The Best Of CNBC — Lost In Translation
Take a look at highlights from our Lost In Translation mini doc franchise. Videos include:
Why McDonald's Flopped In Vietnam
Why Starbucks Failed In Australia
Why Tesco Failed In The United States
Why 7-Eleven Failed In Indonesia
Why Netflix Is Struggling In India
Why Walmart Failed In Brazil
Why Dunkin' Donuts Is Failing In India
Why Is McDonald's Struggling In The Philippines? Jollibee
Why KFC Can't Compete With McDonald's In Israel
Why McDonald's Failed In Iceland
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May 22, 2019
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Who Makes Money From Professional Poker?
Poker is a game of extreme variance. Professional poker players can go stretches without winning or placing at a level that earns any cash. The wins, however, can make up for the droughts with players earning thousands to millions of dollars depending on the game or tournament entered. Considering poker is an inconsistent sport, players look to offset the risk involved. This is done through staking, where an "investor" will pay a player's way through tournaments for a piece of the action.
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Who Makes Money From Professional Poker?
May 21, 2019
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Why WeWork Is Considering An IPO Despite Losing $1.9B in 2018
WeWork's parent company, The We Company, is set to go public this year. It's the latest in a string of richly valued start-ups considering an IPO in 2019. Even though The We Company was recently valued at $47 billion it’s hemorrhaging cash and lost $1.9 billion on $1.8 billion in revenue in 2018.
Things improved for WeWork in the first quarter of 2019, but only slightly: The company says it lost $264 million on $728 million in revenue during the quarter.
Its core business centers on renting out co-working spaces to everyone from startups and freelancers to large enterprises. WeWork says it’s in 485 locations and has 466,000 members, up from 186,000 in 2017.
The We Company's CFO told CNBC that investors should look at WeWork’s losses as “investments” that will lead to more cash flow. However, Lyft and Uber’s recent IPO stumbles could bode poorly for WeWork’s chances of a successful debut, as investors seem wary about taking a bet on companies that lack clear paths to profitability.
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Why WeWork Is Considering An IPO Despite Losing $1.9B in 2018
May 20, 2019
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How French Health Care Compares To The US System
France's health-care system, which is called "social security," has been globally recognized for overall quality. In a 2000 report, the World Health Organization ranked it the best national health-care system in the world.
As Democrats push a government-funded health care and President Donald Trump campaigns on repealing Obamacare without a clear alternative, Health care has become a major focus of the 2020 elections. Many Americans are considering what kind of health care system they may want.
“Medicare for All” has become a mantra among the left-of-center Democrats, with most of their plans calling for a universal single-payer health-care system, closely modeled after Canada’s health-care system. But there’s another national health-care system that’s worth paying attention to: France’s.
***CLARIFICATION*** At 1:35 we make a comparison between the rate of rehospitalization between France and the United States. The difference is 5.3 percentage points lower, not 5.3% lower.
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May 18, 2019
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Why Glasses Are So Expensive
In 2017, Italian eyewear behemoth Luxottica announced a merger with Essilor, a French lenses manufacturer. The $49 billion merger furthered Luxottica's entrance into all facets of eyewear, from design, to manufacturing, to retail. Though the merger was approved by several major international trade commissions, including the FTC, some antitrust experts question if the move will help consumers, or entrench the industry standard in which glasses cost hundreds of dollars.
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Why Glasses Are So Expensive
May 16, 2019
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Is Electric Skateboard Maker Boosted's Scooter Worth $1,600?
Boosted, best known for its electric skateboard, will enter the scooter business this summer with the Boosted Rev, a $1,600 electric scooter. We got a first look at the new scooter and talked to the CEO and co-founder to see why the company is betting big on electric scooters.
The company hopes to appeal to a broader customer base, but it will be going up against the scooter-sharing companies that have recently starting popping up in cities.
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Is Electric Skateboard Maker Boosted's Scooter Worth $1,600?
May 15, 2019
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Why General Motors Left Europe
In 2017, General Motors, the largest U.S. automaker, with brands like Chevrolet, Cadillac, and Buick made one of its boldest moves in its history. It sold its European Opel and Vauxhall brand to the French automaker PSA, known for brands such as Peugeot and Citroen. It was the end of an era for GM, which had first ventured into Europe nearly 90 years before.
GM left Europe after 20 years of losses, but why did the largest U.S. automaker leave such a big market? Did it simply fail?
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Why General Motors Left Europe
May 14, 2019
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Is The OnePlus 7 Pro Worth $700?
OnePlus is a brand that has been under the radar since starting in 2013. It's recently broken into the U.S. market and it's newest phone, the OnePlus 7 Pro, could draw an even bigger crowd.
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Is The OnePlus 7 Pro Phone Worth $700?
May 14, 2019
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Will President Trump Release His Tax Returns?
President Donald Trump has yet to release his tax returns despite being the only presidential candidate from a major party not to do so in the last 40 years. The issue of Trump's tax returns is coming to a head as the Democratic controlled House Ways and Means Committee has subpoenaed Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig.
Even as Trump refuses to release his returns, the New York Times said it obtained printouts from IRS tax transcripts showing losses of more than $1 billion from 1985 to 1994.
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Will President Trump Release His Tax Returns?
May 13, 2019
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Why Elon Musk, Facebook and MIT Are Betting On Mind-Reading Technology
Elon Musk, Facebook, MIT, and a 16-year-old inventor are in the race to read minds with computers. Currently, researchers can detect brainwaves and track electromagnetic pulses within the neurons in our brains. Will this technology completely change humanity and what it means to be human?
Big players like Elon Musk and Facebook have teased their entrance into a market that's expected to reach $1.72B by 2022. New research is pouring out of universities like Massachusetts Institute of Technology and The University of California in San Francisco.
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Why A 16-Year-Thinks He Can Beat Elon Musk To Mind-Reading Technology
May 11, 2019
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Why Apple, Warren Buffett, And Others Use Stock Buybacks
Companies like Apple and Walmart purchase outstanding shares of their own stock in a practice known as buybacks. Over the last year there's been an increase in politicians questioning buybacks and whom they actually benefit.
In December 2017 President Donald Trump signed the GOP tax cut, which took effect the next month and lowered corporate tax rates from 35 percent to 21 percent.
The bill was supposed to spur corporations to reinvest those savings back into their own companies, thus creating jobs and employment opportunities and allow companies to pay higher salaries.
Many businesses spent more on internal projects, at least initially. But business investment slowed later in the year, as concerns about the economy grew.
At the same time, companies used their cash to buy back a record $1.1 trillion worth of their own shares, leading Democrats to propose legislation limiting buybacks unless companies raise their minimum wage to $15 and agree to other employee benefits.
Republicans like Senator Marco Rubio have suggested raising the capital gains rate to discourage buybacks.
SEC Commissioner Robert Jackson Jr. recently expressed his belief that most buybacks are better for executives than for shareholders. And that could give new momentum for the Securities and Exchange Commission to change the rules.
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Why Apple, Warren Buffett, And Others Use Stock Buybacks
May 10, 2019
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Why Uber Is Losing Money
Uber will hit the public markets this morning with a valuation that could top $75 billion. The world's biggest ride-hailing business debuts weeks after Lyft, its smaller rival.
Uber is far from making money with operating losses of $3 billion in 2018. This follows an operating loss of more than $4 billion in 2017. Still, not all investors are scared away from red ink. Some analysts predict Uber will eventually turn a profit.
Watch the video to learn how Uber spends money and what it will take for the business to become profitable.
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Why Uber Is Losing Money
May 10, 2019
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Why Daycare Is So Expensive In America
Child care costs vary from state to state, even county to county. But there is one common thread across the country – it's really expensive. Both parents and child care providers are struggling to make ends meet with the rising cost of child care.
Raising a kid in America is expensive. The cost of child care has nearly tripled since 1990, which is more than the overall rate of inflation.
The price families pay varies from state to state, even county to county. But in many places, it costs more to send a toddler to day care than it does to pay for housing, transportation or even college tuition.
There is good reason child care is so expensive — it's a very involved, labor-driven industry.
But the tension around the cost of child care in the U.S. really boils down to who foots the bill. In countries like Denmark and Sweden, the government covers much of the child care costs. In America, the costs are generally shouldered by parents and providers.
Federal child care funding in the U.S. has been in a perpetual ebb and flow in response to cultural values. During World War II, the federal government came the closest it's ever been to having universal child care.
Now, with the 2020 election coming up, some candidates are making it a priority.
Watch the video above to learn about the history of child care in America and how rising costs are impacting families today.
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Why Daycare Is So Expensive In America
May 09, 2019
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The History Of Vaccines And Why Sales Are Rising
Vaccines are one of the biggest successes of modern medicine. They save up to 3 million people worldwide every year. From research and discovery to product development, it can cost up to a billion dollars to make one vaccine, and that process -- can last up to 15 years. During the past few decades the number of companies producing vaccines has dwindled to just a handful. There are other players in the space but today the four big drug companies that now dominate the market are Merck, Pfizer, Sanofi Pasteur and GlaxoSmithKline.
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The History Of Vaccines And Why Sales Are Rising
May 08, 2019
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Why The US Has No High-Speed Rail
China has the world’s fastest and largest high-speed rail network — more than 19,000 miles, the vast majority of which was built in the past decade.
Japan’s bullet trains can reach nearly 200 miles per hour and date to the 1960s. They have moved more than 9 billion people without a single passenger causality. casualty
France began service of the high-speed TGV train in 1981 and the rest of Europe quickly followed.
But the U.S. has no true high-speed trains, aside from sections of Amtrak’s Acela line in the Northeast Corridor. The Acela can reach 150 mph for only 34 miles of its 457-mile span. Its average speed between New York and Boston is about 65 mph.
California’s high-speed rail system is under construction, but whether it will ever get completed as intended is uncertain.
Watch the video to see why the U.S. continues to fail with high-speed trains, and some companies that are trying to fix that.
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May 07, 2019
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Where Democratic Front-Runners Stand On 2020's Biggest Issues
The 2020 Iowa caucuses are less than a year away, and Democratic campaigns are in full swing. With more than a dozen candidates meeting DNC requirements for the debates, Joe Biden, Bernie Sanders, Elizabeth Warren, and Pete Buttigieg lead the pack according to a recent poll. As voters move further left in the Trump era, centrists candidates are facing stiff competition from progressives. Here are where the front-runners stand on the issues that could shape America’s future.
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Where Democratic Front-Runners Stand On 2020's Biggest Issues
May 04, 2019
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Why Traditional Retirement Advice Could Leave You Broke
When the stock market is volatile, people often wonder what's going to happen to retirement money they've worked so hard to save and invest. Some want to pull their money out of stocks to keep it safe. Others take unnecessary risks, trying to get rich fast. Josh Brown, CEO of Ritholz Wealth Management, breaks down the most important things to keep in mind when investing as you near retirement.
One of the biggest misunderstandings about investing is the role that volatility plays in your portfolio.
Too much volatility, and you’re likely to panic and make disastrous decisions during the market’s roughest environments. Not enough volatility and you’re probably not taking enough risk to earn the returns you’ll need for later.
It’s counterintuitive to think about volatility as your portfolio’s best friend, but once you switch your mindset over to doing so, you’ll become a much stronger and better equipped investor.
Let’s start with the undeniable, incontrovertible fact: Risk and reward are inextricably linked. This is why stocks have returned almost double what bonds have returned over the last seven decades in the post-WWII era. This is in both nominal and real (adjusted for inflation) terms.
Stock investors are taking more risk of drawdowns and volatility than investors in Treasury bonds, and the market’s way of compensating them for that risk is long-term returns that are substantially higher. But they’re not free. Investors must endure much greater uncertainty in the stock market as the price of this outperformance.
The right portfolio strategy is typically a mixture of enduring uncertainty for high returns and enjoying less uncertainty but lower returns. A financial plan can help you figure out what blend makes the most sense given your long-term goals and short-term needs.
Let’s also consider the fact that Wall Street makes most of its money convincing investors that they can either completely contain risk or even remove it from the equation. This is very difficult to do and most investors who attempt it end up disappointed with the results. Some version of risk must always be endured in the pursuit of returns. Risk cannot be eliminated, it can only be transformed into a different type of risk.
Speaking of risk, one of the biggest problems with the way investors think about volatility is that they equate it with risk. But seeing price fluctuations in the short term only feels like risk. It only becomes a real risk if investors act on these feelings, making buy and sell decisions to alleviate mental anguish today at the expense of tomorrow.
For most individual investors, the real risk is not saving enough and not having it grow enough to cover future expenses during retirement.
If running out of money is the true risk, then anything you do today that reduces your probability of growing your nest egg is causing that risk. This means not having enough exposure to stocks while you’re young, working and able to replace lost income.
The most important lesson I’ve ever been taught is that you’re going to have financial risk regardless, so when do you want it? You want it early, and not late, in your lifetime.
Risk is the source of long-term investment returns. Being able to bear the volatility that so many others can’t sets you up to reap the rewards that risk-averse investors have taken themselves out of the running for, by swinging to cash or fleeing into Treasury bonds or hedging away all of their potential upside.
Don’t take yourself out of the running. Stay in the game and remind yourself why you’re playing in the first place.
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Why Traditional Retirement Advice Could Leave You Broke
May 03, 2019
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What Will Cause The Next Recession - Joseph Stiglitz On Trump's Protectionism
Noble Prize-winning economist Joseph Stiglitz offers his thoughts on what might cause the next recession from the floor of the New York Stock Exchange. He dives into three major headwinds facing the global economy: Trump's protectionism, stagnation in the Eurozone, and potentially unstable growth in China. Stiglitz also chimes in on Universal Basic Income, saying he’s not “a big UBI guy”. He talks about cryptocurrencies as well, offering his concerns on how they facilitate illegal activities and suggesting authorities ban them altogether.
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What Will Cause The Next Recession - Joseph Stiglitz On Trump's Protectionism
May 06, 2019
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Why Goldman Sachs Went From Investing For The Rich To Targeting Everyone
Goldman Sachs, the Wall Street investment bank, has a storied history. Founded by Marcus Goldman 150 years ago, his son Henry revolutionized the industry with company valuations and IPOs. It was the gold standard in investment banking for decades and partners got rich when the company went public. But the firm's reputation took a beating during the financial crisis, eventually leading to one of the most interesting pivots in Wall Street history.
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How Goldman Sachs Became Wall Street's Most Powerful Investment Bank
May 02, 2019
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How Viagra Made Pfizer Billions Before Generics
Pfizer was making $1.8 billion a year on average from Viagra when the erectile dysfunction drug first appeared on the market. After the patent expired in late 2017 and competitors created cheaper alternatives and generics, Viagra sales plummeted with 73% year-over-year for 2018.
Pfizer still holds the lead in the erectile dysfunction market with 65% even as Viagra sales falter. It’s been able to maintain that significant share thanks in part to launching Sildenafil, its own generic version of the blue, diamond-shaped pill. Cialis and its generic, Tadalafil, and Levitra and its generic, Vardenafil, are close behind with 30% and 5% of market share, respectively.
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About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
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#CNBC
#Viagra
How Viagra Made Pfizer Billions Before Generics
May 01, 2019
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Blue Origin founder and Amazon CEO Jeff Bezos predicts we'll have 1 trillion humans in the solar system one day — and he has plans to help get us get there.⠀
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We are starting to bump up against the absolute true fact that Earth is finite, Bezos said.⠀
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Blue Origin's aim is to lower the cost of access to space. You can read more about its mission at our link in bio.⠀
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#jeffbezos #amazon #blueorigin #space #astronomy #stars #universe #galaxy #nasa #cnbc
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Make mistakes, take your time, celebrate small successes, and more. (via @cnbcmakeit)⠀⠀
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#jamesaltucher #millionaire #millionairemindset #leadership #business #entrepreneur #success #money #inspiration #motivation #goals #lifegoals #workgoals #wordsofwisdom #wordstoliveby #cnbc
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The design process for the $20 bill featuring Harriet Tubman has been delayed and no new imagery will be unveiled until 2028, Treasury Secretary Steven Mnuchin said.⠀
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▪The redesign was set to be unveiled in 2020 to coincide with the 100th anniversary of the 19th Amendment, which granted women the right to vote.⠀
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▪“The primary reason we have looked at redesigning the currency is for counterfeiting issues,” Mnuchin said.⠀
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▪The decision to put Tubman on the $20 bill was announced in 2016 following input from the public.⠀
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To read what lawmakers are saying about the delay, click the link in bio.⠀
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with @cnbcmakeit. You can expect at least 3 “Game of Thrones” spinoffs. And yes, George R.R. Martin is involved.⠀
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▪Martin is an executive producer for a prequel series that has reportedly already started filming and could air sometime in 2020. ⠀
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▪Just like “Game of Thrones,” the prequel will take place in the fictional land of Westeros, but fans might not recognize it. The prequel will be set anywhere from 5,000 to 10,000 years earlier than the series.⠀
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To read HBO’s summary of the prequel, click the link in bio.⠀
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#gameofthrones #GoT #GoTspinoff #GoTprequel #gameofthrones8 #hbo #georgerrmartin #jonsnow #aryastark #daenerystargaryen #business #businessnews #cnbc⠀
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Target said its e-commerce sales rose last quarter, as shoppers increasingly used its curbside pickup service for online orders. (Something e-commerce giant Amazon can’t offer.)⠀⠀
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▪Online sales surged 42%, and purchases that originate online now represent 7.1% of Target’s total transactions. That’s up from 5.2% a year ago.⠀⠀
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▪Shares of Target rose nearly 7% in premarket trading after the company reported fiscal first-quarter earnings that surpassed analysts’ expectations.⠀⠀
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To read more about Target’s projections for the upcoming year, click the link in bio.⠀⠀
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#target #tgt #targetstyle #shopping #retail #stockmarket #stocks #business #marketdata #data #investing #tradertalk #wallstreet #wallst #businessnews #CNBC⠀⠀
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The James Beard Foundation's annual awards — considered the Oscars of the food world — named its Outstanding Restaurant for 2019, and it's not in foodie meccas New York City or Los Angeles.⠀
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Zahav, which serves modern Israeli cuisine, is in Philadelphia.⠀
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I remember thinking how during the first few months we were open, we thought there was no way we were going to make it, Zahav co-owner Steve Cook tells @CNBCMakeIt.⠀
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To go from nearly rock bottom to the absolute pinnacle is almost unbelievable.⠀
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Learn more at the link in bio.⠀
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U.S. aviation officials believe a bird strike may have led to the deadly crash of an Ethiopian Airlines Boeing 737 Max in March, according to a person familiar with the matter.⠀
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Boeing shares rose after the report Tuesday, closing up 1.7%.⠀
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The fast-selling Boeing 737 Max airplanes have been grounded since shortly after that accident, which came less than five months after a similar crash in Indonesia. Together, the two crashes killed 346 people.⠀
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To read more about the investigation, visit the link in bio.⠀
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#boeing #boeing737max #boeing737 #737max #ba #aviation #markets #airplanes #airlines #flight #ethiopianairlines #business #businessnews #cnbc ⠀
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Whether you loved it or hated it, the final episode of Game of Thrones broke season 8 viewing records. ⠀⠀
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▪19.3 million people tuned in Sunday night to watch the series finale, which was widely criticized by fans.⠀⠀
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▪One of the chief complaints about the final season was its pacing and its treatment of previous character developments.⠀⠀
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▪Each year, “Game of Thrones” has seen its audience grow, which is a rarity for TV shows. Series usually lose viewership over the course of a run. ⠀⠀
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To read more about fans’ reactions, click the link in bio.⠀⠀
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#gameofthrones #GoT #gameofthrones8 #hbo #georgerrmartin #jonsnow #aryastark #daenerystargaryen #business #businessnews #cnbc
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Morgan Stanley reduced its worst-case forecast on Tesla stock from $97 to just $10. What’s behind the cut? China.⠀
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▪Morgan Stanley analysts said they’re concerned about Tesla’s debt load and geopolitical exposure, particularly Chinese demand for Tesla products.⠀
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▪The firm’s bear case for Tesla assumes that the electric car maker misses its Chinese volume forecast by half due to the volatile trade situation there.⠀
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▪As of Tuesday morning, Tesla shares were down 38% year-to-date.⠀
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To read more, visit the link in bio. ⠀
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#tesla #tsla #teslamodels #elonmusk #elon #ev #morganstanley #business #businessnews #cnbc
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with @cnbcmakeit: Small talk. Few people enjoy it, many have to endure it. But for all the effort it takes to conduct small talk, you should walk away with at least some sort of a connection.
The key to making the most out of small talk, according to Harvard researchers, is to simply ask the other person follow-up questions. In a series of experiments, researchers analyzed more than 300 online conversations and found that those who were asked more meaningful follow-up questions (a.k.a. questions that aren’t “how are you?” or “what do you do?”), found the other person much more likable.
“When people are instructed to ask more questions, they are perceived as higher in responsiveness, an interpersonal construct that captures listening, understanding, validation and care,” the researchers wrote.
You can become an expert in small talk by following these eight steps, at the link in bio.
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#smalltalk #officetalk #professional #connections #listening #understanding #empathy #empath #research #officelife #office #conversation #tips #cnbc #cnbcmakeit
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A sweeping report assessing the state of the natural world found that humans are having an unprecedented and devastating effect on global biodiversity, with about 1 million animal and plant species now threatened with extinction.⠀
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Details, at the link in our bio. ⠀
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#biodiversity #science #sustainability #environment #news #new #cnbc
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World-famous architect I.M. Pei has died at age 102. Pei was famous for his addition to the Louvre as well as his design for the Rock and Roll Hall of Fame in Cleveland.
#architect #impei # famous #architecture #design #rockandroll #building #louvre #designer #pyramid #cnbc
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