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.
Cheddar senior reporter Michelle Castillo dives into the aftermath of what the NCAA's changing stance on student-athletes profiting off of their name, image, and likeness.
Mercedes-Benz is bringing its first all-electric luxury vehicle brand, EQS, to the United States. Cheddar's Chloe Aiello takes a spin and reports.
An activist investor is pushing department store chain Kohl’s to either sell the entire company or spin off its e-commerce division.
Stocks closed solidly higher on Wall Street Monday, aided by a broad rally that included travel-related companies that stand to benefit from more reopening of the economy. The S&P 500 rose 1.2%, making up nearly all the ground lost last week.
The American Truck Driver Association estimates it will have to replace one million truck drivers over the next decade. But the problems are becoming especially dire now with mounting supply chain issues.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Cheddar has been covering the biggest news of the week with some of the biggest names in the biz. In case you missed it, we've pulled together some of the highlights that will keep you informed as we get ready for the week ahead.
Cheddar News visited the Amazon Fulfillment Center in Robbinsville, New Jersey and spoke to Amazon global communications director Rena Lunak to learn more about how its prepared for the supply chain crunch this holiday season.
Despite missing estimates on job gains by a wide margin, the November 2021 jobs report from the Labor Department shows an economy trudging along toward its pre-pandemic state.
Wall Street closed out a bumpy week with more losses on Friday following a mixed reading on U.S. jobs markets that investors said was tough to parse. The S&P 500 gave up an early gain and closed 0.8% lower.
