President and CEO of PlayAGS, David Lopez, discusses the company's decision to go public. PlayAGS is a slot machine maker based in Nevada valued at $550 million.
PlayAGS is offering more than 10 million shares, priced at $17 per share. Lopez says every 1% of the market PlayAGS picks up equals $90 million in revenue for the company.
Lopez says the gaming industry is resistant to a soft economy. He views the recent tax overhaul as a benefit to his company because it allows for more spending on equipment and gives players more money to spend.
Johnson & Johnson's consumer-health unit Kenvue made its debut on the New York Stock Exchange and jumped about 20% on Thursday. Thibaut Mongon, CEO of Kenvue, joined Cheddar News to discuss business growth goals and what lies ahead for its well-known pipeline of products, including Band-Aid, Neutrogena, Tylenol, among others.
Cheddar News' reporter Angela Miles reports from the Cboe floor with Scott Bauer, CEO of the Prosper Trading Academy, to break down Apple, Moderna, and Datadog earnings for options traders.
Billionaire Stephen Deckoff's SD Investments has purchased two islands in the U.S. Virgin Islands that were previously owned by the late sex criminal and human trafficker Jeffrey Epstein.
Two 10-year-olds are among 300 children who worked at McDonald's restaurants illegally, a Labor Department investigation of franchisees in Kentucky found.
U.S. regulators say Facebook misled parents and failed to protect the privacy of children using its Messenger Kids app, including misrepresenting the access it provided to app developers to private user data.
