Stash is making investing accessible to everyone. The platform and app was started in 2015 and since then has grown to more than 1.2 million accounts and over 2.5 million content subscribers.
Brandon Krieg is the CEO and co-founder of Stash. He explains that Stash is not only about investing, it is also a learning platform. Stash opens up conversations between friends and family about investing and what to be looking for. Krieg says he is really proud of his customers.
The minimum investment in Stash is only $5, opening the door for all types of investors. In fact, over 80% of Stash customers are first-time investors.
When it comes to crypto, Krieg says they are waiting and watching. Krieg wants to get a sense of what regulators do and say. That being said, Stash customers are asking to invest in crypto. Krieg reveals that Stash will likely roll out a product sometime later this year.
Ross Mayfield, Investment Strategy Analyst at Baird, joins Cheddar News' Closing Bell, where he breaks down a very up-and-down week on Wall Street that included a late Friday rally to send the major indexes sharply higher on the day.
NFT art platform TRLab recently raised $4.2 million in funding. TRLab launched just last year but says its platform focused on NFT curation and distribution is growing quickly. The company hopes to bridge traditional and digital art worlds and help artists explore NFTs as an emerging medium. TRLab co-founder and chairwoman Xin Li-Cohen and co-founder and CEO Audrey Ou joined Cheddar News' Closing Bell to discuss.
Chris Vecchio, senior analyst at DailyFX, joins Cheddar News to discuss what investors should watch as the three major indexes see wild swings all week.
Diageo, one of the largest distillers in the world, recently reported its global sales have surpassed pre-COVID levels. Debra Crew, the company's North American president, joined Cheddar to discuss the surging sales, supply chain disruptions, and its efforts in non-alcoholic beer and spirits. "We had growth across all five regions," Crew said. "A year ago that wasn't true. This was really more of a North America recovery story. This year you really see this across the globe, people returning back in. On premise reopening really helped us." The producers of Don Julio tequila and Ketel One vodka also opened a new carbon neutral distillery in Lebanon, Kentucky.
Although the auto industry is faced with chip shortages and supply chain woes, Tesla was still expected to report record earnings, and Elon Musk did not disappoint. Jon Rettinger, President of JFL Network, joins Cheddar News to discuss the company, the electric vehicle competition, and growth for the auto industry.
