Should The U.S. Give Every Baby $1,000 At Birth? 0 (0)

From CNBC. "Baby bonds" have become one proposal to help close the racial wealth gap between Black and white families in the United States. Unlike regular bonds, they’re not a debt instrument traded in the public markets. Instead, the policy proposal creates a federally funded trust fund account for every newborn baby in the U.S.…

How The Olympics Became So Expensive For Host Cities 0 (0)

From CNBC. In 2018, the Rio games were estimated to have a total cost of $20 billion, far beyond the Rio organizing committee’s initial estimate of $2.8 billion. The city of Rio shelled out $8.2 billion on legacy builds, or builds intended to live well beyond the Olympic’s three-week life-cycle. Cities incurring overrun costs when…

Why U.S. Presidents Can’t Win The War On Drugs 0 (0)

From CNBC. Since 1971, America has spent over a trillion dollars fighting the war on drugs started by President Nixon. But the national attitude towards drug use and abuse has changed. Marijuana has been legalized in 15 states and Washington D.C. Meanwhile, drug use and overdose death rates are rising with the opioid crisis. And…

How Soil Could Be An Untapped Source Of Electricity 0 (0)

From CNBC. Bioo is generating electricity from the organic matter in soil and creating biological batteries to power agricultural sensors, a growing $1.36 billion global market. Eventually, Bioo envisions a future where biology could help to power our largest cities. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC…

Why The U.S. Is So Vulnerable To Ransomware Attacks 0 (0)

From CNBC. U.S. recently faced a series of ransomware attacks on critical infrastructure like the Colonial Pipeline, the city of Tulsa, and JBS, the worlds largest meat producer. Ransomware, a program that hackers use to hold digital information hostage, has become the top choice of malware for criminals. In 2020, the total amount of ransom…

Who Makes Money From The U.S. Golf Frenzy 0 (0)

From CNBC. In 2020, golf saw a surge in new players following the Covid-19 pandemic and social distancing measures. Callaway, the maker of golf balls, clubs, bags and apparel, has been thriving. But with movie theaters, travel and concerts expected to rebound, will golf club makers like Callaway and its rival Acushnet be able to…

The U.S. Navy Has An Expensive Plan For A New Class Of Submarines 0 (0)

From CNBC. Submarines are the cornerstone of the U.S. Navy’s strategic plan to patrol the world’s oceans, but cost overruns and supplier problems could slow down the pace of submarine production. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From ‘Wall Street’ to ‘Main…

What Happened To Fossil Watches? 0 (0)

From CNBC. The global watchmaking industry has changed since the introduction of the smartphone and as demand for fitness trackers and smartwatches grow. Legacy watchmakers, like Fossil, have had to adapt and give customers new reasons to keep timepieces on their wrists. The company has been planning for the future by bringing its own smartwatches…

Child Care Is Infrastructure: Mohamed El-Erian 0 (0)

From CNBC. Allianz chief economic advisor Mohamed El-Erian answers some big questions about how the U.S. will get back to work. He calls the pandemic "the great unequalizer" and sees increased inequality in every institution he reviews. El-Erian warns this new distribution of wealth and fortune is much less stable than the normal bell curve…

Can EV Battery Swapping Take Off In The U.S.? 0 (0)

From CNBC. San Francisco-based Ample has brought electric vehicle battery swapping to the U.S. The company was in stealth mode for seven years before launching recently with five swapping stations in the Bay Area. Uber drivers in the area are Ample’s first customers. The concept isn’t new. A start-up called Better Place launched an EV…

How The $1 Trillion Market For ‘Green’ Bonds Is Changing Wall Street 0 (0)

From CNBC. So-called green bonds have become more popular in recent years, and this fast-growing segment of the $128.3 trillion global bond market could grow even more. When an issuer sells a green bond, they’re making a nonbinding commitment to earmark the sale’s proceeds for environmentally friendly projects. That could include renewable energy projects, constructing…

How Tesla Is Changing The Electrical Grid 0 (0)

From CNBC. Elon Musk announced that Tesla was getting into the energy business in 2015 and now it’s betting that it will become increasingly important for the company. In 2020, it surpassed 3 gigawatt hours of energy storage deployments in a single year, largely due to the popularity of Megapack, its utility-scale battery product. CNBC…

Why Houses Are So Expensive In The U.S. 0 (0)

From CNBC. With Covid encouraging city-dwellers to emigrate to the suburbs and families looking for home offices and bigger yards, prices for the American dream home have skyrocketed. Home prices surged in March 2021 up 13% from the year prior, according to the S&P Case-Shiller index. With homeowners unwilling to sell, a record-low supply of…

How Income Inequality Became A Big Issue Among Asian Americans 0 (0)

From CNBC. The Asian American Pacific Islander population is extremely diverse, culturally and economically. According to a recent analysis by the Pew Research Center, Asian household incomes range from $44,400 to $120,000. Subgroups at the low end aren’t represented by the median data. Here’s a closer look at the growing income gap among Asian Americans,…

When Will The U.S. Get Back To Business? Mark Zandi Answers 0 (0)

From CNBC. Mark Zandi, chief economist at Moody’s Analytics, answers some big questions about how the U.S. will get back to work. He predicts the U.S. will return to full employment by 2023, leading to a V-shaped recovery. He also suggests companies will reconsider space per employee, as well as pay, according to their new…

How The Rich Avoid Paying Taxes 0 (0)

From CNBC. The more money you make, the more you have to pay in taxes, right? Not always. The ultra-wealthy typically take advantage of rules in the tax code which enable them to lower their effective tax rate. Warren Buffet has often pointed out that he pays less taxes than his secretary and Amazon famously…

How This Tech Company Redesigned Its Office To Lure Workers Back 0 (0)

From CNBC. Software analytics company Snowflake won’t allow all its 2,700 employees to continue working from home permanently. CNBC went to Snowflake’s headquarters in San Mateo to check out some of the changes it’s making to get ready. See how the redesign increases collaboration space after a year of employees working solo from home, reduces…

Why Coca-Cola Dominates The Beverage Market 0 (0)

From CNBC. With more than 1.9 billion drinks served every day Coca-Cola is one of the world’s largest beverage companies. From its humble beginnings selling a single product at a drugstore for 5 cents a glass, the company now has a roster of 200 brands that includes Coke, Fanta, and Sprite. But with health and…

The Future Of Flying Is Here: Pilotless Planes 0 (0)

From CNBC. Over the past 100 years, the technology inside airplanes has become more and more advanced from jumbo jets to smaller Cessna’s. Some see the next step to full automation as removing the pilot completely. Reliable Robots and Xwing are two Bay Area start-ups working on doing just that. Rather than build new aircraft,…

Why Arizona Is Becoming A Hotbed For Tech 0 (0)

From CNBC. Arizona has rapidly become an epicenter for electric vehicle and self-driving tech, and it’s now the site of three big new semiconductor factories as the U.S. struggles to increase production during the global chip shortage. In 2020, Phoenix attracted more residents than any other U.S. city for the fourth year in a row,…

Why The World Is Running Out Of Sand 0 (0)

From CNBC. Even though sand can be found in nearly every single country on Earth, the world could soon face a shortage of this crucial, under-appreciated commodity. Sand use around the world has tripled in the last twenty years, according to the UNEP. That’s far greater than the rate at which sand is being replenished.…

Will Florida Become The Next New York? 0 (0)

From CNBC. In 2020, Florida became known as a safety haven for wealthy New Yorkers fleeing Covid. In recent months, some of Wall Street and Silicon Valley’s biggest names like Elliot Management, Citadel, Shervin Pishevar, and Keith Robois, have moved to the Sunshine state to build roots. It has reinvigorated a tech and finance boom…

Why Demand For Armed-Drones Is Surging 0 (0)

From CNBC. Armed drones are growing in military importance as conflicts around the world have proven the utility of these effective tools of war. Companies in China, Turkey, and Russia, among others, have developed advanced remotely piloted aircraft that can use guided weapons on and off the battlefield. The widespread use of drones in Iraq…

How Geothermal Energy Could Power The Future 0 (0)

From CNBC. Miles below the Earth’s surface, there’s enough thermal energy to power all of humanity for the foreseeable future. It’s called geothermal energy, and it’s poised to play an increasingly large role as a source of always available, renewable power. Now, there are a number of startups in the geothermal space, working to figure out…

Apple Created A Big Market For Dongles 0 (0)

From CNBC. If you bought a computer or a phone in the last 5 years, you know what a dongle is. Apple, Belkin and other accessory companies have created a huge market for these dongles, which is estimated by Facts and Factors to bring in more than $25 billion by 2027. But with wireless tech…

What Did President Biden Do In His First 100 Days? 0 (0)

From CNBC. President Joe Biden entered the White House in the midst of a deadly pandemic that had killed more than 400,000 Americans by Inauguration Day and left millions without jobs as a result of a steep economic downturn. Here’s a look back on how the Biden administration set about tackling these unprecedented challenges in…

The Rise Of Emirates 0 (0)

From CNBC. Emirates, the long-haul carrier known for its luxury services, has set new standards for the way we travel. Like airlines everywhere, the carrier has been battered by the coronavirus pandemic. To keep customers safe and on board, Emirates adopted a variety of new protocols. The company also pivoted to cargo shipments to keep…

Are Rich People Fleeing Places With High Taxes? 0 (0)

From CNBC. To balance their budgets during the coronavirus pandemic, states including New Jersey and New York have raised taxes on the wealthy. Conservatives warn that it will cause many of those who left at the onset of the pandemic make those moves permanent since they’re no longer bound to the physical locations of their…

How Death Is Changing In The U.S. 0 (0)

From CNBC. In the past decade, dying has become an increasingly expensive thing to do. More and more families are choosing cremation or simply scaling down on memorial services for their loved ones. Both of which bring in less revenue for funeral businesses that tend to rely on extravagant services and expensive caskets and burials.…

How Memes Flipped Wall Street Upside Down 0 (0)

From CNBC. The late January GameStop frenzy forced Wall Street to pay attention to retail investors like never before. Wall Street and news outlets analyzed the persona of the subreddit WallStreetBets and broke down their memes and lingo for clues on how this happened. Here’s an explainer on why these collective actions are becoming more…

Why Clean Air Is So Expensive In The U.S. 0 (0)

From CNBC. Air pollution still remains one of the key environmental issues in the United States. Although it has seen incredible improvement since the 1970s, more than 4 in 10 Americans are still estimated to live in counties with poor air quality. Every year, air pollution kills more than 6 million people worldwide from heart…

Why It’s So Hard To File And Pay Taxes In The U.S. 0 (0)

From CNBC. The IRS estimates the average taxpayer spends 12 hours working on their taxes and pays an average of $230 to get their paperwork filed. "Your tax return is in no way that simple," Jackson Hewitt Tax Service Chief Tax Information Officer Mark Steber said. "I don’t care who you are or what economic…

How Maserati Is Staging A Comeback 0 (0)

From CNBC. Maserati is an Italian luxury and sports car brand that doesn’t have the recognition that big names like BMW, Mercedes, Porsche, or even Ferrari have. For decades it was owned by Fiat Group, which later became Fiat Chrysler. Maserati gave it a presence in premium and luxury segments. But they’ve struggled in recent…

Why Starlink Is Crucial To SpaceX’s Success 0 (0)

From CNBC. SpaceX’s broadband satellite internet, Starlink, is still in beta, but already has over 10,000 customers. The fledgling service is expected to be a cash cow for SpaceX, bringing in as much as $30 billion a year — more than 10 times the annual revenue of its existing rocket business. This revenue will be…

Leading Off-Road Maker Polaris’s Risky Bet On Electric 0 (0)

From CNBC. Polaris Inc. is a dominant player in the off-road vehicle market, selling top-of-the-line ATV’s, snowmobiles, and utility vehicles, among others. Unlike many other companies, Polaris saw its revenue increase in 2020 thanks to an unexpected boom in powersports and increased interest in outdoor activities. While it rides this high, however, some doubt how…

Will Robots Replace Human Financial Advisors? 0 (0)

From CNBC. Robo-advisors have had a meteoric rise in popularity since their debut in 2008 thanks to the support from millennials and Gen Z. Today, Robo-advisors manage $460 billion, with some analysts predicting it will become a $1.2 trillion industry by 2024. Watch the video to find out why some investors believe it will never…

Why Covid Long Haulers Could Face A Lifetime Of Money Problems 0 (0)

From CNBC. Covid-19 is a particularly vicious disease. While a significant number of people remain asymptomatic, other patients could go on to develop what researchers are calling post-Covid-19 syndrome. Americans suffering from the condition are running into financial problems due to the inconsistent nature of the U.S. health-care system. CNBC spoke with three people about…

Why The U.S. EV Industry Is Facing A Battery Shortage 0 (0)

From CNBC. U.S. automakers are finally making bold commitments to electrify their fleets, but in the short-term, there may not be enough lithium-ion batteries to go around. While China dominates the battery manufacturing supply chain, and Europe is working to catch up, the U.S. still lags far behind. As batteries become a matter of energy…

How Mercedes-Benz Is Losing Its Prestige Image 0 (0)

From CNBC. Mercedes-Benz is perhaps the biggest name in luxury cars globally, and for countless buyers around the world, it is a car brand to aspire to own. The German automaker has a reputation for superb build quality, excellent engineering, and the bragging rights that its founder Carl Benz invented the first production automobile. Today,…

Why Americans Are Eating So Many Snacks 0 (0)

From CNBC. With Americans stuck at home, snack food has become a valuable commodity for the pandemic stressed consumer. North American sales of savory snacks like chips, popcorn, and pretzels climbed to $56.9 billion in 2020. In stressful times, people turn to snacking for comfort and Covid-19 has transformed kitchens across the U.S. into giant…

Why You Can Be Forced To Get The Covid Vaccine 0 (0)

From CNBC. A large portion of the U.S. population still doesn’t want to get the new Covid vaccine, but they might not have a choice. Powers at the federal and state level, not to mention the legal rights granted to employers under U.S. labor law, may make it impossible for Americans to escape inoculation against…

Are DoorDash, UberEats Good For Restaurants? 0 (0)

From CNBC. While indoor dining has dropped way down during the pandemic, food delivery has grown considerably. DoorDash and Uber Eats, the two largest delivery apps by market share both saw their sales double from the end of 2019 to the end of 2020. But while it might be an easy decision for customers to…

Will NYC Go Bankrupt? 0 (0)

From CNBC. Mass unemployment, colossal bankruptcies, and a shattered tourism industry have ravaged New York City during the coronavirus pandemic. In January 2021, Governor Andrew Cuomo proposed raising taxes on the wealthy, while cutting Medicaid and school spending to balance the multi-billion dollar budget deficit. Opponents say tax hikes could lead to a mass exodus…

How Texas’ Tough Winter Exposed U.S. Power Grid Problems 0 (0)

From CNBC. Texas had a rough winter in 2021. In mid-February, with temperatures dropping to the single digits, demand for electricity hit a record high throughout Texas. Supply ran short, causing the state’s electric grid operator to implement rolling power outages. At the height of the crisis, more than 4.5 million customers lost power. The…

Why China Is Beating The U.S. In Electric Vehicles 0 (0)

From CNBC. The global electric vehicle market is heating up and China wants to dominate. The country has invested at least $60 billion to support the EV industry and it’s pushing an ambitious plan to transition to all electric or hybrid cars by 2035. Tesla entered the Chinese market in 2019 and has seen rapid growth. China sold roughly…

Is Texas Becoming The New California? 0 (0)

From CNBC. Tesla’s gigafactory and Apple’s second-largest campus aren’t the only big businesses coming to Texas. From Oracle to Hewlett Packard Enterprise, Elon Musk to Joe Rogan, Texas has lured an increasing number of big businesses and billionaires away from California since the pandemic began. While California’s population and job growth both slowed to a…

The Future Of The F-35 And The U.S. Air Force Fighter Fleet 0 (0)

From CNBC. The Joint Strike Fighter is the most expensive weapons program ever devised. Costing well over a trillion dollars, the F-35 was supposed to replace the frontline fighters for the U.S. Navy, Marines, and Air Force. But costly delays and setbacks have potentially pushed the Air Force to look for a cheaper option to…

Could Tesla Succeed In India? 0 (0)

From CNBC. As Tesla looks to expand to new markets, rumors are circulating that India could be next. While the 5th largest auto market could be big for the ev manufacturer, it’s filled with challenges and increasing competition.  There is an electric vehicle revolution sweeping the world, but India is lagging behind. Elon Musk has…