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Drivers headed to downtown Manhattan will face a new toll beginning in spring 2024. The final fee, which is still up for debate, is expected to be between $9 and $23 dollars per day for passenger vehicles.
Volkswagen has come to rely on China for a third of its auto sales, but its market share in the country has been waning as rival carmaker companies like BYD hit the market.
Major American cities such as New York and San Francisco face serious problems — mass migration, empty offices and declining tax revenues. These trends have had a direct impact on cities.
San Francisco's downtown suffered an exodus of workers and businesses during the pandemic. These closures followed the disappearance or scaling back of some of the city’s most prominent corporate tenants like Facebook and Salesforce.
Ageing has always been inevitable but fasting, epigenetic reprogramming and parabiosis are just some of the scientific techniques that seem to help people stay young. Might the Peter Pan dream become real?
The U.S. used to be a global leader in lithium processing, but it lost its market control to China in the early 2000s. Since then, China has developed its own lithium supply chain, controlling 55% of the market.
Elon Musk and Tesla could emerge as winners from the UAW strikes against Detroit automakers Ford, GM, and Stellantis. Thousands of union workers are striking the plants of the Detroit Three - as the three legacy automakers are called.
Food service on domestic airlines has drastically changed in recent years. Nearly 3 million passengers fly every day in the U.S. Post pandemic, airlines have seen an increase in passengers buying up to premium seats.
As factories closed and more companies moved their operations offshore, employment in manufacturing has declined over the years. But now the USA is spending big on industrial policies, to bring manufacturing back into the country.
You’ve seen it in more and more job postings: Unlimited. Vacation. Sounds awesome right? Only about 8 percent of employers offer this perk, according to a recent survey from the Society for Human Resource Management.
Rampant inflation, a booming black market for US dollars and crippling debt - welcome to Argentina, one of the world's most dysfunctional economies. How did it end up like this?
Hybrid work has meant fewer riders on New York City's subway and a drop in fare revenue for the system's operator the Metropolitan Transportation Authority.
Watch this video to learn more about how inflation expectations are measured, why the Federal Reserve cares so much about what Americans predict and how consumer behavior can manifest higher prices.
The Panama Canal is running out of water, threatening to slow down the global supply chains and economies that depend on it. 40% of all U.S. container ship traffic passes through the canal.
Electric vehicles are on the rise, capturing a growing market share. A lack of charging infrastructure is a common hurdle but electric road projects, like Detroit's upcoming initiative led by Electreon, offer wireless charging while driving.
As revenge-travel booms post-pandemic, a slew of low cost airlines like Norse Atlantic Airways, French Bee and Play have begun advertising cheap transatlantic flights.
Outback Steakhouse, renowned for its American twist on Australian barbecue, has found unexpected success in Brazil. The South- American nation is responsible for an astonishing 83% of Bloomin’ Brands’ total international sales.
CNBC’s Alex Sherman reports on the inside story of a CEO succession plan gone awry at Disney, a cautionary tale about ego and hubris at the highest levels of corporate America.
Americans may soon be working for artificial intelligence platforms says former secretary of labor, Robert Reich. In this episode of "The Bottom Line," Reich explains how AI will create a system where workers bid for jobs.
China is facing a growing list of problems, real estate, semiconductor bans and labor market gyrations. The world's second-most populous country also has a major youth unemployment problem.
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There will be an Answer - Let it Be
Continuing our journey to learning something new, our next stop is the Rock N Roll Hall of Fame in Cleveland Ohio. This city was named after Moses Cleaveland, a surveyor from Connecticut who founded Cleveland in 1796 while surveying the Western Reserve.
Cleveland would go on to have the first electrified public square in 1879 (thanks to Charles Brush and his arc lamp), and become home to General Electric in 1892. It is also the city with the first indoor mall opening in the country in 1890.
Standing over Public Square is the Terminal Tower which when it opened in 1928, was the second tallest building in the United States. And if you needed some super inspiration, remember that Cleveland is where Superman was created by Jerry Siegel and Joe Shuster in the early 1930s.
Today, Cleveland is the home of the Rock & Roll Hall of Fame. The city’s own radio disc jockey Alan Freed both coined the term "rock and roll" and heavily promoted the new genre—and that Cleveland was the location of Freed's Moondog Coronation Ball, often credited as the first major rock and roll concert.
This photo is from the Rock & Roll of Fame featuring one of my favorite songs from the Beatles. “And when the night is cloudy there is still a light that shines on me. Shine until tomorrow, let it be.”
Retailers' Blind Spot for Holiday 2024
When asked about their top holiday concerns for 2024, retailers revealed a continued reliance on historical data for critical decisions, rather than leveraging current consumer feedback. Key uncertainties revolve around promotional strategies, understanding item volume drivers, and the potential impact of inflation. The outcome of the holiday season remains unpredictable, even from these insider’s perspectives. - From First Insights Read more
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Automakers are offering steep discounts on electric vehicles, and especially on leases. In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of EV buyers did. Read more
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