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.
Resale platforms do big business – and Mercari just became the first in the U.S. to eliminate all fees for sellers and completely changed how returns work on its platform.
e.l.f.’s affordable price point and makeup and skincare options made it a social media darling – and the company’s CEO says the company even gets product ideas from its audience.
Nearly 40% of Americans choose travel over financial stability, funding trips on credit and sacrificing other budget line items to take a vacation — because live fast or die trying.
Disney shareholders have rallied behind longtime CEO Robert Iger. They voted Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo.
Student loan borrowers have the ability to earn retirement funds pegged to their payments – and the company Summer might be bringing it to your workplace.
It might not be what investors want to hear… but bringing down inflation could mean interest rates stay higher for (even) longer. But it's not all downside.
