This Inflatable Space Habitat Could Help NASA Return To The Moon
Sierra Nevada Corporation is one of the private sector companies trying to help NASA get us to the moon. The company is developing what it calls the ‘Large Inflatable Fabric Environment” at the Johnson Space Center in Houston, Texas. Sierra Nevada hopes NASA will use the habitat in its new Artemis program, which will lead the U.S. back to the moon and, eventually, Mars.
Sierra Nevada’s habitat is competing with prototypes from Boeing, Northrop Grumman, Bigelow Aerospace and NanoRacks. Each company has proposed its own habitation prototypes. NASA began testing the prototypes on the ground in March. The space agency says those tests should last several months.
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This Inflatable Space Habitat Could Help NASA Return To The Moon
July 19, 2019
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How Amazon Uses Explosive-Resistant Devices To Transfer Data To AWS
Demand for cloud computing from providers like Amazon Web Services continues to rise from both companies and consumers that rely on remote storage and computing power accessible from anywhere. While other tech giants Google, Microsoft, and IBM are vying to be the go-to providers, Amazon remains the undisputed leader in cloud computing.
Amazon Web Services is behind much of the technology we use every day, from streaming your favorite shows on Netflix to calling a car from Lyft. AWS has been one of Amazon’s most profitable business endeavors as companies abandon their own data centers for Amazon Web Services. Amazon said it has more 4,000 government contracts as well.
But moving data from local servers to the AWS cloud servers can be a challenge. Amazondeveloped physical and rugged products called the Snowball and the Snowmobile to help companies transfer data to the cloud. CNBC got a rare inside look at how Amazon Web Services transfers a large amount of data to the cloud.
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How Amazon Uses Explosive-Resistant Devices To Transfer Data To AWS
July 18, 2019
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How Military Pollution Could Cause The Next Water Crisis
The United States military's use of a firefighting foam, with the intention to save lives, could turn out to have dire consequences for those who handled it and people who live nearby. PFAS, short for per- or poly-fluoroalkyl substances, have seeped into the groundwater and at times spread into drinking water by way of firefighting foam runoff. Now, communities across the country are wondering what PFAS-contaminated water means for their health, their homes and who's responsible to clean it all up.
The Department of Defense had identified 401 military sites that could be contaminated with the toxic compounds, known as PFAS, as of August 2017. The Environmental Working Group and Northeastern University have mapped at least 712 documented cases of PFAS contamination across 49 states, as of July 2019. That map includes contamination on military bases along with industrial plants, commercial airports and firefighting training sites.
PFAS, short for per- and polyfluoroalkyl substances, are found at high levels in a concentrate for a firefighting foam called AFFF, or aqueous film forming foam, which has seeped into groundwater and at times tainted drinking water. The Environmental Working Group estimates more than 100 million Americans could be drinking tap water contaminated with PFAS.
Dubbed “the forever chemical,” PFAS don’t naturally break down in the environment, which explains why some water sources are still contaminated from AFFF use decades ago.
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How Military Pollution Could Cause The Next US Water Crisis
July 17, 2019
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Why Big Dairy Companies Struggle In India
With its dairy-heavy diet of curries and yogurt drinks, India seemed a likely place for the French dairy company Danone to find success when it entered the country in 2011. But by 2018, Danone ceased operations of its Indian dairy division.
India is the world's top producer and consumer of dairy — in 2018 alone, the country's 75 million dairy farmers produced 410 billion pounds of milk, about 22% of global production. With this and its dairy-heavy diet of curries and yogurt drinks, the giant French dairy company Danone hoped to find success in the country, opening its own production line in 2011.
This division failed to account for more than 10% of its sales in India, the vast majority instead coming from its 'specialized nutrition' segment. Analysts say that India's highly localized, fractured dairy industry confounded Danone, a company accustomed to the relatively more consolidated dairy industries of the US and its native France.
Moreover, Danone isn't the only large dairy producer that's had trouble in the Indian market. Indian companies like Amul and Mother Dairy and multinational companies like Nestle have less than an estimated 10% of overall market share despite being in the company much longer than Danone.
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Why Big Dairy Companies Struggle In India
July 16, 2019
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How Amazon Delivers On One-Day Shipping
Prime Day, Amazon's biggest shopping event, is here, and now one-day shipping is the norm for tens of millions of items available during Amazon's Prime Day event, which runs from July 15 to July 16. To succeed at this rapid delivery, Amazon spends tens of billions of dollars every year and employs 250,000 workers in its U.S. warehouses. The process is an incredible challenge, and Amazon has faced criticism about working conditions at every step of the process. Watch the video to see what happens when you buy a Prime-eligible item on Amazon.com.
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How Amazon Delivers On One-Day Shipping
July 15, 2019
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How The IPL Became One Of The Richest Leagues In Cricket and Sports
The Indian Premier League has only been around for 12 years, but it has fast become one of the most popular and valuable cricket leagues on the planet. In 2018, the league was valued at $6.3 billion, nearly double what it was five years ago.
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How The IPL Became One Of The Richest Leagues In Cricket and Sports
July 13, 2019
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How Joe Biden Made His Millions
Joe Biden used to joke about being the poorest member of Congress. Now, he and his wife Jill Biden are millionaires. The 2020 presidential candidate, who has touted himself as a champion of the middle class, released his tax returns. The documents show the Bidens made more than $15 million in the two years after they left the White House.
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How Joe Biden Made His Millions
July 14, 2019
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How K-Beauty Took Over Global Skin Care
Skin care has become an increasingly lucrative business for cosmetic companies. That's why big names like Amazon and the Kardashians are trying to cash in. The industry's revenue is expected to grow within the next four years to more than $379 billion, according to an IBISWorld report. There's one country that's been playing an outsized role in skin care's growth— South Korea. Here's a look at how South Korea is helping skin care dominate the beauty industry.
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How K-Beauty Took Over Global Skin Care
July 12, 2019
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How BTS Became A Major Moneymaker For South Korea
Meet BTS, a seven-member South Korean boy band from Seoul. The band has sold millions of albums and is one of the most-watched artists on YouTube. Not to mention their stadium shows around the globe have quickly sold out. Should BTS maintain their popularity, they could generate $37 billion in economic value for South Korea over the next 10 years.
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How BTS Became A Major Moneymaker For South Korea
July 10, 2019
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The Business Of Amazon Shipping Boxes
Cardboard boxes are a really big deal in the U.S. Amazon alone shipped over 5 billion packages through Prime in 2017. But as Amazon moves to plastic mailers and paper mailers the corrugated box market is bracing for the fallout.
There are other players in the space but today the four big cardboard box manufacturers that dominate the market are International Paper, WestRock, Packaging Corporation of America and Georgia-Pacific.
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The Business Of Amazon Shipping Boxes
July 09, 2019
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How Kamala Harris Made Her Millions
In a field of 2020 Democratic presidential candidates with no shortage of money, Sen. Kamala Harris and her husband stand out.
The California Democrat and her spouse, lawyer Douglas Emhoff, reported about $1.9 million in adjusted gross income for last year, according to tax returns released earlier this year. Their 2018 haul more than doubles the next-highest earning candidate in the 2020 primary field, out of those who have released returns. Former Vice President Joe Biden, who reportedly has made millions since leaving office in 2017, has not yet released his returns.
Politicians often rack up huge incomes during and after their time in office. Harris’ tax returns show an official whose financial success jumped along with her influence on the national stage — and put her among the top earners in a crowded field trying to prove its chops on working-class issues.
Like Sanders and some other rivals, Harris finds herself in the awkward position of a high-income candidate campaigning on helping the low-income Americans they say the economic system has abused.
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How Kamala Harris Made Her Millions
July 08, 2019
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How Nathan's Hot Dog Contest Became A Fourth Of July Favorite
Nathan's Famous is best known for its American comfort food and the annual Nathan's hot dog eating contest held every July 4. But in an era of fake meat and health concerns, will Nathan's be able to secure a future for its humble hot dogs?
The 2019 Nathan's Hot Dog Eating Contest starts at 10:45 am ET with the women's competition on ESPN3 and the ESPN App. The 2019 Nathan's Hot Dog Eating Contest continues at 12 pm ET when the men's competition will air on ESPN2.
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How Nathan's Hot Dog Contest Became A Fourth Of July Favorite
July 04, 2019
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How Canada's Universal Health-Care System Works
Canada's health-care system is playing a larger role in America's political discourse as the 2020 presidential elections heat up. Progressives on the left love pointing to Canada as an equitable and efficient health care system. Conservatives use Canada as an example when warning about the dangers of socialized medicine and unchecked bureaucracy. So how exactly is medicare working in Canada and how does it compare to the United States?
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How Canada's Universal Health-Care System Works
July 05, 2019
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Why Fiat Is Struggling In The United States
Fiat first left the United States in 1983 amid poor sales and a reputation for unreliability. The iconic Italian automaker returned in 2010 and nearly a decade later it's facing new issues as Fiat Chrysler Automobiles says it has no plans on giving up in the United States.
Internationally, Fiat is known for cars like the Fiat 500, Fiat Uno, Fiat Palio, Fiat Punto, and the Fiat Strada. The company's automobile business dates back to 1899. According to Fiat Chrysler Automobiles' website, "Fiat is rooted in a more than century-long tradition of designing and making small cars, many of which have become icons for entire generations and accompanied Italy’s major economic and social transformations."
Founded in Turin in 1899, Fiat's small hatchbacks and roadsters are well known in its home country of Italy and other parts of Europe. Fiat's history in the United States dates back to the early 1900s. The company even built some of its earlier cars in a factory in Poughkeepsie, New York.
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Why Fiat Is Struggling In The United States
July 02, 2019
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How Plant-Based Milk Flooded The Market
Alternative meat might be having a moment. Beyond Meat's trading debut quickly became the best-performing IPO of 2019. But alternative milk has been around for a lot longer, and it's forced the $107 billion dairy industry to evolve.
consumers have their choice between almond milk, rice milk, oat milk, hemp milk, coconut milk and soy milk—you get the idea. Americans are drinking less and less milk now that store shelves are flooded with more and more options.
Paul Ziemnisky, EVP of global innovation at Dairy Management Inc., which represents dairy farmers, told CNBC in a phone interview that fluid milk, however, remains in 94 percent of households. He added that the dairy industry is finding ways to innovate through new flavors and products like Fairlife, a high-protein milk brand distributed by Coca-Cola.
"The plant-based guys like to poke and grab at just one number of a category, but we have strong pockets of growth," he said, adding that Fairlife has seen strong revenue numbers. "It's not just white milk anymore — it's milk with valued-added features."
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How Plant-Based Milk Flooded The Market
June 28, 2019
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What Foxconn - Apple's Largest Manufacturer - Is Up To In Wisconsin
Foxconn is the world's largest contract manufacturer of electronics and the biggest assembler of Apple products. Now it's building a massive factory in a village in rural Wisconsin. In a deal heralded by politicians including President Donald Trump and then Speaker of the House Paul Ryan, Wisconsin offered Foxconn close to $4 billion in subsidies to bring the project there. In return, Foxconn promised 13,000 jobs and a $10 billion investment in Wisconsin.
In the last two years, however, plans have changed many times and locals have been forced to move to make way for the 3,000 acre project. CNBC got a rare chance to sit down with Foxconn and the Wisconsin official who helped broker the deal to ask: what's really going on with the project? Watch the video to learn more about the international giant trying to build one of the world's largest factories - in the United States.
Clarification: Jim Mahoney decided not to take “a buyout offer” from the town of Mount Pleasant, not directly from Foxconn.
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What Foxconn - Apple's Largest Manufacturer - Is Up To In Wisconsin
June 27, 2019
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Why Jumia Is Beating Amazon And Alibaba In Africa
Jumia has been dubbed the "Amazon of Africa." It's Africa's largest e-commerce operator, surpassing Amazon and China's Alibaba, and it's the first African tech start-up to go public on the New York Stock Exchange. Investors had high hopes for Jumia when it went public on April 12. Now, Jumia is adjusting to its new international status, and figuring out what that status means for the African continent.
Jumia is Africa's largest online retailer. Sacha Poignonnec and Jeremy Hodara, former McKinsey & Company employees, founded the company in 2012. Like Amazon and Alibaba, Jumia allows customers to buy products like cell phones, shoes, and groceries online. Jumia also offers bill paying, food delivery, and cellular data plans.
China Daily, a Chinese state-run news organization, says that Alibaba serviced 4.2 million African customers through its AliExpress services since it entered the continent.
Jumia serviced 4.3 million users and 81,000 active sellers in 14 countries. Amazon is available in 11 countries on the African continent, but neither Amazon nor Alibaba have had the benefit of getting their start in African countries. Jumia, for example, offers unique features like allowing customers to pay for items upon delivery.
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Why Jumia Is Beating Amazon And Alibaba In Africa
June 25, 2019
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Bill Gates-Backed Carbon Capture Plant Does The Work Of 40 Million Trees
In Squamish, British Columbia, there’s a company that wants to stop climate change by sucking carbon dioxide out of the atmosphere.
It’s called Carbon Engineering, and it uses a combination of giant fans and complex chemical processes to remove carbon dioxide from the air in a procedure known as Direct Air Capture.
Direct Air Capture isn’t new, but Carbon Engineering says its technology has advanced enough for it to finally make financial sense.
The company is backed by Bill Gates — but also by the oil giants Chevron, BHP, and Occidental. These partnerships will bring Carbon Engineering’s tech to market by using the captured carbon to make synthetic fuels and and help extract more oil from the ground.
Will Carbon Engineering’s technology decrease the amount of CO2 in the air, or is it going to prolong our dependence on fossil fuels?
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How Carbon Capture Can Affect Climate Change
June 22, 2019
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Why There Is A Helium Shortage
What do balloons, MRIs and rockets all have in common? They all rely on helium — and the global market for the noble gas has been deflating for years.
Helium is the second-most abundant element in the known universe, but it’s hard to capture on Earth because of how easily it floats out of the atmosphere and into space.
Oil companies harvest helium trapped deep beneath the Earth’s surface, in natural gas chambers. Radioactive decay causes uranium rock to disperse helium into natural gas chambers over millions of years. It’s a slow process, and finding the helium can be even more challenging.
Almost every known helium reserve on the planet was discovered by accident, and the helium was merely a byproduct of natural gas harvesting.
The United States has been the largest producer of helium since 1925, thanks to a massive reserve found across Texas, Oklahoma and Kansas — fittingly named the Federal Helium Reserve. But that’s set to close down production in 2021, and scientists are looking for new reserves to replace it.
CORRECTION: At 3:26, the video incorrectly shows the national flag of Bahrain, not Qatar.
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Why There Is A Helium Shortage
June 21, 2019
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How Nike Became The Most Powerful Brand In Sports
Nike is one of the most recognized brands in the world. It continues to surpass rivals like Adidas and Under Armor, despite controversy and slowing sales growth in U.S. How did Nike become the giant it is today?
Nike's iconic swoosh logo and "Just Do It" slogan are universally known. As of June 2019, Nike is valued at nearly $130 billion, making it one of the most valuable companies in the world. It's popular shoe lines include the Nike Air Max, Nike Air Force 1, Nike VaporMax, Nike Cortez, and of course, Air Jordans.
Air Jordans, combined with an advertising strategy that embraces controversy and exclusive contracts with some of the biggest sports leagues in the country have helped Nike succeed. But sales growth in North America is slowing down and and sneaker sales aren't growing as fast as they used to.
Nike also faces criticism for its treatment of female employees, which is something the company will need to work on as it tries to make Women's apparel and sneakers a bigger part of its strategy.
Will Nike continue to grow or will Adidas, Under Armour, and other brands continue to eat into its market share?
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How Nike Became The Most Powerful Brand In Sports
June 20, 2019
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First introduced in 1953, the Chevy Corvette has long been called America’s sports car. But with the launch of an all-new version of the ”’Vette,” Chevy is changing one key detail: where the engine is. ⠀
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For the first time ever, Chevy is mounting its engine in the middle of the car — like Ferrari and other key competitors. A mid-engine layout makes a vehicle nimbler, both on the street and on the track. So just how powerful and fast is this thing? ⠀
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The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car.⠀The Stingray will launch from 0 to 60 in “less than three seconds” when equipped with an optional performance package, the automaker claims.⠀
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The redesigned ’Vette will start at under $60,000. That’s a bargain compared with key competitors like Porsche, where an entry model 911 Carrera S starts at $113,300. Ferrari’s quickly push into $200,000 territory and higher.⠀
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Learn more at the link in bio.⠀
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This is Mark Zuckerberg's first ever appearance on CNBC.
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Mr. Wonderful Kevin O'Leary, looking through the prism of his more than 50 Shark Tank companies, raves about the U.S. economy.⠀
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I can report to you, on a private basis, I've never seen a stronger economy in my life, contended the 65-year-old O'Leary. This is fantastic with what's going on.⠀
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Read more at the link in bio.
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Developing space technologies is critical for human beings to have a long future, Jeff Bezos says.⠀
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“We humans have to go to space if we are going to continue to have a thriving civilization,” Bezos says.⠀
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“We have become big as a population, as a species, and this planet is relatively small. We see it in things like climate change and pollution and heavy industry. We are in the process of destroying this planet.”⠀
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He envisions a future where we'll be able to live and work in space. It will be “multiple generations” and “hundreds of years” before this is a reality, Bezos said, but with Blue Origin he is working to develop the technology that will make it possible.⠀
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Learn more at the link in bio.⠀
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(with @cnbcmakeit)
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Netflix shares fell more than 10% Thursday, after the company missed hard on the only number that matters — international subscriber growth. The company forecast 5 million global net adds for the quarter, but only saw 2.7 million.⠀
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Netflix trades on international growth. It can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt. And growth is entirely dependent on Netflix’s prospects internationally, in countries such as India and Malaysia. If Netflix misses by that much — 42% — on international net additions, the stock is going to get hammered.⠀
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The bigger question is why Netflix missed by that much. You can learn more about that at the link in bio.⠀
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It's worth noting that the stock is still up 20% so far this year.
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A lot of misinformation is floating around about FaceApp, a Russian app that went viral this week after people began using it to see what they’d look like old. ⠀
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Let's set the record straight. 👴⠀
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FaceApp told CNBC that it only uploads the photo selected for editing. It does not upload any other images in your library. It also said most images are deleted from its servers within 48 hours. ⠀
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FaceApp also said that while the company’s R&D team is located in Russia, it doesn’t transfer user data to Russia.⠀
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And now FaceApp actually warns you it’s uploading your picture for processing on its servers, so you can decide if you want to or not. ⠀
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If you’re still concerned about privacy, our tech editor recommends only giving the app access to your camera, instead of your entire photo roll. When you’re done, you can delete the app which takes all permissions away. Read more at the link in bio.
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Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes.⠀
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The dollar volume of homes purchased by foreigners from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors.⠀
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“The magnitude of the decline is quite striking, implying less confidence in owning a property in the U.S.,” the Realtors’ chief economist says.⠀
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Learn more at the link in bio.
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Did you catch CNBC on @Jeopardy tonight?
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Elon Musk’s ambitious brain-computer start-up Neuralink is looking to start trials on humans next year.⠀
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“...you’ll see it coming,” Musk said. He said in the future there could be an “app store” for different programs that could tap the technology.⠀
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The start-up envisions drilling holes into the brain with a custom machine to embed thin threads that connect to a tiny processor, which can then be connected to a smartphone over Bluetooth. Over time it would like to make the installation process as simple as laser-eye surgery.⠀
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Learn more at the link in bio.
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with @chartoftheday: Pete Buttigieg and Joe Biden led the 2020 Democratic primary field in second-quarter fundraising, entering July with a healthy store of cash, according to new campaign filings.⠀⠀
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Buttigieg hauled in $24.9 million from April through June, the best in the field of about two dozen candidates. Biden took in the second most with about $22 million, followed by Sens. Elizabeth Warren and Bernie Sanders with about $19.2 and $18 million in contributions, respectively.⠀⠀
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For the fundraising totals, we tracked individual contributions, a key way to gauge support for candidates. The exception is former Rep. John Delaney, the only candidate to self fund the vast majority of his campaign operation.⠀
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Take a closer look by swiping right, and get the full story at our link in bio.⠀Follow our newest Instagram account @chartoftheday for more.
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Current and former Tesla employees working in the company’s open-air “tent” factory say they were pressured to take shortcuts to hit aggressive Model 3 production goals, including making fast fixes to plastic housings with electrical tape, working through harsh conditions and skipping previously required vehicle tests.⠀
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For instance, four people who worked on the assembly line say they were told by supervisors to use electrical tape to patch cracks on plastic brackets and housings, and provided photographs showing where tape was applied. ⠀
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Learn more at the link in bio.
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Amazon is looking to expand its empire.⠀
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Called Project Kuiper, Amazon aims to launch a network of 3,236 small satellites to create an interconnected network that beams high-speed internet to anywhere on Earth. ⠀
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And Morgan Stanley believes Jeff Bezos’ ambitious satellite internet plan may become one of its most lucrative businesses. They even called it a ”$100 billion opportunity,” based on its expectation that the space economy will grow to more than $1 trillion over the next 20 years. ⠀
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Learn more about the project and its potential, at the link in our bio.⠀
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