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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.
Royal Caribbean’s Wonder of the Seas is the largest cruise ship in the world, coming in five times larger than the Titanic. Every time it docks at Florida’s Port Canaveral, weather conditions, vessel traffic and water depth make this process complicated.
Companies that make parts for internal combustion engines are facing a harsh future. Revenues for ICE cars, and fuel and exhaust systems are all expected to decline 44% through 2027.
Tech companies shed more than 386,000 jobs last year and in the first half of this year. And that number is climbing. But while layoffs have taxed workers, a booming artificial intelligence market is giving the industry a renewed sense of optimism.
For decades, the United States has been a leader in satellite navigation technology. The U.S. Global Positioning System, or GPS as most of us know it, was originally designed as a military tool, but has also become indispensable in the lives of civilians.
The U.S. economy still has a massive labor shortage. The American Health Association reports 600,000 nurses plan to leave the field by 2027. Even the construction industry will need another 540,000 workers on top of the normal pace of hiring.
The Federal Reserve is central to the U.S. economy today, and it’s controlled by just 12 people. Its monetary policies can lower inflation or even spark a recession.
Since the Environmental Protection Agency was founded in 1970, one of its primary tasks has been testing gas burning vehicles - both to see how much they pollute and to tell consumers how many miles per gallon they are liable to get in a car.
CNBC Marathon explores how the cellphone market is transforming. Made in China. It’s a common phrase known by many. Cellphones, TV screens & game consoles are just some of the millions of electronics manufactured and imported from China to the U.S. daily.
Employees are actually working fewer hours as hiring booms, which could be a sign of incoming layoffs and a possible recession. The current average number of hours worked a week by private-sector employees in jobs like construction, retail and more.
To keep up with Elon Musk’s Starlink and the U.S., China plans to launch thousands of broadband satellites into low-Earth orbit. Of the roughly 8,000 functioning satellites in orbit, about 55% belong to SpaceX’s Starlink.
Some U.S. mayors are loosening up rules that determine how developers convert office buildings into apartment complexes. The conversion trend sped up in the 2020s, as the pandemic remote work boom reshaped cities.
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
What matters to Today’s Consumer: 2024 consumer behavior tracker for the consumer and retail industries
This report is the third in our annual research series that examines evolving consumer behaviors. This year, we find that many of the behaviors we noted in our 2023 report have persisted, with consumers continuing to express concern about their personal financial situations amid rising inflation. However, this concern has dropped significantly in the past twelve months as just 43% of consumers worry their personal finances will worsen over the next 6–9 months, compared with 80% who were concerned that they would worsen in the equivalent period last year. - From Cap Gemini Read more
52% of consumers are extremely concerned about their personal finances compared to 61% last year. 43% of consumers fear their personal finances will worsen in the next 6-9 months, far below the 80% last year. One in five consumers has already used generative AI in shopping. - From Cap Gemini
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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