Google is banning all ads related to cryptocurrency. The update will go into effect across all Google and YouTube platforms starting in June. Facebook enacted a similar policy on cryptocurrency ads earlier this year. Bitcoin and other popular digital currencies fell sharply on the news.
Students across the country are walking out of class today to remember victims of the school shooting in Parkland, Florida. At 10 am local time across different time zones, students are leaving class for 17 minutes, one minute for each person who died in the tragic school shooting. More than 3,000 schools across the country are participating in the protests, calling for action on gun reform. This comes on the one month anniversary of the shooting.
Kai Ryssdal, host and senior editor of Marketplace, stops by to talk about the upcoming 10 year anniversary of the financial crisis. He predicts another financial crisis is on the way, but the verdict is still out on when it will happen. Ryssdal says the big banks are still bigger than ever and Congress has done little to change that. Generally, he believes the economy is in decent shape, even though the markets have been volatile recently.
And we're joined by the co-owner of McClure's, a company that specializes in making pickles. Bob McClure and his brother Joe used their mom's pickle recipe to start a small business almost a decade ago. At first, they rolled out products in Detroit and Brooklyn, but today McClure's pickles can be found in most grocery stores nationwide. In addition to pickles, McClure's also makes chips, sauerkraut, and Bloody Mary mix.
Cheddar News checks in to see what's on The Day Ahead, which will include earnings from Lowe's, Dick's Sporting Goods, BJ's and AutoZone along with new home sales data. In addition, Microsoft's Build 2023 Developer Conference is slated to kick off for software engineers and web developers.
Venmo will soon have accounts for teenagers ages 13-17 but they will have to follow a set of rules, with parents or guardians opening accounts on their behalf under their own accounts.
Rory Harvey, General Motors' incoming North American president, joined Cheddar News to discuss GM's foray into the rapidly-changing electric vehicle market along with what lies ahead. "It's a very dynamic time in the automotive industry," he said. "If you look to the transformation across the EVs, it's happening and it's happening at a pace."
Ford Motor laid out some financial expectations and specific growth objectives for its electric vehicle line at an investors' event on Monday. John Lawler, chief financial officer of Ford Motor Co., joined Cheddar News to explain what lies ahead for the automaker.
Teenagers will officially be allowed to open a Venmo account with their parent's permission, the company said Monday, expanding the popular social payments app to an age demographic that is likely to embrace it almost immediately.
