ETF Edge on momentum, AI and Bitcoin
Jay Jacobs, BlackRock head of U.S. equity ETFs, and Nate Geraci, ETF Store president, join CNBC's Dom Chu on 'ETF Edge' to discuss the momentum trade, getting granular with AI through ETFs and bitcoin ETFs more than a year later.
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Miami Herald
6 hours ago
- Miami Herald
Tesla releases new details about its next big deal
Rumors have been swirling for weeks as Tesla nears the launch of its next big idea - robotaxi - in Austin, Texas. The robotaxi hype hasn't reached the fever pitch of the Cybertruck, Tesla's last big idea, but if it gets this right, robotaxi has the chance to transform not just Tesla, but driving itself. Related: Tesla robotaxi launch hits major speed bump Tesla is admittedly slow-walking the rollout with CEO Elon Musk telling CNBC, "It's prudent for us to start with a small number, confirm that things are going well, and then scale it up." Tesla says it will have just 10 robotaxis on the street at launch. The company has already been testing its system, however. Earlier this year, Tesla said that its FSD system has driven a cumulative total of 3.6 billion miles, nearly triple the 1.3 billion cumulative miles it reported a year ago. But the public may not trust the autonomous vehicles yet. "Consumers are skeptical of the full self-driving (FSD) technology that undergirds the robotaxi proposition, with 60% considering Tesla's full self-driving 'unsafe,' 77% unwilling to utilize full self-driving technology, and a substantial share (48%) believing full self-driving should be illegal," the May 2025 edition of the Electric Vehicle Intelligence Report (EVIR) said. Self-driving Teslas have already been spotted on city streets with a human riding shotgun ahead of the program's official launch. And now Tesla is confirming that humans will be a fixture as it goes forward. Image source: vanTesla won't be leaving passengers in their Austin robotaxis alone, as the company plans to have a "safety monitor" sitting in the front seat during drives. Musk has claimed in the past that once the robotaxi program is up and running, Tesla owners would be able to earn passive income by allowing their Teslas to operate autonomously as taxis, without human intervention. However, the "safety monitor" isn't an abnormal safety feature for an autonomous vehicle. Waymo tested its vehicles for six months with a driver and for six months without one in Austin before it launched its commercial service earlier this year, according to Electrek. Related: Tesla takes drastic measures to keep robotaxi plans secret A safety monitor is just one of the robotaxis' safety requirements. Riders must agree to a TOS agreement, must have a debit or credit card on file, and can only request rides via the app between 6 a.m. and 12 a.m. within the geofenced area where it's allowed to operate. That geofenced area limits where cars can travel and changes based on the time of day. Only invited users are allowed to download and use the Robotaxi app. While the Cybertruck has had a lot of hype, it has been a massive flop for Tesla. A backlog of reservations helped push Cybertruck out with a lot of momentum, but it can only be described as an epic failure regarding sales. Tesla sold just 7,100 Cybertrucks in the first three months of the year, according to the Wall Street Journal, nearly half of the 13,000 it sold in the fourth quarter of 2024. Tesla sold fewer than 40,000 Cybertrucks in 2024, making Elon Musk's far-fetched prediction of over half a million annual sales look farcical. Electrek reports that Tesla is sitting on $800 million of 10,000 Cybertrucks it can't sell. More on Tesla: Tesla claims rival startup is built on stolen trade secrets10,000 people join crazy Tesla class action lawsuitTesla execs question Elon Musk over controversial X post Mix that with the dismal quarter Tesla just reported, and Musk has a lot of work to do. It reported its worst quarter in years, with auto sales revenue dropping 20% amid falling demand in the U.S., Europe, and China. In the first quarter, deliveries fell 13% year over year to 36,681 vehicles from 386,810. Musk has been promising the robotaxi since at least 2016. Now that it is finally ready to debut, the company needs Musk's latest big swing to be a home run. Related: Tesla's robotaxi rollout is alarming the public, new report shows The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
CNBC
7 hours ago
- CNBC
36-year-old travels the world in a Toyota Tacoma: After 3 years on the road, this is her No. 1 takeaway
In 2015, Ashley Kaye's father died and she inherited her childhood home in Waterford, Wisconsin. At the time, she was 27 years old, working in corporate healthcare and transitioning to a consulting job, where she worked 80 to 100 hours a week. "I worked from home, so I just walked from my bedroom to my office to the kitchen and repeat," Kaye, now 36, tells CNBC Make It. "I was a zombie in those times," While traveling, Kaye met someone on a scuba diving trip in Honduras who helped her realize what she wanted was to leave her career behind and travel full-time. "We just hit it off and chatted the whole time I was there. We spoke about the worst of the worst, the best of the best, and financials, too," Kaye says. "He told me he wished he had done it sooner because it's so much easier and cheaper than you think. That changed everything for me. I went home and worked more and more until I quit the next year." Kaye spent the next three years traveling during the covid-19 pandemic. While on a trip to South Africa, she received unexpected news that her aunt was ill and she'd need to fly back home to Wisconsin. "That flight was probably the moment where not a single ounce of my being was like 'Yay, I'm going home.' It was like, 'I don't want to be here. This isn't it for me.'," she says. "I love being on the islands. I love having the ocean near me. That took away the hesitation I had in previous years about selling the house." While Kaye was back home caring for her aunt, she prepared her childhood home for sale and considered her next move. She thought a lot about trying van life and living and traveling with her dog. "Traveling by plane with a dog just sounded like a terrible idea," she says. "I do a lot of photography, so I knew I wanted something where I could reach tougher destinations." While waiting for the sale of her home to close, a couple reached out to Kaye on Instagram to ask about her time in South Africa. They shared their experience overlanding in a Toyota truck with a camper in the truck bed. Overlanding is a form of self-reliant travel that involves adventuring to remote destinations, typically in a vehicle of some type. After doing a bit of her own research, Kaye was all-in and purchased a Toyota Tacoma truck for $42,934, according to documents reviewed by CNBC Make It. Kaye picked up the truck in South Dakota and drove it back to Wisconsin to finish packing up her home when it officially sold in March 2023. Now that her new home was the truck, Kaye set off on her first adventure: A drive down to Baja California, Mexico. She stayed there for three months and planned out the renovations she would need to make the truck more livable. "My life is kind of like 'the plan is there is no plan.' Most people plan this type of adventure for years. I didn't even have a truck when I accepted the offer on my house," she says. "It was very spur of the moment, so I needed to take a pause and figure things out." While living in Mexico, Kaye found an American company that made the truck bed replacements that would provide external storage and make it easier for her to live and travel in the Toyota Tacoma. But, the installation couldn't happen until September. In the meantime, Kaye learned as much as she could about the truck and the kind of camper she would need. She estimates that she has spent over $50,000 on the renovations. Costs included purchasing a camper, adding solar power, replacing the truck bed, upgrading the suspension, new tires, customizing a bumper, and installing an electric cooler. When the truck was ready, Kaye decided to journey the Pan-American Highway, starting in Denver. The highway stretches from Prudhoe Bay, Alaska to Ushuaia, Argentina. "It's really an incredible way to travel because you get to set your own pace and if you find somewhere that's beautiful and peaceful you can stay as long as you want," Kaye says. "But there's pros and cons to every mode of travel and a lot of red tape and logistics crossing borders. It can be exhausting, especially when you're alone. You have to find a balance that works for you, but overall, it's definitely one of the coolest adventures of my lifetime." Since living and traveling in the truck full-time, Kaye has visited Mexico, every country in Central America, Colombia, Ecuador, Peru, Chile and parts of Argentina. In total, she's been to over 20 countries so far. "I don't want to be a cliché and say it's a dream life because it's a lot of work and there are a lot of things that you need to take care of and maintain," she says. "But it's really incredible to be able to wake up and just look at the map and say, 'Should I go sleep inside this volcano or go to the jungle or go to the beach?' You have a lot of really beautiful options, so I can't really complain." After all this time on the road, Kaye says the biggest lesson she's learned is that life is too short. "Ever since I started traveling, [I learned] life is just too short. You don't have to go and quit your career to travel the world but whatever your dreams and goals are in life just start now and everything else is just figuring out a goal," she says. Kaye says when she was younger, it was her dad who taught her that she was capable of anything. "I grew up with my dad raising me and telling me every day 'You can be anything you want when you grow up and you can do anything,'" she says. "He was 57 when he passed away, so he never even got to retire. His passing taught me how to live life because you never know how much time you have in life."
Yahoo
7 hours ago
- Yahoo
US government weighs selling 16M acres of land to build more housing — but critics call it ‘un-American'
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Owning a home has become increasingly out of reach for many Americans — especially in California. Now, the federal government is proposing a bold, controversial fix: selling off its own land. As part of President Donald Trump's proposed 'Big, Beautiful Bill,' the U.S. government is considering selling more than 16 million acres of federal land in California for housing development. Nationwide, The Wilderness Society says the bill would put more than 250 million acres of public land up for sale. Housing affordability has long been a challenge in the U.S. and many experts blame a fundamental shortage of supply. Federal Reserve Chair Jerome Powell underscored this last year at a press conference, stating, 'The real issue with housing is that we have had and are on track to continue to have, not enough housing.' He also pointed to the difficulty of finding and zoning land in desirable areas, asking, 'Where are we going to get the supply?' Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) A recent analysis indicates a shortfall of 3.8 million homes in America's housing supply. Selling federal land to build homes might ease that shortage — but not everyone is on board. 'The thought of the sale of public lands is pretty un-American,' Katie Hawkins, California program director for the nonprofit coalition Outdoor Alliance, told CBS News Sacramento. Even a Republican lawmaker is sounding the alarm. "It is so important that any decisions made regarding the acquisition or disposition of these lands be made only after significant and meaningful local input," Rep. Kevin Kiley (R-CA) recently told Congress. California has long been notorious for its sky-high cost of living — and housing is a major reason for that. According to data from real estate brokerage Redfin, the median sale price of a home in the U.S. was $441,738 in May 2025. In California, that figure jumped to $859,100 — nearly double the national median. That kind of price tag puts homeownership out of reach for many residents. A recent study found that U.S. buyers need an annual income of $213,447 to afford a typical home in the Golden State. But this affordability crisis isn't limited to California. Home prices across the country have soared. Over the past five years, Redfin data show the median U.S. home price has surged by 48%. Despite elevated prices, real estate remains one of the most sought-after assets — and for good reason. It's a tangible, income-generating investment that has historically held its value during periods of inflation. When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts with inflation. Investing legend Warren Buffett has long pointed to real estate as a prime example of a productive, income-generating asset. In 2022, he famously said at an annual shareholders meeting that if you offered him '1% of all the apartment houses in the country' for $25 billion, he would 'write you a check.' Read more: Rich, young Americans are ditching the stormy stock market — Why? Because no matter what's happening in the broader economy, people still need a place to live and apartments can consistently produce rental income. The good news? You don't need billions — or even the budget to buy a single property outright — to start investing in real estate today. Crowdfunding platforms like Arrived offer an easier way to get exposure to this income-generating asset class. Backed by world class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants. The process is simple: Browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving any positive rental income distributions from your investment. Another option is Homeshares, which gives accredited investors access to the $35 trillion U.S. home equity market — a space that's historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Millions of Americans now sit on a stunning $35 trillion in home equity — here's 1 new way to invest in responsible US homeowners This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
