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Why Uber And Lyft Rides Got So Expensive

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According to Rakuten Intelligence, the cost of a ride from a ride-sharing app like Uber or Lyft increased 92% between January of 2018 and July of 2021. Many riders have also noticed increased wait times for rides, and a recent driver shortage is likely to blame. In early July 2021, Uber and Lyft drivers were about 40% below capacity. The companies have taken notice of this driver shortage, and are investing millions worth of bonuses and base rates to convince drivers to return. But will it be enough to get drivers back on the roads?

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Why Uber And Lyft Rides Got So Expensive

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Inside The U.S. Navy’s $2.3 Billion Retail Business To Aid Military Servicemembers

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The Navy Exchange, which is owned by the U.S. government, has long provided discounted, tax free goods to military members and their families. The profits all go back to helping to improve welfare programs for those enrolled in the Navy, but, in recent years, sales have declined and is now in the process of renovating its stores with planned investments of around $100 million across its fleet of stores to better compete with major e-commerce players.

Produced and Shot by: Ryan Baker
Edited by: Darren Geeter
Additional Camera by: Magdalena Petrova
Reporter: Gabrielle Fonrouge
Animation by: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images, Nexcom

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How The Navy Exchange Is Fighting To Win Back Shoppers From Amazon And Walmart

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How AI Is Helping Grocery Shoppers Save Money

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Grocery stores like Kroger are using AI to help find value for perishable food that would otherwise end up in the trash. The data being generated by Flashfood and companies like it are giving retailers insights into consumer behaviors like showing what products will sell, at what price and at what point they are in their shelf life. CNBC’s Brandon Gomez looks into this growing technology.

Produced, Shot and Edited by: Natalie Rice
Reporting by: Brandon Gomez
Animation: Jason Reginato, Christina Locopo
Senior Director of Video: Lindsey Jacobson
Additional Footage: Flashfood, Getty Images

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How AI Is Helping Grocery Shoppers Save Money

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AI Demand Is Inflated And Only Anthropic Is Being Realistic

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The main demand signal for artificial intelligence looks explosive on paper, but it may be significantly overstated. Token consumption, the basic unit of AI usage, is becoming a distorted metric. Companies like Shopify and Meta have created internal “tokenmaxxing” leaderboards that track how many tokens employees use, and Nvidia CEO Jensen Huang said engineers should be spending half their salary on tokens. But token demand is what the entire AI investment cycle is built on, and that demand number may not be real. CNBC’s Deirdre Bosa shares her perscpective on why Anthropic, by pricing its tools for that reality, might be the best positioned AI company if a correction comes.

Anchor and Columnist: Deirdre Bosa
Produced by: Jasmine Wu
Additional Production: Drew Troast
Edited by: Matt Soto
Animation: Emily Park
Senior Director of Video: Jeniece Pettitt

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AI Demand Is Overstated — Only Anthropic Is Being Realistic

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Why Chrysler Says There Is A Minivan ‘Resurgence’

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The minivan has ticked back up in sales in recent years, and is a surprisingly significant share of sales for those still in the segment–Honda, Toyota, Kia, and Chrysler. The Pacifica minivan is the only model line Chrysler sells–something that has led industry watchers to fear the legendary American brand is on its last legs. Chrysler brand CEO Matt McAlear, who also runs Dodge, says more plans will be revealed at parent Stellantis’s investor day on May 21. In the meantime, the minivan is faring rather well, he said. Affordability is a growing concern for many buyers, and a minivan’s average transaction price is about $20,000 dollars less than that of a large SUV in the US. That is a great value for a buyer that needs a spacious vehicle for ferrying passengers or even cargo, say analysts.

Reporting by: Robert Ferris
Editing and Camera: Darren Geeter
Additional Camera: Natalie Rice
Senior Director of Video: Jeniece Pettit
Additional Footage: Getty Images, Stellantis, Toyota

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Why Chrysler Says There Is A Minivan ‘Resurgence’

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‘Affordable’ Sedans Are Luring Buyers…Including Young Ones

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SUVs and pickups have really taken over the US car market. But with average vehicle prices so high, some automakers are still selling healthy numbers of sedans and other low-roofed passenger cars. Kia, Toyota, and Volkswagen, among others have kept sedans in the market, and EVs like the Tesla Model 3 are popular. Detroit automakers Ford and GM have hinted they might want back in.

Reporting by: Robert Ferris
Editing and Camera: Darren Geeter
Additional Camera: Natalie Rice
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images, Kia, Toyota, Volkswagen

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‘Affordable’ Sedans Are Luring Buyers…Including Young Ones

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