It's been a wild week for the stock markets. The Dow plunged below 1,000 points for the second time ever on Thursday. We ask Chris Versace, Chief Investment Officer at Tematica Research, what's behind the big ups and downs. Versace is not concerned about the recent 10% drop but adds that everyone should be if the market drops another 10%. Still, he cautions young people who may be worried to stay in the market.
Amazon is taking on UPS and FedEx, announcing a new delivery service geared towards businesses. The service, called "Shipping with Amazon," will pick up packages from businesses and ship them to customers. Amazon will launch this service in Los Angeles in the coming weeks.
Congress agreed on a spending bill after a brief government shutdown overnight. The House voted around 5 AM eastern time on Friday morning, and then President Trump signed the bill hours later. The spending bill will add hundreds of billions of dollars to the federal deficit.
Snapchat is starting to show signs of recovery after a disappointing few quarters. Cheddar senior reporter Alex Heath sits down with Billy Gallagher, author of the new book "How to Turn Down a Billion Dollars: The Snapchat Story," to see what lies ahead for the company. Gallagher was in a fraternity with Snapchat co-founder and CEO Evan Spiegel.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Chris Ruder, Spikeball Founder and CEO, explains how he and his friends put roundnet on the global map, plus, how Spikeball helps people "find their circle."
J.W. Roth, CEO of Venu Holding Corporation, discusses the company's IPO and plans to redefine live music entertainment with their fan founded, fan-owned model.
Variety's Clayton Davis discusses why more than just the 1% are struggling after the LA fires. Plus, how awards shows will pivot to help victims. Watch!
Emily Hosie, CEO of Rebelstork, explains the concept of Returns Recommerce, plus how her company raised $18M to address the industry-wide issue of returns.
