The Light Phone is about the size of a credit card and it can do a fraction of what your smartphone can. And yet, consumers love it. The company is about to release the new model "Light Phone 2."
Joe Hollier is the co-founder of Light and he joins Cheddar to give a teaser for the Light Phone 2. Hollier explains that the new model will have the calling feature that the original Light phone includes, and much more.
Light Phone 2 is the same size but also includes the capability to send basic messages, get directions, and order a ride. The Indiegogo campaign launches on March 1st. Light is battling smartphone addiction, one credit-card sized phone at a time.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
