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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

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy warning labels are so terrifyingU.S. consumers seem to be inundated with scary warning labels, but the fear may be necessary. Research shows people don't pay attention unless these labels elicit strong emotion. Experts say the rise in warning labels over the past several decades may be backfiring due to desensitization of the potential risks products carry. Watch the video above to learn more about the increase in scary warning labels and why experts are concerned it's not enough.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what's stopping cities from converting offices into apartmentsSome U.S. mayors are loosening up rules that determine how developers convert office buildings into apartment complexes. The conversion trend sped up in the 2020s, as the Covid pandemic remote work boom reshaped cities. Declines in office leasing activity is constraining funding for services like education and transit, leading some local leaders to prioritize conversion of dated buildings. These rule changes may create some additional housing supply in regions like the U.S. East Coast.

Organizations: U.S . Locations: U.S, U.S . East Coast

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Citigroup is planning its comebackSince the company's collapse during the 2008 recession, Citigroup's stock has continuously struggled, with shares falling more than 30% over the past five years. In response, Jane Fraser, the CEO of Citigroup, announced a bold shift in company strategy, doubling down on wealth management while exiting 14 consumer markets outside of the United States since April 2021. So has Citi's bet paid off and can the onetime financial colossus return to its former glory?

Persons: Jane Fraser Organizations: Citigroup Locations: United States

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerica's $2 billion peanut butter industryPeanut butter is a $2 billion dollar industry in the U.S. and has continued to increase profits yearly as purchases grow and prices rise, though peanut butter's price has remained low. Peanut butter has has a 90% household penetration rate, meaning it is seen in most American households. With that legacy, it's a delicate balance for top brands to innovate while still being consistent with expectations. Three brands hold the top market share — Jif, Skippy and Peter Pan.

Persons: Skippy, Peter Pan Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat happened to Skype? At its height, Skype – a telecommunications app founded by Scandinavian entrepreneurs Niklas Zennström and Janus Friis, and Estonian engineers Ahti Heinla, Priit Kasesalu, Jaan Tallinn and Toivo Annus – had 560 million registered users. In 2005, just two years after its launch, the app was acquired by eBay. Microsoft then acquired Skype in 2011 for $8.5 billion. Now that Microsoft has rival Teams, the future of Skype is uncertain.

Persons: Niklas Zennström, Janus Friis, Ahti Heinla, Priit Kasesalu, Jaan Tallinn, Toivo Annus –, what's Organizations: Skype, eBay, Microsoft, CNBC Locations: Toivo, Silver

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside America's largest asphalt maker and road paver94 percent of the roads in the U.S. are paved with asphalt. Companies like CRH - the largest road paver in America - are newly flush with billions from the US government which is the largest buyer of asphalt in the country. Some in the business say it's the golden age of infrastructure. The Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure law, is adding $1.2 trillion, a 40% to 50% increase over the previous FAST Act. But there are some strings attached.

Organizations: Infrastructure Investment, Jobs Locations: U.S, America

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy New York City is more expensive than LondonNew York ranked one of the most expensive cities in the world in 2022 whereas London ranked 28th, according to Worldwide Cost of Living 2022 from Economist Intelligence. It would cost approximately $9,500 US dollars to maintain the same lifestyle as about $7,200 dollars would get you in London, according to data collection project Numbeo. Watch the video above to learn more about the cost of living in New York City and London and why people choose to live there despite the inflated price tag.

Organizations: London New York, London, Economist Intelligence Locations: York City, London, New York City

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Charles Schwab became the largest publicly traded U.S. brokerageCharles Schwab is the largest publicly traded brokerage business in the U.S., a leading provider for financial advisors, a top ETF asset manager and one of the biggest banks. It benefited from the retail investing boom over the pandemic, and it's now facing the consequences of the Fed's aggressive rate hikes. Watch the video above to learn more about how Charles Schwab battled the ever-evolving financial services market from fees to fintech, and how the reward doesn't come without the risk.

Persons: Charles Schwab Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Samsung became the world's second biggest advanced chipmakerSamsung may be known for its phones, TVs and appliances, but it's also been the leader in memory chips for more than three decades. Now, as memory prices continue to fall, it's doubling down on manufacturing chips for outside customers, with a $17 billion new chip fab in Texas and new $228 billion cluster in South Korea. CNBC got a rare look inside Samsung's chip business to bring you the untold story of how it became the world's second biggest advanced chipmaker, with plans to catch TSMC.

Persons: it's Organizations: Samsung, CNBC Locations: Texas, South Korea

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow new lithium extraction tech could help meet EV targetsA suite of new, but largely unproven, technologies known as direct lithium extraction could revolutionize lithium mining from brine, making it more efficient and sustainable and eliminating the need for large evaporation ponds. A number of companies including EnergyX, Lilac Solutions, and Standard Lithium are entering the DLE market and getting ready for commercial implementation across South America and the U.S., while automakers like BMW, GM and Ford are investing.

Organizations: EV, Solutions, South, BMW, GM, Ford Locations: South America, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy inflation is so stickyEverything is more expensive. Overall consumer prices are about 13% higher than they were in April 2021 and Americans are feeling the pain. Inflation, or the rate prices are increasing in the general economy, has been a persistent problem the past two years. The Federal Reserve had hoped inflation would normalize as the pandemic's volatility subsided, but prices have stubbornly stayed well above its 2% goal. Watch the video above to learn why inflation sticks around and what we can do about it.

Organizations: Federal Reserve

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how banks finance credit card rewardsRewards credit cards are everywhere and Americans love them. About 90% of all credit card spending is on rewards cards. In 2019, consumers received about $35 billion in rewards. But how are banks paying for all these perks? Some economists claim there's an annual redistribution of more than $15 billion from less to more educated, poorer to richer and high- to low-minority areas, widening existing disparities.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow UnitedHealth Group grew its annual revenue by more than $100B over the past decadeUnitedHealth Group is the biggest health-care conglomerate in the U.S. based on market cap and revenue. It's even bigger than JPMorgan Chase, the nation's largest bank. Annual revenue has nearly doubled over the past decade, when adjusted for inflation, from $144 billion in 2012 to $250 billion in 2022. The company's growth was fueled by an acquisition strategy that has been largely free of regulatory scrutiny. Watch the video above to learn how UnitedHealth grew so big and what that means for U.S. health care.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon drones make 100th delivery, lagging far behind Alphabet's Wing and Walmart partner ZiplineAmazon says its Prime Air drones recently completed 100 deliveries in two small U.S. markets. Meanwhile, competitors like Alphabet's Wing and Walmart partner Zipline have made hundreds of thousands of deliveries, although most of those have been overseas in Australia and Africa. The U.S. is a tough regulatory environment, with strict rules about flying over roads and people and beyond line of sight. Yet some companies have been granted broader certifications. Here's how Amazon fell behind.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Chile is shaping the global lithium industryChile contains some of the largest and highest quality lithium-brine resources in the world. And with demand booming for electric vehicles and the lithium-ion batteries that power them, Chile's vast salt flats have become a vital national resource. Now, the government has released its long-awaited national lithium policy, which requires private companies to partner with the state to further develop the country's lithium resources, ushering in a new era for the industry. 21:22 38 minutes ago

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPorsche's $100 million EV alternativeMore than 70% of Porsche cars ever made are still on the road, according to some estimates. But to protect that heritage with electric vehicles on the rise, the German automaker has invested $100 million in eFuels, a class of carbon-neutral synthetic energy. Opponents are skeptical, calling eFuels expensive and inefficient. But Porsche and eFuel maker, HIF Global, believe they can reach large-scale production within a few years and prove skeptics wrong.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Americans are saving less in 2023Americans started the 2020s with a personal savings boom. The trillions in excess personal savings built up in the pandemic are beginning to vanish amid high inflation, according to Federal Reserve economists. The annual savings rate fell to a 15-year low in 2022. It started a recovery in 2023, but remains well below long-term trends. Despite this slowdown in saving, consumer spending has remained robust, keeping the U.S. from recession.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy European workers have better vacation policies than AmericansThe United States is the only advanced economy that doesn't guarantee workers paid time off. And nearly half of those who are offered paid vacations don't take the days, even though roughly 80% of U.S. workers receive some sort of paid time off. In France, in contrast, the cultural norm is to take off the entire month of August. But not taking vacation could be harmful to both workers' health and the economy. Watch the video above to learn more about the vacation story of these two cultures.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what led Virgin Orbit to bankruptcyVirgin Orbit seemed like a promising company. It was well capitalized, had a dedicated team of talent and a functioning launch system. But launch delays, an inability to land a major customer and an evolving satellite launch market eventually got the company in hot water. Watch the video to find out more about what led to Virgin Orbit's eventual bankruptcy.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy OSHA is investigating Amazon for 'failing to keep workers safe'For years, Amazon warehouse workers have been speaking up about unsafe conditions and how they risk injury to churn out millions of packages every day. Now their claims are being backed up by federal investigators who cited Amazon for "failing to keep workers safe" and new 2022 injury data that shows Amazon workers get injured at a rate of 6.9 for every 100 workers. CNBC spoke with workers who've been hurt and asked the government, and Amazon, what's being done to make these warehouses safer.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy cities are filling up with luxury apartmentsAn apartment building boom is unfolding in the U.S. This is a welcome signal as many cities remain stuck in a housing shortage. The shortfall in home supply has pushed many people into budget-stretching rents. Many of the new multifamily structures feature "luxury" amenities, such as pools and easy access to transportation. Washington policymakers are now attempting to address regulations that slow the pace of homebuilding, in an attempt to resolve rent inflation concerns.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise of dumb phonesDumb phones are growing in popularity in the U.S., and they still make up about a quarter of mobile phones actively in use worldwide. Affordability in developing countries is a significant benefit, but their resurgence in the U.S. may be tied to concerns about the mental health impact of smartphones, especially among younger generations.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy predicting the weather is so hardWeather forecasting is a complicated task for the National Oceanic and Atmospheric Administration that begins with collecting billions of observations per day on metrics like temperature and wind speed. This information is then fed into supercomputers that produce weather models that meteorologists use to come up with forecasts. But these models are not perfect. Now, NOAA is exploring buying data as a service from startups like Tomorrow.io and Saildrone to improve its forecasting.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWho makes money from eggsEggs are a $10 billion industry and while the top five players hold an estimated 38% of the entire market, Cal-Maine Foods holds 16.8%. With prices more than doubling in 2022, profits have reached record highs. Watch this video to learn who profits from the egg industry.

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