It's a big week for car enthusiasts as the Detroit Auto Show kicks off, showcasing some of the newest cars from automakers around the globe. Scott Evans, Editor at Motor Trend, joins The Long and The Short from Detroit to give a recap of what we can expect from Ford, GM, and even Lamborghini.
Trucks and SUVs are trending this year as Ford introduces its $100,000 truck. Car groupies will also see the debut of the all-new Chevrolet Silverado and Ram 1500. These are full-size trucks that go against the best selling vehicle in America, the Ford F-150. Evans sites low gas prices as a reason why these automakers are bringing back the SUV.
Plus, the debut of the all-new Lamborghini Urus. Evans says it shows that SUVs are the future when a sports car company starts producing the vehicle.
Also, where is Tesla? The car company won't show anything at the Detroit Auto Show. Evans says unless it has a new car to unveil, Tesla doesn't feel the need to be present. Evans also talks about Silicon Valley versus Detroit when it comes to the auto capital of America. He explains that the two regions are working together more than people think.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
The Air Force is asking Congress to restrict further construction of the towering wind turbines that have edged closer to its nuclear missile sites in Montana, Wyoming, North Dakota, Nebraska and Colorado.
