Grubhub recently announced their $1 million dollar fund for social good causes. The first initiative is being called "RestaurantHer" and is aimed at helping promote women and female-led restaurants in an uneven industry.
Jessica Burns is Grubhub's Senior Director of Brand Marketing. She joins Cheddar to explain why supporting female chefs and female restauranteurs is so important. In the U.S., only 19% of chefs are female, and females make up only 7% of head chefs.
Grubhub has partnered with Women Chefs & Restaurateurs (WCR) to build resources that support women and keep kitchen workspaces safe for them.
Grubhub is also building out a map of restaurants across America that are run by women so Grubhub consumers can support those restaurants.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
