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How The Amazon-Hertz Deal Could Disrupt Dealerships
CNBC· 2025-09-29 16:01
About a quarter century ago, Amazon said it wanted to sell anything and everything a person would want to buy online. Since then, revenues have grown 38,000% every time it sells a new product. Even veteran rivals fear getting Amazon.I would never bet against Amazon. They effectively have unlimited resources. Up until recently, one of the very few areas Amazon wasn't disrupting cars.But now it is making moves. The latest deal is to help sell used cars owned by the rental company Hertz. It could be a boon for ...
Why Runway Collisions Happen And How Honeywell Plans To Stop Them
CNBC· 2025-09-28 15:01
This Boeing 757 is on a collision course with a business jet as it attempts to land in Topeka, Kansas. Traffic on runway. Traffic on runway.An alert inside the cockpit leads to a go around, an aviation term when a pilot aborts a landing. Unfortunately, there's there's too many and a lot of close calls, but you could also see just the slightest interruption, a little variation, and things can go wrong very quickly. But this modified jet isn't carrying paying customers.It's performing tests for Honeywell's ne ...
The Alarming Rise Of AI Apps Creating Explicit Images Of Real People
CNBC· 2025-09-27 15:00
This is a small sample of what existed, and this doesn't even include the videos. To reduce me to what he reduced me to, just that alone, is wildly harmful. There's, that alone is harm and I am furious.Hi, you must be Jessica. Hi, nice to meet you. Nice to meet you.Thanks for having us. At this home in Minneapolis, three friends are flipping through old photos going back 21 years to when they all met. Like this is, I still have braces, so.But these are the photos that really brought them here today. Deepfak ...
The Big Problem With Mamdani’s City-Run Grocery Stores In NYC
CNBC· 2025-09-26 16:01
I think city-funded grocery stores are a good idea where they are needed. We have a small town. It was a necessity for us.I'm Keith VanLeeuwen, I'm the mayor of Saint Paul, Kansas, population 650 people. The store is profitable. It is about 1 to 2 percent profitability a year.Our workforce, we have two full time people and 13 to 15 part timers. Saint Paul Supermarket in Saint Paul, Kansas, stands out as a successful city-owned grocery store. Just ten miles away, Erie Market offers a stark contrast, having c ...
Amazon enters the robotaxi race with Zoox launch
CNBC· 2025-09-25 16:01
Zuks is launching its service in Las Vegas and for Amazon that represents their entry into the robo taxi race. These are unlike any other cars that you've been in in the past. There's no steering wheel, no pedals, and they are completely symmetrical.We just rode in one of these vehicles from Resorts World Las Vegas to Topgolf with Zuk's co-founder and CTO Jesse Levenson. All right, first time in a Zuks. This is the first time now that we're opening up the app to the public and letting you go to a bunch of d ...
Why So Many Americans Feel Stuck At Work
CNBC· 2025-09-24 16:00
The US economy has lost 1.2% million jobs since April 2024, and Americans are feeling the economic downturn. The quits rate, a measure of how often workers voluntarily leave their jobs, is now down to about 2% after fluctuating in the years since the pandemic, and employers are hiring at the slowest pace since 2013, excluding the pandemic dip and rise. I think people just want to stay with what is known and not take any risks right now.We use the term job clinging or job hugging to denote that they're stayi ...
Chinese Luckin is taking on the U.S. coffee market
CNBC· 2025-09-23 16:01
I just visited Chinese coffee giant Luckin here in New York. This latte cost me $1.99%. In China, Lucken is bigger than Starbucks by both revenue and store count, and it's touchdown here in the US.Lucken's full price drinks are actually not that different from Starbucks. The difference is you're probably not going to be paying full price at Lucken. You can only order on its app and it showers you with coupons, especially when you first sign up.Luck's business model is low margin, high volume. That means it ...
Why Wealthy Buyers Suddenly Dominate Car Sales In The U.S.
CNBC· 2025-09-22 16:00
Car prices are near all time highs and yet sales are rising, and that's mainly thanks to the rich. Eight months into 2025, the share of new cars costing more than $50,000 is almost double what it was six years ago. It's not just because automakers are charging more across the board, it's because the share of vehicles at the highest prices has grown.Reality is, the automakers are in the business to make money. And this market, because of higher-income households buying a greater percentage of the vehicles, h ...
Apple Told Us All About Its New iPhone Chips And On-Device AI Plans
CNBC· 2025-09-21 15:00
Product Innovation & Technology - The iPhone Air is the thinnest iPhone ever at 5.6mm, featuring a flexible front camera and dual recording capabilities [1] - The A19 Pro chip, Apple's most advanced, powers both the Air and 17 Pro, integrating neural accelerators into the GPU cores for on-device AI [2][3] - Apple's new modem, C1X, and wireless chip, N1, signify a move towards controlling the full silicon stack for optimized product solutions [4] AI Strategy & Implementation - Apple is focusing on building the best on-device AI capability, integrating neural processing into GPUs for enhanced performance across applications [8][9][12] - The integration of neural accelerators into each GPU core allows for seamless switching between 3D rendering and neural processing instructions [9] - Apple emphasizes privacy, efficiency, and control as key benefits of on-device AI processing [15] Supply Chain & Manufacturing - Apple is increasing its commitment to manufacture in the US, with TSMC ramping up three-nanometer production in Arizona [35][36] - Geopolitical risks associated with relying entirely on Taiwan for chip manufacturing are a concern for Apple [33] - Apple anticipates using its own modems in all devices within the next two years, including Mac and iPad [30] Competition & Market Dynamics - Apple's move to in-house wireless and Bluetooth chips impacts Broadcom and Qualcomm, though licensing deals will continue [18][21][28] - Qualcomm remains the gold standard for modems, particularly in high-end Android smartphones [28] - Apple's custom modem, C1X, uses 30% less energy compared to the Qualcomm modem in the iPhone 16 Pro [23][24]
The $1.6 billion plan to fix the Panama Canal's drought problem
CNBC· 2025-09-20 15:00
The Panama Canal is one of the world's most vital shipping routes. About 14,000 vessels transit the waterway annually, including about 40% of all US container traffic. But recent droughts have plagued the artery.A drought in 2023 and 2024 forced the canal's operator, the Panama Canal Authority, to enact weight restrictions and limit vessel transits to 18 ships per day. About 36 ships cross the canal daily. The drought was Panama's worst in over 70 years.But how does a 50-mi long waterway connected by two oc ...