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We Went To Austin For Tesla's Robotaxi Launch. Here's What Happened
CNBC· 2025-06-27 16:02
So we're here in Austin, Texas. We came down here for the Tesla robotaxi rollout . It started on Sunday. Are you going to have full autonomous on the roads of Austin at the end by the end of June.Yes. This is not the widespread rollout of Tesla Cybercabs or robotaxis that investors, customers and fans have been promised. That said, there are a lot of people who really do believe in this company and do believe in Elon Musk and think it's just a matter of time.Here it is. It found me. It came right here.Perfe ...
Why your phone's blowing up with scam job offers
CNBC· 2025-06-26 16:00
Have you ever received a text message like this offering you a job. Hi, I'm Emily from Robert Half International Recruitment. We have an opening position for part-time and full-time jobs.Can I share you details with you. Salaries range from $200 to $800 per day. If you're interested in this opportunity, please send a text message to 3477257663.On September 13th, 2024, Sunnita Dalgod, a 37-year-old freelance software engineer from North Carolina, received one too. Without much thought, the mother of two, cli ...
The AI Boom’s Multi-Billion Dollar Blind Spot
CNBC· 2025-06-25 16:00
Everyone's betting on AI getting smarter. The amazing thing is they can reason. We're just at the beginning of the reasoning AI era.Smarter models, sharper intuition, superintelligence. I think we'll get superintelligence, and I would guess that it will be a continuation of this trend that humanity has been on for 100 plus years. Fueling explosive new demand for compute.The amount of computation necessary to do that reasoning process is 100 times more than what we used to do. And companies going all in, spe ...
‘Take Any Job You Can Get’: Danielle DiMartino Booth
CNBC· 2025-06-24 16:00
We've been speaking with top economists to better understand what this economic climate means for companies' bottom lines. Today, I'm speaking with CEO and Chief Strategist for QI Research Danielle DiMartino Booth. Hi, Danielle, thanks so much for taking the time to speak with me again this year.Thank you for having me. Great to be with you again. How can companies protect their bottom lines in this time of political and economic uncertainty.So, you know, the idea of battening down the hatches before the hu ...
Why Gen Z Fell In Love With Coach
CNBC· 2025-06-23 16:00
Coach purses were a staple in the early 2000, worn by teens at the mall and celebrities on the red carpet. The monogrammed design with a double C logo was everywhere. But by the 2010s, the brand fell out of favor, its luxury reputation suffered, and sales plummeted.The company wiped out about 60% from its market cap between its 2012 peak to mid 2014. But coach is back. The girls came through.Coach is back. Mainly among Gen Z consumers who were driving a lot of its growth. Fashion always looks to the younges ...
How Amazon’s Broken Returns Process Is Driving Sellers To Leave Amazon
CNBC· 2025-06-22 15:00
This facility is 70,000 square feet. So it's all b aby gear. Inside Good Buy Gear's sprawling Pennsylvania warehouse.These are accessories for strollers, humidifiers, t hese are playard sheets. These 60,000 boxes aren't filled with your typical new baby products. Nearly all of them are returns.Nine years ago, all of this was going into the landfill. They're rigorously inspected before being resold or tossed. That looks like a poop stain.I'm not exactly sure what that is, so. Kristin Langanfeld has spent nin ...
Why Americans Fell Out Of Love With The Hotel Minibar
CNBC· 2025-06-21 15:01
We've all been there countless hours of traveling. Arriving at a hotel at odd hours, tired, hungry, and tempted by the ultimate convenience the hotel has to offer the minibar. But a can of soda, a bag of stale chips and a candy bar at 3 a.m. adds up. In fact, it costs about 80% to 400% more than what you paid for at the store.You wanted it, and then you see the bill two days later. But initially, the minibar was put in rooms. It was a novelty.And then it sort of devolved into an annoyance. And Minibars got ...
Amazon says new warehouse robot can 'feel' items, but won't replace workers
CNBC· 2025-06-20 16:00
We're here at this giant 2.6% million square foot fulfillment center in Spokane, Washington, where 3.5% million items are handled by 2500 employees. Now, Amazon says their jobs are about to get easier and safer with a new robot called Vulcan. There's three of them, these big red systems next to me that can move items up and down and stuff things into just the right spot in tall yellow bins before they move on to be boxed up.Of the 1 million items here, Amazon says Vulcan can handle 75% of them. It does well ...
Why some EV researchers are skeptical of BYD's fast charging tech
CNBC· 2025-06-17 16:00
Chinese EV maker BYD is on a roll and it's giving its American rival Tesla a serious run for its money in the global race to electrification. BYD outpaced Tesla in terms of total revenues last year and sold about as many EVs as Tesla did and that's only half of BYD's total volume because it also sells hybrids. BYD started out as a lowcost provider of batteries primarily, but in making cars, it's become a global leader.They sell cheap cars, they sell expensive cars, and they're becoming a serious innovator. ...
Why Elon Musk opposes Trump's mega bill
CNBC· 2025-06-15 15:00
President Trump and Elon Musk falling into an intense feud over the president's major tax and spending bill. What was surprising about it was just the idea that it came so quickly, right. I mean, Elon Musk was in the Oval Office with the president a week before this blow up.He happens to be a really good person. I'm very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here. All of a sudden, he had a problem and he only developed the problem when he found out ...