Tech
Why Diesel Is Driving Up The Cost Of Everything
Diesel prices reached all-time highs in March of 2022. Gasoline prices may hit consumers directly, but diesel prices are driving up the costs of all kinds of goods. They are also hurting the trucking industry, which is dominated by small businesses.
Consumers notice spiking gasoline prices every time they drive to the pump. But energy industry analysts say the current spike in diesel prices is historic ā and is pushing up the cost of all kinds of goods.
Diesel prices are hovering around all-time highs, forced upward by the same circumstances that have fueled gasolineās rise.
āThe price of diesel is probably the bigger headline here,ā said Patrick De Haan, head of petroleum analysis for GasBuddy.
Nearly everything people buy is at some point freighted in a vehicle powered by a diesel engine. Ships and barges, trains, trucks and even some airplanes run on diesel fuel.
Diesel hit an all-time high of $5.135 on March 12, according to AAA. As of April 27, the price was only slightly lower at $5.093.
That increase is hitting consumer prices hard, says Moodyās Analytics chief economist Mark Zandi, who notes that diesel has had a significant factor in rising inflation.
It is also hitting truckers hard. Truckers who used to spend about $10,000 a week on fuel now are spending closer to $18,000 a week.
Freight industry analysts suspect the very fragmented and volatile trucking industry will likely experience another severe recession. Some are even calling it a ābloodbath.ā
āWe see when fuel surges as much as it has over the past couple of months, thatās usually when we see a lot of trucking bankruptcies follow,ā said Craig Fuller, founder and CEO of Freightwaves, an industry data tracker.
That amounts to bad news for the nearly 2 million trucking companies in America, the vast majority of which are small businesses with just a handful of trucks.
āThese small operators that live essentially on the cash flow of their trucking operations are not prepared and donāt have the balance sheets or the cash position to absorb these instantaneous shocks to their cash flow,ā Fuller said.
Ā» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
Ā» 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.
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 Diesel Is Driving Up The Cost Of Everything
source
CNBC Marathon covers the changing U.S. business landscape as Chinese firms continue to influence food and drink, entertainment and artificial intelligence.
Luckin Coffee, the chain that quickly overtook Starbucks in China, has opened its first U.S. locations in New York City. While the company, founded in 2017, is expected to expand rapidly, it has already lived through a major fraud scandal and bankruptcy in its home market. So now the question is: can it pose a real risk to major domestic coffeehouse chains like Starbucks? Watch the video to learn about how Luckin Coffee is taking on the U.S.
Duanju, the Chinese term for micro dramas known for wild plots and vertical, bite-sized videos, made headlines in China in 2024 as the industry surpassed the country’s box-office revenue for the first time. The short-format videos, which typically consist of episodes ranging from 90 seconds to two minutes long, initially gained popularity in China after capitalizing on the short-form video trend from other short-video apps in the country. And it now has its sights set on the U.S. entertainment industry.
Silicon Valley is now reckoning with a technique in AI development that could upend the leaderboard. Distillation is the idea that a small team with virtually no resources can make an advanced AI model by extracting knowledge from a larger one. While the Chinese AI startup DeepSeek didnāt invent the method, its use of the technique roiled the stock market and woke the AI world up to its disruptive potential. Distillation is now enabling less-capitalized startups and research labs to compete at the cutting edge faster than ever before. DeepSeekās breakthroughs also ushered in the rise of a new open-source order, based on a belief that transparency and accessibility drive innovation faster than closed-door research. That combination — distillationās newfound traction and open-sourceās rise in popularity — is deadly for the competitive edges that the biggest AI players had. This video also includes Bosaās full interview with Glean CEO Arvind Jain.
From coffee to AI to bite-sized dramas, Chinese companies are making bold moves in U.S. markets. This CNBC marathon digs into how Luckin Coffee is challenging Starbucks, micro dramas aim to captivate American viewers, AI startup DeepSeek uses ādistillationā to disrupt Silicon Valleyās biggest players and where their respective industries go from here.
Chapters:
00:00 ā Cold Open
01:08 ā How Chinese Luckin Is Taking On Starbucks In the U.S. (Published September 2025)
11:47 ā Why Chinaās 2-Minute Micro Dramas Are Poised To Take Over The U.S. (Published July 2025)
21:17 ā What Is AI Distillation ā And How DeepSeek Used It To Blindside OpenAI (Published February 2025)
Produced by: Ryan Baker, Jeff Huang, Jasmine Wu, Drew Troast, Laura Batchelor
Anchor: Deirdre Bosa
Edited by: Andrea Miller, Lisa Setyon
Animation: Mallory Brangan, Emily Park, Jason Reginato, Christina Locopo
Managing Producer: Anuz Thapa
Senior Managing Producer: Tala Hadavi
Senior Director of Video: Lindsey Jacobson, Jeniece Pettitt
Editorial Support: Erin Black
Additional Footage: Getty Images, ReelShort, Quibi
Ā» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
Ā» Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus
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 your own boss? Sign up for Smarter by CNBC Make It’s new online course, How To Start A Business: For First-Time Founders. Find step-by-step guidance for launching your first business, from testing your idea to growing your revenue. Sign up today: https://cnb.cx/4gEgnhO
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
How Chinese Companies Are Taking Over The U.S.
source
Youth unemployment in the U.S. is rising. For 16-to-24-year-olds, the unemployment rate jumped from 6.6% in April 2023, the lowest since the pandemic, to 10.4% in September, according to the Bureau of Labor Statistics. Recent college graduates are particularly struggling to find jobs, prompting economists at The Burning Glass Institute to describe the situation as āno country for young grads.ā Watch the video to find out why these young minds are not landing jobs, whether AI plays a role, and what this means for the economy.
Chapters:
0:00: Introduction
1:47: Chapter 1 – Why youth unemployment is rising
6:59: Chapter 2 – Economic impact
8:42: Chapter 3 – Navigating the job market
Produced by: Anuz Thapa
Edited by: Andrea Miller
Narration by: Jordan Smith
Graphics by: Jason Reginato, Emily Park
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images, Michael Lavin
Ā» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
Ā» Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus
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 level up your AI skills? Sign up for Smarter by CNBC Make It’s new online course, How To Use AI To Communicate Better At Work. Get specific prompts to optimize emails, memos and presentations for tone, context and audience. Sign up today: https://cnb.cx/47ELu8O
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
How AI Is Killing The Value Of A College Degree
source
Nvidiaās blowout earnings Wednesday affirmed its place as the worldās most valuable company, thanks to āoff the chartsā sales of GPUs that excel at AI workloads. But as inference needs outpace training, a smaller cheaper AI chip is gaining ground. Custom ASICs are now being designed by all the major hyperscalers. Google led the way with its TPU, followed by Amazon, Meta, Microsoft, and OpenAIās plans with Broadcom. CNBC talked to experts and insiders at the Big Tech companies making them all.
Chapters:
0:00 Introduction
1:31 GPUs for general compute
5:07 ASICs for custom cloud AI
10:29 On-device chips for edge AI
13:21 Geopolitics and power
Produced and Shot by: Katie Tarasov
Edited by: Evan Lee Miller
Additional Camera: Marc Ganley, Jordan Smith
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato
Editorial Support: Kif Leswing
Additional Footage: Amazon, AMD, Apple, Broadcom, Cerebras, Getty Images, Google, Groq, Ford, Intel, Meta, Nvidia, Qualcomm, Samsung, TSMC
Ā» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
Ā» Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus
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 level up your AI skills? Sign up for Smarter by CNBC Make It’s new online course, How To Use AI To Communicate Better At Work. Get specific prompts to optimize emails, memos and presentations for tone, context and audience. Sign up today: https://cnb.cx/47ELu8O
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
Comparing The Top AI Chips: Nvidia GPUs, Google TPUs, AWS Trainium
source
Generative AI is speeding up how people work, but that efficiency can prevent some workers from climbing the corporate ladder. Nearly 40% of workersā core skills will be disrupted by 2030 due to AI and digitalization, according to the World Economic Forum. It may become more difficult for entry-level workers to advance in their careers as companies cut costs by trimming middle management and, in certain industries, eliminate entry level roles that can be replaced by AI. Watch this video to understand the impending break down between the expert and novice educational relationship and what that means for the future of the economy.
Chapters:
0:00 Introduction
1:20 How AI disrupts career growth
4:36 Skills development
Produced by: Charlotte Morabito
Edited by: Nora Rappaport
Additional Reporting:
Animation: Jason Reginato, Emily Park
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images
Ā» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
Ā» Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus
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 level up your AI skills? Sign up for Smarter by CNBC Make It’s new online course, How To Use AI To Communicate Better At Work. Get specific prompts to optimize emails, memos and presentations for tone, context and audience. Sign up today: https://cnb.cx/47ELu8O
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
How AI Is Breaking The Career Ladder
source
CNBCās Jon Fortt, host of Fortt Knox, talks to the experts about how technology is changing the way we pamper, train and mistreat our pets — plus, which indulgences are truly worth the money. With animal behaviorist and author Nicholas Dodman, expert dog handler Bill McFadden (who won “Best in Show” at the 2018 Westminster Kennel Club with bichon frise “Flynn), and Rover.com CEO Aaron Easterly.
Ā» Check out the Fortt Knox podcast: http://forttknox.com/apple
Ā» Subscribe to Fortt Knox: http://youtube.com/forttknox
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
The Pet Economy: Tech & Billions | Fortt Knox
source
-
Other2 years ago
Economic crisis Predictions|Bloomberg Surveillance 11/08/202…
-
Other2 years ago
Suppers Around The World – Tasty Recipes Please recognize th…
-
Food2 years ago
Kardea Brown’s Cheesy Hash Brown Casserole | Delicious Miss Brown | Food Network
-
Politics2 years ago
Russia hawks to Putin apologists: GOP stonewalls Ukraine aid, Tucker Carlsonās trip to Moscow
-
Other2 years ago
Giada De Laurentiis Makes Pan-Fried Zucchini w/ Anchovy Vina…
-
News2 years ago
White House warns of Russia invasion in Ukraine before end of Olympics
-
Other2 years ago
Just how beginner Vivek Ramaswamy is gaining some Trump foll…
-
Other2 years ago
MaxMara Spring/Summer 2013 FULL SHOW|Milan Fashion Week MFW|…
-
Sports2 years ago
Top 10 Saves from Week 13 of the 2021-22 NHL Season
-
Politics2 years ago
George Conway: ‘Lying, intimidating, bullying. That’s Trump at his worst, and that’s Trump always’