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From CNBC. BMW debuted its refreshed version of the 7 Series sedan, the brand’s full size flagship vehicle in April. It’s the most extensive update BMW has undertaken. The company’s North American boss said it won’t give up on sedans, even though many other luxury and premium automakers have. SUV’s now outsell sedans by a…
From CNBC. Automakers, battery makers and suppliers directed hundreds of billions of dollars into electric vehicle investments across the U.S. in recent years, and almost half of that had been planned for the South. But companies have now canceled EV plans and some have faced write-downs.
From CNBC. John Ternus will become Apple’s eighth CEO in September, continuing a tradition of internal promotion at the iPhone maker. Industry experts have long speculated that the 50-year-old Ternus would become Cook’s eventual successor. Over the last 25 years at Apple, Ternus has become a key architect of the tech giant’s robust product pipeline,…
From CNBC. Whether U.S. and Iranian officials can negotiate the opening of the Strait of Hormuz this week is being closely watched not only by global investors but also by the Chinese town that brings you Christmas. Yiwu is known as China’s Christmas capital and is home to hundreds of factories producing artificial trees, tinsel,…
From CNBC. U.S. importers could be due more than $160 billion in tariff refunds after the U.S. Supreme Court ruled the White House’s emergency tariff authority was unconstitutional in February. Some of the biggest winners are American retailers who have faced billions of dollars of added costs from foreign imports over the past year. CNBC’s…
From CNBC. Lowe’s sales have been in a slump since its pandemic highs, but the home improvement retailer is hoping to tap into new generations as part of the solution. CNBC’s Melissa Repko breaks down Lowe’s latest retail initiatives.
From CNBC. Kevin Warsh, if confirmed, may be the wealthiest Federal Reserve Chairmen in U.S. history. His financial disclosures indicate holdings of over $135 million. The paperwork indicates stakes in emerging companies like Polymarket and SpaceX, governance roles at companies like Coupang and UPS, alongside vast investments in funds tied to Warsh’s time working with…
From CNBC. Kevin Warsh, if confirmed, may be the wealthiest Federal Reserve Chairmen in U.S. history. His financial disclosures indicate holdings of over $135 million. The paperwork indicates stakes in emerging companies like Polymarket and SpaceX, governance roles at companies like Coupang and UPS, alongside vast investments in funds tied to Warsh’s time working with…
From CNBC. The International Energy Agency on Thursday warned that the Middle East crisis is hurting Europe’s airline industry, which is on the brink of running out of jet fuel. As Europe heads into its peak travel season, a continued blockade of the Strait of Hormuz could lead to hundreds of flight cuts, disrupting travel…
From CNBC. For its first 30 years, Nvidia wasn’t a household name unless you were a gamer. Now, some of its original fan base feel left behind now that AI has made the chipmaker into the world’s most valuable company. Nvidia popularized the graphics processing units, or GPUs, that make the best video game play…
From CNBC. The U.S. blockade on Iranian ports is President Trump’s latest attempt to pressure Iran to reach a deal to end the war. Yet Iran is unlikely to be the only country feeling the economic pain. CNBC’s Garrett Downs breaks down what the move could mean for Asia, U.S. consumers and the future of…
From CNBC. The main demand signal for artificial intelligence looks explosive on paper, but it may be significantly overstated. Token consumption, the basic unit of AI usage, is becoming a distorted metric. Companies like Shopify and Meta have created internal "tokenmaxxing" leaderboards that track how many tokens employees use, and Nvidia CEO Jensen Huang said…
From CNBC. The main demand signal for artificial intelligence looks explosive on paper, but it may be significantly overstated. Token consumption, the basic unit of AI usage, is becoming a distorted metric. Companies like Shopify and Meta have created internal "tokenmaxxing" leaderboards that track how many tokens employees use, and Nvidia CEO Jensen Huang said…
From CNBC. Grocery stores like Kroger are using AI to help find value for perishable food that would otherwise end up in the trash. The data being generated by Flashfood and companies like it are giving retailers insights into consumer behaviors like showing what products will sell, at what price and at what point they…
From CNBC. SUVs and pickups have really taken over the US car market. But with average vehicle prices so high, some automakers are still selling healthy numbers of sedans and other low-roofed passenger cars. Kia, Toyota, and Volkswagen, among others have kept sedans in the market, and EVs like the Tesla Model 3 are popular.…
From CNBC. Artificial intelligence is reshaping cybersecurity across the crypto industry. While Bitcoin itself is considered resilient, the platforms that connect users to their assets may be more vulnerable. AI can scan complex software systems quickly, uncovering hidden flaws and enabling faster attacks. This shift is forcing crypto companies to rethink how they protect their…
From CNBC. America’s largest grocer, Walmart, is giving its biggest private label brand, Great Value, a refresh after more than a decade. While it has an 87% household penetration rate, players like Aldi and Amazon are catching up. CNBC’s retail reporter Melissa Repko has more. Produced, Shot and Edited by: Ryan Baker Reporter: Melissa Repko…
From CNBC. America’s largest grocer, Walmart, is giving its biggest private label brand, Great Value, a refresh after more than a decade. While it has an 87% household penetration rate, players like Aldi and Amazon are catching up. CNBC’s retail reporter Melissa Repko has more. Produced, Shot and Edited by: Ryan Baker Reporter: Melissa Repko…
From CNBC. Global energy prices are rising as traffic through the Strait of Hormuz remains more than 90% below pre-war levels. While the U.S. remains insulated to a certain extent, domestic prices are also moving higher – especially in California. Almost 75% of California’s crude oil is imported from abroad according to the California Energy…
From CNBC. Dame Louise Richardson, president of the Carnegie Corporation of New York, discusses how Andrew Carnegie’s legacy continues to influence education, democracy, and opportunity in America today.
From CNBC. Eastman Kodak’s CEO, Jim Continenza, says he’s working to remedy the health of the company’s once debt-laden financials. The more than 100-year-old company has found success in Hollywood where film has seen a resurgence in recent years. Watch the video to learn about Kodak’s attempt at a turnaround. Produced, Shot, and Edited by:…
From CNBC. The Navy Exchange, which is owned by the U.S. government, has long provided discounted, tax free goods to military members and their families. The profits all go back to helping to improve welfare programs for those enrolled in the Navy, but, in recent years, sales have declined and is now in the process…
From CNBC. The Navy Exchange, which is owned by the U.S. government, has long provided discounted, tax free goods to military members and their families. The profits all go back to helping to improve welfare programs for those enrolled in the Navy, but, in recent years, sales have declined and is now in the process…
From CNBC. From aviation to logistics, the U.S.-Iran war is threatening Dubai’s economic sectors beyond just oil. Even with a fragile ceasefire in place, the conflict is undermining the city’s reputation as a safe haven and threatening its recent economic rise. CNBC’s Emma Graham and Dan Murphy break down how the war could impact the…
From CNBC. The minivan has ticked back up in sales in recent years, and is a surprisingly significant share of sales for those still in the segment–Honda, Toyota, Kia, and Chrysler. The Pacifica minivan is the only model line Chrysler sells–something that has led industry watchers to fear the legendary American brand is on its…
From CNBC. Meta has launched Muse Spark, its most powerful AI model yet and the first major product from Chief AI Officer Alexandr Wang’s newly formed Meta Superintelligence Lab. The release comes as the company ramps capital expenditures to as much as $135 billion this year, nearly double last year’s spend, raising the stakes for…
From CNBC. Tens of millions of Americans are taking GLP-1 drugs, which cause rapid weight loss. Now, clothing retailers are expecting a sales boost as many users are changing sizes and want to show off their progress. Here’s how companies are adapting to expected tailwinds and what they could do to meet demand. CNBC’s Melissa…
From CNBC. There’s a new bottleneck in the AI chipmaking process that happens almost entirely in Asia right now: advanced packaging. It connects smaller chips together into a larger chip like a GPU, so it can communicate with data centers and more. As Nvidia books the majority of capacity, TSMC prepares to break ground on…
From CNBC. The CNBC Housing Market Survey asks a group of top real estate agents about local market conditions and buy/seller sentiment. In the first quarter of 2025, buyers were more concerned about the economy and mortgages rates than they were about home prices, according to respondents. CNBC’s Diana Olick reports. Reporter: Diana Olick Produced…
From CNBC. The CNBC Housing Market Survey asks a group of top real estate agents about local market conditions and buy/seller sentiment. In the first quarter of 2025, buyers were more concerned about the economy and mortgages rates than they were about home prices, according to respondents. CNBC’s Diana Olick reports. Reporter: Diana Olick Produced…
From CNBC. Novo Nordisk’s weight loss pill is expanding the obesity treatment market as an alternative to injectable GLP-1 medications. CNBC spoke with patients about their experience on the pill and explains how the drug is facing competition from Eli Lilly’s oral weight loss pill. Watch the video to learn more. Produced, Shot, and Edited…
From CNBC. CNBC Marathon dives into the world of convenience stores. One of America’s largest convenience store chains, Wawa, has gained a cultlike following in its home markets of Philadelphia and South Jersey due to its sharp focus on food and customer service. Its revenue is estimated to have more than doubled since 2014, and…
From CNBC. With casualties from the U.S.-Israel war with Iran mounting, social media has become a notable battleground in the conflict. Both sides are using memes to communicate their message and sway public sentiment. CNBC’s Kevin Breuninger breaks down how the Iran war is being fought online. Reporter: Kevin Breuninger Produced and Edited by: Macklin…
From CNBC. On April 2, 2025, President Trump introduced higher ‘reciprocal’ tariff rates for U.S. importers. Since then, companies and entire countries have worked to reduce their trade tax bills by altering supply chains and striking deals with the White House. The Supreme Court then determined that many of these heightened tariff rates lacked sufficient…
From CNBC. This week marks one year since President Trump’s "liberation day," which enacted sweeping tariffs across industries. CNBC explains how the retail, automotive, pharmaceutical, and consumer package goods sectors have been affected. Watch the video to learn more. Produced and shot by: Ryan Baker Reporter: Laya Neelakandan Animation by: Emily Park, Jason Reginato Senior…
From CNBC. CNBC got an exclusive first look at Arm’s first ever in-house chip, the AGI CPU, purpose-built for running AI inference in data centers. Meta is the first official customer for the new chip, with seven other committed customers including OpenAI, Cloudflare and SAP. CNBC’s Katie Tarasov has the details.
From CNBC. CNBC’s Gabrielle Fonrouge digs into how supplement company Thorne became one of Gen Z’s favorite wellness brands. Younger consumers are spending more on wellness products than their parents did, according to Thorne. The 42-year-old supplement company has seen huge growth. Produced, Shot and Edited by: Natalie Rice Reporting by: Gabrielle Fonrouge Animation: Emily…
From CNBC. Steve Jobs founded Apple 50 years ago this week on a simple idea: democratize computing by putting personal computers in the hands of anyone. Now, Apple is going against that founding mission by standing in the way of what could become the most empowering tool for ordinary people in software history — AI…
From CNBC. Infiniti has released its first all-new vehicle in five years – the QX65, a mid-size SUV aimed to revive the once nostalgic brand in the U.S.. The diminished lineup has driven sales to about a third of what they were in 2017, when Infiniti hit a US record. CNBC’s Robert Ferris has the…
From CNBC. Apple turns 50 at a moment when it’s losing the AI race and doing something once almost unthinkable: opening Siri to rival chatbots and leaning on Google’s Gemini to close the gap. But some of the people who helped build Apple, including co-founder Steve Wozniak, former CEO John Sculley and Siri’s co-founders, suggest…