Food trucks in the U.S. have taken many forms, but have long been a popular option for dining. Now as the coronavirus pandemic alters the way we interact and engage with others, these kitchens on wheels may have a new function, especially on college campuses.
Rod Keller, CEO of the electric vehicle manufacturer AYRO is jumping at the opportunity to capitalize on the niche industry in a partnership with Gallery Carts. The new collaboration will combine AYRO's expertise in developing electric vehicles with Gallery's expertise in creating food delivery vehicles.
"Colleges are faced with, 'Well how do we provide food and beverage while at the same time, avoiding the mass crowds that you would typically see inside of a cafeteria?'" Keller told Cheddar.
So far, more than $500,000 has been poured into the collaboration as orders for the vehicles continue to amass. Keller said he's confident that as universities and other large campuses seek safer ways to feed their communities amid the pandemic, the need for their services will grow.
AYRO is also banking on buyers in higher education considering the long-term savings electric vehicles can provide. Keller said its electric vehicles save fleet operators at least 50 percent on fuel and energy costs.
"When people are moving cargo from one side of a university to another, or business campus, or hotel and resort, you don't need a full-sized truck with 400 miles of range running on gasoline to do that," Keller said.
The leading gaming organization and lifestyle brand 100 Thieves just raised $60 million in new funding closing its Series C. This new round of funding has raised the valuation of the organization to about $460 million. John Robinson, president and COO of 100 Thieves, joins Cheddar News to talk about what's next for the company.
The Quorum and Cultique released a new study where moviegoers weighed in on their attitudes on going to the theater right now. Linda Ong, founder of Cultique, and David Herrin, founder and CEO of The Quorum, join Cheddar News to discuss what moviegoers need in order to head back to theaters.
The nation's largest vacation rental management company, Vacasa, made its public debut on the Nasdaq via a SPAC merger with TPG Pace Solutions. CEO Matt Roberts joined Cheddar to talk about the company's better-than-expected success and the plans to leverage its IPO to expand the business and refine Vacasa's tech. He noted that with five million second homes across the country, the company has much more room to grow as it currently has just 35,000 rental properties in 400 locations available. Roberts also said that there has been no impact on bookings due to the omicron variant of COVID-19.
Marvel's "Shang-Chi and the Legend of the Ten Rings" is gearing up for a sequel following its earlier this year topping the domestic box office to date. Destin Daniel Cretton will return to write and direct while also taking on additional projects in a multi-year deal.
Online platform Assemble is looking to provide career instruction and inspiration to Black, Indigenous, People of Color (BIPOC) of all age groups for access to industries they might not have been privy to prior. Actor, activist, and one of Assemble's three co-founders, Jesse Williams, and CEO Cortney Woodruff joined Cheddar's "Between Bells" to discuss the Assemble mission and what people can expect from the program. "There's a lot of jobs that folks don't know even exist in the first place, and what we know is that there are incredible innovators at the peak of their field that are Black and brown – in every single field," Williams noted.
Payoneer CEO Scott Galit joined Wake Up With Cheddar to talk about the company's partnership with Walmart to provide working capital to retailers on Walmart's marketplace.
As the country continues to bounce back from the job losses felt at the start of the pandemic, businesses are still struggling to fill jobs, mainly due to the record number of people who have voluntarily left the workforce. and experts say that the challenge of finding the people to fill those roles will likely follow us well into 2022. Beth Ann Bovino, U.S. Chief Economist at S&P Global Ratings explains what’s behind the ‘Great Resignation’.
Between uncertainty over the Omicron variant, and the possibility of a sooner-than-expected taper from the Fed, it was an especially volatile week for the markets. The release of the November jobs report on Friday, with job growth coming in way lower than estimates also caused movement on the market. Frances Stacy, Director of Strategy at Optimal Capital explains why all of this, combined with Bitcoin’s huge drop over the weekend, could make for another rough week for investors.
It was a chaotic week for the market, as investors reacted to the new omicron variant. Today though is all about jobs. Just ahead of the November jobs report, David Riley, Chief Investment Strategist at Blue Bay Asset management gave a run down of what to expect from the report, and what it could mean for investors.
Developers for the video game "Call of Duty: Warzone" staged a walkout in protest of 12 quality assurance testers being laid off by parent company Activision Blizzard. This marks the latest work stoppage for the embattled game publishing giant.
