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 median retirement savings account balance for Americans aged 65 and over was just $88,000 due to medical expenses, according to a report. Pratik Patel, head of Family Wealth Strategies with BMO Family Office, joined Cheddar News to discuss what's needed to save for a comfortable retirement.
Stocks ticked higher on Wall Street Wednesday as hopes for a resilient economy jousted with worries about inflation following a much stronger reading than expected on U.S. retail sales.
