What has your phone done for you, lately? The past year was a big year one for mobile technology, with advancements in facial recognition, augmented reality, and more. But what does your phone need to do for you in 2018?
Sean Aune, Editor-in-Chief of Technobuffalo tells us what the mobile industry has to do to keep business this year.
It was a big year for Apple with the iPhone X and 8, with the iPhone topping the list of the best-selling tech products of 2017. But the company has taken its knocks with shipping delays and the battery slowdown controversy. Aune says Apple needs to lower prices, and fix battery issues.
LG launched its G6 about a year ago, to mediocre reviews. The G7 is expected as early as next month, and Aune says the South Korean company needs to improve its cameras and spend money on ad campaigns, since hardly anyone knows when new phones are out.
Aune also tells us what Samsung and Google Pixel need to do to increase sales and brad recognition.
U.S. markets opened sharply lower on Friday on hotter-than-expected inflation data. The May CPI showed an 8.6% jump in consumer prices year-over-year, higher the expected 8.3%. Mark Howard, Senior Multi-Asset Specialist at BNP Paribas joined Cheddar's Opening Bell to discuss.
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
The electric vehicle maker filed a proposal for a three-for-one stock split, increasing the accessibility of shares for investors for a stock trading at around $700 a share. The move comes not long after tech giant Amazon announced a 20-for-one split. The number of authorized shares rises from two billion to six billion. It was also revealed that board member Larry Ellison does not intend to stand for reelection as it pertains to Tesla.
President Biden proposed a new rule that would add 500,000 chargers for electric vehicles nationwide. The proposal comes amid the rapid shift to EVs with dozens of automakers announcing plans for all-electric fleets within the next decade. But with the new surge will the U.S. have the proper infrastructure to keep up? Scott Painter, founder and CEO of Autonomy.com joined Cheddar's Opening Bell to discuss. "I really think the idea of standardization is a big deal. Standardization certainly makes it much better for everybody to be able to get a charge when they need one," he said.
