Retail sales were higher than expected in July.
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Sports Betting Brands Scaling Back Ads As Stocks Stumble
Sports betting has boomed over the past year; but at the same time, sports betting stocks have not been so hot. Now, some sports betting brands are starting to rethink how to spend their money, especially when it comes to ads. It will come after online sports betting brands spent more than $320 million on advertising in 2021, up 38% from 2020, per MediaRadar. Brendan Coffey, sports finance reporter for Sportico, joins Cheddar News' Closing Bell to discuss.
Forge Global Goes Public, Giving Investors Access to Private Market
Kelly Rodriques, CEO of Forge Global, joined Cheddar News to discuss the company's public debut on the NYSE, and the company's mission of providing users access to private market trading.
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need2know-afternoon-edition-032322
Rowing Machine Maker Hydrow Raises $55 Million
Rowing-machine maker, Hydrow, raised $55 million in Series D funding round, led by Constitution Capital. Hyrdow offers a connected rowing machine that costs $2,495. The company's funding round comes as the at-home fitness industry is facing some challenges, due to many consumers returning to gyms after working out at home during the pandemic. Bruce Smith, founder & CEO of Hydrow, joined Cheddar News' Closing Bell to discuss.
Zebec Helping Facilitate Crypto Payment Transactions
Sam Thapaliya, Founder of Zebec, explains the two major problems associated with paying public figures in crypto, and how his firm is best-suited to help facilitate payments within the growing industry.
Multitude of Factors Contributing to Volatility in Crypto Space
Wes Fulford, CEO of Viridi Funds, breaks down how several key headlines, include President Biden's executive order on crypto and rising inflation, are impacting the price of major cryptocurrencies during a volatile period.
Investigators Probe Cause of China Plane Crash
Aviation expert Sally Gethin joined Cheddar News' Closing Bell to discuss the latest on the crash of a Boeing 737-800 NG in China, as investigators look for a reason for the sudden nosedive, and search for any sign of the 132 passengers onboard.
Cresco Labs CEO on Acquiring Columbia Care Creating Largest U.S. Cannabis Company
Fresh off the announcement that cannabis company Cresco Labs plans to acquire rival Columbia Care for $2 billion in an all-stock transaction, CEO Charlie Bachtell joined Cheddar's Chloe Aiello to discuss the deal and the future of the combined companies.
Volvo, Starbucks, and ChargePoint Partner on New Charging Station Initiatives
Volvo electric vehicles will soon be able to charge at Starbucks ChargePoint locations. Anders Gustafsson, head of the Americas for Volvo Cars, Michael Kobori, Starbucks chief sustainability officer, and Pasquale Romano, president and CEO of ChargePoint, joined Cheddar News Wrap to talk about their joint effort to provide more accessibility for electric vehicle charging. “When you pull into the Starbucks, you pull into the parking lot and the chargers will be set up right there so you can pull in, plug in your car, walk into the Starbucks," said Kobori. "And it's a safe location to recharge, to connect to the Internet while you're charging."
