Seven Dreamers has created a robot that folds your clothes for you. The Laundroid can help eliminate the annoying process of folding from your life, but it comes at a steep price.
Shin Sakane is the CEO of Seven Dreamers. He joins Cheddar to explain how Laundroid is working to make consumers lives easier. Laundroid has been in the works for 12 years. The robot costs $16,000 and takes it takes 4 to 6 hours to fold around 30 pieces of clothes.
Sakane says the product should be launched by the end of the year.
The airlines announced the cuts Tuesday morning after markets suffered their biggest drop since the 2008 recession. The shock came as demand for flights sunk worldwide.
These are the headlines you Need 2 Know for Tuesday, March 10, 2020.
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. The sharp drops triggered the first automatic halts in trading in two decades.
Officials at the World Health Organization said Monday that of about 80,000 people who have been sickened by COVID-19 in China, more than 70 percent have recovered and been discharged from hospitals.
Stocks are falling sharply Monday on Wall Street on a combination of coronavirus fears and plunging oil prices, triggering a brief, automatic halt in trading to let investors catch their breath.
Lenore Hawkins, chief macro strategist for Tamatica Research, told Cheddar that the combination of the COVID-19 outbreak and the oil price war between Saudi Arabia and Russia is an unprecedented set of circumstances for investors.
The Dow Jones Industrial Average plummeted 1,500 points, or 6%, following similar drops in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus.
These are the headlines you Need 2 Know for Monday, March 9, 2020.
MindMed became the first publicly listed psychedelics company in the world after kicking off trading on the Canadian stock exchange NEO this week.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
