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Why the global soil shortage threatens food, medicine and the climate

Soil can be considered black gold, and we're running out it.The United Nations declared soil finite and predicted catastrophic loss within 60 years."There are places that have already lost all of their topsoil," Jo Handelsman, author of "A World Without Soil," and a professor at the University of Wisconsin-Madison, told CNBC.The impact of soil degradation could total $23 trillion in losses of food, ecosystem services and income worldwide by 2050, according to the United Nations Convention to Combat Desertification."We…

How the U.S. Space Force plans to police outer space

Outer space is getting crowded, with both commercial endeavors and secretive military projects. And it's going to be up to the newest United States military branch, the Space Force, to protect American interests there.Space launches in the U.S. have been on the rise, and participation by private companies has increased over the last decade. What's more, satellite imaging in the ongoing war between Ukraine and Russia has underscored the importance of space-based assets, both commercial and military."We've been…

Walmart bets its stores will give it an edge in Amazon e-commerce duel

BENTONVILLE, Arkansas — Walmart's cavernous stores are known for aisles of low-priced groceries, paper towels and apparel.Now, those big boxes are hubs for its e-commerce business, serving as launch pads for delivery drones, automated warehouses for online grocery orders and departure locations for direct-to-fridge drop-offs. Eventually, they will help pack and ship goods for individuals and independent companies that sell on Walmart's website through its third-party marketplace."The store is becoming a shoppable…

The benefits of major cities amid remote work and rent inflation

Many renters believe that a cost-of-living crisis is brewing in America's major cities.New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41% increase from one year ago, according to Zumper.Sudden, double-digit rent spikes are hitting other hubs, including Chicago, Los Angeles, and Austin, Texas. Zumper data shows that growth is particularly strong in Sun Belt cities such as Miami, where rents have risen to $2,700 a…

How relocating Americans created new inflation hot spots

Americans moved around a lot over the past two years, and those destinations also now happen to have the highest inflation rates in the U.S."We saw right away that inflation was highest in Phoenix and lowest in San Francisco," Redfin deputy chief economist Taylor Marr told CNBC.The relationship between migration and inflation has strengthened significantly as more people relocate from expensive coastal cities to more affordable metro areas, according to an analysis released by Redfin, the real estate broker.Phoenix is one…