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How higher lumber prices will impact homebuilders
CNBC· 2025-05-27 07:00
Lumber Market Volatility - Lumber prices are volatile, causing uncertainty for construction businesses [1] - In April 2025, softwood lumber prices were 23% higher than the previous year [2] - Lumber futures surged in the first quarter of 2025 due to fears of higher duties and sawmill closures in North America [2] Impact on Homebuilders - Rising lumber prices have impacted major US homebuilders like LAR, Dr Horton, and Toll Brothers, leading to stock declines [2] Trade and Supply - Canada accounts for approximately 85% of all US softwood lumber imports, representing almost a quarter of US supply [3] - Lumber is on the radar of the Trump administration regarding tariffs [3]
Cargo thieves are attacking the U.S. supply chain at alarming rates
CNBC· 2025-05-25 06:01
Hudson shows us some of the fake postings with an altered company email and phone number. They're not your postings and they're not our loads. And so this is your company.Yes. This is not your phone number. Correct.But there's a big clue on one document. A name and a phone number. We're going to call it. We're going to see what happens.Hello. Hi. Is Jacob there, please.What's now. Can I help you. He's right now smoking.My name is Courtney Reagan. I'm a reporter from CNBC. I'm recording this call.I want to a ...
How 'Apple Copycat' Xiaomi Made One Of China's Buzziest EVs
CNBC· 2025-05-24 06:00
Just four years after it was founded, China's Xiaomi became the third largest phone maker in the world. Critics called it an Apple copycat. Lei Jun is known as the Steve Jobs of China, and he earned that nickname because in the early days, he would do pretty much everything that Steve Jobs would do, including the way he dresses.He knew, though, that he couldn't match Apple's brand and products at that time, so he went for the mass market. But now Xiaomi is making EVs, something Apple abandoned after investi ...