Apple under fire after two Apple investors urged the company to step up and play a bigger role in managing smartphone overuse and addiction. David Benoit, Activism Reporter at The Wall Street Journal, was with us to discuss why Jana Partners has decided to push Apple to develop tools and research the effects of smartphone overuse by young people.
Benoit says the investors aren’t saying its necessarily Apple’s responsibility to monitor phone usage. Instead, he thinks they believe that Apple could play an important role in acknowledging that they aren’t sure what the impact of all this phone usage will be, but could score points by giving parents the option to monitor usage.
Activist investors typically focus on things like buybacks and acquisitions. Benoit says this move by Jana Partners to take a stance on corporate responsibility is very different. He thinks following Jana's advice could help protect Apple from potential backlash on teen iPhone usage. In addition, Benoit says goodwill could help drive future sales if consumers feel Apple made a phone that is safe for kids.
While calls for more crypto education are common in an industry that is often explaining itself, the idea that everyone should be learning more about crypto is beginning to spread.
The U.S. has opened a formal investigation into the potential for Tesla drivers to play video games on a center touch screen while the vehicle is in motion.
Stocks closed higher on Wall Street Wednesday, adding to the week’s gains ahead of the Christmas holiday.
A strike at Kellogg that has gone on since early October has ended after workers voted to ratify a new labor contract at the company’s four U.S. cereal plants.
While supply chain issues may delay items you ordered for the holidays, Amazon is confident its investments in logistics, workforce labor, and stock will ensure you get that package in a timely manner.
This year, consumers might not be as surprised by what's under their trees as by the trees themselves. Despite a tighter market for trees, Stew Leonard's was able to secure its entire stock of Christmas trees from a supplier in Quebec. But some prices jumped this year as a result of increased costs for shipping and labor amid the COVID-19 pandemic.
Toys "R" Us opened its U.S. flagship location in American Dream, a megamall based in East Rutherford, N.J., on Tuesday.
Electric and hydrogen-powered truck startup Nikola has agreed to a $125 million settlement over charges that it defrauded investors after misleading them about its products, technical advances, and financial prospects.
California prosecutors say retail giant Walmart illegally dumps more 1 million batteries, aerosol cans of insect killer and other products, toxic cleaning supplies, electronic waste, latex paints and other hazardous waste into California landfills each year.
While there are many places where you can buy weed, there are very few places where you can publicly smoke it. One Denver business owner is looking to change that. The Patterson Inn was recently the first, and only, business to apply for the newly available hospitality license. Natalie Fertig, cannabis policy reporter at Politico, joins Cheddar News to discuss the future of the cannabis industry.
