This year's CES placed car tech front and center, leaving many to ask if it's become the world's best car show. Wired's Michael Calore joins Cheddar to wrap up the biggest trends and hottest gadgets from the Las Vegas electronics expo. The senior editor breaks down the latest advancements in autonomous driving and smart-assistant integrations.
Google took its battle with Amazon for voice supremacy to a new level at CES. The tech giant revealed a number of exciting developments in its smart assistant technology, including third-party smart displays from JBL and Lenovo. Calore reveals whether he thinks Google has closed the gap with Amazon's Alexa suite.
Finally, Peloton unveiled the newest addition to its line of smart exercise equipment. Peloton Tread is a nearly $4,000 treadmill that hopes to generate the same success as the company's interactive bikes. Calore is optimistic about people shelling out big bucks for this new device.
While it was a volatile week in tech as Meta experienced the biggest one-day drop in the history of the U.S. stock market, industry giant Amazon reported 40 percent growth — largely on the strength of the cloud. Dan Ives, managing director of equity research at Wedbush Securities, joined Cheddar News to break down how the e-commerce company stock managed to pop despite headwinds against its core retail business. "It's all about cloud because of sum of the parts, you could argue, amazon could be $3,500/$4,000 stock just based on cloud," he said. Ives also addressed the apparent the differing impact of Apple iOS changes on Facebook and Snapchat.
Following Ford's earnings miss, the stock price dropped despite a bullish outlook from the auto giant. Karl Brauer, an executive analyst with ISeeCars.com, joined Cheddar to break down why investors may not be sold on the carmaker because of the ongoing factor of supply constraints. "The product is not an issue. There's really good product coming from them, including the electric vehicle side, and the demand is not an issue. There's plenty of demand, but nobody really has a solid grasp on when we're going to get past the supply chain issue," said Brauer.
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
Stocks closed at session lows Thursday, mostly due to a larger tech selloff after Facebook parent company Meta reported weak earnings results one day before. The Nasdaq closed down nearly 4% for its worst day since September 2020. Erin Gibbs, Chief Investment Officer at Main Street Asset Management, joins Closing Bell to discuss today's close, Meta earnings, Amazon earnings, and more
