Businesses need to remain diligent in their diversity, equity and inclusion, or DEI, efforts as layoffs continue, according to McKinsey senior partner Shelley Stewart. In an interview with CNBC, Stewa...
Tag: Video First
Air Force’s aging AWACS stirs questions of airborne-battle readiness
As the recent Chinese spy balloon encounter showed, keeping the skies safe is a tough job. For decades the U.S. Air Force has relied on the E-3 Sentry, and the most recent version, the E-3G, has been ...
How Zelle is different from Venmo, PayPal and CashApp
More than half of smartphone users in the U.S. are sending money via some sort of peer-to-peer payment service to send money to friends, family and businesses. Stocks of payment services like PayPal, ...
Food fraud secretly infiltrates America. Here’s how you can avoid it
The food in your kitchen cabinets may not be what it seems. “I guarantee you any time a product can be passed off as something more expensive, it will be. It’s that simple,” Larry Ol...
How BofA came back from the brink of collapse
The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped from a high of $21 billion in 2006, to just $4...
Why salaries in the United States don’t keep up with inflation
Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they’re...
Electric school buses give kids a cleaner, but costlier, ride
BEVERLY, Mass. — It’s a gray November morning, and we’re on board a long, yellow school bus. The bus bounces over this Boston suburb’s patched streets in a way that would be familiar...
How the U.S. became a global corn superpower
The United States has just about 90 million planted acres of corn, and there’s a reason people refer to the crop as yellow gold. In 2021, U.S. corn was worth over $86 billion, according to calcu...
How drought cost America’s cotton industry billions
Cotton farmers in Texas, where about 40% of the U.S. crop is produced, are facing a severe drought that is costing the industry billions. A lack of rain and extreme heat is forcing growers in the stat...
Why U.S. rail travel is so expensive
Amtrak’s Acela is the fastest passenger train in the Western Hemisphere, but tickets can be pricey. Amtrak fares can vary dramatically in the Northeast, home of the most heavily used stretch of ...
Here are the three big issues facing Ukraine as a tough winter approaches
Winter is on the way, and in war-torn Ukraine the fight against Russia appears far from over. Moscow continues to target Ukrainian power plants and stations. Grain shipments out of Ukraine have been i...
Why hearing aids are so expensive
An estimated 48 million Americans have some form of hearing difficulty, according to the Hearing Loss Association of America. But only about 20% of people who would benefit from a hearing aid use one....
How organ donation works in the United States
There are more than 100,000 people in the United States waiting for an organ transplant, according to the United Network for Organ Sharing, known as UNOS. “I was born Type 1 diabetic,” sai...
Here’s what the Wells Fargo cross selling scandal means for the bank
Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...
U.S. defense industry faces surging demand and a supply chain crunch
The war in Ukraine and rising tensions over Taiwan have caused demand for high-tech, American-made weapons to surge. And with the ongoing supply chain crunch and inflation continuing to rise, military...
How Asia’s richest person gave Bezos a run for his money
Gautam Adani has had a very good year. The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the second-richest person in the world in September, according to Bloomberg. He̵...
Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...
The U.S. has a pilot shortage — here’s how airlines are trying to fix it
U.S. airlines are facing a severe pilot shortage. Management consulting firm Oliver Wyman estimates the industry is facing a deficit of about 8,000 pilots, or 11% of the total workforce, and says the ...
Why America still can’t agree on charter schools after 30 years
Whether it’s student loan forgiveness or banning books, education policy in the United States can get contentious. One controversial education policy that goes back to the 1990s is the charter s...
How ‘quiet quitting’ became the next phase of the Great Resignation
“Quiet quitting” is having a moment. The trend of employees choosing to not go above and beyond their jobs in ways that include refusing to answer emails during evenings or weekends, or sk...
How the U.S. government can keep household debt in check
On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually. But student loans account for less than 10% of hou...
Why the U.S. military faces a growing recruiting crisis
The U.S. military faces a growing recruiting shortfall — one so large that legislators are getting concerned. “The Army has to recognize that there’s been an evolution in that young popula...
Why even more Americans are arming up with AR-15 guns
The AR-15 is one of the most controversial weapons in America. Lightweight and easily customizable AR-15 style weapons have skyrocketed in popularity in recent years, taking center stage at gun ranges...
The other reason why food prices are rising
The United Nations’ worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027. More expensive fertilizers are contributed to those higher costs, with som...
How Sri Lanka’s economic collapse raises alarm bells for other emerging markets
During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country’s economy stumbled. In May 2022, the governme...
Detroit real estate developers rebuild city amid budget shortfalls
A new wave of development is rippling through downtown Detroit. “Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022,” said Ramy Habib, a local entrepreneur. &...