From CNBC. Generative AI has developed so quickly in the past two years, massive breakthroughs seemed more a question of “when” rather than “if.” But in recent weeks, Silicon Valley has become increasingly concerned that advancements are slowing. One early indication is the lack of progress between models released by the biggest players in the…

From CNBC. Facebook changed its name to Meta in October 2021 and CEO Mark Zuckerberg used the occasion to show the world his vision of a digital future of work and play accessible through a VR headset. Two months later the company launched its virtual universe, Horizon Worlds. Propelling the metaverse hype to an all-time…

From CNBC. Thermal batteries could be the next big thing in energy storage, and companies like Rondo Energy and Antora Energy are betting big on them. Instead of using materials like lithium, these systems store excess electricity as heat in things like bricks or graphite, reaching over 3,000°F. That heat can then power factories or…

From CNBC. While many U.S. malls face anchor store closures and empty parking lots, some are finding new life by becoming housing. Real estate developers are building housing inside of or next to shopping malls as department stores like Macy’s, JCPenney and Sears shrink or cease to exist. At least 192 U.S. malls planned to…

From CNBC. British automaker Jaguar once made cars that turned the automotive world upside down. But today, after years of slumping sales, its future is uncertain. In a bold bid to reinvent itself, it is all but completely shutting down production and wiping the slate clean. The plan: double down on luxury, and sell EVs…

From CNBC. Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4%, according to research by the Economic Policy Institute. This trend has often been referred to as wage stagnation. But more recently, some economists have suggested that deliberate policy decisions have actively suppressed workers’ wage growth.…

From CNBC. CNBC examines China’s rapidly growing automotive industry, focusing on its technological advancements, increasing exports, and a lack of interest in American car brands. BYD, backed by Warren Buffett and recognized as China’s leading car brand, overtook Tesla in Q4 2023 as the world’s top electric vehicle (EV) manufacturer, selling more battery-powered vehicles than…

From CNBC. For years, Amazon has set the bar for package delivery. When Prime launched in 2005, two-day shipping was unheard of. By 2019, one-day shipping was standard for millions of items. Now, the retail giant is turning to generative AI to drive more same-day shipping. Find more on how they are using generative AI…

From CNBC. 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…

From CNBC. CNBC Marathon examines some of the challenges facing the labor market such as job hunting, remote work, and quiet cutting. A staffing firm Insight Global found that recently unemployed full-time workers applied to an average of 30 jobs, only to receive an average of four callbacks or responses. So why does it feel…

From CNBC. CNBC’s Pippa Stevens reports from Orsted’s South Fork Wind which is the first commercial-scale offshore wind project in the U.S. The Biden administration has a target of 30 gigawatts of offshore wind power by 2030, but rising interest rates and supply chain hurdles have hit the industry. Read more on why offshore wind…

From CNBC. Earlier this month, Musk and former Republican presidential candidate Vivek Ramaswamy were tapped by Trump to lead a government efficiency group called the Department of Government Efficiency, or DOGE. This government group, they said, will “pursue three major kinds of reform: regulatory rescissions, administrative reductions and cost savings.” As head of the Department…

From CNBC. For years, Honda was regarded one of the most innovative companies in the world–one full of surprises. It made cheap cars, but also supercars and engines for Formula 1 teams. A few models are among the world’s most popular. It is also the world’s largest engine manufacturer. But it has not held onto…

From CNBC. Americans spent more than $17 billion on iced coffee, cold brew and frozen coffee drinks in 2023, which is doubled the amount spent in 2016. The largest U.S. coffeehouse chain, Starbucks, reported that cold drinks accounted for 76% of its beverage sales in its fiscal 2024 third quarter. The National Coffee Association found…

From CNBC. Half of Americans believe the result of the 2024 presidential election will directly affect their personal finances, according to a survey. But experts say the president’s power over the economy might be greatly exaggerated. Watch the full video: https://youtu.be/74EgRT7cjMA

From CNBC. Roughly one in three U.S. adults aged 18-34 live with their parents, 2024 Census data shows — a trend sustained over two decades despite economic shifts. Experts say these economic shocks have left young adults financially vulnerable, with many staying home to save for goals like homeownership. For some, staying home offers financial…