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.
The U.S. jobs report fell way short of economist projections after adding just 210,000 in November compared to the expected 550,000. William M. Rodgers III, the VP and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis, joined Cheddar to break down the jobs report and explained that while added payrolls didn't meet expectations, the economy is still progressing as the unemployment rate also fell 4.2 percent. "One month doesn't make a trend," Rodgers added. He did note that from an equity standpoint inflation is a cause for concern for middle and low-income families, as holiday season price hikes are expected to hit them hard.
Neal Sarin, founder of music therapy app 'Sona,' joins Cheddar News to discuss how the platform aims to reduce anxiety symptoms with the goal of FDA approval
It's Friday at long last. Jill and Carlo cover the latest on Omicron, including a possible superspreader event in NYC. Plus, previewing the November jobs report, a new Zoom feature no one asked for, and when it's no longer a good idea to eat Thanksgiving leftovers.
Square is changing its name to Block. It comes as the company expands beyond its original credit card reader business and into blockchain and crypto technology.
The name change will go into effect on December 10th, and the company says the name change, "creates room for further growth." Jim Anderson, CEO, SocialFlow joined Cheddar Movers to discuss.
