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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow cargo thieves are infiltrating U.S. supply chainsCargo thieves are stealing millions of dollars worth of goods every year. Strategic cargo theft is surging, where criminals engage in identity theft and internet-based fraud. CNBC visited supply chain risk management company Overhaul's Louisville, Kentucky, operations to get an inside look at how the industry is fighting back. Watch the video above to learn more.
Organizations: CNBC Locations: U.S, Louisville , Kentucky
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why the U.S., China, India, Japan and others are rushing back to the moonTo date, only five nations, the U.S.,Russia, China, Japan and India, have completed a successful soft landing on the moon. But bolstered by evidence of the presence of water and other natural resources, many more nations and private companies are now seeking to get to the moon. And whoever is able to establish a significant lunar presence first could have big implications on Earth as well as the cosmos.
Locations: U.S, China, India, Japan, Russia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe business behind budget airlines like Ryanair and SpiritThe low-cost business model was first implemented by Pacific Southwest Airlines in 1949 and perfected by Southwest Airlines in the early 1970s. Today, low-cost carriers like Ryanair in Europe and Spirit Airlines in the U.S. make up almost a third of all global airline capacity. These airlines use several strategies to keep costs down including limiting their amenities to the bare minimum and charge for add-ons such as seat selection, food and luggage.
Organizations: Ryanair, Pacific Southwest Airlines, Southwest Airlines, Spirit Airlines Locations: Europe, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Apple doubled down on the expensive custom chip business, edging out Intel and starting a trendApple has designed its own custom chips for iPhones since 2010, kicking off a trend followed by other non-chip giants like Google, Microsoft, Amazon and Tesla. In November, CNBC became the first journalists to film inside an Apple chip lab, where it tests its latest M3 chips that replaced Intel processors in all new Macs. We also got a rare chance to talk with Apple's head of silicon, Johny Srouji, about geopolitical risks in Taiwan, slowdowns, and what's next in AI.
Persons: what's Organizations: Intel, Apple, Google, Microsoft, CNBC Locations: Taiwan
How safe is tap water in the U.S.?
  + stars: | 2023-11-30 | by ( Lindsey Jacobson | Jason Reginato | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow safe is tap water in the U.S.? The U.S. ranks only 23rd in the world for safe drinking water, which is near the bottom of comparable nations. There are issues with both what is in tap water and how it is transported. Toxins like PFAS, arsenic and lead pollute some drinking water. Watch the video to find out how safe tap water is in the U.S., how to protect yourself and how investments can clean up U.S. water.
Organizations: U.S, EPA Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerica's firetrucks are becoming electrified. Here's howOshkosh Corporation is an $8.3 billion maker of firetrucks, tactical vehicles, news vans, mail trucks and construction lifts, among other things. Its Pierce brand is the largest maker of firetrucks in North America. Between 2012 and 2021, home fires alone took nearly 3,000 lives, caused more than 11,000 injuries and nearly $9 trillion in damage. It won a $3 billion contract to build the next generation USPS delivery truck.
Persons: Pierce Organizations: Oshkosh Corporation, USPS Locations: Oshkosh, North America
Why getting divorced costs so much
  + stars: | 2023-11-21 | by ( Emily Lorsch | Tala Hadavi | Alex Wood | ) 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 getting divorced costs so muchDivorces are not uncommon in the U.S. They're also not cheap. While no one plans on getting divorced, if you have to get divorced there are ways to keep your costs down. Watch this video to learn what you can do to prevent your divorce from being a significant financial burden on yourself and your family.
Persons: They're Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the U.S. lost thousands of high-skilled workers to CanadaIn July, Canada opened applications for a pilot program that would allow up to 10,000 H-1B visa holders in the U.S. to apply for a three-year open-work permit in Canada. Since then, more than 6,000 high-skilled U.S. foreign workers have arrived in Canada. CNBC spoke with several foreign tech workers and immigration consultants to uncover the story of how the U.S.'s bureaucratic visa process pushed thousands of high-skilled workers north.
Organizations: CNBC Locations: U.S, Canada
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
What's wrong with U.S. cash
  + stars: | 2023-11-07 | by ( Mark Licea | Jason Reginato | 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 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 EmailHow to retire with $1 million if you're making $120,000 per yearYou can save $1 million for retirement while making $120,000 per year, but it's easier if you start investing as soon as possible. Here's a breakdown of how much of your salary you'll need to invest.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicron is building the biggest-ever U.S. chip fab, despite China banMicron, Samsung and SK Hynix are responsible for making 90% of the world's DRAM memory chips, and Micron is the only one based in the U.S. That's made it the latest target of bans from China. Yet Micron is spending $115 billion to build the biggest chip project in U.S. history. CNBC visited Micron in Idaho and talked to Gov. Kathy Hochul in New York to hear about the new fabs. We also asked Senate Majority Leader Chuck Schumer about Micron ahead of his meeting with Chinese President Xi Jinping.
Persons: That's, Kathy Hochul, Chuck Schumer, Xi Jinping Organizations: Micron, Samsung, SK Hynix, CNBC Locations: China, U.S, Idaho, New York
The rise of airport lounges
  + stars: | 2023-10-21 | by ( Erin Black | Christina Locopo | Alex Wood | ) www.cnbc.com   time to read: 1 min
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 EmailWhy New York will charge up to $23/day to drive into ManhattanDrivers crossing through Manhattan's central business district will face a new toll beginning in the Spring of 2024. The fee is expected to be between $9 and $23 per day for drivers entering or exiting during peak traffic hours. Regional planners believe "congestion pricing" will nudge more drivers onto transit. The MTA is using the toll revenues to reinvest in its aging infrastructure. The funds will go toward improvements to system reliability, accessibility and sustainability.
Organizations: Manhattan Drivers, MTA Locations: York, Manhattan's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerica's billion-dollar tornado problemTornadoes are a billion-dollar problem in the United States. From 2018 to 2023, there have been 17 billion-dollar climate disasters involving tornadoes. The costs are expected to grow, but the U.S. is not helpless when it comes to tornado damage. Engineers know how to build stronger structures that can withstand high winds. Part of the challenge of creating more tornado resilience in the U.S. is that building codes are generally a local and a financial decision.
Organizations: Engineers Locations: United States, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow GlobalFoundries rose to be the world's third-biggest chip foundryIn its short 14-year history, GlobalFoundries has risen to the world's third-largest chip foundry. While it's not making the most advanced nodes or seeing huge gains from AI, it's quietly helping power nearly every connected device. GlobalFoundries is the only top foundry based in the U.S., giving it an edge as tensions with China cause concern over reliance on Asia-made chips. Now it's spending $7 billion to expand in Singapore, Germany, France, and New York, where CNBC got this firsthand look.
Persons: GlobalFoundries, it's Organizations: CNBC Locations: U.S, China, Asia, Singapore, Germany, France, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe global controversy around deep sea miningThere are billions of tons and billions of dollars worth of critical minerals in the deep sea. However, the debate over whether or not to extract them has become a global controversy, due to potential ecological disruptions and the lack of international regulations governing this type of mining. One corporation, The Metals Company, is forging ahead and planning to begin extraction by 2025, leaving many concerned that this timeline is too aggressive considering the absence of global governance.
Organizations: The Metals Company
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow inflation expectations and consumer behavior can manifest higher pricesWhat people believe may happen to prices in the future can influence actual inflation. "People behave in accordance with their expectations and with their sentiment and attitudes towards the economy," Joanne Hsu, director of the Surveys of Consumers at the University of Michigan, told CNBC. Watch the video above to learn more about how inflation expectations are measured, why the Federal Reserve cares so much about what Americans predict and how consumer behavior can manifest higher prices.
Persons: Joanne Hsu Organizations: Consumers, University of Michigan, CNBC, Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the U.S. economy needs debt, according to some economistsThe U.S. national debt hit nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up the difference. The national debt is frequently discussed as a danger to future generations, but some economists say that, unlike household debt, there's no reason to get the national debt down to zero. Most economists warn, however, that there's a balancing act when it comes to the national debt.
Organizations: U.S Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Qualcomm is betting big on AI and auto to hold onto wireless dominanceQualcomm long reigned as the world's biggest fabless chip company, pioneering the cellular age and making the modems inside nearly every smartphone today. But ChatGPT sent Nvidia's revenue soaring past Qualcomm's in August, and Apple is working on its own modems for iPhones in 2024. Now, Qualcomm is diversifying into smart cars, chips for VR headsets and a push to power generative AI off the cloud. CNBC got a look at Qualcomm's chip lab in San Diego to learn more.
Persons: ChatGPT Organizations: Qualcomm, Apple, CNBC Locations: San Diego
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Meta's $19 billion bet on WhatsApp could finally start paying offFacebook, now called Meta, acquired WhatsApp for a historic $19 billion in 2014. Today, over half of the world's internet users are on WhatsApp, but the free messaging service has never generated much revenue. WhatsApp is looking to change that by leaning into its business messaging services, in which companies pay a fee to interact with customers on the platform. But it remains to be seen whether this will take off, especially in the U.S., where WhatsApp has struggled to gain traction.
Persons: WhatsApp Organizations: Facebook, Meta Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy airplane boarding is inefficient — and likely to remain soWe all know airplane boarding isn't the most exciting part of a trip. But have you ever questioned why the process isn't faster? There are different boarding methods: front-to-back; back-to-front; random; unassigned seating; and window, middle, aisle (WILMA). CNBC got a behind-the-scenes look in Atlanta where Southwest Airlines is prototyping new solutions to speed up the process. Will we soon see a faster boarding method?
Persons: WILMA Organizations: CNBC, Southwest Airlines Locations: Atlanta
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat it costs to save a town from sea-level riseThe Quinault Indian Nation, located about 150 miles west of Seattle on the Washington coast, has experienced severe flooding due to sea-level rise over the past few years. And it's only poised to get worse. So with the assistance of state and federal funding, the tribe is preparing to move a mile up the hill, where a new village is being built. But relocation is a long and expensive process, and questions remain about how tribal members will afford the move.
Locations: Quinault, Seattle, Washington
Why penny stocks are so risky
  + stars: | 2023-08-21 | by ( Andrea Miller | Jason Reginato | Lindsey Jacobson | ) 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 penny stocks are so riskyAs more retail investors trade penny stocks, innocent traders could be become victims. These equities are more vulnerable to fraud and have a history of multimillion-dollar scams. "I'm getting a lot of calls from investors who are duped and getting scammed by penny-stock operators," Jacob Zamansky, an investment fraud lawyer, told CNBC. Watch this video to learn more about how penny stocks inspired a new breed of investors, high-stakes gamblers, risk-taking fraudsters and enforcement crackdowns.
Persons: I'm, Jacob Zamansky Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThese companies are leading the charge to manufacture materials in spaceSpace offers a unique environment for research and development because its higher levels of radiation, microgravity and near vacuumless state allow companies to come up with new manufacturing methods or materials that are not possible on Earth. CNBC spoke with two companies, California-based Varda Space Industries and UK-based Space Forge, to see how the startups hope to make manufacturing in space a profitable business.
Persons: Varda Organizations: Space, CNBC, Varda Space Industries Locations: vacuumless, California
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