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Driverless cars are speeding onto America’s streets, but whether the public will trust robotaxis remains an open question. Nearly two-thirds of Americans said they would not want to ride in a driverless passenger vehicle if they had the opportunity.
Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4% during the same period. In June 2024, two-thirds of middle-income households reported that their income was falling behind the cost of living
For a decade, Elon Musk has championed the idea that one day Tesla cars will drive themselves as robotaxis. On October 10, the company plans to reveal a “dedicated robotaxi” design at an invitation-only event in Los Angeles
Automakers aren’t selling as many cars as they used to, and the EV transition is a lot rockier and slower than some expected. This means there’s a lot of factory space in North America and around the world that is sitting empty and unused.
Critics say the European Union’s provisional tariffs on Chinese EVs could raise prices, reduce choice and slow the pace with which the EU meets its climate change mitigation targets. Some European automakers, especially those from Germany, oppose them.
The Federal Reserve manages interest rates to influence financial conditions within the United States. But those decisions can also affect the posture of other central banks because many aspects of international finance rely on U.S. dollars.
For decades, Amazon has set the standard for fast package delivery. When Prime launched in 2005, two-day shipping was virtually unheard of. By March 2024, 60% of Prime items were delivered same or next day.
“Pig butchering” scams got its name from the idea that scammers “fatten up” victims by building trust, and the strategy has amassed billions in stolen funds—particularly in the form of cryptocurrencies.
North Carolina’s Research Triangle - the area between Chapel Hill, Raleigh and Durham - has become one of the country's fastest growing tech hubs largely thanks to its access to talent from some of the top universities in the country
After a staggeringly successful IPO, Rivian shares and market value have plummeted. With interest rates high and funding drying up, some analysts say the electric SUV and truck maker is potentially just a couple of programs away from bankruptcy.
Once a right of passage for most American families, theme parks like Disney World and Disneyland are quickly becoming out of reach for many middle class American families.
Buffering, error messages, dropped connections. In-flight Wi-Fi stinks. But that’s about to change thanks to new low-earth orbit satellite technology.
Ghost jobs are on the rise, even as the U.S. labor market appears healthy. While data suggests a tight job market, many workers still struggle to find employment, revealing a gap between statistics and reality.
Microsoft, Google and Amazon, along with other tech companies, have been getting creative in how they’re poaching talent from top artificial intelligence startups.
Mexico has quickly become a major market for Chinese auto makers. Last year, China was the leading car supplier to Mexico, exporting $4.6 billion worth of vehicles.
Google’s Gemini Live AI voice assistant on Android and Pixel 9 phones sounds almost human. Apple Siri and OpenAI’s ChatGPT have similar advanced voice capabilities on the way but if you have an Android phone, you can get the Gemini app now.
The company behind the popular artificial intelligence chatbot, ChatGPT, OpenAI was founded as a nonprofit in 2015 by a number of researchers, academics and entrepreneurs including Sam Altman, Greg Brochman and Elon Musk.
The U.S. has developed a huge appetite for avocados, with per-capita consumption more than tripling since 2001. Neighbor Mexico has fueled a lot of the demand, with 80% of its avocado exports bound for the U.S., which in 2024 are set to total $2.7 billion
Starbucks reported a global same-store sales decline of 3% and missed revenue expectations by $130 million in its fiscal third-quarter earnings on July 30, 2024
Citrus growers are losing millions of dollars every year as U.S. orange production plummets amid extreme weather events, incurable citrus greening disease and inflationary pressure. In 2024, orange juice futures hit record highs and prices may go higher.
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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
Visualizing the Cost of Hosting the Olympics
The Paris Olympics are estimated to cost over $9 billion to host, making them one of the less expensive Summer Olympic Games in recent memory. The International Olympic Committee requires cities to have at least 40,000 hotel rooms for spectators and an Olympic Village that can house 15,000 athletes and officials. - From Visual Capitalist
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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