This Former Tesla Employee Fixes Tesla Roadsters

From CNBC. Carl Medlock used to work at Tesla. Now he’s one of the few people in the U.S. that can fix the company’s original Roadster car. Medlock & Sons in Seattle rehabs Tesla Roadsters, and can fix any electric car — they also convert internal combustion engine vehicles into pure battery electrics. Roadster drivers…

How The US-China Trade War Turned Into A Currency War

From CNBC. The Trump administration has turned its sights on China’s currency as the two countries continue to trade blows in the ongoing trade war. In early August 2019, the U.S. Treasury Department designated China as a currency manipulator, shortly after the yuan fell sharply and send markets into a tailspin. Here’s what a currency…

How Amazon Fends Off Unions

From CNBC. Amazon workers have held an increased number of protests over the last year, which is one sign that momentum to organize has picked up among some of its 650,000 worldwide employees. But unionizing efforts so far have not succeeded. Amazon increased minimum wage to $15 an hour last year and offers generous benefits.…

The Rise Of Toyota

From CNBC. Toyota became one of the world’s largest automakers by churning out cars, trucks, and sport utility vehicles. In the United States several models were among the country’s best selling cars in 2018 including the Toyota Corolla, Camry, Highlander and Tacoma. Over the years, Toyota has grown a reputation for being affordable, reliable, safe…

Inside The City Where Waymo Tests Self-Driving Vehicles

From CNBC. In Chandler, Arizona, a suburb of Phoenix, Waymo’s fleet of 600 minivans shuttling people from place to place. Ordering one feels almost exactly like calling a Lyft or Uber, except for one thing: the vans drive themselves. Alphabet’s Waymo has been testing self-driving vehicles in Arizona since 2017 and we got a look…

Google, Facebook, Amazon And The Future Of Antitrust Laws

From CNBC. U.S. antitrust law dates back to 1890, but it’s been largely out of the spotlight for twenty years. Now, with antitrust concerns swirling around Big Tech companies and major telecommunications mergers, it’s back. Watch this video to find out how US antitrust law evolved and what it means for America’s biggest businesses. »…

The Rise And Fall Of AOL

From CNBC. At its peak in December 1999, AOL had a market capitalization of $222 billion dollars. Since then, the influx of broadband internet and the burst of the dot-com bubble reduced the one- time internet behemoth to a shadow of its former self. AOL once dominated email, internet connectivity, online news, and chat. AOL…

How The NRA Ended Up On The Verge Of Bankruptcy

From CNBC. The NRA is mired in controversy. With about 5 million members as of July 2019, the NRA is one of the most powerful special interest groups in the U.S. But, claims of financial wrong doing have led to multiple investigations in Congress and in New York State that are threatening the groups survival.…

Why The Volkswagen Phaeton Failed In The United States

From CNBC. The term Volkswagen means “people’s car” in German. In the United States the car company is known for selling stylish, well-engineered cars that are still relatively affordable like the Volkswagen Golf, Passat, and Tiguan. But there was at least one time Volkswagen tried to elbow its way into the luxury car market. The…

How Pete Buttigieg Makes His Money

From CNBC. Pete Buttigieg’s 2018 income was the lowest of the 13 Democratic candidates who have released their tax returns. The South Bend, Indiana mayor’s tax returns show he and his husband, Chasten, brought in roughly $150,000 last year. Here’s how he makes his money. Two dozen Democrats are vying for the middle-class vote in…

Disney And Apple Take On Netflix In The Streaming Wars

From CNBC. Netflix, Hulu, Amazon Prime Video and others are about to come head-to-head with the likes of Disney Plus, Apple TV Plus, HBO Max and CNBC’s parent company, NBCUniversal. It’s been dubbed the streaming wars. In 2017, 61% of adults 18 to 29 said they primarily watch TV through a streaming service, compared to…

What Hong Kong Unrest Means For Asia’s Financial Hub

From CNBC. Hong Kong has witnessed clashes between police and protesters since April, after the city government attempted to amend extradition laws to allow criminal suspects to be tried in mainland China. The change was seen by many as creeping influence from Beijing over the special administrative region. Hong Kong Chief Executive Carrie Lam soon…

The Rise And Fall Of The Toyota Prius

From CNBC. The Toyota Prius was the world’s first mass produced hybrid car and it still might be the most famous of all time. The nameplate was once synonymous with hybrids, and a symbol of the automotive future. But now sales of the Prius are falling as it has become a victim of a changing…

Samsung’s Galaxy Note 10 Smartphone | First Look

From CNBC. CNBC’s Todd Haselton takes a first look at Samsung’s newest phones, the Galaxy Note 10 and Note 10 Plus. New features include S Pen gestures, extended battery life, and the removal of the standard headphone jack. Samsung announced its new lineup of premium smartphones on Wednesday: the Galaxy Note 10, Galaxy Note 10+…

How Hush Puppies Shoes Sparked A Water Crisis

From CNBC. Wolverine Worldwide is home to brands like Chaco, Sperry, Merrell and Hush Puppies. It’s also a $2.4 billion global corporation and a point of contention in its hometown. For years, the shoemaker bought 3M Scotchgard coating to waterproof its Hush Puppies shoes. That coating contained a chemical compound called PFAS, which scientists now…

Why Best Buy Failed In The U.K

From CNBC. Best Buy survived the Great Recession and rise of Amazon that crushed so many traditional brick-and-mortar retailers. Its stock reached a peak in 2018 and is still among the top retailers of consumer electronics. But back in 2010, its attempt to break into the U.K. market failed within two short years. » Subscribe…

How Elizabeth Warren Makes Money

From CNBC. Elizabeth Warren is running as an advocate for the middle class and a critic of the wealthy. But the senator has amassed some wealth of her own too. Warren and her husband Bruce Mann’s tax returns and Senate financial disclosure forms show the couple is worth millions. Here’s where all that money came…

Why Silicon Valley Is Eyeing The Infant Formula Industry

From CNBC. The market for infant formula is expected to reach $95 billion by 2026. New companies are popping up in Silicon Valley to carve out a slice of the market. These include Bobbie Baby, which is developing a new formula based on European ingredients, and Sugarlogix, a biotech start-up that is looking to recreate…

How Decades Of US Sanctions Crushed Iran’s Economy

From CNBC. Iran appears to be hurtling toward a tipping point. In recent weeks, the Islamic Republic has attacked oil tankers in the Strait of Hormuz, shot down a U.S. military drone and announced plans to execute 17 suspected U.S. spies. One factor behind the recent moves? Iran’s economy is struggling under the weight of…

Why Bed Bath And Beyond Is Facing Extinction

From CNBC. Bed Bath and Beyond became a massive homegoods retailer with a decentralized structure and a focus on keeping customers happy. In popular imagination, Bed Bath and Beyond is best known for its generous coupon policy. But critics say the once ubiquitous chain ignored the threat from newer, nimbler online rivals like Amazon. »…

Why Apple And Google Are Working On Diabetes Tech

From CNBC. Apple and Alphabet are moving into the health care. Both companies have been rumored to be working on non-invasive ways to check blood glucose levels but never bought anything to market. Now, both tech giants are collaborating with medical device company Dexcom, a maker of continuous glucose monitors for people with diabetes. CNBC…

Why Democratic Candidates Are Fighting For $5 Donations

From CNBC. Political campaigns are expensive. Candidates travel across the country to meet voters, buy ad spots on TV and social media, hire staff and more. Donations are one of the major ways these candidates fund their operations, and they’re beginning to shun large donors in favor of small, individual donations. » Subscribe to CNBC:…

Why Democratic Socialism Is Gaining Popularity In The United States

From CNBC. Socialism used to be a scary word in the U.S., but presidential hopeful Bernie Sanders and freshman Congresswoman Alexandria Ocasio-Cortez have helped to catapult it back into mainstream American politics. In the latest explainer from CNBC we try to answer what socialism means to different parts of the political spectrum and whether it’s…

How Domino’s Is Winning The Pizza Wars

From CNBC. Domino’s Pizza sales fell a decade ago, but today it’s world’s biggest pizza company by sales. How did Domino’s turn around its fortunes to dominate competitors like Pizza Hut and Papa John’s? For decades, food delivery meant Chinese takeout or Pizza, usually from a local shop or a large chain like Domino’s Pizza.…

Who Invented The Light Bulb?

From CNBC. In 2018 the LED lighting market was worth almost $52 billion and is expected to reach over $112 billion by 2024. But 200 years before LEDs were a multibillion-dollar industry, and decades before Edison showed up, light bulbs were an idea just starting to enter the minds of curious scientists. They may look…

How Drones Could Change The Shipping Industry

From CNBC. Today, container ships transport more than 90% of all goods in the world, but it can take over a month for those goods to sail from Beijing to New York. Cargo drones could be the disruption needed in a global supply chain that has been largely unchanged since the 1950s. By land, trucks…

Why Celebrity CEOs Like Elon Musk Don’t Guarantee Profits

From CNBC. Elon Musk, Bill Gates, and Steve Jobs are three of the most famous CEOs in modern history. But what’s less well known is that some of the greatest stock returns of all time came from companies being run by press-shy, demurring executives who were content to work away from the public eye. Moreover,…

Why The United States Is Turning To Recycling Robots

From CNBC. For decades, the United States and other wealthy countries have been dependent on China to buy and process almost half of the world’s plastic waste. Now, stricter recycling standards in China mean its cheaper for some US cities to simply send recyclables to the dump rather than pay a higher fee to process…

This Inflatable Space Habitat Could Help NASA Return To The Moon

From CNBC. Sierra Nevada Corporation is one of the private sector companies trying to help NASA get us to the moon. The company is developing what it calls the ‘Large Inflatable Fabric Environment” at the Johnson Space Center in Houston, Texas. Sierra Nevada hopes NASA will use the habitat in its new Artemis program, which…

How Amazon Uses Explosive-Resistant Devices To Transfer Data To AWS

From CNBC. Demand for cloud computing from providers like Amazon Web Services continues to rise from both companies and consumers that rely on remote storage and computing power accessible from anywhere. While other tech giants Google, Microsoft, and IBM are vying to be the go-to providers, Amazon remains the undisputed leader in cloud computing. Amazon…

How Military Pollution Could Cause The Next Water Crisis

From CNBC. The United States military’s use of a firefighting foam, with the intention to save lives, could turn out to have dire consequences for those who handled it and people who live nearby. PFAS, short for per- or poly-fluoroalkyl substances, have seeped into the groundwater and at times spread into drinking water by way…

Why Big Dairy Companies Struggle In India

From CNBC. With its dairy-heavy diet of curries and yogurt drinks, India seemed a likely place for the French dairy company Danone to find success when it entered the country in 2011. But by 2018, Danone ceased operations of its Indian dairy division. India is the world’s top producer and consumer of dairy — in…

How Amazon Makes One-Day Shipping Happen For Prime Day

From CNBC. Prime Day, Amazon’s biggest shopping event, is here, and now one-day shipping is the norm for tens of millions of items available during Amazon’s Prime Day event, which runs from July 15 to July 16. To succeed at this rapid delivery, Amazon spends tens of billions of dollars every year and employs 250,000…

How Joe Biden Made His Millions

From CNBC. Joe Biden used to joke about being the poorest member of Congress. Now, he and his wife Jill Biden are millionaires. The 2020 presidential candidate, who has touted himself as a champion of the middle class, released his tax returns. The documents show the Bidens made more than $15 million in the two…

How K-Beauty Took Over Global Skin Care

From CNBC. Skin care has become an increasingly lucrative business for cosmetic companies. That’s why big names like Amazon and the Kardashians are trying to cash in. The industry’s revenue is expected to grow within the next four years to more than $379 billion, according to an IBISWorld report. There’s one country that’s been playing…

How BTS Became A Major Moneymaker For South Korea

From CNBC. Meet BTS, a seven-member South Korean boy band from Seoul. The band has sold millions of albums and is one of the most-watched artists on YouTube. Not to mention their stadium shows around the globe have quickly sold out. Should BTS maintain their popularity, they could generate $37 billion in economic value for…

The Business Of Amazon Shipping Boxes

From CNBC. Cardboard boxes are a really big deal in the U.S. Amazon alone shipped over 5 billion packages through Prime in 2017. But as Amazon moves to plastic mailers and paper mailers the corrugated box market is bracing for the fallout. There are other players in the space but today the four big cardboard…

How Kamala Harris Made Her Millions

From CNBC. In a field of 2020 Democratic presidential candidates with no shortage of money, Sen. Kamala Harris and her husband stand out. The California Democrat and her spouse, lawyer Douglas Emhoff, reported about $1.9 million in adjusted gross income for last year, according to tax returns released earlier this year. Their 2018 haul more…

How Canada’s Universal Health-Care System Works

From CNBC. Canada’s health-care system is playing a larger role in America’s political discourse as the 2020 presidential elections heat up. Progressives on the left love pointing to Canada as an equitable and efficient health care system. Conservatives use Canada as an example when warning about the dangers of socialized medicine and unchecked bureaucracy. So…

How Nathan’s Hot Dog Contest Became A Fourth Of July Favorite

From CNBC. Nathan’s Famous is best known for its American comfort food and the annual Nathan’s hot dog eating contest held every July 4. But in an era of fake meat and health concerns, will Nathan’s be able to secure a future for its humble hot dogs? The 2019 Nathan’s Hot Dog Eating Contest starts…

Why Fiat Is Struggling In The United States

From CNBC. Fiat first left the United States in 1983 amid poor sales and a reputation for unreliability. The iconic Italian automaker returned in 2010 and nearly a decade later it’s facing new issues as Fiat Chrysler Automobiles says it has no plans on giving up in the United States. Internationally, Fiat is known for…

How Plant-Based Milk Flooded The Market

From CNBC. Alternative meat might be having a moment. Beyond Meat’s trading debut quickly became the best-performing IPO of 2019. But alternative milk has been around for a lot longer, and it’s forced the $107 billion dairy industry to evolve. consumers have their choice between almond milk, rice milk, oat milk, hemp milk, coconut milk…

What Foxconn – Apple’s Largest Manufacturer – Is Up To In Wisconsin

From CNBC. Foxconn is the world’s largest contract manufacturer of electronics and the biggest assembler of Apple products. Now it’s building a massive factory in a village in rural Wisconsin. In a deal heralded by politicians including President Donald Trump and then Speaker of the House Paul Ryan, Wisconsin offered Foxconn close to $4 billion…

Why Jumia Is Beating Amazon And Alibaba In Africa

From CNBC. Jumia has been dubbed the “Amazon of Africa.” It’s Africa’s largest e-commerce operator, surpassing Amazon and China’s Alibaba, and it’s the first African tech start-up to go public on the New York Stock Exchange. Investors had high hopes for Jumia when it went public on April 12. Now, Jumia is adjusting to its…

Why There Is A Helium Shortage

From CNBC. What do balloons, MRIs and rockets all have in common? They all rely on helium — and the global market for the noble gas has been deflating for years. Helium is the second-most abundant element in the known universe, but it’s hard to capture on Earth because of how easily it floats out…