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How Florida Quietly Became A Solar Powerhouse
CNBC· 2025-07-31 16:01
Solar Energy Growth in Florida - Florida is experiencing a solar energy boom, catching up with Texas in utility-scale solar capacity [3][7] - Florida overtook California in new utility-scale solar capacity in 2024, adding over 3 gigawatts, enough to power around 600,000 homes [8] - Solar makes up roughly 9% of Florida's electricity mix [3] - From 2019 through 2024, Florida ranked number two behind California for the most rooftop residential solar panels installed each year [18][23] Factors Driving Solar Growth - The economics of solar are favorable, making it a cost-effective energy source [3][4][17][18] - A special rule in Florida allows solar farms under 75MW to skip lengthy state-level reviews, speeding up projects and lowering costs [10][24] - Florida Power and Light built over 70% of the state's new solar capacity in 2024 [10] - The Inflation Reduction Act offered a 30% tax credit for large-scale solar [13] Challenges and Risks - Florida still relies on natural gas for 74% of its power [5][19] - The "One Big Beautiful Bill" is phasing out federal tax credits for rooftop and utility-scale solar earlier than planned, raising costs [5][20][21][27] - There is high anti-renewables or anti-climate change sentiment, potentially leading to community opposition [6][24] - The early expiration of tax credits reduces the tax credits available for solar and wind assets [21]
How a North Korean fake IT worker tried to infiltrate a U.S. company
CNBC· 2025-07-30 16:00
Security Breach & Response - Cyber security company inadvertently hired a North Korean IT worker using a stolen US identity [1] - IT security detected a password-stealing Trojan trying to be installed within 10-15 minutes of the employee turning on the laptop [2] - The company locked down the laptop within 31 minutes of detection, preventing any further action [3] Hiring & Verification Process - The company conducted phone interviews that went well and requested credentials for background verification [1][2] - The new employee provided weird excuses that didn't make sense [3]
How Kohl's Kicked Off Another Meme Stock Frenzy
CNBC· 2025-07-29 16:05
Meme Stock Phenomenon - Meme stocks experience volatile price swings unrelated to business fundamentals, often involving heavily shorted, cheap stocks [4] - Retail investors leverage social media to drive up stock prices, challenging institutional investors [3][8] - GameStop's surge, fueled by Reddit users, demonstrated the potential for massive gains and losses, impacting hedge funds [9][10] - Kohl's, like other recognizable brands, became a target for meme stock activity due to its household name and high short interest [11][12] Kohl's Business Performance - Kohl's stock experienced a 100% surge due to meme stock activity, despite underlying business performance being just "okay" [1] - From July 2021 to July 2025, Kohl's stock price decreased by approximately 85% [17] - Between 2019 and 2024, beauty and accessory sales increased by 38% due to the Sephora partnership, but overall sales decreased by 18.5%, and excluding beauty, sales decreased by around 26% [19] - Kohl's has lost 1.3 million customers over five years to competitors [17] Risks and Outlook - Short selling involves borrowing and selling stock, hoping to buy it back at a lower price, but losses can be exponential if the price rises [5][6] - Wild stock swings can distract from Kohl's need to focus on day-to-day operations [21] - While not in immediate danger of bankruptcy, Kohl's faces challenges and needs to experiment with different strategies under an interim CEO [18][19][20] - Predicting the next meme stock is difficult, but companies with household names and high short interest are potential candidates [14][16]
How Canada is saying no to American products
CNBC· 2025-07-28 16:00
Vince's Market got its start in Toronto in 1986 and serves about 30,000 customers weekly. March was when the real tariff threat was like all the news. We had Canada flags everywhere in the store.Trimari says since then his customers have moved decisively away from US products. At the height of when we are out of Canada's growing season, we could be upwards of 60% 70% American produce. Okay, right now we're only running at about 30%.Canadian flags and labels mark domestic goods in aisles, while apps like Map ...
How foreign trade zones help companies skirt Trump tariffs
CNBC· 2025-07-27 16:00
The advantage of being in an FTZ like we are in right now is the fact that all of the material that's behind me is individually tariffed. But when it's manufactured and then put into these yellow bags, all of those products turn into one. And that's where the advantage of the inverted tariff sets in. ...
Can The U.S. Break China’s Rare Earth Dominance?
CNBC· 2025-07-26 15:00
These feeds here, each of these bags hold two metric tons of monazite and they're 50 plus percent rare earth oxide. So a very, very high value feedstock here. Here at the White Mesa mill in Utah, mineral company Energy Fuels is processing rare earth elements. These materials are crucial to modern-day technology. Rare earths refer to 17 elements on the periodic table whose atomic structure gives them special magnetic properties. Rare earth magnets power everything from electric vehicles and wind turbines to ...
Tesla Opened A Diner In LA — Here’s What It’s Like
CNBC· 2025-07-25 16:01
I'm here at the brand new Tesla diner in Hollywood, California and this is not your typical EV charging experience. The Tesla diner has 80 charging stations, two giant movie screens and classic American comfort food. Let's take a look around.It feels kind of like Disneyland, but for adults, or Tesla owners. I think these boxes are cute where you put the food and I like the vibe. It's very chill.Everyone seems friendly, very lively. Tesla is calling the design retro-futuristic. The metal exterior of the two ...
Why Even High Earners Are Living Paycheck To Paycheck
CNBC· 2025-07-24 16:01
For many Americans, work can feel like a hamster wheel. No matter how hard they run, it never feels like enough. Americans, on average, say they would need $520,000 a year to feel rich. And the more people earn, the more they say they need to feel comfortable.Americans making under $50,000 felt they needed $157,000 a year to feel comfortable. Those making $100,000 or more said they would need $246,000. When I was in middle school, a song came out called "Mo Money Mo Problems," and I think that that's true.Y ...
Why 3D printed houses are on the rise
CNBC· 2025-07-23 16:00
This is now the world's largest 3D printed community. 100 homes that they started on two years ago. The homes here start at just under $400,000.That's about comparable to other larger homes in the area. Holly Feings and her husband moved in just over a year ago. We realized, you know, it was really a safe home for two old folks.Single level, no stairs. Icon and LAR announced their plans to build this community in 2022. Since then, large-scale robots worked without a break, squeezing out homes like toothpast ...
How Airbus beat Boeing to become the world's biggest plane maker
CNBC· 2025-07-21 16:00
Market Competition - Airbus entered the commercial airplane market 56 years after Boeing, and together they comprise 76% of the world's fleet [1] - Airbus has surpassed Boeing in market dominance in recent years [1] Financial Performance & Backlog - Airbus has been profitable since the pandemic, while Boeing has not been profitable since 2018 [2] - Airbus's total backlog is 8,726 planes, compared to Boeing's 5,643, representing billions of dollars in revenue and an estimated 13-year completion time [2] Production & Deliveries - Since 2019, Airbus has delivered more planes annually than Boeing [3] - The Airbus A320 family could become the most produced jet family in history, depending on 2025 deliveries [5] Product Performance - The Airbus A321 is performing exceptionally well in terms of backlogs and orders [3][5] - The Boeing 737 was the world's bestselling narrow body until 2019, when the Airbus A320 surpassed it in total orders [5]