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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Apple, Amazon and Qualcomm base their chips on Arm, helping it become the year's biggest IPOArm beat expectations in its first post-IPO earnings report Wednesday. Its low-power chip architecture is in nearly every smartphone, replaced Intel's x86 processors in Apple's Mac computers, and is the basis for Qualcomm's PC processors, and Amazon's data center chips. CNBC went to Arm in Cambridge, England, to find out how it became the year's biggest IPO despite 20% of revenue coming from China, struggling smartphone sales, and a failed $40 billion acquisition attempt by Nvidia.

Organizations: Amazon, Qualcomm, CNBC, Nvidia Locations: Cambridge, England, China

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's wrong with U.S. cashThe U.S. hasn't updated physical currency like the rest of the world. Other countries have turned lower denomination bills into coins and paper notes have been converted to polymer. While electronic payments are on the rise in the U.S., physical cash is circulated more than ever. Experts claim that the choice to continue printing paper notes is fueled by special interests but the Federal Reserve says changing currency is costly and complex.

Organizations: U.S, Federal Reserve Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the $40 billion tuna industryOnce a staple in American homes, canned tuna consumption dropped 45.7% between 2000 and 2021. That is mainly due to changing consumer preferences, sustainability concerns, market consolidation and a major price-fixing scandal between Bumble Bee and StarKist that lasted nearly a decade. Despite this, in 2020, the U.S. remained the top importer. The industry, largely controlled by conglomerates such as Thai Union Group, saw a pandemic-driven demand spike in 2020, but that has since declined.

Persons: Bumble Organizations: U.S ., Thai Union Group Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy EV sales have slowedIn October 2023, it took nearly twice as long to sell an EV in the U.S. as it did in January. Prices of EVs are down 22% year-over-year and that's mainly driven by Tesla. About two thirds of total EVs sold are from Elon Musk's brand. Companies like Ford have ramped up hybrid production as demand for electric has leveled off. While slightly more than half of consumers say EVs are the future and will eventually replace ICE vehicles, less than a third of dealers say so.

Persons: EVs, what's Organizations: Tesla, Elon Musk's, Companies, Ford, ICE Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow homeowners associations became so powerfulMore than 80% of newly built single-family homes sold in 2022 belonged to a homeowners association, according to the U.S. Census Bureau. HOAs tout themselves as a value-add to homeowners, specifically when it comes to maintaining high property value, but not everyone is pleased with these organizations. More than half, 57%, of homeowners with an HOA dislike the arrangement, and more than 3 in 10 say they feel their HOA has too much power, according to a 2023 survey from Rocket Mortgage.

Organizations: . Census, Rocket Mortgage

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy burying power lines for wildfire prevention is effective but so costlyBurying power lines is an expensive but sure-fire way to practically eliminate the risk of utility-caused wildfires, which have devastated towns across California. PG&E, the nation's largest utility, has been found liable for numerous wildfires in the state, and has a plan to underground 10,000 miles of distribution lines in fire-prone areas. But this plan would cost tens of billions of dollars and would be paid for by customers, causing some to advocate for cheaper, alternate options.

Locations: California

Over the past couple of years, airlines and credit card companies such as American Airlines, United Airlines, Chase and Capital One have been investing millions into expanding their airport lounge networks for customers. According to Chase, lounge access is often the top-cited reason for its credit card sign-ups, and by the end of 2023, Delta said it would add 2,700 seats to its lounges. However, lounges have become so popular that some face overcrowding, and companies such as Delta are making it harder to get airline status.

Persons: Chase, Delta Organizations: American Airlines, United Airlines, Chase, Capital

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe study of UFOs goes mainstreamFor decades, much of the discourse around UFOs has been confined to science fiction movies and novels. In the absence of government commentary on the topic, conspiracy theories around the U.S. hiding alien life and technology in secret compounds like Area 51 have run rampant. In an attempt to address potential national security questions, Washington, D.C. has taken up the charge to publicize and legitimize the study of unidentified anomalous phenomena, or UAPs, as the military is calling UFOs.

Locations: Washington

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the U.S. bets so big on soybeansSoybeans contributed $124 billion to the U.S. economy in 2022. The versatile crop is used in food and animal feed worldwide. The U.S. was once the No. 1 global producer but has since lost its dominance to Brazil, which has helped push American farmers into such alternative uses as biofuel and bioplastics. Watch the video above to learn more about how the U.S. lost its stronghold in soybean exports, China's influence on that global trade and the future demand of this often overlooked legume.

Locations: U.S, Brazil

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow soaring demand for Ozempic and Wegovy have led to Novo Nordisk's meteoric riseNovo Nordisk has experienced astounding growth in the past few years with its new diabetes and obesity care drugs, Ozempic and Wegovy. Besides what they've done to transform the company's financials, the drugs also boast the potential to help solve the obesity crisis along with aiding in the treatment of cardiovascular diseases. Analysts say the drugs could be worth up to $300 billion annually in the near future.

Organizations: Novo Nordisk

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCan superyachts go electric? Solar-powered electric yachts have hit the superyacht market. Silent Yachts and Sunreef Yachts are two companies working on developing this technology. Allied Market Research predicts the solar boat industry will grow 14% by 2031 to $2.4 billion. CNBC headed to the Cannes Yachting Festival to get an inside look at the companies building solar-powered electric yachts, and to explore the challenges the technology faces in playing a wider role in the future of maritime transportation.

Organizations: Silent Yachts, Sunreef Yachts, Allied Market Research, CNBC, Cannes Yachting Festival

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Wonder Bread has stood the test of timeWonder Bread generated nearly half a billion dollars in sales for its owner Flowers Foods in 2022. However, healthier alternatives like whole wheat bread and sourdough now dominate the U.S. bread market. While Wonder Bread is not nearly as popular as it once was, it remains a stable contributor of its parent company's total portfolio.

Organizations: Flowers Foods

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy manufacturing is coming back to the U.S. The Biden administration is spending big on industrial policies, such as the CHIPS and Science Act and the Inflation Reduction Act, to bring semiconductor and electric vehicle manufacturing to the U.S. But some economists warn against the dangers of the government playing favorites in a free market. So how exactly is the U.S. government convincing manufacturers to return? And will that high-stakes bet pay off?

Persons: Biden Organizations: U.S Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how Outback Steakhouse in Brazil is keeping the brand afloatOutback Steakhouse has found unexpected success in Brazil. The South-American nation is responsible for an astonishing 83% of Bloomin' Brands' total international sales. In the first half of 2023 alone, sales skyrocketed by 61%, foot traffic surged by 42% and the average check jumped by 19.2% compared to the same period in 2022. Those numbers are in stark contrast to Outback's operations in the U.S. So, what is the secret behind this Australian-inspired steakhouse's takeover in Brazil?

Locations: Brazil, The, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Hawk-Eye replaced hundreds of line judges at the U.S. OpenSince 2022, the U.S. Open has had no line judges. Instead, the tournament uses Hawk-Eye Live, an electronic line calling system, to judge whether a ball is in or out. In 2011, Sony purchased Hawk-Eye and the company has grown since then. Hawk-Eye covers the majority of tennis tournaments on the WTA and ATP tours and has a presence in the MLS, NFL, WNBA and soon the NBA. CNBC traveled to the U.S. Open to speak with the Hawk-Eye team to understand how it works in tennis and other major sports.

Organizations: U.S, U.S ., Sony, WTA, MLS, NFL, WNBA, NBA, CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to invest in real estate without buying a homeReal estate investment trusts are tax-advantaged funds that buy and manage properties worldwide. They give investors exposure to the market for housing without the burden of a mortgage. These funds traditionally support strip malls, hotels and apartment complexes. Today, many diversified firms offer exposure to rental housing, data centers and industrial assets. U.S. REITs control $4.5 trillion in real estate assets and analysts envision more growth ahead.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Wall Street trades student loansStudent loans are a big business. The U.S. has amassed more than $1.7 trillion in outstanding student debt. But while more than 43 million Americans are currently holding student debt, many are unaware of what exactly happens with their loans after they are issued. Billions of dollars worth of student loans are packaged and sold as assets known as SLABS to some of the biggest investors in America. So what exactly are SLABS and how do they help Wall Street profit from student loans?

Locations: U.S, America

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how Kia went from being an underdog to one of the most popular car brands in the worldFor many of its early years in the U.S., Kia was a low-cost value brand, and its cars were often criticized for poor quality, reliability and design. But with a brush with bankruptcy and a 51% stake investment by Hyundai Motor Group, Kia grew fast, started winning awards and became one of the most desired car brands. Sales have increased threefold in the U.S. over the past 20 years. But growing too fast and catering to a higher-income customer comes with a fair share of challenges.

Persons: Kia Organizations: Hyundai Motor Group, Kia Locations: U.S

☆ Why U.S. immigration policies may be hurting economic growth
▼ + stars: | 2023-08-26 | by ( Lindsey Jacobson | Christina Locopo | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy U.S. immigration policies may be hurting economic growthIn 1986, Congress passed the Immigration Reform and Control Act, which made it extremely difficult to hire people to work without authorization in the U.S. Today the U.S. has more than 9 million open roles and only 5.8 million job seekers, according to the Bureau of Labor Statistics. Meanwhile, millions of people are in limbo, waiting to immigrate to the U.S. and even more are likely to come as climate change drives more people to migrate. While immigration alone is unlikely to fix the worker shortage, many advocates think it could help alleviate the labor crisis.

Organizations: Immigration Reform, Control, U.S ., Bureau of Labor Statistics Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Constellation Brands bet big on Modelo. And won against Bud LightConstellation Brands, which owns the U.S. licensing rights to Mexican beers like Modelo, Corona, Victoria and Pacifico is on fire. For the first time in 22 years, Modelo Especial beat out Bud Light as the country's top-selling beer in May. Constellation reported revenue of $2.5 billion in the quarter ending May 31, a 6.4% increase from the same quarter last year. The company's beer business delivered double-digit net sales growth of 11%.

Persons: Bud, Bud Light Organizations: Constellation Brands, Modelo, Bud Light Constellation Brands, Pacifico, Modelo Especial, Constellation Locations: Corona, Victoria

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Americans can't stop living paycheck to paycheckAlmost three-quarters, 72%, of Americans say they aren't financially secure given their current finances and more than a quarter of Americans said they'll likely never be financially secure, according to a survey by Bankrate. With well over half of Americans living paycheck to paycheck, many are failing to meet some of their modest financial goals. So how did it become so difficult to be financially secure in America, and what can you do about it?

Persons: they'll Locations: America

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why the U.S. is having so few roundaboutsResearch shows roundabouts reduce crashes, clear up congestion and can save cities money. But America has a fraction of the roundabouts that far smaller countries like France, Spain and the United Kingdom have. Some states are adopting them, and the small town of Carmel, Indiana, now leads European cities. So why haven't more U.S. cities done this? Are they are all they are cracked up to be?

Locations: America, France, Spain, United Kingdom, Carmel , Indiana

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy airlines are investing millions on bigger and fancier seatsAirlines have been spending big to add more space and comfort to seats on board planes. According to AeroDynamic advisory, airplane seats were a $2.6 billion dollar market globally in 2022, almost half of $6.2 aircraft interiors market. U.S. airlines like American, Delta and United have been adding more premium seats to their fleets. CNBC got an inside look at how seats are made, and to find out why they are becoming an increasingly important part of an airline's business.

Organizations: CNBC Locations: U.S, Delta

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit's rise and recent revoltsReddit has grown to become one of the most popular websites in the world, but the company's recent API price increases have put many third-party Reddit apps out of business, leading to protests from the company's contingent of volunteer moderators. As Reddit looks to go public, ongoing tension between its leadership team and the Reddit community at large could impact its valuation.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow China's satellite navigation technology is challenging U.S. GPSFor decades, the United States has been a leader in satellite navigation technology thanks to GPS. But in 2020, China launched the last satellite needed to complete its own global system called Beidou. Since then, the influence of Beidou has grown, with an estimated 1.1 billion people now using the system. Experts say Beidou underpins not only China's military ambitions, but is also spurring economic growth in the country and increasing its diplomatic leverage.

Organizations: GPS Locations: United States, China, Beidou

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