A car loses about 10% of its value as soon as it's driven off the lot. And within the first three years, that number goes up to 50%. Depreciation — the rate at which that happens — is one of those numbers everyone in the automotive world thinks about including consumers, automakers and the massive used car market, which made up somewhere around 35.2 million in 2022 — compared with 13.8 million new cars. But the Covid-19 pandemic turned the used car market upside down — constrained production and supply chain shortages sent prices skyrocketing, and increased for about two consecutive years, unprecedented for the industry. Those odd times have led to lasting changes, and industry insiders say it is likely to stay that way. 01:22 - Intro: - Why cars depreciate so fast 01:31 - Chapter 1: - How depreciation works 05:16 - Chapter 2: - Down from there 07:39 - Chapter 3: - Unprecedented times 09:13 - Chapter 4: - Why cars are worth more today Producer: Robert Ferris Editor: Darren Geeter Animation: Christina Locopo, Jason Reginato Senior Managing Producer: Tala Hadavi Additional footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Why Cars Lose Their Value So Fast

Smartphones. Cars. Toasters. Fighter jets. While vastly different on the outside, all four items share something similar on the inside: semiconductors. "There's no tech industry without semiconductors," said Stacy Rasgon, senior semiconductor analyst at Bernstein Research. Semiconductors represent a $574 billion industry globally and are on pace to cross the trillion-dollar mark by the end of the decade. The industry has been caught in the crosshairs between the U.S. and China, two of the world's largest economies. The U.S., which leads the world in global semiconductor market share, recently issued sweeping restrictions on the sale of advanced chips and chipmaking equipment to China, in an attempt to restrict Beijing's access to critical technologies. The Biden administration has said the export controls are aimed in part at preventing the use of American-made chips in China's military. China, meanwhile, has accused the U.S. of abusing export restrictions to impede the country's technological advances. "We cannot allow China to have our most sophisticated semiconductor chips for use in the Chinese military," U.S. Secretary of Commerce Gina Raimondo said in an interview with CNBC on Oct. 30, 2023. "That's where we've drawn the cut line." Watch the video above to find out more about how the semiconductor industry became the centerpiece of a technological tug-of-war between the U.S. and China, and what the potential implications are for companies caught in the middle of it all. Chapters: 0:00 Introduction 1:37 The race for technological supremacy 4:48 The battle over chips 6:31 Impact of U.S.-China tec war 10:34 What’s next? Produced by: Jeff Huang Edited by: Kevin Heinz Graphics by: Christina Locopo Narrated by: Jordan Smith Supervising Producer: Jeff Morganteen Additional Footage: Getty Images, Reuters » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How The Escalating U.S.-China Tech War Could Hurt American Companies

SpaceX launched its first batch of Starlink satellites back in 2019, and since then, adoption of the service has ballooned. Watch the full video to learn how the service has also become indispensable in areas hit by natural disasters, and, more recently, during times of war, particularly the Russia-Ukraine war: https://youtu.be/SVgVzEVeP4Q

The Airbus A380 made its first commercial flight in 2007. When it debuted, it overtook the long reigning Boeing 747 as the world’s biggest passenger plane. It has four engines and is a full double-decker that can carry over 800 people depending on the airline. The plane’s huge number of seats was seen as key in helping to free up the air traffic overcrowding at several big airports such as London’s Heathrow, New York’s JFK and Chicago’s O’Hare. But orders for four engine aircraft began to decline alongside the arrival of more fuel-friendly planes such as Airbus’s own A350 and Boeing’s 787 Dreamliner. The European plane maker Airbus announced an end to its A380 superjumbo program just 12 years after it first took to the skies. During the Covid-19 pandemic it was one of the most heavily impacted fleets due to its sheer size and cost to operate it, along with a near-halt to international long-haul travel. Many said it was the end for superjumbos, but the A380 has been making a comeback with several airlines pulling planes out of retirement. Airbus expects the A380 to be flying for the next two decades and is currently still being operated by 10 airlines including Emirates, Lufthansa, Etihad Airways and British Airways. CNBC explores how the A380 became the biggest passenger plane in the world and what the future looks like for the massive jet. Chapters: 2:44 Development 6:32 Commercial service 9:53 Challenges 11:33 The future Produced, shot and edited by Erin Black Additional Camera by Maggie Petrova Animation by Gene Kim Supervising Producer Jeniece Pettitt Editorial Support by Leslie Josephs » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Why The Airbus A380 Is Making An Unlikely Comeback

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The holidays can be stressful especially for people with existing mental health issues. The American Foundation of suicide prevention shares some way you can cope with the disruptions to your routine. Subscribe to FOX 32 Chicago: https://www.youtube.com/fox32chicago?sub_confirmation=1 Watch FOX 32 Chicago Live: https://www.fox32chicago.com/live FOX 32 Chicago delivers breaking news, live events, investigations, politics, entertainment, business news and local stories from Chicago and across the nation. Watch more FOX 32 Chicago on YouTube: FOX 32 Headlines: https://www.youtube.com/playlist?list=PL2-nR6U1joOT92lWD_QLYoNijiDo9uYaP Good Day Chicago: https://www.youtube.com/playlist?list=PL2-nR6U1joORm02SSjflpEVzL0ydEqeFu Special reports and stories: https://www.youtube.com/playlist?list=PL2-nR6U1joOTGGgDx9B31HcT9IM60Al0- Download the FOX 32 Chicago News app: https://fox32chicago.onelink.me/KNQ9?pid=social&c=youtube&af_web_dp=https%3A%2F%2Fwww.fox32chicago.com%2Fapps Download the FOX 32 Chicago Weather app: https://www.fox32chicago.com/apps Follow FOX 32 Chicago on Facebook: https://www.facebook.com/Fox32Chicago/ Follow FOX 32 Chicago on Twitter: https://twitter.com/fox32news/ Follow FOX 32 Chicago on Instagram: https://www.instagram.com/fox32chicago/ Subscribe to the FOX 32 Chicago newsletter: https://www.fox32chicago.com/newsletters