 Chapter 3. Small modular reactorsProduced by: Shawn BaldwinEdited by: Nic Golden HenrySupervising Producer: Jeniece PettittReporter: Pippa StevensAnimation: Christina LocopoAdditional Production: Harriet Taylor, Van ApplegateAdditional Footage: Getty Images, NuScale Power, Southern Company» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhy It’s So Hard To Build Nuclear Power Plants In The U.S.
How Data Centers Became Hot Real Estate Investments CNBC 2024-08-31 | The U.S. is home to the majority of the world’s data centers with just under 3,000, compared to the country with the next-closest amount, United Kingdom, at just 360. This concentration has brought up the value of the land where the data centers are built. Prices are soaring as much as ten times the original value in one Vint Hill, Virginia case. So how did this land zoned for data construction get so valuable, and will investors keep pouring money into the infrastructure that supports AI while potentially upsetting nearby residents?Chapters: 0:00 - Cold Open1:13 - Where to build2:37 - Private investments5:18 - Pushback7:53 - What’s nextProduced and Edited by: Christian NunleyAdditional Camera by: Katie Tarasov, Andrew Evers Animation: Emily Rabbideau, Jason ReginatoSupervising Producer: Lindsey Jacobson, Tala HadaviAdditional Footage: Getty ImagesAdditional Sources: Loudoun County, Fauquier County, AWS, NBC4 Washington, Data Center Map, CBRE» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCHow Data Centers Became Hot Real Estate Investments
How Google, Microsoft And Amazon Are Raiding AI Startups For Talent CNBC 2024-08-30 | Microsoft, Google and Amazon, along with other tech companies, have been getting creative in how they’re poaching talent from top artificial intelligence startups. Earlier this month, Google inked an unusual deal with Character.ai to hire away its prominent founder, Noam Shazeer, along with more than one-fifth of its workforce while also licensing its technology. It looked like an acquisition, but the deal was structured so that it wasn’t. Google wasn’t the first to take this approach.In March, Microsoft signed a deal with Inflection that allowed Microsoft to use Inflection’s models and to hire most of the startup’s staff. Amazon followed in June with a faux acquisition of Adept where it hired top talent from the AI startup and licensed its technology.It’s a playbook that skirts regulators and their crackdown on Big Tech dominance, provides an exit for AI startups struggling to make money, and allows megacaps to pick up the talent needed in the AI arms race.But while tech giants might think they’re outsmarting antitrust enforcers, they could be playing with fire. CNBC’s Deirdre Bosa has the story.Chapters:00:00 Introduction 00:50 - Pseudo acquisitions5:41 - Playing with fire7:13 - Who’s left holding the bagAnchor: Deirdre BosaProduced by: Laura Batchelor, Jasmine WuEdited by: Andrew EversSupervising Producer: Jeniece PettittAdditional Footage: Character.ai, Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCHow Amazon, Microsoft and Google Are Raiding AI Startups For Talent
How Trump was orange-pilled by three bitcoiners in Puerto Rico and the promise of $100 million CNBC 2024-08-29 | CNBC’s MacKenzie Sigalos on Donald Trump’s increasingly pro-crypto stance this year and how three bitcoiners from Puerto Rico have spent months secretly teaching the Republican presidential nominee about bitcoin.Read more: https://cnb.cx/3WZqzYE
Why Fast Food Chains Like McDonald’s, Wendy’s And Taco Bell Brought Back Value Meals CNBC 2024-08-28 | Fast food has become a luxury for many consumers who are constantly looking for deals and cheap meals. Many popular chains have noticed the pullback and have rolled out the return of value meals. These nostalgic menus offer select items for a cheap price and food chains hope it's a way to bring customers back and to spend on more items outside of the discounted food items.Chapters:0:00 Introduction1:19 Chapter 1. The return of the value menu2:44 Chapter 2. Franchisee pushback4:17 Chapter 3. How long will it last?Produced by: DeLon ThorntonEdited by: Darren GetterGraphics by: Jason ReginatoSupervising Producer: Jeniece Pettitt and Shawn BaldwinAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCWhy Fast Food Chains Like McDonald’s, Wendy’s And Taco Bell Brought Back Value Meals
How Wingstop Became One Of The Hottest Restaurant Stocks CNBC 2024-08-26 | Wingstop is capitalizing on the American appetite for chicken and providing investors with strong, consistent growth. In the past five years, the company’s share price is up over 250%, and it has grown its store footprint to 2,352 restaurants worldwide. The chicken-wing chain has expanded its offerings and continued to grow brand awareness. Watch the video to find out how Wingstop became one of the hottest restaurant stocks of the year.Correction: Wingstop General Manager named at 0:22 and 1:50 should be June Ragin.Chapters:0:00 Introduction1:43 Chapter 1 - Steady growth6:10 Chapter 2 - Mitigating threats8:55 Chapter 3 - What’s aheadProduced and Shot by: Ryan BakerEdited by: Darren GeeterAdditional Camera: Natalie RiceAnimation by: Christina LocopoSupervising Producer: Jeniece PettittEditorial Support: Tala HadaviAdditional Footage: Wingstop, Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBCHow Wingstop Became One Of The Hottest Restaurant Stocks
Why The U.S. Can’t Build Homes Fast Enough CNBC 2024-08-25 | Large homebuilders have used mergers and acquisitions to grow their positions in several key housing markets since the 2008 subprime mortgage crisis. The industry's consolidation coincides with a slowdown in construction productivity and contributes to escalating prices for buyers and renters, experts say. As an economic tightening cycle initiated by the Federal Reserve freezes real estate development, politicians are promoting policy tools that could alter how homes are built in the U.S.Chapters:00:00-01:06 Cold Open 01:06-03:40 Chapter 1 - Home supply 03:40-08:16 Chapter 2 - Mergers & acquisitions 08:16-11:11 Chapter 3 Regulation Produced and Edited by: Carlos WatersSupervising Producer: Lindsey JacobsonAnimation: Jason ReginatoAdditional Footage: Federal Reserve, Getty ImagesAdditional Sources: Associated Press, American Enterprise Institute, Census Bureau, Competitive Enterprise Institute, D.R. Horton, Federal Reserve, Hogan Lovells, John Hopkins University, Lennar, National Association of Home Builders, U.S. Securities and Exchange Commission, White House, Zillow, Zumper» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#homeownership #homebuyers #realestate Why The U.S. Can’t Build Homes Fast Enough
How Google Makes Custom Cloud Chips That Power Apple AI And Gemini CNBC 2024-08-23 | Google was the first cloud provider to make its own custom AI chips, called TPUs, when they first came out in 2015 - a trend both Amazon and Microsoft followed years later. Now, Apple has revealed it uses TPUs to train its AI models, positioning Google chips as an alternative to Nvidia's market-leading GPUs. CNBC got an exclusive look inside the lab where Google makes its chips, and its top executive showcased TPU Version 6, Trillium, and its new Arm-based CPU, Axion, both coming out later in 2024.Chapters:2:02 Starting a trend5:03 AI and Apple7:42 Broadcom and TSMC9:44 Processors and powerProduced and Shot by: Katie TarasovEdited by: Evan Lee MillerSupervising Producer: Jeniece PettittAnimation: Christina LocopoAdditional camera: Marc Ganley, Kaan Oguz, Lisa SetyonEditorial Support: Jennifer Elias, Jordan NovetAdditional Footage: Apple, Arm, Getty Images, Google, Meta, Microsoft, Nvidia» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#apple #AI #GoogleHow Google Makes Custom Cloud Chips That Power Apple AI And Gemini
What The Rise Of Fake Job Listings Says About The Job Market CNBC 2024-08-22 | Ghost jobs are on the rise, even as the U.S. labor market appears healthy. While data suggests a tight job market, many workers still struggle to find employment, revealing a gap between statistics and reality. Interestingly, the rise of ghost job listings may play a significant role in this disconnect.Chapters:0:00 Introduction1:21 Chapter 1 - Rise of ghost jobs3:58 Chapter 2 - The job market6:44 Chapter 3 - Spotting ghost jobs10:00 Chapter 4 - What’s next?Produced by: Anuz ThapaEdited by: Tim HurtNarration by: Jordan SmithAnimation by: Jason ReginatoSupervising Producer: Lindsey JacobsonAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Workplace#JobsWhat The Rise Of Fake Job Listings Says About The Job Market
How A Strong Dollar Can Backfire On The U.S. Economy CNBC 2024-08-21 | In 2022, the U.S. dollar reached its highest level since the early 2000s, but the dollar index has been trending downward as of August 2024. A weaker dollar is not necessarily a bad thing for consumers. A strong dollar may lead to higher prices for American consumers and reduced demand for U.S. exports, which can result in layoffs in key industries. Managing the value of the dollar is a balancing act, which can present challenges for the U.S. president, the Federal Reserve and other policymakers.Chapters:0:00 Introduction1:37 Why the value of the dollar matters2:56 Why the dollar skyrocketed6:03 How the president can impact the dollarProduced by: Charlotte MorabitoAdditional Reporting by: Jeff Cox, Gina FrancollaAdditional Camera by: Juhohn Lee, Emily RabbideauEdited by: Nora RapapportAnimation: Christina LocopoSupervising Producer: Lindsey JacobsonAdditional Footage: Getty Images, Reuters» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Fed#currencyHow A Strong Dollar Can Backfire On The U.S. Economy
Why Airlines Like American Are Scrambling To Make Engines Last Longer CNBC 2024-08-20 | A jet engine is the most important part of a commercial airplane. And repairing them has become a $58 billion dollar business. (Source: AeroDynamic Advisory)A commercial jet engine is a complex, expensive machine, made up of thousands of parts. Engines typically stay in service for about 30 years and need to be taken off wing and overhauled roughly every 5-8 years. An engine overhaul can range from $4-15 million dollars. The process involves disassembling it and replacing all the worn or damaged parts like blades which can cost up to $30,000 a piece.While passengers are flying in record numbers, manufacturing and supply chain problems have persisted post-pandemic. Boeing and Airbus delays on new aircraft have forced some airlines to fly older planes longer to keep up with demand. And the after market has been booming for older engines.Demand for old engines, coupled with an engine recall has led to long delays in maintenance shops. Before the supply chain issues, a typical narrowbody engine took 60-75 days to overhaul and that time has gone up in some cases to over 200 days.While hundreds of airlines use outside companies, legacy carriers like Delta and American Airlines perform engine maintenance in-house.American said it’s on track to increase engine overhauls by 60% compared to past year. CNBC traveled to Tulsa, Oklahoma to get an inside look at how it works and explores the outlook for the market.Correction 1:14 - The date this Reuters article was published was September 11, 2023.Chapters:2:06 How engines work 3:23 Engine market 5:40 How engines are maintained 9:35 Supply chain problemsProduced, shot and edited by: Erin Black Animations by: Jason Reginato Supervising Producer: Jeniece Pettitt Editorial Support: Leslie Josephs» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#Airlines#AirplanesWhy Airlines Like American Are Scrambling To Make Engines Last Longer
How Americans Are Losing Their Life Savings To Crypto Fraud CNBC 2024-08-18 | “Pig butchering” scams got its name from the idea that scammers “fatten up” victims by building trust, and the strategy has amassed billions in stolen funds—particularly in the form of cryptocurrencies.Losses from investment scams soared 38% to a new record high in 2023, according to the FBI’s Internet Crime Report. Of the $4.57 billion in funds reported stolen, $3.96 billion involved fraudulent crypto investments. So, why are these scams so successful and what is law enforcement doing about it?Chapters:0:00 - Intro2:03 - What is pig butchering?4:40 - Tracing funds on the blockchain9:12 - OutlookProduced, Shot, and Edited by: Kaan OguzAnimation: Christina Locopo, Jason ReginatoManaging Producer: Jordan SmithAdditional Footage: Getty Images» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevisionAbout 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 be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024: https://cnb.cx/3WiasGBConnect with CNBC News OnlineGet the latest news: cnbc.comFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC on Threads: https://cnb.cx/threadsFollow CNBC News on X: https://cnb.cx/FollowCNBCFollow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC#CNBC#crypto #cryptoworld How Americans Are Losing Their Life Savings To Crypto Fraud
