Connect with us

Tech

Ivanka Trump on Work Life Balance | CNBC

Published

on



Ivanka Trump, The Trump Organization, discusses how modern women are finding balance between work life and family life.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

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
Find CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

Ivanka Trump: The Wisdom of Work | CNBC

source

Tech

How Visa Became The Most Popular Card In The U.S.

Published

on

By



$6.7 trillion. That is how much Americans spent using their debit or credit cards in 2019. More than 60% of those purchases were made using cards from Visa, a company that has long dominated the payment card industry. As payment cards become more essential in our daily lives, Visa has quickly grown to become one of the most valuable companies in America. So how exactly does Visa make money and why does it dominate the payment card industry? Watch the video to find out.

Clarification: The 10% mentioned in the video at 11:45 refers to 10% of the average 2.2% of the swipe fee charged to merchants.

Americans are increasingly using plastic to spend their money, enabling Visa to grow its dominance in the credit and debit card space.

People in the U.S. spent $6.7 trillion through credit and debit cards in 2019, up 88% from 2009, according to a 2020 report by HSN Consultants. Of those transactions, more than 60% were made with Visa cards.

This has helped Visa grow into one of the world’s most valuable companies. As of Oct. 19, Visa has a market valuation of more than $491 billion. Its shares are also up more than 170% over the past five years.

However, some retailers argue that Visa’s success has come at the expense of merchants who rely on them to process payments. Some have even said the fees imposed by Visa are too high for businesses to survive.

“I know a lot of business owners and it saddens me because so many people have come to accept it as it is what it is,” Hub Convenience Stores CEO Jared Scheeler said. “These prices are so ridiculous. The amount we pay in swipe fees is so high that we have to do something about it, somebody has to do something about it.”

Swipe fees collected by Visa and Mastercard ballooned to $67.6 billion in 2019 from $25.6 billion in 2009, according to data from the National Retail Federation. The overall processing fees paid by U.S. merchants to accept all card payments jumped to $116.4 billion in 2019, up 88% since 2009.

“This is a central part of the problem with their dominance,” Merchants Payments Coalition executive committee member Doug Kantor said. “The exact way they were set up was to be this dominant price-setting entity and the fact that it’s gone on this long is a problem for everybody else in the economy.”

Visa declined to comment on this story.

To be sure, those in support of Visa argue the company is on the merchants’ side.

“Visa on some level is a victim of their own success in the sense that they’re so ubiquitous and so secure and so easy to use that people begin to take it for granted,” MoffettNathanson analyst Lisa Ellis said. “Visa’s business structure is very balanced and if anything is actually skewed, believe it or not, towards the merchants. They actually get the majority of their revenue from the banks and the ecosystem that’s supporting the merchants.”

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

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: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

How Visa Became The Most Popular Card In The U.S.

source

Continue Reading

Tech

Why BMW And Mercedes Made Cheap Cars That Failed

Published

on

By



Luxury cars are typically meant to symbolize prestige, wealth, and even excess, but sometimes they can come pretty cheap. Every so often premium automakers like BMW and Mercedes push out cars with starting prices well below the market average. However, in their quest for even greater volumes, some premium automakers are trying to see if they can net a few more buyers down at the lower end of the price range, and sometimes it doesn’t work out.

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

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: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

Why BMW And Mercedes Made Cheap Cars That Failed

source

Continue Reading

Tech

Why Rich Rebuilds Is Opening A Tesla Repair Shop

Published

on

By



Rich Benoit runs the popular YouTube channel, Rich Rebuilds, where he takes broken-down Teslas and brings them back to life. Now he and his business partner, a former parts manager at Tesla, are opening up a repair shop to help stem some of the demand for Tesla service. Tesla customers have often complained about having to wait weeks to get their cars serviced.

Benoit has been enchanted with Tesla since it introduced the Model S. He turned his curiosity into YouTube fame in 2016, cranking out videos about the cars, including how to buy, fix and mine wrecked Teslas for spare parts.

Today, his YouTube channel “Rich Rebuilds” is approaching half-a-million subscribers. The most popular episode—”Can you drown a Tesla motor?” — has garnered 2.3 million views and counting in less than a year.

His followers frequently send payments to support his video blogging habit, and random items for his cars, home and garage. Someone sent him a life-sized poster of Elon Musk. Someone had pizza delivered to his house, which Benoit liked. On the weirder side of viral video stardom, a fan sent Benoit a puppy preserved in formaldehyde in a jar.

Eventually, he partnered with a former Tesla parts manager, Chris Salvo, who is also the owner of EV Tuning to open up their own repair shop. While they both hold down day jobs, this spring they broke ground on their “Electrified Garage” in Seabrook, New Hampshire.

“I was never thinking of opening my own shop,” Benoit said. “But I’d been denied so many times by Tesla that I really started thinking there’s got to be a bigger picture here, another player who can help others and get parts as well. Now that there’s a place where people can go for third-party EV repair.”

The Electrified Garage is getting customers who are out of warranty with their Model S’s, and people who own Model 3’s but can’t get Tesla service centers to do work for them because they have after-market parts that negated their warranty Benoit said.

While CEO Elon Musk has long promised to ramp up the company’s service in North America, Tesla is currently in a belt-tightening phase, recovering from mass layoffs and still under pressure to cut costs. Until they’re ready to invest in opening more service centers, hiring more technicians and mobile service “Rangers” – who drive to the customers’ door to fix their cars – there are upstarts like the Electrified Garage ready to repair, modify or rebuild.

» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: http://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: http://cnb.cx/SubscribeCNBCclassic

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
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

#CNBC
#Tesla
#RichRebuilds

Why Rich Rebuilds Is Opening A Tesla Repair Shop

source

Continue Reading

Tech

How Chicken Became An American Obsession

Published

on

By



Chick-fil-A has long dominated the chicken sandwich category in fast food. After Popeyes Louisiana Kitchen launched its own version of the chicken sandwich, other fast food chains like Wendy’s, McDonalds and Shake Shack got into the battle. Here’s how chicken took over America.

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

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: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

How Chicken Became An American Obsession

source

Continue Reading

Tech

The Next Frontier Of Space Tourism — Going To The Stratosphere In A Balloon

Published

on

By



Commercial space flight is becoming more and more common with companies including SpaceX, Blue Origin and Virgin Galactic all having flown paying customers into space over the last several years. But soon, those interested in seeing the earth from an unusual vantage point may have another option. A number of startups are hoping to hoist tourists to the stratosphere using pressurized capsules and massive gas-filled balloons. CNBC spoke to three of them, France-based Zephalto, Florida-based Space Perspective and Arizona-based World View.

The experiences would not take passengers all the way into space, the start of which is generally accepted by the U.S. government to be around 80 km or around 50 miles above the earth’s surface. Still, the companies we spoke to said passengers would be able to experience the “overview effect,” a common, highly emotional phenomenon felt by astronauts when they see the earth against the blackness of space. The rides would also be much smoother, avoiding the bone rattling experiences of rocket-powered space tourism.

A single trip would last about 6 hours and ticket prices range from $50,000/seat with World View to around $184,000/seat with Zephalto. All the stratospheric balloon companies we spoke to are still developing and testing their systems. Space Perspective and World View would not give CNBC an exact date for when they plan to begin commercial flights, but Zephalto said the company is aiming for 2025.

Chapters:
00:00 Introduction
02:27 The stratospheric experience
07:00 Stratospheric balloons
10:58 Regulation and safety
13:52 Road to commercial flights

Produced, Shot and Edited by: Magdalena Petrova
Additional Camera: Lisa Setyon
Animation: Jason Reginato, Emily Rabbideau
Supervising Producer: Jeniece Pettitt
Additional Footage: NASA, Getty Images
Additional Sources:National Air and Space Museum, Federal Aviation Administration, Newspapers.com

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

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.

Want to be a successful, confident communicator? Take CNBC’s new online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Sign up today and use code EARLYBIRD for an introductory discount of 30% off through July 10, 2024: https://cnb.cx/4aryNgM

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC

#CNBC

The Next Frontier Of Space Tourism — Going To The Stratosphere In A Balloon

source

Continue Reading

Trending

On this website we use first or third-party tools that store small files (cookie) on your device. Cookies are normally used to allow the site to run properly (technical cookies), to generate navigation usage reports (statistics cookies) and to suitable advertise our services/products (profiling cookies). We can directly use technical cookies, but you have the right to choose whether or not to enable statistical and profiling cookies. Enabling these cookies, you help us to offer you a better experience.