Why Phoenix Became A Hot Spot For Tech Companies

From CNBC. While cities like Austin, Texas have garnered attention for drawing tech companies away from Silicon Valley, another hub is emerging as a major power player — Phoenix, Arizona. The fifth largest U.S. city has been a longtime hub for aerospace and defense, now it’s becoming an epicenter of semiconductor manufacturing and autonomous vehicles.…

Nissan Is Fighting To Survive But Its Future Looks Grim

From CNBC. Nissan’s pending merger talks with its archrival Honda may give be its best shot at surviving. The third largest Japanese automaker by volume is struggling in multiple regions around the world, including the US and China. Cheaper, fresher alternatives are pushing it out of developing markets, while US dealerships day they are plagued…

Why Americans Can’t Find Starter Homes

From CNBC. Starter homes are typically modest in price and under 1,400 square feet. These units accounted for 40% of new residential construction in 1982, and just 9% in 2023. Economists say starter homes are disappearing as home builders contend with rising costs for land, labor and materials while navigating increasingly thick layers of regulation.…

Inside Google’s AI chip lab

From CNBC. Google was the first cloud provider to make its own custom AI chips, called TPUs, when they first came out in 2015 – a trend both Amazon and Microsoft followed years later. Now, Apple has revealed it uses TPUs to train its AI models, positioning Google chips as an alternative to Nvidia’s market-leading…

Why Chrysler Has Nearly Disappeared

From CNBC. The Chrysler name was once one of the most recognizable in the American automotive industry. A bankruptcy and two mergers later, it is just a tiny brand some fear will face extinction. Its lineup has been whittled down to two models of one vehicle – a minivan. But its brand CEO, Christine Feuell,…

What Went Wrong With Spirit Airlines?

From CNBC. Spirit Airlines filed for bankruptcy protection in November 2024, the first major U.S. airline to do so since 2011. The iconic budget airline hasn’t had a profitable year since 2019 and it’s lost more than $2 billion since 2020. Faced with mounting losses and looming debt payments, Spirit has furloughed hundreds of pilots…

Why Food Prices Are Still So High In The U.S.

From CNBC. As inflation cools considerably, prices for items like gasoline, used cars and energy have all declined accordingly. But food prices continue to outpace inflation, increasing by 28% since 2019. 86% of consumers reported feeling frustrated with rising grocery prices, and over a third said they have resorted to buying fewer items to save…

How Vuori Is Taking On Lululemon And Alo Yoga

From CNBC. Southern California-based athleisure brand Vuori has quickly made a name for itself in a saturated industry largely dominated by Lululemon and private Alo Yoga. In 2021, the company raised $400 million from Japanese SoftBank, the largest investment round by any private apparel brand at the time. In November 2024, it landed another investment…

Why men are dropping out of the workforce

From CNBC. A growing number of men in their prime working years, ages 25 to 54, are dropping out of the workforce. About 10.5% of that group, or roughly 6.8 million men nationwide, were neither working nor looking for employment in August 2024, according to the U.S. Bureau of Labor Statistics. For why this is…

Why Getting A ‘Good’ Job Feels So Difficult | CNBC Marathon

From CNBC. A cooling labor market brings about many challenges for the working class, including barriers to entry-level jobs and layoffs. Additionally, lifestyle inflation and rising levels of debt have made it more difficult to achieve the American dream, once deemed attainable with a six-figure salary. In this video, CNBC Marathon explores the challenges of…

Why Amazon, Microsoft, Google And Meta Are Investing In Nuclear Power

From CNBC. Tech leaders are exploring nuclear power as a solution to the massive energy needs of their data centers, sustainability challenges, and the growing demands of their AI initiatives. SMRs, a new type of nuclear reactor, are gaining attention for their ability to provide round-the-clock power with minimal emissions. As some of the largest…

How Amazon And E-commerce Are Impacting Seasonal Retail Jobs

From CNBC. Holiday shopping is changing as e-commerce reshapes retail jobs. This year, retailers are adding 520,000 seasonal jobs, down from 564,000 last year, with a growing focus on online fulfillment. While e-commerce is continuing to drive retail sales growth, it’s also causing a decline in in-store positions. E-commerce giant Amazon is leading holiday hiring…

How Amazon Haul Is Taking On Temu With Cheap Goods From China

From CNBC. In November, Amazon quietly launched Haul, a mobile-only section of its shopping app for items under $20. They take at least a week to arrive because they’re largely coming from China. Haul is Amazon’s answer to the soaring success of ultra-cheap budget online shopping apps like Temu, Shein and TikTok Shop. The space…

Why Nike Is Struggling

From CNBC. Nike is the world’s largest sportwear brand but the company is on a mission to regain its stride after a challenging year. A series of poor earnings reports over the past year eventually wiped out $28 billion from the company’s market cap and in June, the company experienced its worst trading day ever…

Why Restaurants Have Become So Important To Shopping Malls

From CNBC. Foot traffic to suburban shopping malls has returned to pre-pandemic levels and high-end malls are thriving. Yelp found that 17 out of the top 25 brands driving consumers to malls are restaurants, and the dining options for visitors have moved well beyond the traditional food court that would include chains like McDonald’s, Chipotle…

Why Fed Rate Cuts Aren’t Making Mortgages Cheaper

From CNBC. Federal Reserve interest rate decision can affect the cost of mortgages. But that link from the Fed to your monthly payment isn’t direct. Fed decisions affect the investors demand for debt products like treasury bills and mortgage-backed securities. The shifting demand will, in turn, affect the rates Americans pay for new mortgages. Meanwhile,…

How Employees Are Coffee Badging To Avoid Full Days At The Office

From CNBC. Experts indicate that workplace trends often reflect the current job market. During the pandemic, when there was high demand for workers, the concept of ‘quiet quitting’ became a dominant theme. However, as the job market tightens, especially for white-collar positions, ‘coffee badging’ is trending. Watch the video above to learn more. Chapters: 0:00…

How China Is Challenging Elon Musk’s Starlink Satellite Service

From CNBC. In early December, China launched its third batch of low Earth orbit, or LEO, internet satellites for a constellation called Qianfan or “Thousand Sails” as it’s also known. The project aims to rival SpaceX’s Starlink and will be made up of 15,000 satellites. China is also working on two other satellite constellations: Guo…

Why Fast-Food Companies Are Going All In On Chicken Tenders

From CNBC. To counter slumping sales, fast-food companies are either bringing chicken tenders back to their menus or experimenting with how they’re normally eaten, like putting them in a salad or in a wrap. Nearly 50% of fast-food operators carry chicken tenders, up 5.7% since 2019. In October, struggling chicken chain and Yum Brands subsidiary…

How Gen Z Is Reviving U.S. Shopping Malls

From CNBC. Despite a number of closures, U.S. malls are making a comeback, due in part to a surge in younger shoppers. Almost 60% of shoppers 18- to 34-year-old say they shop at the mall "often" or "sometimes" compared with just 48% of 35- to 54-year-olds, according to market research firm Ipsos. Members of Generation…

Has AI Already Peaked?

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…

How Thermal Batteries Could Replace Lithium-Ion Batteries

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…

How Jaguar Plans To Save Itself

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…

Why middle-class wages aren’t growing

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.…

China’s Auto Takeover: BYD Vs. Tesla And The Battle For EV Supremacy | CNBC Marathon

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…

Why It’s So Hard To Be A Worker Right Now | CNBC Marathon

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…

How Elon Musk’s Plan To Slash Government Agencies And Regulation May Benefit His Empire

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…

How Honda Is Trying To Be Cool Again

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…

Why Americans Love Iced Coffee

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…