For this week's keep reinventing segment brought to you by HP we are taking a look at a new bike share player in the space. Zagster recently closed a $15 million round of funding, which it plans to use to expand its dockless program to new cities. The company's CEO Timothy Ericson explains how he is taking a conservative approach to the expansion efforts.
"Right now we are really focusing on bring our bikeshare program Pace to communities who are willing to invest in bikesharing in the right way," says Ericson. "This allows riders to pick up and drop off bikes anywhere in the city."
Ericson says Zagster works directly with communities to roll out its program, and integrate it with the transit program. Zagster partners include Princeton University, City of Rochester, and Roanoke.
Eric Mitchell, sports analyst and co-founder & head of media relations at Lifeflip Media joins Cheddar News to discuss how covid-19 is impacting pro sports.
David Slotnick, Senior Aviation Business Reporter at The Points Guy joins Cheddar News to discuss how airlines are handling holiday travel amid the recent coronavirus surge.
A new study from a Russian university finds that LEGO sets can be a lucrative investment, rising in value by 11 percent every year, a faster and better rate of return than gold, stocks, bonds, and wine. Victoria Dobrynskaya, associate professor of finance at Higher School of Economics University and author of the research, joined Cheddar to discuss the findings. "In general, most sets tend to appreciate after they're retired, after you cannot find them in LEGO stores," she said. "They tend to appreciate on the secondary market after a couple of years."
Stocks closed lower to end the day Thursday, the second to last trading day of 2021. The Dow snapped a six-day winning streak, and the S&P 500 was weighed down by chip and energy stocks. This all comes as weekly jobless claims fell to a 52-year low to 198,000. Kevin Riley, Managing Partner at Exponential Investment Partners, joins Cheddar News' Closing Bell to discuss today's close, his 2022 market predictions, the state of business in China, and more.
Daniel Newman, Founding Partner and Principal Analyst at Futurum Research, joins Cheddar News' Closing Bell, where he says the markets are going to feel very uncomfortable receiving news of more potential setbacks for chip manufacturers after already enduring a lengthy chip shortage.
