Chime is a popular bank among millennials, and it doesn't even have a physical location. Chime is a bank account and debit card for the digital age and the digital-first consumer and saver.
Chris Britt is the CEO and Co-founder of Chime. Britt joins Cheddar to explain how the digital bank is growing. In the Fall of 2017, Chime closed a Series B round to the tune of $18 million. Chime has been using those funds to grow their reach and market.
Britt expects that Chime will reach 1 million bank accounts this quarter. For now, Chime has no plans to build any physical locations at this point.
Traveling can be expensive and if a situation arises, costs can add up. Nick Ewen, senior editor at The Points Guy, joined Cheddar News to explain what travel insurance can cover and when you should purchase it.
A prosecutor opened a criminal fraud trial Wednesday by telling jurors that FTX founder Sam Bankman-Fried was on top of the world a year ago, hobnobbing with people like football star Tom Brady and ex-President Bill Clinton, before his historic fraud was exposed, leaving customers and investors without at least $10 billion they thought was secure.
Staying on top of your personal spending shouldn't be as complicated as you think. Lazetta Braxton, a certified financial planner, joined Cheddar News to provide tips on how to track that spending, such as grouping expenses into different categories.
Uber is adding a new task to its list of services: mailing consumers' return packages.
United Airlines said it's buying about 110 more planes from Boeing and Airbus.
Data shows auto sales rose in the third quarter.
Netflix is planning to raise prices, according to The Wall Street Journal.
Studies show about half of Americans will experience a layoff in their lifetime. Cheddar News' Ready4Work docuseries on Thursdays at 8:30pm provides tips in its latest episode on what to do if you get that pink slip.
The Biden administration announced a series of indictments and sanctions in connection with fentanyl trafficking.
Tens of thousands of unionized healthcare workers at Kaiser Permanente are walking off the job Wednesday.
