Snap is planning to roll out new Spectacles after its first version failed spectacularly. Cheddar senior reporter Alex Heath joins us to share details on what the company has in store. Snap will release a second version of its Spectacles this fall and is aiming to release a third version sometime thereafter. The second version will include performance improvements and the third will have increased camera technology. Snap had to take a $40 million loss on its first version of Spectacles due to lack of interest.
An investor group strikes a last-minute deal to buy the Weinstein Co. The group, led by President Obama's former Small Business Administration head Maria Contreras-Sweet, agreed to buy the embattled company in a deal worth $50 million. In a statement, Contreras-Sweet said she looks forward to launching a "new company, with a new board and a new vision." This comes days after the Weinstein Co. filed for bankruptcy.
Global markets are tanking on fears of a trade war following President Trump's tariff announcement. In the coming days, President Trump is expected to roll out taxes on steel and aluminum imports. Art Hogan, chief market strategist for B. Riley FBR and Wunderlich Securities, tells Cheddar this could mean higher prices for consumer products such as cars and beer. He notes this is bad timing for the tariff announcement given that markets have been volatile over the past few weeks.
And we're talking eSports with Mike LaBelle, the New York Red Bulls' first official eSports athlete, and James Ruth, senior director of properties and events for the MLS. LaBelle will participate in the first eMLS Cup which begins on April 5, 2018. Growing up, LaBelle says his parents always told him he was wasting his time playing video games. LaBelle explains to Cheddar how much goes into preparing for an eSports tournament. Ruth says MLS has been working on this idea for a long time. 65% of MLS fans say FIFA helped grow their interest in the sport.
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
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.
