If you're searching for the future of transportation, look up. Transportation startup Skyryse just completed an end-to-end autonomous helicopter flight, where the pilot never had to touch the controls.
"This is a really large step toward realizing a transportation system in the sky that can one day move us away from the cars and the crumbling infrastructure that is throughout our cities," explained Mark Groden, the company's founder and CEO.
While the helicopter, called Luna, isn't to be overlooked, it isn't the main attraction as far as Skyryse is concerned. That distinction belongs to the Skyryse Flight Stack technology, which the company hopes will revolutionize short-distance air travel. The sector is flooded right now, with as many as 130 companies looking for a piece of the pie, including big names like Uber involved. Skyryse isn't looking to beat them, but assist them.
"What we're focused on is building the technology that will lead to this transportation system," said Groden.
Reliable, widely-used short-distance air travel has seemed like something of a pipe dream until now, but Groden is quick to point out the first automated flight actually took place decades ago, when the Lockheed-1011 safely crossed the Atlantic. The idea of automated air travel isn't a new one, and the CEO believes it will expedite the process of making it a reality.
"The pragmatic approach we're taking, following existing paths that the FAA is already very keen to work with us on, will allow us to realize this in single-digit years, and far sooner than I think a lot of people expect," he said.
A Glassdoor report found mentions of "burnout" in online job reviews have increased by 100 percent over the course of the pandemic. Daniel Zhao, the senior economist for the company, talked to Cheddar about the underlying reasons workers have been expressing themselves about the state of their mental health. "That's really a reflection of the fact that the COVID-19 pandemic has been going on for almost 2 years now, and it's really dragged on," he said. "So workers are increasingly feeling like the lines between their work life and their home life are blurred, and they don't feel like they can get that same balance that they might have been able to get before the pandemic."
Tesla's third-quarter earnings report is expected to beat expectations on both the top and bottom lines amid record-high delivery numbers. The electric vehicle giant hit a record high of 241,000 deliveries - strong numbers amid ongoing global semiconductor and supply chain shortages. This segment is brought to you by Webull. Download the Webull app and start learning, sharing, and investing.
Housing prices are through the roof creating trouble for potential homebuyers, especially first-time owners and minority buyers. Keosha Burns, executive director and senior advisor for community and affordable lending at Chase, is behind the "Beginner to Buyer" podcast. "I really wanted to make sure that we were having an inclusive, diverse, and relevant conversation that helped people determine not just what to do once you get to the table but who are those trusted advisors you should have around you? How much can you actually afford?"
Space exploration is also getting a boost amid all the excitement surrounding space tourism. Satellite launch service provider Rocket Lab secured a partnership with NASA this month to develop a solar sail launch for deep space or interplanetary exploration purposes. Founder and CEO Peter Beck joined Cheddar to discuss the details of the technology and the timeline for launch.
