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.
Pinterest combed through its millions of searches to determine the top trends for 2022. Its finds included the resurgence of goth fashion, decorating your home with your pandemic pet in mind and the rise of "alt bashes," parties that celebrated life's quirky moments from divorces to empty nesters. Pinterest head of core research Larkin Brown joined Cheddar News' Michelle Castillo to discuss this year's report.
Prices were up 6.8 percent year-over-year In November, according to the latest consumer price index from the U.S. Bureau of Labor Statistics.
A late wave of buying sent stocks to solid gains on Wall Street Friday, sending the S&P 500 to another record high.
Starbucks workers have voted to unionize at a store in Buffalo, New York over the company’s objections, pointing the way to a new labor model for the 50-year old coffee giant.
A Massachusetts cannabis company is celebrating National Brownie Day with what it believes is the “largest THC-infused brownie ever made.”
The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the U.S. job market is recovering from last year’s coronavirus recession.
Stocks closed lower on Wall Street Thursday as investors tapped the brakes after three days of gains.
Congress got a crash course in crypto on Wednesday, as six executives from companies representing a cross-section of the digital economy answered questions from the House Financial Services Committee.
In the spirit of the holidays, Cheddar presents the 12 days of the top terms of 2021.
Kellogg’s workers have overwhelmingly rejected a new contract that would have given them 3% raises, so the strike that began Oct. 5 will continue at the company’s four U.S. cereal plants.
