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.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Aurimas Sabulis, CEO of Dextall, unveils how AI‑driven prefabricated façades slash design time by 80%, labor by 87%, and accelerate affordable housing delivery.
