Your Cheddar Hosts Kristen Scholer and Tim Stenovec explore why college grads may default on their loans, the possibility of the Bitcoin bubble bursting, and more! On Wednesday over $200 billion was eliminated from the value of the cryptocurrency market. Frank Chaparro, Finance Reporter at Business Insider, joins Your Cheddar to discuss the reason for the recent sell-off and walks us through some of the pros and cons of investing in the digital asset. Believe it or not, Michelle Schroeder-Garner is on track to make $1 million this year from traveling and blogging. How is that possible? Your Cheddar host Tim Stenovec explores how digital ads and affiliate marketing helps Schroeder-Garner earn more than $100,000 a month. Plus, according to a recent survey, 61% of Americans said they found investing scary or intimidating. Ryan Ermey, Staff Writer at Kiplinger, joins Your Cheddar to discuss how much extra money you can have when you retire if you start investing in your early twenties.

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Universal Music and AI song generator Udio partner on new AI platform
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
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