When it comes to older relatives using technology, the hardest challenge is finding them devices they'll actually use. Family Circle Magazine's Lynya Floyd joins Cheddar to reveal the easiest tech solutions for the senior loved ones in our lives. She discusses why the issue is so important as millennials get older, and become caregivers in their own right.
Floyd says it's always best to start with smartphones when thinking of the right tech for seniors. She recommends an easy-to-use device called Jitterbug. Technology can help make it easier for people to maintain their independence as they get older.
Some everyday gadgets like Roomba, Nest, and Amazon's Alexa are a perfect fit for older people. Floyd says their simple interfaces will ensure your relatives actually use them. We also learn about a company that ensures people never forget to take their medications at the right times.
Apple is on the verge of becoming the world's first-ever $3 trillion company as shares of the iPhone maker are inching closer to $182.86. Joel Hawthorne, head trader and CEO of The Morning Snapshot, joined Cheddar to discuss Apple's success and how the tech giant will continue to innovate. "One thing that we have to keep in mind is this stock somewhat moves like its own ETF," he said, describing the company as almost a "safe bet" for long-term investors.
Gabe Pincus, president of the investment advisor GA Pincus Funds, joined Wake Up With Cheddar to break down what's happening with meme stocks, as retail trader favorites AMC, GameStop, and Bed Bath & Beyond all moved sharply lower on Monday. He noted that even with the drop there is still room for the meme stocks to tumble even more. "They're still up 500 percent, 800 percent, 900 percent from their all-time lows, so there's plenty more room for them to go down," said Pincus.
While people have been spending more time on their phones throughout the pandemic, a new report shows they were also spending more money as well. A review from Sensor Tower on the global app ecosystem this year found that the app economy will see record consumer spending in 2021, up nearly 20% from 2020. Sensor Tower director of sales and financial institutions Anthony Bartolacci joins Cheddar News' Closing Bell to break down the report.
The future of gambling in Florida recently suffered a major setback after a federal appeals court rejected a request from the state and the Seminole Tribe to allow online sports betting in the state. Now, the tribe has been forced to stop taking bets on its Hard Rock sportsbook app. ESPN gaming writer David Purdum joins Cheddar News' Closing Bell to discuss what this could mean for the future of sports betting in Florida.
