ESPN has a new president, following the abrupt resignation of its former president in December. Disney appointed James Pitaro as the new head of ESPN. Previously, he was Disney's consumer products and digital chief. Pitaro will have his work cut out for him. Next month, ESPN will launch its new streaming service. The network is also facing declining viewership.
The popular trivia app HQ has received an additional $15 million in funding. Axios reported the new funding on Tuesday, noting that the company's total valuation is now estimated at $100 million. HQ has been very successful in drawing in younger audiences. On Sunday night, 2.1 million users tuned in for the game show.
In other funding news, the insurance app Lemonade recently secured $120 million in Series C funding. Daniel Schreiber, CEO and co-founder of Lemonade, tells Cheddar he plans to use this new money to expand the app globally. Schreiber says Lemonade is trying to reinvent insurance. Lemonade wants to make customers happy, not make money by denying claims.
And we're joined by iconic travel writer Rick Steves to hear about his new book, "Travel as a Political Act." Steves says it's more important than ever for people to travel in today's world. He says some events in the last few years, such as Brexit and the election of Donald Trump, have made people anxious to travel. But Steves encourages everyone to branch out and travel somewhere new, especially in light of current global politics.
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
