Apple reportedly looking to buy Cobalt directly from miners. The metal is used in lithium-ion batteries in Apple's devices, but it can also power electric vehicles. Shares of Apple up half a percent on Wednesday. Inverse Technology Reporter Mike Brown explains how this move might help Apple further its dominance in the tech space.
"There's a race at the moment for supplies over the coming few years," says Brown. Electric vehicles use about 1,000 times as much Cobalt as smartphone devices.
"It would be the first time Apple secured its own Cobalt supply so it could help to re position itself as a company, rather than going to factory manufacturers that deal directly with suppliers itself," says Brown.
Fintech company Square, led by the now-former Twitter CEO Jack Dorsey, will undergo a name change to Block as it expands its product offerings and goes beyond just a payment processing platform into blockchain and crypto spaces.
Jill and Carlo discuss what appears to be the beginning of the end of Roe v. Wade, another victim dies following the school shooting in Michigan, Omicron in the U.S., Trump's Covid chronology and more.
Jack Dorsey has stepped down as CEO of Twitter, saying he believes the social media platform is "ready to move on from its founders". The move has many wondering where Dorsey will focus his attention next, as he is still CEO of his financial payments company Square, which is heavily involved in cryptocurrency. Doug Astrop, managing partner at Exponential Investment Partners, joined Cheddar to discuss what Dorsey's resignation means for tech investors, particularly within the crypto space.
Astra founder, chairman, and CEO Chris Kemp spoke to Cheddar's Kristen Scholer about his company's first successful launch into orbit last month, becoming the fastest space company to reach orbit using a privately developed liquid-fueled rocket. He also noted that the company's priority is to "improve life on Earth from space" by rapidly increasing the number of low-orbiting satellites to do everything from connecting people to monitoring weather patterns.
Once again, YouTube is releasing its annual list of the top trending videos and music videos that had people in the U.S. talking. Madeline Buxton, trends expert for YouTube joins Cheddar News to discuss.
Stocks closed at session lows Wednesday as investors grew skittish over the first reported case of the COVID-19 omicron variant in California. Josh Sailar, Partner at Blue Zone Wealth Advisors, joins Cheddar News' Closing Bell to discuss investor worry over the new variant, the Fed dropping the word 'transitory' to describe inflation and potentially speeding up their asset tapering timeline, 2022 predictions, and more.
