Clayton Banks, CEO of tech incubator Silicon Harlem, and Jessica O. Matthews, CEO of Uncharted Power, discuss their combined effort to make New York City's Harlem neighborhood the Silicon Valley of the East Coast.
Clayton discusses how the relationship between Silicon Harlem and Uncharted Power came to be. He also discusses the relationship between WeWork and Silicon Harlem. Both companies share a common goal of bringing technology to the New York City neighborhood.
Mathews discusses how her company is using kinetic energy as a renewable resource to power businesses and entire governments. She talks about why Harlem is such a great area for new businesses, adding "Harlem is a place to start, grow, and scale your company."
The U.S. death toll from the coronavirus climbed to 11 on Wednesday with a victim succumbing in California — the nation's first reported fatality outside Washington state — as officials, schools and businesses came under pressure to respond more aggressively to the outbreak.
The company known for home thermostats said it will release "the most powerful quantum computer yet" within the next three months.
These are the headlines you Need 2 Know for Wednesday, March 4, 2020.
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
HotelPlanner CEO Tim Hentschel told Cheddar that the travel industry is taking the worst hit it has seen in nearly two decades thanks to the coronavirus outbreak paralyzing multiple countries.
Stocks are whipping up and down after the Federal Reserve swooped into the market with an emergency rate cut in hopes of shielding the economy from the effects of the fast-spreading virus. Tuesday's surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate.
Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some time.” It was the Fed's first rate cut since last year, when it reduced its key short-term rate three times.
The Federal Reserve will cut interest rates by a half-percentage point in its first emergency rate cut since the Great Recession in response to the spreading coronavirus.
These are the headlines you Need 2 Know for Tuesday, March 3, 2020.
These are the headlines you Need 2 Know for Monday, March 2, 2020.
