The battle in self-driving technology is revving up, and some believe it's now a competition between Silicon Valley and the Motor City of Detroit. Tim Higgins, Tech & Auto Reporter at the Wall Street Journal, and Joel Feder, Interactive Content Manager at Motor Authority, join Cheddar to give their predictions on the future of the auto industry.
Higgins actually moved from Detroit to Silicon Valley because it started becoming home to more and more automakers. German, Japanese, and American companies all have offices in the Golden State fighting for talent. He discusses how partnerships with Volkswagen and Hyundai could catapult tech start-up Aurora into the self-driving winner's lane.
Feder points out that weather has a huge impact on the testing of this self-driving technology. He believes that, since Detroit sees more snow and harsher conditions, it would be a great place for cars to test on the road.
Tech apprenticeship platform Multiverse became a unicorn with a $1.7 billion valuation, after raising $220 million in a Series D round. As companies across the country face challenges in hiring and retaining tech talent, Multiverse says it's trying to offer a solution with a new way to train and hire workers that can serve as an alternative to college and corporate training. Sophie Ruddock, VP and GM North America of Multiverse, joins Cheddar News' Closing Bell to discuss.
Bitcoin's price has fallen below $24,000, its lowest level since December 2020. Matt Hougan, CIO at Bitwise Asset Management, joined Cheddar News to discuss the future of crypto amid the latest high-profile point of concern, the halting of withdrawals at Celsius Network. "Last month we saw Luna collapse. This month we're seeing Celsius possibly collapsing," he said. "So this stress test is finding weaknesses in the crypto ecosystem and it will continue until we get to a strong foundation from which crypto can recover."
An analyst at JP Morgan is predicting massive future growth for Apple in its music and gaming divisions — to the tune of more than $8 billion in revenue by 2025. Cheddar News anchors Kristen Scholer and Hena Doba discuss the glowing forecast for the tech giant.
U.S. stocks closed Thursday at their lowest levels of the trading day, as investors continue to eye inflation ahead of the May CPI report out Friday. Art Hogan, Chief Market Strategist for National Holdings, joins Cheddar News' Closing Bell to discuss.
U.S. markets opened sharply lower on Friday on hotter-than-expected inflation data. The May CPI showed an 8.6% jump in consumer prices year-over-year, higher the expected 8.3%. Mark Howard, Senior Multi-Asset Specialist at BNP Paribas joined Cheddar's Opening Bell to discuss.
