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.
Michelle Holder, president of the Washington Center for Equitable Growth and a labor economist at John Jay College joins Cheddar News to discuss the October jobs report.
If your kid was on Santa's "nice list" this year, maybe you're willing to shell out $1,900 for Tesla's new Cyberquad. The automaker's all-electric ATV for children 8 years old and up is available to order now and is expected to begin shipping in two to four weeks.
Grab, a Southeast Asia-based ride sharing, e-wallet, and delivery service, made its public debut on the Nasdaq via SPAC merger. CFO Peter Oey joined Cheddar's Brad Smith to talk about the IPO and why it was an ideal time for the company to go public. Oey noted that while Grab operates in 465 cities in eight Southeast Asian countries, there is still more opportunity to grow and expand while balancing profitability and growth.
Voltus is going public by combining with a special purpose acquisition company, Broadscale Acquisition Corp., in a deal that values the electricity market technology startup at about $1.3 billion dollars. The company aims to deliver less expensive, more reliable, and more sustainable electricity to its more than 600 customers, including Home Depot, Coca-Cola, and Simon Property Group. Gregg Dixon, co-founder and CEO of Voltus and Andrew Shapiro, chairman and CEO of Broadscale Acquisition Corp., joined Cheddar News to discuss the deal.
Fintech company Square, led by the now-former Twitter CEO Jack Dorsey, will undergo a name change to Block as it expands its product offerings and goes beyond just a payment processing platform into blockchain and crypto spaces.
Major League Baseball entered its first owner implemented lockout in nearly 30 years after the league and the player's association were unable to come to an agreement on a new labor deal.
The Institute for Supply Management released its monthly manufacturing PMI report on Wednesday, showing growth in the manufacturing sector but demand continues to outpace production. Deborah Byers, EY Americas Industry Leader, joins Cheddar to discuss takeaways from this month's report, and what companies across industries are prioritizing going into 2022.
