Apple has apologized for slowing down older iPhones and temporarily dropped prices for a replacement battery, but will it be enough to make customers happy? Zac Hall, Editor at 9to5Mac joins Cheddar to discuss.
The tech company said it issued a software update that slowed down older phones in some situations to extend battery life. Along with Apple's apology, the company also promised a new iOS update to fix the software issues. Hall says this blunder is worse than 2010's "antenna-gate", in which iPhone 4 users had issues with dropped calls.
In addition, Hall makes a few predictions on when the HomePod will be available for purchase and new phones on the docket for 2018. He talks about what investors are looking for in 2018 and how Apple will continue to dominate the tech space.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
