Nvidia’s CEO was labeled a ‘demanding’ boss by staff. Experts discuss

Nvidia CEO Jensen Huang attends a media roundtable meeting in Singapore on Dec. 6, 2023. Edgar Su | Reuters Nvidia’s CEO Jensen Huang knows he’s a tough boss and has no regrets about it. In a recent interview with “60 Minutes,” employees at the company’s Santa Clara headquarters told correspondent Bill Whitaker that the entrepreneur … Read more

How the U.S. government is regulating AI

The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, a buy now, pay later financial services provider, estimates that its AI assistant tool will increase its profit outcome by $40 million by the end … Read more

How Maersk grew its shipping empire and how it’s evolving

Each year about 90% of world trade is transported by ship, according to the World Economic Forum. While commodities like oil and grain make up 40% of that cargo, large steel containers, filled with appliances, smartphones, and couches, make up the remainder. With its fleet of over 670 vessels, Maersk, one of the world’s largest … Read more

Why car insurance rates are increasing in the U.S.

Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. Factors such as longer repair times and more expensive rental car costs are resulting in rising prices, according to a report by … Read more

Sachs, Roubini and Zandi on how the climate crisis affects economy

As the climate crisis continues to pose a global threat, top economists are debating its effect on the U.S. economy. Mark Zandi, chief economist at Moody’s Analytics, projects “physical risks” will be the biggest economic cost over the next 10 to 20 years. These are damages caused by natural disasters, which are now occurring at … Read more

U.S. legal immigration system doesn’t prioritize the economy

A person holds an American flag as they participate in a ceremony to become an American citizen during a U.S. Citizenship & Immigration Services naturalization ceremony at the Miami Field Office on August 17, 2018 in Miami, Florida. Joe Raedle | Getty Images The U.S. has more foreign-born residents than any other country, according to … Read more

How Nescafé came to dominate the instant coffee market

With American coffee drinkers increasingly opting for specialty items like espresso-based beverages and cold brews, U.S. instant coffee consumption has fallen, with just 4% of Americans choosing the quick-and-easy offering, according to the National Coffee Association. Overseas it’s a different story. Soluble coffee accounts for about a quarter of the beverage consumed globally, according to … Read more

RealPage antitrust lawsuits allege collusion among corporate landlords

A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. “We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers … Read more

How chaos in the Red Sea is putting the U.S. Navy to the test

The U.S. Navy is encountering a tenacious threat in the Red Sea. The Iran-backed Houthi rebels have launched wave after wave of low-cost precision weapons at vessels transiting the area, including attacks on U.S. warships themselves. “That’s one of the things [that] the Red Sea sort of demonstrates … we never know where the maritime … Read more

Why there is a new global race to the moon

Japan recently became the fifth nation to successfully complete a soft landing on the moon’s surface, joining a select few countries — the U.S., Russia, China and India — in accomplishing this feat. But moon landings are likely to become more common over the next few years. Globally, more than 100 lunar missions, both by … Read more