Cheddar Senior Reporter Alex Heath joins Kristen Scholer and Baker Machado to discuss Mark Zuckerberg's latest New Year's resolution...to "fix Facebook." This is the least specific he's been about a New Year's resolution since he starting making them publicly in 2009.
Facebook has certainly faced backlash after being accused of spreading misleading information. Heath talks about what problems Zuckerberg will need to address in 2018 and some challenges ahead for the company.
Plus, how damaging is Intel's chip issue to Apple? Heath says Apple shouldn't be worried. It was already working towards eliminating the need for Intel chips, and this will just put the cherry on that decision. However, he says Intel needs to worry because chips are the core of its business.
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.
