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How Tesla lost some of its biggest fans
CNBC· 2025-05-31 06:00
A lot of Tesla's most ardent fans feel pretty alienated from the brand these days. And CEO Elon Musk's public behavior is the chief reason why. They don't like his work with the Trump administration. They don't like his involvement in global politics. They don't like his social media posts and they don't like a lot of his public statements.A lot of this stuff has been brewing for a while, but for many people, the final straws or the key turning points have happened over the last several months. Tesla's firs ...
Why The U.S. Government Wants Americans To Have More Kids
CNBC· 2025-05-30 07:01
Fertility Rates & Demographics - US fertility rates are hovering around historic lows, approximately 16% births per 10 women over their lifetime, below the 21% needed to sustain the population [1] - Projections indicate that about 25% of young adults today will never have children [1] - Falling birth rates are a concern due to their impact on people's lives, the economy, and the government [2] - Many countries are seeing below replacement fertility, including Mexico [28] Economic Impact - Declining fertility rates could lead to a drag on the US economy and the capacity to cover government programs like Medicare and Social Security [3] - Lower birth rates affect the entire economy, impacting the number of consumers, workers, and taxpayers [5] - A shrinking worker-to-retiree ratio could threaten the financial sustainability of Social Security, with current estimations suggesting solvency until 2033 [6] - Economic uncertainty can lead to decline in fertility [23] Policy & Incentives - Politicians are starting to pay attention to the issue, with leaders proposing ways to address the birth rate decline [3][7] - Both Democrats and Republicans have proposed policies providing money to families, such as baby bonuses or expanded child tax credits [9][10] - A $5,000 baby bonus is not likely to significantly budge fertility rates [12] - Increasing the child tax credit to $4,500 per child could lead to a 3-10% increase in fertility [13][14] - Governments have attempted to influence family formation practices, but these policies may have unintended consequences [16][17] Societal Factors - It's hard to combine work and having kids in modern US society due to limited support for families [4] - A cultural shift is occurring, with young adults prioritizing education, money, and careers [24][25] - Delay in adulthood and difficulty affording a house may push childbearing to later ages, potentially leading to fewer children [19][20] - Immigration could help offset the economic impacts of population decline, but it's politically and demographically uncertain long term [27][28]
How tariffs could impact U.S. propane exports
CNBC· 2025-05-29 07:00
This is Enterprise Products Partners terminal at the Houston Ship Channel in Texas. It is one of the largest exporters of propane in the US. The LGC's or very large gas carriers like these are loading and transporting a record amount of propane from the States.The US exported just 72,000 barrels in the first week of June 2010. The country shipped out 1.7% million barrels in the first week of this past April alone. These VLGC's owned by Enterprise Products supply around 700,000 barrels a day of LPG, a mix of ...
How The Dubai Chocolate Craze Won Over Trader Joe's, Costco And Crumbl
CNBC· 2025-05-28 07:01
Market Trend & Popularity - Dubai chocolate, featuring pistachios, kadayif, and tahini, went viral in 2023, becoming a global phenomenon [1] - The trend has spurred an explosion of dupes and spin-offs, with brands like Shake Shack, Crumbl, Walmart, and Trader Joe's participating [2] - Pistachio popularity has soared in the US, which has become the world's largest producer, consumer, and exporter of the nut [14] - New snacks with pistachios launched globally rose by 63% between 2023 and 2024, with the steepest rise in chocolate confectionery [15] Sales & Financial Impact - In April 2025, over 120万 (1.2 million) Dubai chocolate bars were sold, generating 2200万美元 ($22 million) in sales [5] - Shortages have led to price gouging, with some bars reselling for upwards of 100美元 ($100) on sites like eBay [6] - Lindt's limited edition bar sold on eBay for 400-500 CHF, leading to a permanent version that became a best-selling item [7] Production & Supply Chain Challenges - The Nuts Factory increased production from hundreds to thousands per day to meet demand, implementing a one-bar limit [3][13] - Food chains have only been able to sell Dubai chocolate-inspired desserts for a limited time due to sourcing and production challenges [18] - Handmade bars are labor-intensive, and sourcing ingredients like kadaif internationally can be difficult [17] Marketing & Social Media Impact - A video showcasing the Dubai chocolate bar garnered 1.27亿 (127 million) views, driving significant order increases [4] - Shake Shack's social media posts featuring Dubai chocolate-inspired products were some of the brand's most successful [9] - The exclusivity of the original bar, fueled by social media, has sustained the trend [6]
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 ...