Graydon Carter Backed Media Platform 'Zig' Launches
People consume media from thousands of different websites, but one new platform wants to become your single source of content. Zig combines millions of stories from around the internet and feeds it back in one single stream.
Joshua James and Adam Platzner, Co-Founders of Zig, explain how they plan to stand out from major media players such as Facebook and Twitter. As Facebook moves away from news, James says they plan to fill the void.
Graydon Carter, former Vanity Fair Editor-in-Chief, is an initial investor in the company. Patzner says Carter has been an invaluable source for direction and information. He helped the company's leaders realize that "politics is pop culture," and also helped expand the content offerings on the platform.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
