Are measures like GDP an accurate way to measure the success and growth of a country? David Pilling, Africa Editor at The Financial Times and author of, "The Growth Delusion," says GDP is outdated and has not been updated since the technological revolution.
Pilling joins Cheddar to explain that GDP was initially invented during the manufacturing age and no longer accurately measures production and progress in the technological age. Pilling does not advocate for a full removal of GDP, but he does believe that leaders rely too heavily on it.
Pilling argues that we need to find a better way to measure tech contributions.
A prosecutor opened a criminal fraud trial Wednesday by telling jurors that FTX founder Sam Bankman-Fried was on top of the world a year ago, hobnobbing with people like football star Tom Brady and ex-President Bill Clinton, before his historic fraud was exposed, leaving customers and investors without at least $10 billion they thought was secure.
Staying on top of your personal spending shouldn't be as complicated as you think. Lazetta Braxton, a certified financial planner, joined Cheddar News to provide tips on how to track that spending, such as grouping expenses into different categories.
Uber is adding a new task to its list of services: mailing consumers' return packages.
United Airlines said it's buying about 110 more planes from Boeing and Airbus.
Data shows auto sales rose in the third quarter.
Netflix is planning to raise prices, according to The Wall Street Journal.
Studies show about half of Americans will experience a layoff in their lifetime. Cheddar News' Ready4Work docuseries on Thursdays at 8:30pm provides tips in its latest episode on what to do if you get that pink slip.
The Biden administration announced a series of indictments and sanctions in connection with fentanyl trafficking.
Tens of thousands of unionized healthcare workers at Kaiser Permanente are walking off the job Wednesday.
A federal judge in New York has dismissed a lawsuit that accused McDonald’s and Wendy’s of misleading consumers with ads that show bigger, juicier burgers than their restaurants actually serve.
