From CNBC. Indonesia has become the world’s leading producer of nickel, supplying over 40% of global demand crucial for electric vehicle batteries. This surge is driven by partnerships with China, which has improved local refining capabilities. Meanwhile, the United States faces challenges with limited nickel supply, mining just 17,000 metric tons in 2023 compared to…

From CNBC. While the Olympics is one of the biggest sporting events in the world, it comes with a hefty price tag for the cities hosting the games. Since 1960, every Olympics has overspent its budget by building new venues, Olympic villages, and public infrastructure. For the 2024 Paris Summer Olympics, it aims to become…

From CNBC. Former President Donald Trump launched Truth Social to fight what the company calls liberal bias within Big Tech. After a buzzy initial public offering, the former president stands to personally profit, despite early reports of the company’s low revenue and massive quarterly losses. Trump’s controlling stake could cover his potential legal obligations, which…

From CNBC. East Coast U.S. seaports are poised for a big decade. In Baltimore, a public-private partnership invested $550 million into Seagirt Marine Terminal to handle consumer cargo arriving on larger ships. The government’s spending on port infrastructure is part of an attempt to revive the U.S. industrial base. Watch the full video to see…

From CNBC. Automakers are rushing to produce cheaper EVs and profitably. While the costs and challenges of improving batteries often hog the spotlight, automakers are also investing billions into new manufacturing methods that can change the way cars are made. One such method is gigacasting or megacasting – using high pressure molds to form molten…

From CNBC. The land below many U.S. cities is sinking. Known as land subsidence, this natural and man-made phenomenon can have a direct effect on home values and put critical infrastructure such as railroads and airports in danger. Luckily, some land subsidence can be reversed. “It’s not cheap and it’s not easy. But we have…

From CNBC. Despite the high cost of over $30 million per plane, the business of converting planes remains in high demand, with conversion slots sold out for several years. More here: https://youtu.be/9FDznXX-F7w

From CNBC. American outlet malls have been a popular destination for bargain hunting Americans and international tourists for decades. But the pandemic and fierce competition from e-commerce giants like Amazon and Shein have been devastating for the near $65 billion industry. While full-price shopping malls have experienced a near full recovery from the pandemic, outlet…

From CNBC. From fully autonomous fast-food chains to smart carts lining grocery store parking lots, the way the food industry looks is changing due to massive investment in AI technology. The American consumer is starting to pull back on spending and rising food and labor costs are causing the food industry to invest more into…

From CNBC. Concerns about inflation and interest rates are now at a two-year high, according to a recent report by credit reporting agency TransUnion. But while consumer sentiment has been improving, workers remain at least somewhat sour on the state of the economy. The disconnect between the economy’s overall strength and its perceived weakness among…

From CNBC. Automakers are offering steep discounts on electric vehicles, and especially on leases. In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of EV buyers did. By May, nearly 70% of customers getting EVs through dealerships were leased. But EV leasing is…

From CNBC. Before co-founding AI biotech startup Inceptive, Jakob Uszkoreit helped invent the transformer, the foundational concept underpinning generative AI. As a researcher at Google in 2017, Uszkoreit was one of the eight authors of the seminal “Attention is All You Need” paper. Now, he’s working to transform the way drugs are developed and how…

From CNBC. Commercial space flight is becoming more and more common with companies including SpaceX, Blue Origin and Virgin Galactic all having flown paying customers into space over the last several years. But soon, those interested in seeing the earth from an unusual vantage point may have another option. A number of startups are hoping…

From CNBC. Humanoid robots are catching the attention, and billions of investment dollars, from big tech companies like Amazon, Google, Nvidia and Microsoft. Elon Musk is betting the future of Tesla on these machines, predicting its robot, Optimus, could propel it to a $25 trillion market cap. Powered by artificial intelligence, these bots have seen…

From CNBC. Aidan Gomez is the CEO and co-founder of Cohere and he’s been at the center of generative AI since its early days. He was an intern at Google in 2017 when he helped write the foundational paper that conceptualized the transformer – the tech that makes generative AI possible. Now he’s focused on…

From CNBC. Just a decade ago, clothing retailer Express was at the top its game. Shopping malls were all the rage and remote work was in the distant future, and the company’s annual sales reached $2.5 billion from its about 700 stores around the country. But after the departure of its CEO, Micheal Weiss, in…

From CNBC. It’s no secret that buying a home has gotten more expensive in the U.S. But the cost of keeping and maintaining a home has gotten significantly pricier, too, which might come as a surprise to some buyers. The “hidden costs” of homeownership add up to an average $18,118 annually, or $1,510 a month,…

From CNBC. CNBC Marathon examines a variety of factors that lead to car ownership in the U.S. being so expensive, from auto loans to repairing your vehicle. A car loses about 10% of its value as soon as it’s driven off the lot. And within the first three years, that number goes up to 50%.…

From CNBC. President Joe Biden and former President Donald Trump share common ground on tariff policy. While some policymakers argue that tariffs can be a tool to protect and help grow domestic industries and ensure national security, tariffs may also result in unintended economic consequences that cost U.S. consumers billions. Trump’s trade war tariffs generated…

From CNBC. Two federal judges in Kansas and Missouri have temporarily halted significant parts of President Joe Biden’s new student loan repayment plan, putting debt relief for millions of Americans in jeopardy. The Biden administration is pausing student loan payments for about three million borrowers who are enrolled in its new repayment plan as it…

From CNBC. More than one-third of summer vacationers say they are willing to take on debt to pay for travel this season, according to a March 2024 report from Bankrate. The average vacation for one person in the U.S. costs nearly $2,000 per week, according to BudgetYourTrip.com. An analysis by Forbes Advisors found that 28%…

From CNBC. Meme stock celebrity Keith Gill, aka ‘Roaring Kitty,’ has been dominating headlines since his online reappearance in May 2024 after a three-year hiatus. Watch the video to see how his return has reignited the meme stock craze and whether his GameStop bet could make him a billionaire: https://youtu.be/hYqWBcGG2QM

From CNBC. Illia Polosukhin is one of the “Transformer 8,” a group that many call the founding fathers of generative AI. They co-wrote a paper at Google in 2017 that established the core concept that makes generative AI possible: transformers. Polosukhin left Google before the paper was published to co-found Near, an AI startup and…

From CNBC. While Netflix may get most accolades for winning the streaming wars, YouTube has been the most watched streaming platform in the U.S. for the last 15 consecutive months. Its recent dominance is predicated on taking over the living room as a direct competitor to Netflix and every other streaming service. Watch the video…

From CNBC. Cocoa prices have been soaring this year, hitting record highs and causing headaches for candy companies. While hedging contracts protect the likes of Hershey and Mondelez for now, high cocoa prices could change how they think about innovation. Read the full story here: https://cnb.cx/4c2msBn

From CNBC. The number of buy now, pay later loans increased nearly 1,100% between 2019 and 2021, according to data compiled by the Consumer Financial Protection Bureau. The debt that accumulates from these loans is referred to as "phantom debt," because it’s unclear just how much is out there and how well consumers are paying…

From CNBC. Private labels have exploded in popularity as consumers’ perspectives have shifted, and as inflation has skyrockets in recent years. Sales increased 34% between 2019 and 2023, totaling $236.3 billion. Costco dominates not only in the club channel, but beyond, with its famous private label Kirkland Signature threading more than 300 products. But Sam’s…

From CNBC. Sometimes, it pays to pay with cash. More merchants are offering a lower price to customers who use cash rather than credit card for a purchase. That means opting for paper over plastic may save you money in some cases. But, there are times when credit cards have distinct advantages to cash. Find…

From CNBC. Meme stock champion Keith Gill, aka ‘Roaring Kitty,’ has been dominating headlines since his online reappearance in May after a three-year hiatus. Wall Street closely follows his posts, which usually consist of memes. Interestingly, these memes have caused significant volatility, especially in GameStop stock. Watch the video to see how his return has…

From CNBC. Inflation is top of mind for voters heading into 2024’s election. That could make the Federal Reserve subject to pressure from politicians. The Fed has held interest rates at restrictive levels as incumbent President Joe Biden touts his economic performance. During his time in office former President Donald Trump criticized the Fed for…

From CNBC. Nvidia’s rise to becoming a $3 trillion happened in record time. The chip company makes the high-end computer chips that power AI tools like ChatGPT and the cutting edge data centers that more and more companies need access to. But rivals like AMD and Intel are trying to catch up? Can they take…

From CNBC. Car payments have skyrocketed in recent years – a result of high interest rates and high prices. Pandemic era shortages are partly to blame. But larger structural factors are, too. For years customers have been clamoring for fancier cars, and automakers have raked in the profits. In the short term, rising incentives and…

From CNBC. Move over family travelers. Gen Zs are set to make the biggest splash this summer, with surveys showing they are upping their vacation plans and spending more than older travelers. But how are they affording it? Read more: https://cnb.cx/3WWHa0V

From CNBC. Former U.S. President Donald Trump was found guilty of 34 counts of falsifying business records during his hush money criminal trial in New York City. That’s a class E felony punishable by a fine, probation or up to four years in prison per count. CNBC’s Dan Mangan breaks down the different legal scenarios…

From CNBC. Over the last decade, Abercrombie & Fitch pulled off one of retail’s greatest comebacks, transforming from a dying mall brand into a Wall Street darling. Its stock surged 24% on May 29th after reporting yet another strong quarter. But the turnaround didn’t happen overnight. Watch the video above to learn more about how…

From CNBC. Inflation is top of mind for voters heading into 2024’s election. That could make the Federal Reserve subject to pressure from politicians. The Fed has held interest rates at restrictive levels as incumbent President Joe Biden touts his economic performance. During his time in office former President Donald Trump criticized the Fed for…

From CNBC. Markets often respond to Fed comments with big price swings, and recent research shows they are particularly reactive to Fed Chair Jerome Powell. When it comes to "Fed speak," how much is too much? https://youtu.be/hSWA0O1JUw0

From CNBC. Boeing’s Starliner is a human-grade space capsule designed to take astronauts to and from the International Space Station. Boeing began work on the capsule in 2014, when it signed a $4.2 billion contract with NASA under the agency’s Commercial Crew Program. NASA also selected SpaceX for the job, giving Elon Musk’s company $2.6…

From CNBC. Americans traveling this summer have broadly seen prices fall for airline fares, a welcome trend after last year’s sticker shock. But airfare remains more expensive in 2024 for some regions and destinations, largely for trips abroad, data shows. Read more for ways you can save on your trip, according to experts: https://cnb.cx/3WNaeYs

From CNBC. Analysts call Five Below one the success stories of U.S. retail. It has continuously added new stores and generated strong revenue growth. However, as of late, the discretionary discount store’s volatility has been exposed. The company missed Wall Street expectations on revenue and same-store sales in the fourth quarter of 2023 and first…

From CNBC. Former U.S. President Donald Trump was found guilty of a long list of criminal charges last week for his role in covering up payments to adult film star Stormy Daniels. The verdict has added to a long list of legal battles that are costing the former president significant time and money in the…

From CNBC. Former U.S. President Donald Trump was found guilty of a long list of criminal charges last week for his role in covering up payments to adult film star Stormy Daniels. The verdict has added to a long list of legal battles that are costing the former president significant time and money in the…

From CNBC. Walmart’s hometown of Bentonville, Arkansas has become a surprising boomtown with many amenities you might expect to find in New York, Austin or San Francisco – fancy restaurants, expensive craft cocktails, beautiful biking and running paths, a world-class art museum and a soon-to-open medical school. The town has more cranes per capita than…

From CNBC. Today, China has the manufacturing capacity to supply half the world’s cars. And it has its eyes on the United States. While there are already Chinese-owned brands available in the states, including Volvo, Polestar and Lotus, no true Chinese brands have arrived in the U.S. as of yet. Insiders say it’s only a…

From CNBC. Spaving – or spending more to save more – is a long-time tactic used by retailers to get consumers to spend on things they don’t necessarily need, usually on impulse. As inflation persists and prices remain high, enticing deals and offers are attractive to cash-strapped consumers, but the financial pitfall could seriously affect…

From CNBC. Historical data suggests the key factor in bringing down prices is a slowdown in consumer spending. Despite nearly half of Americans reporting feeling in a worse financial situation than five years ago, they’re still spending. Watch this video to learn more about why prices will likely remain high: https://youtu.be/CHdOnJhr6mY

From CNBC. Only 34% of Americans are satisfied with how much they are paid at work, according to a March 2023 Pew Research Center survey. Career experts urge people to do market research before making a decision of whether to negotiate for more money or find a new job. Sometimes a discrepancy in pay between…

From CNBC. Cars are collectively a ‘privacy nightmare’ that has gone unaddressed for far too long, according to the Mozilla Foundation. A 2023 report from the group says privacy policies give automakers like GM, Nissan, Tesla and Toyota far too much access to personal data and latitude in what they do with it. Some high…

From CNBC. Demand for copper is surging. The red metal, considered a barometer for economic health, is a vital component for the construction and defense industries as well as a key ingredient in electric cars, wind turbines and the power grid. Offshore wind, for example, requires about “three times as much copper as does coal-fired…

From CNBC. U.S. defense spending and military aid costs are adding up. President Joe Biden signed a $95 billion U.S. military aid package in April 2024, allocating funding to Ukraine, Israel, Taiwan and the Indo-Pacific region. Watch the full video to learn more about where the U.S. sends military aid and personnel and how defense…

From CNBC. The pickup truck segment is perhaps Detroit’s last stronghold in the automotive market. And American manufacturers lead or outright dominate three out of four segments – compact, full-size and heavy duty are all led by Ford, GM and Stellantis. But for for the mid-size category, Toyota is king. The Toyota Tacoma outsells all…