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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.
Have you ever wondered why we board airplanes the way we do and if there's a faster way? There are numerous different methods to board airplanes: front-to-back, back-to-front, random, unassigned seating and WILMA.
For many of its early years in the U.S., Kia was a low-end brand and its cars were often criticized for poor quality, reliability and design. But a brush with bankruptcy and an investment from Hyundai, Kia grew fast.
Ever wondered why it's so hard to sound like a local when you go on holiday? Discover the pronunciation tips your teachers may have missed.
Labor productivity is a key, if often overlooked, economic indicator that policymakers use to gauge the health of the economy and guide fiscal and monetary policy decisions. But the U.S. has seen a productivity slump in recent years.
Since the 1950s, the Volkswagen bus has been an iconic staple of American culture and after a 20-year hiatus, the minibus is making an electric comeback with the ID. Buzz.
Non-cash payments are on the rise all over the world. Our writers explain how digital technology has changed the way consumers shop in three important markets: America, China and India.
As more retail investors trade penny stocks, innocent traders may turn to victims. Penny stocks are more vulnerable to fraud and have a history of multi-million dollar scams.
The average American says they need to earn $233,000 a year to be financially comfortable. But in 2021, American workers on average made only $75,203 annually.
Airlines have been spending big to add more space and comfort to seats on board planes. According to AeroDynamic advisory, airplane seats were a $2.6 billion dollar market globally in 2022, almost half of $6.2 aircraft interiors market.
Elon Musk changed Twitter’s name to X in late July, marking a major change for the social media company. His fascination around ‘X’ dates back to 1999, when he envisioned X.com as a banking site.
The launch of Tesla’s Cybertruck is one of the most anticipated EV releases in history. With its cyberpunk-like design, Elon Musk’s vehicle is a radical departure from America’s long homogenous-looking pickup trucks, like Ford’s F-150.
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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
The Future of Retail in Asia-Pacific: From Turbulence to Resurgence
Why EV Leases Are So Cheap Right Now In The U.S. -CNBC
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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