The Dow jumping after the Senate passes its tax reform bill, but tech stocks are falling. Bitcoin soars to all new highs, the as early investors the Winklevoss twins because the first Bitcoin billionaires. A big healthcare merger, CVS acquires Aetna over the weekend for $59 billion. Netflix is releasing lots of original content this month, including the new blockbuster "Bright", starring Will Smith. Actress Nadia Gray joins us to talk about the film. Everyone's favorite game show in a taxi, "Cash Cab" is returning to TV today after a five year hiatus. The revival's producer is on to talk about what to expect this time around! Plus, one of Cheddar's own producers is a contestant on the show! He'll give us an inside look. Imagine getting financing approved for the car you want, all on your phone. A new app called "Fair" is here to make it a reality. The company's c-e-o explains how it works.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
