Indonesia's first 7-Eleven opened in 2009 and became a popular hangout spot for consumers. At their peak in the Southeast Asian country, they numbered 190 stores, offering free Wi-Fi and a seating area for guests while selling fresh local meals and traditional 7-Eleven snacks like the Slurpee. Despite the chain's popularity, the franchisee, PT Modern Internasional, shuttered all remaining 161 stores there in 2017.
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7-Eleven Was Popular In Indonesia — But That Didn't Save It From Total Failure
Views: 846698
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Netflix has 137 million subscribers and a majority of them are international. But the streaming giant is still struggling to break into India, the world's second-largest internet market. CNBC's Alex Sherman explains why.
Netflix is currently valued much higher than other media companies. Despite a share pullback in recent months from more than $400 to about $285, Netflix has a trailing price-to-earnings ratio of more than 100 and an enterprise value-to-EBITDA ratio of about 70. For comparison, Disney has a P/E ratio of about 14 and an EV-to-EBITDA ratio of about 11. Viacom's valuation ratios are both around 7.
This gaudy valuation is largely predicated on its international growth forecast. Breaking into India is critical for the company to double or triple its subscribers over the next 10 to 15 years, as many analysts have estimated. But Netflix hasn't had an easy time spreading through India since it launched there in 2016. Faced with competition from local players and Amazon Prime Video, Netflix is facing an uncertain future in a country with more than 1.3 billion people.
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Why Netflix Is Struggling In India
Views: 808232
CNBC
The National Football League has been a staple in American sports for nearly a century. Today, it is one of the most profitable sports for team owners with most NFL teams valued at over $2 billion.
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(FULL VIDEO TITLE) | CNBC
Views: 759020
CNBC
Five-time NBA champion Kobe Bryant and his co-founder Jeff Stibel, former CEO of Web.com, discuss their new venture capital fund, Bryant Stibel.
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Kobe Bryant's Investment Advice To Retired NBA Players | CNBC
Views: 691152
CNBC
Amazon reported a record net income of $10.1 billion in 2018, which was a considerable jump from $3 billion in 2017. CNBC breaks down where exactly the money came from and how Amazon Web Services, advertising and the third-party marketplace are driving Amazon's increased profitability.
For more on Amazon check out the following videos:
As Amazon Air Expands, FedEx And UPS May Suffer
https://www.youtube.com/watch?v=Efs3PyR8iBw
Jeff Bezos In 1999 On Amazon's Plans Before The Dotcom Crash
https://www.youtube.com/watch?v=GltlJO56S1g
Is Amazon HQ2 A Bad Gamble For Cities?
https://www.youtube.com/watch?v=s5ouSWNQrkA
Inside Amazon's New 4-Star Store
https://www.youtube.com/watch?v=_lqjxVO4u5M
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How Amazon Makes Money
Views: 521260
CNBC
A start-up called North, formally Thalmic Labs, is introducing a pair of smart glasses that it thinks will appeal to the masses because the design looks so similar to normal glasses. They're called Focals, and they cost around $1,000.
Focals connect to your phone via Bluetooth and have a small projector that beams data into the wearer's eyes. They can tell the wearer the weather or time, read text messages and even order an Uber. The glasses are also connected to Alexa, so if you can ask them for directions or information, a small speaker will tell you the answers.
North has raised over $140 million from investors including the Amazon Alexa Fund, Spark Capital, Intel Capital and Y Combinator.
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Prescription Smart Glasses For The Masses: First Look | CNBC
Views: 1738182
CNBC
Starbucks can be found all over the world, from Shanghai to Guantanamo Bay. But there is one continent that was uninterested in the coffee giant. Australians largely rejected Starbucks' attempted takeover, which led to an embarrassing retreat for the brand.
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Why Starbucks Failed In Australia | CNBC
Views: 4461296
CNBC
Berkshire Hathaway CEO Warren Buffett speaks to CNBC's Becky Quick about this year's shareholder meeting and his best long-term investing tip.
For more of Warren Buffett's wit and wisdom visit https://Buffett.CNBC.com
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Warren Buffett: Buying And Holding Index Funds Has Worked | CNBC
Views: 149077
CNBC
CNBC traveled to Harrodsburg, Kentucky to get a rare look inside Corning’s oldest glass factory where it makes Gorilla Glass for iPhones and a variety of other devices. The factory runs 24/7 and human hands never touch the glass — only air and robots. Take a look inside to see how it's made.
In the middle of bluegrass and bourbon country in Harrodsburg, Kentucky, is Corning's oldest glass factory. It was built in the 1950s to create lenses for glasses and then in the 1980s it transitioned into making LCD glass panels.
But about six months before the first iPhone was released in 2007, Steve Jobs made a call to the CEO of Corning and asked the company to create glass that could withstand scratches and breakage for a new Apple product. Before that, phones were typically covered in plastic. Corning quickly developed Gorilla Glass, and this factory went through a complete transformation.
The same company that developed the glass for the Edison bulb in 1879, is now making the glass that covers 6 billion smartphones, tablets, screens and wearables worldwide for Apple, Samsung, LG, Sony and Huawei and a variety of other manufacturers.
Watch the video to get a rare look inside the factory to see how Gorilla Glass is made.
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Inside Corning's Gorilla Glass Factory
Views: 1004660
CNBC
The fast food industry thrives in most of the world. Chains like McDonald's and Burger King typically come out on top in the $651 billion fast food industry. In Vietnam, however, the brands have failed to take off. McDonald's and Burger King have more than 36,000 and 16,000 locations across the globe, respectively. But in Vietnam, McDonald's has 17 stores and Burger King has 13.
In Vietnam, a country spoiled for choice when it comes to food, some U.S. fast food chains are struggling to compete with the local competition.
Check out the video above to see why McDonald's and Burger King are flopping in Vietnam.
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Why McDonald’s And Burger King Flopped In Vietnam | CNBC
Views: 1804012
CNBC
America's economic expansion is approaching a big milestone. If the U.S. economy keeps humming until July 2019 it would be the longest period of growth on record. The expansion would be exactly one decade and one month old by then. But there's another country with an even more impressive run. Australia hasn't had a recession in 27 years.
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Why Australia Hasn't Had A Recession In Decades
Views: 429845
CNBC
The government shutdown is official the longest on record, and as a result, novel legal challenges are being filed against the practice of forcing federal employees to work without a regular paycheck. If any of them succeed, it could change the way the next government shutdown plays out.
American consumers could lose faith in the economy if federal workers don't go back to work soon, Moody's Analytics chief economist Mark Zandi warned Friday.
"If this drags on into February, March, then growth rates are going to fall to a place where unemployment will start to rise," Zandi said in a CNBC interview. "That's fodder for recession."
Shortly after Zandi's appearance on "Squawk Box," the University of Michigan said its preliminary reading on consumer sentiment for January showed a drop to its weakest level since Donald Trump won the presidency in 2016.
Zandi said the economy was looking "wobbly" heading into the new year even before the start of the partial government shutdown, the longest on record, which on Friday entered Day 28.
"If you go back a year ago, GDP growth was closer to 4 percent. That was all juiced up by the deficit-financed tax cuts," he said. "Now we're down to about 2 [percent.] And if the shutdown drags on we'll probably go below 2 [percent.] And that's a key threshold."
The economic drag from a shutdown lasting until the end of the first quarter could be as much as 0.5 percent, Zandi estimated, though he hopes President Donald Trump and Democrats can resolve their funding differences and send the 800,000 federal employees back to work.
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The Government Shutdown Faces Lawsuits Over 'Involuntary Servitude'
Views: 380015
CNBC
Robinhood, an investing app valued at over $5 billion, says it's trying to "democratize America's financial system" by making investing accessible to the little guy with free trades.
It's an eye-popping valuation for a financial company with opaque metrics and plenty of competition. The young company had its share of missteps as well, prompting questions of whether or not it can handle primetime.
Robinhood has faced criticism for business practices that allow it to offer free trading. It also botched the rollout of a checking and savings account feature in late 2018, garnering concern from regulators.
But the company's incredible growth and popularity with younger investors – more than 6 million users by the end of 2018 – means it could be a major player in banking moving forward.
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How Does Robinhood Make Money?
Views: 628984
CNBC
When Victoria's Secret entered the market in the 1980s, it revolutionized the retail of women's undergarments. Previously, women viewed their bras on a binary — strictly functional for day-to-day or fancy for special occasions. Victoria's Secret combined the structure and function of day-to-day bras with the fun prints and feel of fancier bras. But 30 years later, the brand is falling behind the times as consumer priorities shift and younger brands like Aerie and Rihanna's Savage x Fenty adapt.
The lingerie brand, owned by L Brands, has reported negative same-store sales for the past three years now, as women steer clear of its bedazzled bras and underwear for comfortable pieces in cooler colors. That's as a new cohort of start-ups like Adore Me, Third Love, Lively, Cuup and Knix are resonating with younger consumers as they surge in popularity on social media channels like Instagram.
Wall Street analysts and investors alike are unsure if L Brands will be successful in reinventing Victoria's Secret's increasingly obsolete bras business. Even a recent slew of heavy promotions doesn't appear to be moving products off of shelves, according to UBS analyst Jay Sole, who's been tracking promotional activity in stores and online.
"The pivotal question on the stock is can L Brands rehabilitate the Victoria's Secret brand image," Sole said in a note to clients earlier this week, ahead of L Brand's monthly sales report. He said he noticed Victoria's Secret's January promotions "increased significantly" from a year ago. And that typically means a company didn't sell enough during the holiday season, thus needed to drop prices to try to lure shoppers in.
Despite its struggles, though, Victoria's Secret is still a behemoth in its industry today.
It's been estimated L Brands would account for roughly 63 percent of sales in the lingerie industry in the U.S. in 2018, according to a study put out by IBISWorld last October. The group defines the industry to include retailers that predominantly sell intimate apparel, including bras, panties and other lingerie items, for women. No other companies were on track to account for more than 5 percent of revenues, while American Eagle's Aerie brand had 3.5 percent and Chico's Soma brand had 3 percent, IBISWorld said at the time the report was released.» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
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How Victoria’s Secret Disrupted Lingerie - Then Fell Behind
Views: 1398802
CNBC
Amazon aims to compete with FedEx and UPS in the logistics and shipping industry. That's what analysts told CNBC after Amazon Air recently expanded to 50 planes and announced it will open a $1.5 billion air hub in Northern Kentucky in 2021. Amazon is handling up to 26% of its own shipping, meaning FedEx, UPS and the U.S. Postal Service are losing a portion of Amazon's business. FedEx says it's not worried, but Morgan Stanley reports the major shippers have already lost 2% revenue to Amazon Air.
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As Amazon Air Expands, FedEx And UPS May Suffer
Views: 1030783
CNBC
There is a revolution in the Type 1 diabetes community and thousands of people are now hacking their insulin pumps for better blood sugar management. CNBC's Erin Black, who was diagnosed with Type 1 diabetes 20 years ago, decided to try out the hacked system. Here's what happened.
Type 1 diabetes is a disease that affects more than 1.2 million Americans. I'm one of them.
It's a disease that impairs the body's ability to produce the hormone insulin, which normally comes from the pancreas. So insulin has to be injected.
Managing blood sugars can be very difficult, and patients use a pump to help mimic the activity of the pancreas. However, pumps don't automatically adjust insulin levels for diabetics. And the manual process is tedious and can be dangerous.
But a few years ago, people figured out how to hack their insulin pumps to make them automatically adjust insulin levels more precisely.
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Hacking Diabetes With This DIY Artificial Pancreas
Views: 1375275
CNBC
Jack Stratton, Vulfpeck bandleader, discusses how the funk band circumvented Spotify’s royalty system back in 2014 with a silent album.
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How Funk Band Vulfpeck Took On Spotify | CNBC
Views: 76439
CNBC
Mad Money's Jim Cramer breaks down the differences between traditional retirement methods and a Roth 401(k) or IRA.
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Jim Cramer: Roth or Traditional Account? | Archives | CNBC
Views: 163834
CNBC
In October 2018, Kmart's parent company, Sears Holdings, filed for bankruptcy. Kmart first filed for bankruptcy in 2002, making this its second time in just 16 years. However, the struggling company used to be the biggest discount retailer of homegoods in the U.S. — even bigger than Target and Walmart.
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How Kmart Went From Beating Walmart And Target To Bankruptcy
Views: 782214
CNBC
I never know what markets are going to do, says Warren Buffett, Berkshire Hathaway CEO sharing his observations. But I know what markets are going to do over a long period of time - they're going to go up. We've always been a net buyer of stocks, says Buffett.
For more of Warren Buffett's wit and wisdom visit https://Buffett.CNBC.com
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Warren Buffett: When Stocks Go Down, It's Good News | CNBC
Views: 188792
CNBC
Comedian Scott Aukerman, talks about the changing landscape of comedy and how comedians brand themselves, grow audiences, and cultivate jokes in the digital age.
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Comedian Scott Aukerman: I'm On A Sold Out Tour Yet Nobody Has Heard Of Me | Squawk Box | CNBC
Views: 53968
CNBC
Warren Buffett, Berkshire Hathaway CEO, discusses what he is telling people about market volatility and shares his thoughts on the impact of negative interest rates.
For more of Warren Buffett's wit and wisdom visit https://Buffett.CNBC.com
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Negative Rates 'Distort' Everything: Warren Buffett | CNBC
Views: 43743
CNBC
The battery industry is rapidly changing, in part because of growth in mobile devices and electric cars. The lithium-ion battery industry alone is expected to grow to $93 billion by 2025. But the energy sector could be disrupted by battery innovation as well. Here's everything you need to know about the big business of batteries and how battery innovation is changing our world.
**CORRECTION** @5:04 in the story, the lower third reads Gaston Plante. The correct name is John Goodenough, who is the co-inventory of the lithium-ion battery.
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Why Tesla (And Everyone Else In Tech) Is Obsessed With Batteries
Views: 232518
CNBC
Elon Musk may be transforming everything from power to space travel, but Elon isn’t the only entrepreneur in his family tree. Here’s a look at the rest of Elon’s family» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
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Elon Musk’s Family Tree Explained | CNBC
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The NFL is testing out the first helmet to be made with 3D printing. Each Riddell helmet is custom-made for a player based on a scan of his head. Former players like Peyton Manning are excited about the comfortable custom fit and potential to make football safer.
NFL players on almost every team are testing out a new type of helmet made with 3D printing. Each Riddell helmet is custom-made for a player based on a scan of his head. Silicon Valley-based Carbon prints seven resin pads for inside the helmet, each with a unique lattice pattern that bends and flexes to the exact shape of the player's head.
Former 49er Brent Jones is an investor, and former Bronco Peyton Manning has tested it and is excited about it, according to Carbon CEO Joseph DeSimone.
This spring, the NFL will release results to show if the new custom helmets are safer than other models. The Riddell SpeedFlex Precision Diamond helmet will be available for purchase at the professional and collegiate level later this year.
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Why NFL Players Are Wearing Custom 3D-Printed Helmets
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Elon Musk unveiled his vision of a high-speed tunnel system in Hawthorne, CA on Tuesday night by opening the first Boring Company test tunnel. Musk, who founded the Boring Company two years ago after complaining that traffic in Los Angeles was driving him “nuts” says the demonstration tunnel cost approximately $10 million to compete. CNBC's Phil LeBeau gets a ride inside.
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Elon Musk's Boring Company Opened Its First Tunnel — Watch What It's Like To Ride Inside
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Vanguard founder Jack Bogle was famous for making investing accessible to the everyday person through index funds – funds that match a market barometer like the S&P 500. His message was simple: why waste money on expensive fees and commissions for complex funds when market barometers often outperform them? That message remained remarkably consistent throughout his career.
Jack Bogle needed hefty amounts of brainpower and market know-how to put together the first index fund. But for investors wanting to cash in on his idea, it's become pretty easy.
In 1975, the founder of Vanguard Group, who died Wednesday, was able to turn a long-held belief into reality, namely that it was far more profitable to follow the market than fight it. Most mutual fund managers who picked stocks couldn't keep up with basic benchmarks like the S&P 500, much less beat them, he found.
So he turned his thoughts into action, putting together the first fund that simply followed the S&P 500, minus a small management cost that was much cheaper than the active funds of the day.
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Vanguard Founder Jack Bogle's 90s Interview Shows His Investing Philosophy
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CNBC Contributor Suzy Welch sits down with New England Patriots Coach Bill Belichick in an exclusive interview.
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Bill Belichick On Leadership, Winning, Tom Brady Not A 'Great Natural Athlete’ (Exclusive) | CNBC
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CNBC's Sara Eisen speaks to Michael Dubin, Dollar Shave Club CEO, about the shave club's ad strategy and outlook for the men's shave market.
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Dollar Shave Club's Razor Strategy: CEO | CNBC
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In its 47-year history, Starbucks has transformed from a single coffee bean store in Seattle to a 30,000 cafe international coffee power house. But massive expansion hasn't come without growing pains.
It's no secret that Starbucks has been struggling to get U.S. customers to frequent its cafes more often. While sales have been positive, the number of customer visits continues to stagnate.
Same-store sales, a key metric in the restaurant industry, have dwindled over the last 12 months as competition heated up and customers were uninspired by some of Starbucks' limited-time offerings. While comparable-store sales exceeded expectations in the fourth quarter that ended Sept. 30, rising 4 percent, much of that was due Starbucks charging more for its lattes.
Under the careful watch of Howard Schultz, Starbucks pursued a strategy of aggressive expansion in the late '80s and early '90s. By the time the company went public in 1992, it had 165 stores.
Four years later, Starbucks opened its 1,000th location, including international cafes in Japan and Singapore. Growth was so rapid that, just two years later, Starbucks opened its 2,000th cafe.
While unit expansion helped boost sales throughout the last two decades — Starbucks has had positive same-store sales growth since 2010 — the company has now spread itself too thin.
With more than 14,000 locations in the United States alone today, Starbucks has cannibalized its own sales. The company is regrouping and rethinking its expansion. It is expected to shutter 150 underperforming locations in 2019, three times the amount it typically does.
Compounding its problems are changing consumer preferences, an issue CEO Kevin Johnson has addressed with investors. People are shying away from sugar-laden calorie bombs, which happen to be one of Starbucks' staples. In 2015, sales of Frappuccinos were 14 percent of Starbucks revenue. However, in the first half of 2018, Frappucino sales were down 3 percent — and accounted for only about 11 percent of the company's revenue.
Making matters worse, Frappuccino sales also were hurt by a lack of innovation, analysts said.
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How Starbucks Became A $80B Business
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Nuseir Yassin, 25, left an engineering job at Venmo to chase his dream of making daily one-minute videos and posting them on Facebook. He's found success, gaining over 700K followers and 110M views on his videos.
Read The Story Here: http://cnb.cx/2nUQnY6
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25-Year-Old Quit His $120K Job At Venmo To Travel The World | My Success Story | CNBC
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Cristiano Ronaldo is one of the richest athletes in the world. The 33-year-old Real Madrid soccer star has an estimated net worth of $450 million. As of June 5, the Portugal-born soccer star has already made an estimated $108 million for the year.
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Cristiano Ronaldo Is Worth $450 million - Here's How | CNBC
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Financial analyst Gary Shilling breaks down the biggest risks to the U.S. economy, including contagion from emerging markets debt, the Federal Reserve raising rates and potential shocks that could cause stocks to sink.
Gary Shilling has made a career out of predicting bubbles. So what are the big risks he sees out in the global economy now?
It's not necessarily a major shock that could drive the U.S. into a recession immediately, he says; he's concerned about emerging market debt.
He also explains that when the Federal Reserve raises interest rates, historically, it usually damages the economy. It's one of the reasons he's short stocks right now.
He's also short bitcoin, which he calls "some sort of a big Ponzi scheme.
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Why The Fed Could Cause The Next Recession: Gary Shilling
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Warren Buffett, Berkshire Hathaway CEO, weighs in on autonomous automobiles and it's impact on insurance premiums and car dealerships. And Buffett wonders if Donald Trump is happy in his job if he's out campaigning for another. Try to find you passion, advises Buffett. Also Buffett and Bill Gates share the same trait - focus.
For more of Warren Buffett's wit and wisdom visit https://Buffett.CNBC.com
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Don't Sleepwalk Through Life: Warren Buffett | CNBC
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In just two decades, JetBlue Airways became a major mainstream player in the U.S. airline industry. But in 2018, its shares plummeted. To keep up in the big leagues, JetBlue is aggressively trying to raise revenue and keep a lid on costs.
JetBlue Airways is looking more like its bigger competitors these days.
Plans for the New York-based airline were unveiled in February 1999. JetBlue took its first flight in the winter of 2000, vowing to "bring humanity back to air travel." Now entering its third decade, it is adopting measures used by some more established airlines to drum up revenue and please skeptical investors as its stock price struggles. Increasing baggage fees? Check. Plans for a no-frills coach service? Check. Chasing those lucrative business travelers? Check. Slimming down corporate-office ranks? Check.
JetBlue's challenge is holding onto its quirky culture and succeeding at airlines' tough balancing act: keeping investors and passengers happy.
"We're exiting that awkward teenage stage and becoming adults," said Joanna Geraghty, JetBlue's president and COO.
Despite updates like new planes and cabins, JetBlue wants to hold onto its customer-focused approach that won it a loyal following.
"Customers expect good service, and when they don't get it, they're vocal about it," said Geraghty.
Armed with a fleet of brand-new Airbus jets, each outfitted with leather seats and individual screens offering satellite television, JetBlue was the brainchild of serial airline entrepreneur David Neeleman. He'splanning to launch a new U.S. airline.
JetBlue took its first flight on Feb. 11, 2000, from New York's John F. Kennedy International. The carrier's bet on JFK was a gamble on whether travelers would trek out to an airport more known for international service than for short- and medium-haul flights.
"The joke was you could bowl down the runway," said Mark Ahasic, who joined JetBlue a month after its first flight and stayed on for more than six years helping to plan flights and run operations.
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How JetBlue Is Challenging American, United and Delta
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Airbus and Boeing dominate an already under competitive airline manufacturing industry. The duopoly owns the sky by making up 99% of global large aircraft orders and those large plane orders make up more than 90% of the total plane market according to the Teal Group, an aerospace market analysis company (regional jet manufacturers only account for 7% of the airplane market by value).
The duopoly doesn’t have many competitors, but overseas competition is brewing. China’s state-run company, COMAC, is poised to make waves in the aviation manufacturing industry, but some say not for a couple decades.
This is how Airbus and Boeing took over airplane manufacturing.
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Why Airbus And Boeing Dominate The Sky
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I look at individual stocks, it has nothing to do with the Federal Reserve or the election, says Warren Buffett CEO & chairman of Berkshire Hathaway, sharing his investment strategy. We've bought a lot more Apple since year end, says Buffett.
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Warren Buffett: Bought A Big Chunk Of Apple | Squawk Box | CNBC
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CNBC
Despite the seeming ubiquitousness of McDonald's golden arches and the Starbucks mermaid, the sandwich chain Subway actually has the most locations of any restaurant worldwide, about 43,000 in 2017. This number, however, belies the economic reality: while McDonald's and Starbucks continue to grow their profits, Subway's have been slipping since 2014. Industry analysts point to a few reasons for this, including a lack of innovation and fraught relationships with franchise owners.
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Subway - Not Starbucks Or McDonald's - Has The Most Locations | CNBC
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This may be one of the most interesting companies that I have ever invested in, says Ron Baron, Baron Capital chairman & CEO, talking about why he took a big position in Tesla despite its risk.
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Ron Baron's $300M Bet On Tesla | Squawk Box | CNBC
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Qualcomm has been around since 1985 and pioneered vital components of the wireless technologies you use today. Currently entangled in lawsuits with both the FTC and Apple, it’s often in the news, but how much do you know about what it actually does?
Right now, Qualcomm is focused on things like 5G and artificial intelligence chips, but it has a has a massive amount of patents — over 130,000 if you include patent applications — and licensing them accounts for more than half of its operating income.
But alongside Qualcomm's history of innovation is a complex legal history and it's currently entangled in lawsuits with both the FTC and Apple.
Watch the video to see why Qualcomm's entire business model is being challenged.
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Why Apple And The FTC Are At War With Qualcomm
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CNBC
Walmart made headlines in July 2018 when Nikkei Asian Review reported that the company was looking to sell its Japanese subsidiary, Seiyu. Walmart told CNBC it will continue doing business in Japan, but company filings show that it has closed more than 100 Seiyu stores in recent years.
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Why Walmart Is Failing In Japan | CNBC
Views: 543261
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Toys R Us is closing its doors for good. The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.
Much has been said about the demise of the toy empire, which announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.
Ultimately, though, Toys R Us' collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.
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The Rise And Fall Of Toys R Us | CNBC
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China held the lead for the last 5 years, but the United States now has the world's fastest supercomputer. The machine, called Summit, was built for Oak Ridge National Laboratory in partnership with IBM and NVidia, and is designed for AI applications.
Today's supercomputers are made up of thousands of connected processors, and their speed has grown exponentially over the past few decades. The first supercomputer, released in 1964, was called the CDC 6600. It used a single processor to achieve 3 million calculations per second. While that may sound impressive, it is tens of thousands of times slower than an iPhone.
The Lab Director of Oak Ridge, Thomas Zacharia, says, "I've always thought of supercomputing as a time machine, in the sense that it allows you to do things that most other people will be able to do in the future." As he explains, smartphones today are more powerful than the supercomputers used in the 1990s to work on the Human Genome Project.
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What Is A Supercomputer? | CNBC
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CNBC
What does the future of the financial services industry look like? Jim Cramer spoke with a private player that is working to inspire a new generation of investors.
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"Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind -- to try to help you make money.
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Robinhood Co-Founders: Inspiring Investors | Mad Money | CNBC
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Samsung just announced its family of Galaxy S10 phoness, including the Galaxy S10e, Galaxy S10, Galaxy S10+ and Galaxy S10 5G. Here's a first look.
They're expensive phones to launch in a landscape where consumers have shown they're less willing to part with $1,000 for a new phone, helping companies like Huawei and Xiaomi gain market share, especially in China. It's one reason that Samsung, like Apple, is launching a cheaper $749 phone this year. Earlier this year, Apple warned that economic headwinds in China sent iPhone sales down. On top of that, the company said people aren't upgrading their phones as often as they used to.
The challenge today for premium smartphone makers like Samsung and Apple is to make devices that are compelling enough to buy, even if they cost $1,000 or more.
The new Galaxy S10 phones are solid devices, but there aren't any "must have" components here that will force customers to ditch devices like last year's Galaxy S9 or maybe even the Galaxy S8 that was launched in 2017. And I don't think there's enough of a differentiating factor in these devices to pull anyone away from Apple's iPhone family. They're still Samsung Android phones.
For more tech check out the following:
Inside Corning's Gorilla Glass Factory
https://www.youtube.com/watch?v=gZPeyErbqz4
Why Is Google Struggling In Russia? Yandex
https://www.youtube.com/watch?v=DHg5j9cTb2k
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Samsung's New Galaxy S10 Phones: First Look
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CNBC
Major companies are rushing to get their hands on the once little-known element cobalt.
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Here’s Why Companies Are Scrambling For Cobalt | CNBC
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Berkshire Hathaway's Warren Buffett discusses Jeff Bezos' extraordinary success with Amazon.
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Warren Buffett: Amazon's Jeff Bezos 'Changed The World' In A Big Way | CNBC
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Before Saturday night's UFC 196, fighters Conor McGregor and Nate Diaz spar with Jane Wells over money and business, and it gets awkward.
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UFC’s McGregor And Diaz Talk Trash And Money | CNBC
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LG announced a TV that rolls itself up when you don't want to watch it. The 64-inch 4K OLED TV hides in a base that doubles as a speaker. It was announced at CES 2019 and will launch in the second half of this year
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LG's New TV Rolls Itself Up When You're Not Watching
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Powerful magnets are necessary for an iPhone to vibrate or a Tesla Model 3's motor to spin. If you combine neodymium with iron and boron, you can make a neodymium-iron-boron magnet, which is the most powerful type of permanent magnet ever created. And demand for these magnets is on the rise. But 80 percent of the world's neodymium comes from China.
You may not have heard of neodymium, but you're probably carrying some of it around with you right now. It's in your cellphone, your headphones and you might be driving several pounds of it around in your car.
Neodymium — pronounced "nee-oh-DIM-ee-um" — is one of 17 chemically similar elements called rare earth elements, and demand for this metal is on the rise.
"Neodymium is responsible for most, if not all, of the growth in rare earth demand at the moment," said Roderick Eggert, deputy director of the Critical Materials Institute at Colorado School of Mines.
For an iPhone to vibrate, for AirPods to play music, for wind turbines to generate power and for a Toyota Prius or Tesla Model 3's motor to spin, they need powerful magnets. If you combine neodymium with iron and boron, you can make a neodymium-iron-boron magnet, which is the most powerful type of permanent magnet ever created.
In the case of your cellphone and earbuds, using neodymium magnets means they can be physically tiny but still strong. For motors, using permanent magnets means powerful, efficient motors with fewer electromagnetic components.
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Neodymium Magnets Are In Demand And China Controls The World's Supply | CNBC
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