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How China Proved It Can Shut Down Global Auto Production
CNBC· 2025-06-29 15:01
China dominates the global supply of several critical minerals, and for some years the country has been restricting exports slowly at first. Then quickly, in April 2024, the problem came to a head. China all but completely cut off access to several crucial materials in its trade dispute with the United States.At the center of it is a class of minerals called rare earth elements. They're used in a wide array of products, anything from airplanes to electronics, even sports equipment. It is hitting our defense ...
Why Companies Like JP Morgan And Visa Are Creating Crypto Tokens
CNBC· 2025-06-28 15:00
Crypto may finally be going mainstream, spurred in part by the billion-dollar public debut of Circle, the issuer of stablecoin USDC, and the passage of the stablecoin legislation drafted by the Senate, dubbed the Genius Act. The yays are 68, the nays are 30. The bill, as amended, is passed.Big finance players are getting in on the action. Coinbase, which earns half of the revenue generated by USDC, launched a new partnership with payment platform Stripe and e-commerce giant Shopify to bring USDC payments to ...
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
Brand Revival & Market Position - Coach experienced a significant decline in market cap, losing approximately 60% between its 2012 peak and mid-2014, but has since rebounded [1] - In 2024, Coach surpassed Michael Kors to secure the second position in the US luxury handbag market [2] - Coach was recognized as the fifth hottest fashion brand in Q4 2025, marking a climb of ten spots from its previous ranking [2] Strategic Shifts & Initiatives - Coach shifted its focus towards Gen Z consumers, recognizing their influence on fashion trends [2] - The company hired Stuart Vevers as executive creative director to introduce a more youthful aesthetic and move away from heavy logo designs [7] - Coach closed underperforming stores and reduced discounting to rebuild brand equity [8] - Tapestry acquired Stuart Weitzman for $574 million in 2015 and Kate Spade for $24 billion in 2017 [9] - The holding company Coach Incorporated was renamed Tapestry in October [9] Financial Performance & Growth - In 2021, Coach's sales grew by 16% year-over-year and 15% compared to pre-pandemic levels [10] - Coach accounted for 74% of Tapestry's revenue that year [11] - Tapestry's market cap has expanded by approximately 140% over the last five years [11] - Coach's revenue increased by 15% in Q3 2025 compared to the same quarter of the previous year [14] Market Dynamics & Future Opportunities - Demand for Coach's products increased by 332% year-over-year [15] - Coach generates about 60% of its sales in North America, with growing international appeal, especially in Asia [17] - The brand sees significant growth potential with the increasing number of women globally who can afford a handbag over $100 [21]
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
Operational Efficiency & Automation - Amazon introduces Vulcan, a new robot designed to improve warehouse operations [1] - Vulcan can handle 75% of the 1 million items in the fulfillment center [2] - The robot utilizes a "sense of touch" technology to manipulate items under 8 lbs [3] - Vulcan operates at approximately the same speed as a human worker [4] Workforce & Safety - Amazon states that Vulcan will not replace workers but shift them to higher-skilled positions [3] - The company anticipates Vulcan will reduce worker injury rates by handling items on high and low shelves [3] Facility & Scale - The fulfillment center in Spokane, Washington, spans 2.6 million square feet [1] - The center handles 3.5 million items with 2500 employees [1] - Vulcan is currently in use in Spokane and in Germany [4]