FoodieTrip wants you to eat like a local, no matter where you are in the world. The New York based start-up is the first peer-to-peer marketplace that connects travelers with local food guides all around the globe.
FoodieTrip is in 115 international cities, and tours range from speakeasy adventures in New York City and exploring the local dumpling scene in Xian. Matan Magril is the CEO of FoodieTrip, and he joins Cheddar to explain how his business is growing.
Magril was excited to start the company after falling in love with the local cuisine in Vietnam. He felt that every traveler should have the opportunity to eat like a local and explore unique and authentic cuisine when they travel.
With experiential travel on the rise, he may be onto something. Skift estimates that culinary tourism will hit $170 billion annually by 2020.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
There is a new player in the mobile app stock trading space.
Zingeroo recently announced a funding round of $8.5 million. The company says it aims to bring 'friendly competition' to stock trading, by literally breaking trading down into daily and weekly competitions between friends. Zingeroo also says it hopes its new approach can make trading more accessible, educational, and social than ever before. Zingeroo co-founder and CEO Zoe Barry joins Cheddar News' Closing Bell for more.
Sweta Chakraborty, U.S. President of We Don't Have Time and climate change expert, joins Cheddar News to discuss how mining the proper resources for the clean energy sector is crucial.
Throughout 2021, several Americans found themselves finding a renewed emphasis on what work-life balance looked like. The labor market experienced several people either quitting their jobs or leaving the workforce altogether. Editor at Labor Notes Alexandra Bradbury, joined Cheddar to discuss more.
Whitney Johnson, CEO of human capital consultancy Disruption Advisors and author of 'SMART GROWTH: How to Grow Your People to Grow Your Company', joins Cheddar News to discuss the rise in entrepreneurship and explores new opportunities to grow personally and professionally.
Two major high profile cases on opposite ends of the country, as they both now lie in the hands of the jury. In New York, jury deliberations continue in the sex trafficking trial of Jeffrey Epstein's longtime partner, Ghislaine Maxwell. Jurors in the Ghislaine Maxwell trial will be back to deliberate just a day after the judge told asked them to stay for an extra hour, as they signaled they're still far from a verdict in that sex trafficking case. The Elizabeth Holmes jury also apparently no closer to a verdict after five days of deliberations as well. Florina Altshiler criminal defense attorney & former prosecutor spoke to Cheddar about the latest on the cases.
