CES About to Kick Off, and Everyone's Talking About the Golden Globes
Tech giants converge on Las Vegas for the 50th Consumer Electronics Show where the latest devices, gadgets, and toys will be on display. One of the major themes this year: Google trying to take away some of the share from Amazon in the digital assistant space.
Plus streaming services take home 5 awards at the Golden Globes, but who's the big winner? Amazon and Hulu took home 2 trophies each, and Netflix picked up one of its own, while Time Warner's HBO brought in 4 for its miniseries "Big Little Lies."
Intel also faces continued fallout from the chip vulnerabilities revealed last week, while SpaceX is getting ready to test fire its Falcon Heavy rocket. And David Letterman's new Netflix show will debut on Friday with former president Barack Obama as its first guest.
Verizon is taking steps to speed up its 5G network in rural areas. The company said it plans to extend its C-band 5G network across a larger suburban and rural footprint, meaning faster speeds for customers in those areas.
Facebook parent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading.
Another automaker is trying to cut its workforce to trim expenses and stay competitive as the industry makes the long and costly transition to electric vehicles.
The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.
Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy.
Disgraced Theranos CEO Elizabeth Holmes has avoided starting her more than 11-year prison sentence on Thursday by deploying the same legal maneuver that enabled her co-conspirator in a blood-testing hoax to remain free for an additional month.
When people think of asset classes, most think of stocks and bonds. Mark Hamrick, senior economic analyst with Bankrate.com, joined Cheddar News to discuss why the current economy is making the cash savings account a more worthwhile investment than it's been in previous years.
