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How Zillow Makes Money
CNBC· 2025-11-12 17:01
Zillow is the most popular real estate website in the United States. The company has transformed the way people buy, sell, and rent homes, or at least dream about that kind of thing. >> We are one of the first apps on the iPhone, and that really created the category.>> Realtor. com, Zillow, some of the other aggregation sites that are out there provided an experience for consumers that wasn't there before. Zillow, what they have an advantage on is just the scale of traffic that they've got is quite substant ...
Why Americans Are Turning Away From Sweetgreen
CNBC· 2025-11-11 17:01
Salad chain Sweetgreen revolutionized the fast food industry when it launched in 2007, proving healthy food could be convenient and accessible. That's why it was so exciting to the consumer that there was actually a restaurant concept that offered these type of items on their menu. In 2025, it's still a lunch favorite among office workers in big cities, but looks can be deceiving.The company has been struggling ever since going public in 2021. It has never been profitable, reporting a $90 million net loss i ...
Could Crypto-Backed Mortgages Put The U.S. Housing Market At Risk?
CNBC· 2025-11-10 17:01
It's no secret that buying a house is expensive. The average sales price for a US home has hovered around $400,000 since the end of 2021 for most people looking to cover the cost, that means taking out a loan, and that means letting a bank pour over your financial details, your salary, bank balances, retirement accounts, all to determine how much you can afford and how risky it is to lend you the money. And if you're among the 15% of Americans who invest in digital assets, you haven't been able to include t ...
Why The U.S. Is Making This Explosive Again
CNBC· 2025-11-09 16:00
Blasting is the cheapest way for mines to fracture rock. It makes consumer goods that are manufactured from mined resources less expensive. The things that we use on a daily basis are cell phones, the roads we drive to and from, work on, the buildings that are constructed, the energy that we use to power those cars, even if it's an electric vehicle, commercial explosives are essential to that.The minerals and the things that you need to make a battery. All of those things at some point were touched by comme ...
How A Million Miles Of Undersea Cables Power The Internet — And Now AI
CNBC· 2025-11-08 16:00
In this quiet seaside town in northern France, thousands of miles of cables are manufactured each year and then dropped into the ocean to become the superhighway of the internet. Over 95% of international internet traffic travels from continent to continent through cables on the ocean floor that, for the most part, are no larger than a garden hose. That translates into $10 trillion a day in economic transactions that go over these cables that most people don't know exist.There are nearly a million miles of ...
How Trump’s Tariffs Are Crushing Small Businesses While Big Retailers Thrive
CNBC· 2025-11-07 17:00
Impact of Tariffs on Small Businesses - Small businesses are significantly impacted by tariffs, leading to increased supply chain complexity and costs [2][3][7] - Tariff stacking, where multiple tariffs are applied to the same product, further exacerbates cost pressures for small businesses [8] - Small businesses often have lower margins and struggle to pass increased costs onto consumers, potentially leading to layoffs [11][12] - Some small businesses have experienced revenue losses due to tariffs, impacting their ability to compete and scale [13][14] - Retaliatory tariffs from other countries, such as China and Canada, also negatively affect small business exports [24] Strategies and Challenges for Small Businesses - Small businesses are exploring alternative production locations, such as Canada and Europe, to mitigate tariff impacts, but this involves new tooling and setup costs [8][9] - Finding domestic sources for certain ingredients and materials is often not feasible due to climate or technical limitations [15][16][9] - Small businesses face challenges in managing inventory levels due to tariff uncertainties, risking overstocking or missing sales opportunities [11] - Some small businesses may need to discontinue products or close down if they cannot absorb cost increases [19] Advantages of Large Retailers - Large retailers like Walmart and Amazon have seen stock prices surge, indicating their ability to mitigate tariff costs [4] - Large retailers possess economies of scale, negotiating power with suppliers, and the ability to stockpile inventory, giving them an advantage over small businesses [21][22] - Large retailers can use portfolio pricing strategies to absorb some tariff costs while increasing prices on less sensitive products [23]
A tangled web of AI deals
CNBC· 2025-11-06 17:00
At the center of this web of AI deals are OpenAI, the maker of the widely popular AI chatbot ChatgPT, and Nvidia, a maker of GPUs used to power AI. Just this year, OpenAI alone has made around a trillion worth of AI deals. Let's take a closer look at some of these.In September, OpenAI confirmed that it would pay Oracle $300 billion for computer infrastructure over the course of 5 years. This deal is part of a $500 billion data center buildout project called Stargate to which Japan's SoftBank Group is also c ...
AI, Tariffs And The Unexpected Rise Of Secondhand Fashion
CNBC· 2025-11-05 17:01
Market Trends & Growth - The global secondhand apparel market is expected to reach $367 billion by 2029, growing almost three times faster than the overall global apparel market [3] - The U S secondhand apparel market is expected to reach $74 billion by 2029, growing 9% annually on average [8] - ThredUp reported that revenue grew 34% year-over-year in its third quarter 2025 earnings, with new buyer growth up 54% from the same period last year [12] Consumer Behavior & Preferences - Gen Z shoppers are driving the rise of secondhand fashion, with new shoppers accounting for 60% of all secondhand spending by 2029 and younger generations for nearly 70% [2][20] - Consumers are increasingly turning to resale platforms to save money and earn extra income, viewing resale as just as good as other options like fast fashion and private brands [3][11] - Affordability and sustainability are key values for Gen Z and millennials, making resale an attractive option [19] ThredUp Operations & Performance - ThredUp's warehouse in Suwanee, Georgia can house roughly up to 35 million items [1] - ThredUp processes roughly 40,000 articles of used clothing each day at its Suwanee, Georgia warehouse [1] - ThredUp receives more than 100,000 pieces of clothing every day [1] - ThredUp operates four facilities across the U S, collectively processing hundreds of thousands of secondhand items weekly [6] Impact of Technology & AI - AI tools, like Phia, are making it easier for shoppers to buy secondhand by comparing listings and personalizing results [4][16] - AI is accelerating the adoption of secondhand by providing unlimited search attributes and transforming online shopping [17][18]
The Truth About AI And The Mass Layoffs
CNBC· 2025-11-04 17:00
Between January and September 2025, there have been more than 946,000 job cuts announced, with roughly 300,000 from the government sector. That's the highest since 2020, and it's a 55% increase from what we saw last year through the same time period. It would make sense to think AI is to blame for the layoffs.Now that we've had generative AI come in and kind of change the equation, investors and boards are asking management teams: how are you using AI. Why aren't you using AI. Can AI help you streamline cos ...
Are city-run grocery stores a good idea?
CNBC· 2025-11-03 17:00
I think city funded grocery stores are a good idea where they are needed. We're of a small town. It was a necessity for us.I'm Keith Vanluan. I'm mayor of St. Paul, Kansas.Population 650 people. The store is profitable. It is about 1 to 2% profitability a year.Our workforce, we have two full-time people and 13 to 15 part- timerrs. >> St. Paul Supermarket in St.Paul, Kansas stands out as a successful city-owned grocery store. Just 10 miles away, Erie Market offers a stark contrast, having closed its doors af ...