Author: Editor

If you ask tech workers what people misunderstand about working in their industry, they’ll tell you — plenty.In interviews with Business Insider, tech professionals from companies including Amazon, Google, and Snap challenged assumptions that their jobs are mostly coding, that AI has made their work easier, and that Big Tech is the only worthwhile career path. Some focused on misconceptions held by people outside the industry, while others pointed to misunderstandings from people already working in tech.These professionals — including engineers, data scientists, and product managers — are working in an industry that’s changing rapidly. They say many people’s understanding…

Netflix is leaning into snack-sized content as it seeks to claw viewing time from YouTube.The streaming giant is bringing more short videos to its app as part of licensing deals with major publishers, including BuzzFeed Studios, Condé Nast, Hearst Magazines, Penske Media, and People Inc., Netflix said Tuesday. Starting in early August, subscribers can watch videos ranging from 3 to 20 minutes from brands like Bon Appétit, Cosmopolitan, The Hollywood Reporter, Variety, and Vogue. The videos center on topics like travel, cooking, and fashion.Netflix has been investing in video podcasts and short-form vertical video to better compete with YouTube, which…

A Manhattan high-rise that once served as Pfizer’s global headquarters is at risk of collapse on Tuesday after New York City officials said the tower continued to shift hours into a massive emergency response that triggered multiple evacuations.City officials warned at a Tuesday afternoon press conference that conditions at the under-construction 38-story building at 235 East 42nd Street were “extremely serious” and “dangerous.””The concern is that since we have been on site in the early morning, we have seen continued shift of the structure,” New York City Mayor Zohran Mamdani said. The 38-story tower at 235 East 42nd Street.  FDNY New…

OpenAI is making a bigger play for investment banking.The AI company is seeking someone with two or more years of investment experience to join its Applied AI team in San Francisco as a “subject matter expert.””You will bring deep, current knowledge of how investment banking work is actually performed, including company and industry research, financial analysis and modeling, valuation, diligence, transaction execution, and the creation and review of client materials,” the company wrote in its description of the role.Base pay starts at $185,000 a year and can go up to $205,000 with equity offers on top of the salary. OpenAI…

Toyota is planning a $3.6 billion expansion of its Texas truck assembly plant. President Donald Trump took credit for the investment.On Monday, the automaker announced the multibillion-dollar investment to add a second vehicle assembly line at its San Antonio manufacturing campus to support production of the Tacoma pickup. Toyota said the expansion project would shift some of the midsize truck’s production from its Mexico plants to San Antonio over roughly 4 years. Toyota will still build some Tacoma models and the Corolla in Mexico.While Toyota did not attribute the expansion to tariffs in its announcement and the company is not…

It may have been the priciest per inch, but if I’m paying at least $35 for a custom ice-cream cake, I’d rather spend on something unique and made-to-order.The Cold Stone Creamery dessert had actual cake, the most velvety ice cream, and endless customizable features, including more than 35 mix-in options and a dozen ice-cream flavors.Above all else, this chain’s ice cream tasted the best, in my opinion. And, although I was skeptical at first, the springy devil’s food cake made this dessert feel complete.Plus, it could reasonably be left out for a bit if needed, thanks to the substantial bottom…

Stellantis plans to offer the Fiat Topolino, an all-electric quadricycle vehicle, in the U.S.StellantisDETROIT — Chrysler parent Stellantis on Tuesday said it has opened ordering for its small Fiat Topolino electric vehicle in the U.S., starting at $13,995.While the Topolino resembles a small car such as the Fiat 500, the EV is actually a quadricycle that functions more like a golf cart.Stellantis said the Topolino is capable of going 19 mph, with an electric range of up to 46 miles. A low-speed vehicle conversion kit can boost the top speed to 25 mph to make it street legal on roads with…

A motherboard from one of Rivian’s all-electric vehicles.Michael Wayland / CNBCRivian Automotive stock plunged more than 10% during early trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock.The capital raise occurred during extended hours trading after Rivian shares rose 8.1% on Monday. The stock also increased 19% last week.Based on Monday’s close of $20.14 per share, Rivian would raise roughly $1.51 billion with the offering. Rivian ​said in a filing that it plans to use the proceeds ​to fund equity contributions as part of a loan ⁠agreement…

Michael Burry hit back at President Donald Trump after the US leader jeered at short sellers on Monday.Speaking at a White House luncheon to mark the launch of Trump Accounts, Trump hailed the “hottest stock market in history” and pondered aloud whether anyone wasn’t enjoying the ride.”I guess you have a couple of guys that went short, those poor bastards,” he said. “I mean, they’re in big trouble. They’re being wiped out.””I never like short guys because they’re betting against the country,” Trump added.Burry — the investor of “The Big Short” fame who’s known for betting against stocks such as…

A version of this article appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.After several years of a lean and pricey housing market that largely favored sellers, buyers are finally regaining leverage and pulling the market back into balance.In the second quarter of the year, 44% of real estate agents surveyed in CNBC’s Housing Market Survey said they were seeing a balanced market…