Snap Plans New Spectacles, Weinstein Co. Strikes Last Minute Deal for Sale
Snap is planning to release new versions of its hugely unpopular Spectacles. Cheddar senior reporter Alex Heath joins us to share the details on the company's plan for the new smart glasses. Snap will release a second version of its Spectacles this fall and is aiming to release a third version sometime thereafter. The second version will include performance improvements and the third will have increased camera technology. Snap had to take a $40 million loss on its first version of Spectacles due to lack of interest.
The Weinstein Co. lives to fight another day after a last-minute deal emerged Thursday night. An investor group will buy the Weinstein Co. in a deal worth $50 million. Maria Contreras-Sweet, President Obama's former Small Business Administration head, is leading the negotiations. In a statement, she said she looks forward to launching a "new company, with a new board and a new vision." This comes days after the Weinstein Co. filed for bankruptcy.
Christine Short, VP of Research at Wall Street Horizon, shares insights on small and big banks earnings, a fresh round of layoffs in the tech world, and what to expect from upcoming rate decisions.
More executives are feeling better about the global economy. But a growing number don’t think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence.
The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports.
The latest calculations from several science agencies showing Earth obliterated global heat records last year may seem scary. But scientists worry that what’s behind those numbers could be even worse.
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
Greg Moran, CEO of Zoomcar, joined Cheddar to talk about the growth of the car-sharing platform, the company's recent debut on the NASDAQ, and its continued work in emerging markets.
