Cardi B performs at the Bonnaroo Music and Arts Festival in Manchester, Tenn., on June 16, 2019. New York City Mayor Eric Adams announced Wednesday that Cardi B had offered to the financial relief for victims of the Bronx fire. The Grammy-winning artist grew up in the Bronx. (Photo by Amy Harris/Invision/AP, File)
Cardi B has offered to pay the burial costs for all 17 people killed in a fire that ripped through a New York City high-rise.
New York City Mayor Eric Adams announced Wednesday that the Grammy-winning rapper had offered the financial relief for victims of the fire in the Bronx, where she grew up.
Many of the victims had ties to Gambia, and families of several of the victims planned to bury them in their West African homeland. Cardi B has committed to paying the repatriation expenses for the victims who will be buried in Gambia, the mayor's office said.
“I’m extremely proud to be from the Bronx and I have lots of family and friends who live and work there still. So, when I heard about the fire and all of the victims, I knew I needed to do something to help,” Cardi B in a statement. “I cannot begin to imagine the pain and anguish that the families of the victims are experiencing, but I hope that not having to worry about the costs associated with burying their loved ones will help as they move forward and heal. I send my prayers and condolences to everyone affected by this horrific tragedy.”
The fire, which was New York City's deadliest in three decades, was sparked by a faulty space heater, according to authorities.
Exercise equipment maker Peloton is attempting to run away from a recent bout of controversy. CEO John Foley published an open letter to employees on Thursday after reports that said Peloton was pausing production of its Bike and Tread products, delaying the opening of a new U.S. factory, and considering job cuts. In the letter, Foley wrote that the information in the reports was 'incomplete,' 'out of context,' and not reflective of Peloton's strategy. Peloton's stock responded on Friday, with shares bouncing back after falling nearly 24% in the regular session on Thursday. CFRA Research's Director of Research Ken Leon joined Cheddar News' Closing Bell to discuss.
Home essentials maker Outlines announced its launch at the beginning of 2022, along with $1 million in pre-seed funding led by Social Impact Capital. Outlines says it is re-imagining how we keep our homes clean while also reducing plastic waste. The company's debut product, the Shower Liner System, is made of long-lasting materials, including easy-to-recycle plastic. Outlines co-founder and CEO Luke Young and co-founder and COO Megan Ceryanec joined Cheddar News' Closing Bell to discuss.
Simeon Siegel, managing director and senior analyst at BMO Capital Markets joins Cheddar News to discuss CNBC's report that Peloton plans to halt production, despite the company's CEO denying those claims.
Mona Zhang, states cannabis policy reporter at POLITICO Pro joins Cheddar News to discuss major factors that caused Canada's retail marijuana sales to drop last year.
Jackie Rotman, founder and CEO of the Center for Intimacy Justice joins Cheddar News to talk about why Facebook is banning ads by companies targeting women's sexual health but not ads catered to men.
The NCAA has updated its policy on transgender athletes, allowing each sport’s national governing body to make its own decisions for transgender participation. The new rule is in line with recent changes from the U.S. and International Olympic and Paralympic Committees. Joanna Hoffman, communications director of Athlete Ally, joined Cheddar News to discuss the potential impact of the new rule on the transgender community.
"Saturday Night Live" alum Will Forte is hosting the late-night comedy show this weekend alongside musical guest, Måneskin. Forte, who spent a decade working on the iconic NBC show, is currently starring in "MacGruber," the SNL-sketch-turned-movie that is now streaming on Peacock as a tv series.
TikTok recently announced that it is testing a paid subscription model. The news comes days after Instagram publicized a similar service. TikTok has made $2.3 billion from in-app purchases, but mostly through tips, in 2021, showing that its users may be open to spending money on the platform.
The NCAA voted to streamline their constitution at their annual convention on Thursday. Each of the three college divisions can decide how student-athletes can make money from outside sources but still restricts schools from directly paying its players.
