Tech

How The U.S. Is Pumping More Oil Than Any Country In History

Published

3 weeks ago

September 9, 2024

CNBC

The U.S. is produced more oil than it ever has in 2023, according to the U.S. Energy Information Administration. In fact, this record marks the most oil ever produced in a year by any country in the history of the world. Both the oil and gas industry and the renewable energy industry are receiving billions of dollars in government support, primarily via subsidies. The Inflation Reduction Act is providing $369 billion to combat climate change, and $270 billion will be delivered through tax incentives. “We’re building out the infrastructure for clean energy, but we can’t retire the infrastructure for oil because we’re still using it,” Amy Myers Jaffe of New York University’s Energy, Climate Justice and Sustainability Lab, told CNBC. Here’s how the U.S. became the largest oil producer of all-time in 2023 — and what that means for the green energy transition.

Chapters:
0:00 Introduction
01:32 Ch. 1: Record oil production
04:37 Ch. 2: Government support
07:17 Ch. 3: Renewables transition
11:26 Ch. 4: What’s next?

Produced and Edited by: Andrea Miller
Animation: Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images

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How The U.S. Is Pumping More Oil Than Any Country In History

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How Investors Can Prepare Their Portfolios For The 2024 Election

Published

10 hours ago

October 3, 2024

CNBC

With about a month to go until the 2024 presidential election, investors are bracing for potential volatility in the markets as uncertainty looms over whether former President Donald Trump or Vice President Kamala Harris will win in November. With 62% of U.S. adults invested in the stock market, differences in Republican and Democratic economic policies mean there are potentially nuanced ways for investors to position their portfolios to make money based on the election outcome.

Chapters:
0:00 Introduction
1:47 A second Trump presidency
4:54 A Harris presidency
7:20 What investors can do now

Produced by: Jeff Huang
Edited by: Nora Rappaport
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson
Editorial Support: Anuz Thapa
Additional Footage: Getty Images

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How Investors Can Prepare Their Portfolios For The 2024 Election

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Tech

Inside The First All-Female Hacker House In San Francisco

Published

11 hours ago

October 3, 2024

CNBC

HackHer House is one of the first all-female hacker houses in the San Francisco Bay Area, aimed at empowering women in tech. Located in North Beach, HackHer House was home this summer to seven women, all of whom share the goal of launching successful ventures in tech. The house provides affordable living for students, tech interns and founders working on startups, from AI-driven tools to senior care solutions. In San Francisco, hacker houses are more popular than ever due to the AI boom. With more than 10 of them in the city, these co-living spaces are a place for entrepreneurs and techies to network and raise millions. CNBC met with the founders of HackHer House to discuss their vision for the future.

Produced, Shot and Edited by: Lisa Setyon
Supervising Producer: Jeniece Pettitt
Additional Camera: Andrew Evers, Marc Ganley
Narration and Editorial Support: Katie Tarasov

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Inside The First All-Female Hacker House In San Francisco

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Tech

Will Tesla Robotaxis Live Up To 10 Years Of Development And Hype?

Published

12 hours ago

October 3, 2024

CNBC

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.

Despite years of bold predictions and missed deadlines, fans of the company are holding out hope that Musk will finally deliver. Regardless of what the company showcases at its robotaxi day, experts are skeptical of the company’s strategy, citing its Auotpilot and Full Self-Driving technology as a barometer for Tesla’s progress, or lack thereof.

While Tesla has been developing its autonomous vehicles, competitors like Google-owned Waymo and Chinese companies like Pony.ai and Baidu have already launched commercial robotaxi services.

With U.S. EV sales growth slowing, there’s a lot riding on Tesla’s potential pivot to autonomy. CNBC explores whether the company is ready for robotaxis and if Musk’s vision for driverless Teslas will become a reality anytime soon.

Correction:
2:41 The event date is mislabeled. The correct event is the Tesla Annual Shareholder Meeting, which occurred on June 13, 2024.

Chapters:
3:18 Ch 1 – Tesla’s vision for autonomy
6:33 Ch 2 – Full self-driving
10:13 Ch 3 – Realizing the robotaxi
15:34 Ch 4 – Sizing up the robotaxi competition

Produced and Shot by: Andrew Evers
Additional Reporting: Lora Kolodny
Edited by: Andrew Evers, Erin Black
Supervising Producer: Jeniece Pettitt
Additional Camera: Katie Tarasov, Lisa Setyon
Graphics by: Jason Reginato
Narration: Robert Ferris
Additional Footage: Cruise, Getty Images, Tesla, Waymo, Zoox

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Will Tesla Robotaxis Live Up To 10 Years Of Development And Hype?

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Tech

iPhone 8 Will Be Delayed By 1 To 2 Months | CNBC

Published

2 days ago

October 1, 2024

CNBC

RBC Capital Markets says the iPhone 8 is facing delays.
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iPhone 8 Will Be Delayed By 1 To 2 Months | CNBC

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Tech

Can Samsung Finally Beat Apple With New S7 Phone? | The Pulse | CNBC

Published

2 days ago

October 1, 2024

CNBC

Pre-orders have been through the roof and reviews have been great for Samsung’s new phone, released on Friday. Will iPhone users finally drop Apple and make the switch? Samsung Analyst Brain Blair explains what it would take for Samsung to win in phones.
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Can Samsung Finally Beat Apple With New S7 Phone? | The Pulse | CNBC

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