Automakers are seeking new manufacturing methods that can help achieve the goal of producing cheap EVs profitably. One technique is called gigacasting or megacasting where high pressure molds are used to form molten aluminum into large parts. Electric car maker Tesla is credited with pioneering the method, and some rivals also are stepping up investments. CNBC spoke with experts, including Volvo Cars' chief product and strategy officer, Erik Severinson, about that company's plans in this area.

Why EV makers are investing in the new manufacturing method of gigacasting

Charles Shi, managing director and senior analyst at Needham & Co., discusses TSMC's earnings and the outlook for chip manufacturing.

Analyst discusses the outlook for chip manufacturing

Ayana Dunlap changed careers and increased her earning potential over the course of a summer — and she did it without a bachelor's degree, or spending a dime. In June 2020, after hotels and restaurants shut down at the onset of the Covid-19 pandemic, Dunlap was laid off from her job as a senior sales manager at the Hilton Garden Inn Tysons Corner in Virginia.

30-year-old was laid off from her hotel job, now earns $125,000 without a bachelor's degree thanks to this one skill

New York City, NY

Nahjae Olin was born and raised in the Bronx, New York City. She and five of her siblings grew up in a one-bedroom apartment just one block away from the place she now calls home. In 2019, the 26-year-old preschool teacher had just moved back in with her family after...

26-year-old won the NYC housing lottery, pays $881/month for a 1-bedroom apartment: How the process works

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New Jersey State

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Connecticut State

The Shy Green

Big news hitting the grocery scene: Stop & Shop is set to close 32 of its stores in five states. This move is a major shake-up for local communities across the Northeast. Here’s where the closures are happening:

A big-name grocery store is shutting down over 30 locations in five states

Bonsall, CA

The leader of a nationwide retail crime operation faces five years and four months in state prison and must pay millions in restitution. A CNBC investigation in March detailed Michelle Mack's operation and showed how law enforcement traces stolen items from organized retail rings. Mack oversaw a multimillion-dollar operation in...

Retail crime 'queenpin' faces five years in prison, millions in restitution

Autonomous AI agents that can communicate with other AI agents will arrive by 2025, Pascal Brier, Capgemini's chief innovation officer, told CNBC. This "multi-agent AI" would entail a collection of agents that work together to solve tasks in a distributed and collaborative way, according to Capgemini. For example, an AI...

Autonomous AI workers that talk to each other will arrive in 2025, Capgemini predicts

Hamilton Township, NJ

NewsByJoshua

Rainbow Shops, a popular clothier known for its youth clothing, is preparing to shut down its location at the Hamilton Mall in Hamilton Township, New Jersey. The store is currently offering a hefty 40% discount on all items as part of its liquidation sale.

Popular Clothing Store Offers Offers Deep Discounts, Closing 950 Locations in Struggling Mall

North Carolina State

Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

The summer is a good time to take stock of how your kids are faring. Are they doing something that excites them? Do they wake up every morning eager to get going? Are they happy?. I did not ask about their grades, because if you answered "yes" to those questions,...

I talked to 70 parents who raised highly successful adults: 4 things they always did when their kids were young

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

When Kema Ward-Hopper uprooted her family — and career — to relocate from the U.S. to Costa Rica six years ago, she wasn't sure what to expect. She and her husband Nicholas quit their corporate jobs as a research analyst and mortgage broker, respectively, in Houston, Texas, to pursue new careers as entrepreneurs abroad.

I quit my job in the U.S. and moved to Costa Rica—now I work 25 hours/week and am 'a lot happier'

Atlanta, GA

Former Atlanta Fed President Dennis Lockhart joins 'Squawk Box' to discuss the Fed's inflation fight, state of the economy, interest rate outlook, and more.

Former Atlanta Fed President Dennis Lockhart: A September rate cut is on the table

Brookings, SD

There is some tough news in the coffee and cafe scene. Cottonwood Coffee, a beloved spot based in Brookings, South Dakota, has filed for Chapter 11 bankruptcy. This decision comes as they battle significant financial challenges, especially worsened by the lingering impact of the Covid-19 pandemic.

A coffee and cafe company has filed for Chapter 11 bankruptcy due to financial difficulties

Growing up in Nara, Japan, I was surrounded by natural beauty, historic sites, long-held traditions and authentic, delicious food. When I moved to the U.S. as an adult, I struggled a lot with the culture of fast and processed food. I was a busy, working parent and constantly felt ill or out of sorts because of my diet. So when I became a nutritionist, I decided to focus my work on sharing Japanese eating habits.

I’m from Japan, home to some of the world’s longest living people: 8 foods I eat every day

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Denver, CO

David Heitz

Two immigrants from south of the border told the City Council Monday they were harassed when using hotel vouchers for shelter in Denver. Speaking through an interpreter, Leivy Ortega and Henry Aguilar said they received vouchers for hotel stays from an unnamed non-profit. But they had problems using the vouchers, they said. Ortega said she came to Denver from Connecticut and lived in her car for 15 days. She received a three-day hotel voucher, she said, but hotel staff initially would not honor it. She did not name the hotel. She said staff finally looked at her paperwork and gave her a room, but they wanted to charge her. for it. She said they initially weren’t going to allow her to stay because she has a service animal.

Immigrants allege Denver hotel staff mistreated them

Broward County, FL

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Margate, FL

Edmond Thorne

MARGATE, FL. - A sophisticated lottery scam targeting vulnerable seniors across the United States has been uncovered, with a Margate man at its center. The elaborate scheme defrauded victims of approximately $9.5 million, leaving a trail of financial and emotional devastation in its wake.

Broward Man Arrested by Feds in $9.5 Million Lottery Scam: Targets Seniors Nationwide.

With inflation decelerating, interest rate cuts are widely expected later this year. Traders are predicting a September cut with near 100% certainty, according to the CME FedWatch Tool, which uses market data to predict Federal Reserve interest rate decisions. That's potentially good news for homebuyers, since interest rate cuts would...

Mortgage interest rates are expected to drop by the end of the year—here’s how much you could save on monthly payments

NewsBreak

Tesla will disappoint investors despite better-than-expected Q2 deliveries: Wells Fargo's Langan

Colin Langan, Wells Fargo Securities Sr. Equity Analyst,...

Tesla will disappoint investors despite better-than-expected Q2 deliveries: Wells Fargo's Langan

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