*By Michael Teich*
Waze is rolling out its beacon technology in New York City to improve tunnel navigation and help drivers commute in and out of the Big Apple.
The company is teaming up with New York's MTA and the Port Authority of New York and New Jersey to install beacons in bridges and tunnels that are used to journey in and out of Manhattan. The launch follows installations in nine other cities around the world, including U.S. cities Chicago, Boston, and Pittsburgh.
"This allows us to basically locate the users inside the tunnels," said head of Waze Beacons Gil Disatnik in an interview on Cheddar Tuesday.
"With the beacons, we are to provide this continuous location throughout the tunnel."
Waze Beacons were invented in-house at Waze, and installations began in 2016. The technology brings navigation to drivers underground where GPS signal is lost. The microcontrollers, which transmit a Bluetooth signal delivering continuous underground coverage, have been added in the Lincoln Tunnel, Holland Tunnel, Queens-Midtown Tunnel, and Hugh L. Carey Tunnel. Waze said nearly 4 million people use its app in New York City, but it does not monetize the beacons.
"There's no financial stake for us in this. We don't make money selling beacons," Disatnik said. "For us, it's really all about making traffic smoother and better for everyone, Waze users and non-Waze users alike. This technology is open for everyone to use."
Google ($GOOGL) acquired Waze in 2013 for $966 million.
For full interview [click here](https://cheddar.com/videos/waze-rolls-out-new-tech-in-nyc-to-ease-traffic).
DraftKings reported better-than-expected revenue in the third quarter.
Wallet Hub released a list of the 10 states with the highest median monthly student loan payments.
Oil and gas giant BP will purchase electric vehicle chargers from Tesla for $100 million.
Reports say olive oil prices have jumped 75% since January of 2021.
The big three car companies for GM and Stellantis have agreed to pay striking workers as they spend time on the picket line, according to The Wall Street Journal.
Elon Musk is making a big prediction about artificial intelligence and the jobs market.
Open enrollment season is here and the stress of picking the right plan for you could sometimes get overwhelming. Rosalyn Glenn, financial advisor with Prudential, joined Cheddar News to discuss what to know and understand about selecting your benefits to cover your medical needs and conditions, if any.
Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
Mariah Carey is facing a second lawsuit claiming copyright infringement over her song, "All I Want For Christmas is You."
Apple posted better-than-expected results for the third quarter but continued to report soft revenue. Cheddar News breaks it all down.
