Khushi Baby is the device that lets babies and mothers in rural India wear their medical histories around their necks. CEO and co-founder Ruchit Nagar joins us to discuss how the landmark technology works. He also tells us what went into turning his idea from a college project into a revolutionary product.
Nagar breaks down the technology behind the inexpensive digital necklace. He explains the app medical workers can use to easily access the medical histories of mothers and babies in rural India. The device uses near-field communication technology and cloud computing to become a "digital key" to the world's health gap.
While the technology is only being used in India now, Ragar gives us a look ahead at his company's plan for expansion into Africa and the Middle East. He also speculates on how advancements in 5G technology can increase the device's capabilities. Finally, we learn how researchers are using the app for analysis in addition to data collection.
While it was a volatile week in tech as Meta experienced the biggest one-day drop in the history of the U.S. stock market, industry giant Amazon reported 40 percent growth — largely on the strength of the cloud. Dan Ives, managing director of equity research at Wedbush Securities, joined Cheddar News to break down how the e-commerce company stock managed to pop despite headwinds against its core retail business. "It's all about cloud because of sum of the parts, you could argue, amazon could be $3,500/$4,000 stock just based on cloud," he said. Ives also addressed the apparent the differing impact of Apple iOS changes on Facebook and Snapchat.
Following Ford's earnings miss, the stock price dropped despite a bullish outlook from the auto giant. Karl Brauer, an executive analyst with ISeeCars.com, joined Cheddar to break down why investors may not be sold on the carmaker because of the ongoing factor of supply constraints. "The product is not an issue. There's really good product coming from them, including the electric vehicle side, and the demand is not an issue. There's plenty of demand, but nobody really has a solid grasp on when we're going to get past the supply chain issue," said Brauer.
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
Stocks closed at session lows Thursday, mostly due to a larger tech selloff after Facebook parent company Meta reported weak earnings results one day before. The Nasdaq closed down nearly 4% for its worst day since September 2020. Erin Gibbs, Chief Investment Officer at Main Street Asset Management, joins Closing Bell to discuss today's close, Meta earnings, Amazon earnings, and more
