Tag Archives: CNBC

Analysis: Rise Of 7-Eleven Convenience Stores

7-Eleven, home of the 64-ounce Double Gulp and the Pina Colada Slurpee, has helped revolutionize the way we shop at convenience stores. In March 2019, the 90-year-old brand launched its first Evolution Store. Featuring fresh food options and specialty alcohol, the new store concept is aimed at a new generation of consumers. And with consumer behavior changing due to Covid-19, the convenience store industry could be on the verge of a profound change.

Investigation: Why The Emergency ‘911 System’ Is Broken’ (CNBC Video)

More than 80% of calls to 911 come from a cellphone and often from a high-rise. But the over 5,000 locally run 911 centers, or public safety answering points (PSAP) aren’t easily able to track those callers. Fixing the system could save more than 10,000 lives and $97 billion per year according to the FCC.

Major companies like Apple, Google, Motorola and startups like RapidSOS have tried to fill the technology gap, but so far, that’s not enough. Watch the video to understand the conundrum of a large and fragmented national system that is run and funded locally, and how the federal government may be its only hope for a complete overhaul. “We’re talking about diversity of equipment connecting across these IP networks in a very complex manner,” said Capt. Mel Maier of the Oakland County Sheriff’s Office in Michigan.

“And if there are proprietary interfaces anywhere in between there, they’re not going to be able to talk. … Our technology is continually trying to catch up and playing catch up.” A number of companies including Apple, Motorola and start-ups are trying to fill the technology gap. RapidSOS is a data integration platform that has been adopted free of charge in about 4,800 PSAPs. According to the company, it covers about 92% of the country and assists in 150 million emergencies per year.

“We’re just scratching the surface of the amount of data that we could be using,” said Michael Martin, CEO of RapidSOS. “We’re passing precise location for most 911 calls now. But you can imagine all the capabilities, like in a fire if your building could talk or if your device could detect a heart attack and immediately transmit that through.” According to Maier, who is also chairman of the Public Safety Next Generation 9-1-1 Coalition, the tech industry can’t do it on its own.

He says carriers also have a responsibility, especially when it comes to addressing the altitude problem. But in the end, he says, the federal government is needed. He’s hoping Congress will pass legislation for $15 billion toward a complete overhaul. In July, a $1.5 trillion infrastructure bill that included $12 billion toward 911 passed the House but stalled in the Senate.

Inside Views: ‘The Money Behind Professional Poker Players’ (Video)

Poker is a game of extreme variance. Professional poker players can go stretches without winning or placing at a level that earns any cash. The wins, however, can make up for the droughts with players earning thousands to millions of dollars depending on the game or tournament entered. Considering poker is an inconsistent sport, players look to offset the risk involved. This is done through staking, where an “investor” will pay a player’s way through tournaments for a piece of the action.

Analysis: Can ‘Restoration Hardware – RH’ Become A Global Luxury Brand?

COVID-19 has dealt a harsh blow to countless retailers, many of which were already struggling. However, RH, formerly Restoration Hardware, is doing rather well. The company’s stock price had cratered in March 2020 and struggled in early April, as forced lockdowns endangered retail. But by December 2020, shares had rebounded and risen more than 110 percent since the beginning of the year. RH is now ambitiously trying to turn it into a global luxury brand providing an array of services.

Business Analysis: ‘Work From Home’ & The Rise Of Williams Sonoma (Video)

In the midst of the pandemic, Williams-Sonoma has stood out as a company, its stock price reaching a new all-time high in January 2021, despite many businesses declining. Paired with its strength in e-commerce, the company’s ongoing success is due in large part to consumers staying at home more than ever before. Still, the company faces potential headwinds as the shift to online shopping impacts home furnishing sales and rivals like online furniture retailer Wayfair increase their market share. As a retailer known for its brick-and-mortar locations, can the brand keep up its success?

Covid Vaccine: ‘What Went Wrong With U.S. Rollout’

The U.S. coronavirus rollout has been anything but smooth. States are reporting limited supply of vaccines, leading them to delay appointments and close clinics to the public. Some states lack staff and essential resources to get the job done. With little guidance from the previous White House administration on how to effectively administer vaccines, it’s up to states and local health officials to get the job done. President Joe Biden announced the administration will buy 200 million more vaccines and institute a national vaccine program to vaccinate 100 million doses in his first 100 days. But can it be done? Here’s what went wrong with the U.S. coronavirus vaccine rollout and how a new White House plans to turn things around.

Analysis: ‘Can Prefab Homes Fix U.s. Affordable Housing Crisis?’ (Video)

The affordable housing crisis in the United States continues to be a problem and it’s only getting worse. And in places like San Francisco, where construction costs are some of the highest in the world, overcoming the housing shortage seems impossible. However, one solution is gaining traction that could dramatically reduce the cost and time to build new housing – factory-built apartments.

Airships: The Decline And Comeback Of Blimps (Video)

Blimps were once at the forefront of aviation—at least before airplanes innovated past their lighter-than-air technology. Now, airships are often used for advertising or aerial broadcasting, which is exactly how Goodyear utilizes its fleet of airships. In fact, there are only 124 pilots with a rating to fly an airship, and there are a mere 39 registered airships in the U.S., according to the FAA. Now, a small handful of companies want to change that. Blimps are more carbon efficient than planes or boats, and they can be used for tourism and cargo transport, not to mention military purposes. What happened to the giants of the sky, and what’s being done to bring them back.

Analysis: How America Can Build & Run A 100% Clean Electric Grid (Video)

The U.S. electric grid is outdated. Designed for a world that runs on fossil fuels, our grid needs some major tech upgrades in order to transition to a more distributed, all-renewable system. That means smart, internet connected hardware working in tandem with advanced data analytics software to ensure that supply and demand are balanced, even when the sun isn’t shining or the wind isn’t blowing.

Analysis: ‘Why Credit Card Fraud Is Rising’ (Video)

In 2019, payment card fraud losses reached nearly $28 billion worldwide. The United States alone is responsible for more than a third of the total global loss making America the most card fraud-prone country in the world. The economic cost of credit card fraud goes far beyond the cost of illegally purchased merchandise; businesses often spend millions to protect themselves from fraud, buying software and hiring security experts to monitor transactions. Experts say there aren’t enough regulations to help protect the U.S. economy, especially small businesses from card fraud.