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.
JPMorgan Chase says profits jumped sharply ias the bank cashed in billions of dollars of its holdings in Visa Inc., also helped by higher interest rates.
Archegos's Bill Hwang turned $10 billion into $160 billion into nothing. Plus: Intuit's layoffs, Elon's travails, Boeing's bad week, Jerome Powell, and mor
Language learning apps surged in 2024, with Babbel offering interactive lessons, vocabulary practice, and grammar exercises for effective language acquisition.
The Mind-Money Connection explores how managing finances can boost happiness and uncover the real impact personal finances have on mental health and well-being.
WASHINGTON (AP) — Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off abou
