Paramount Global is exploring the sale of BET Media Group and VH1, according to The Wall Street Journal, as it focuses on its streaming platform.
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La Niña Likely to Severely Impact Global Food Supply Chain
The La Niña effect in the Pacific Ocean is leading to rough forecasts this winter in the Northern Hemisphere. Suketu Gandhi, supply chain partner at Kearney, joined Cheddar to discuss the likelihood food prices and shipping get disrupted amid the meteorological event especially considering existing supply chain problems. "The global supply chains are going to be truly disrupted with La Niña," he said, pointing to COVID-19 and political changes as factors. "So, the Jenga called 'supply chain' is just one brick away from falling down completely." In 2011, the last significant La Niña year, food prices reached record highs.
Why Keeping Paid Leave In President Biden's Budget Bill Is Crucial For Parents
Emily Tisch Sussman, senior advisor at Paid Leave US, joined Cheddar's "Between Bells" to discuss paid leave being stripped from the latest budget bill and why it is crucial for parents to have paid time off. Sussman said the pandemic, in particular, highlighted the disparity between women, who left the work force in droves to care for family, and men who continue to work and be rehired as impacted sectors of the economy return.
Facebook Enters the Metaverse, But Will It Matter Amid Headwinds and Controversy?
Amid weeks of recent controversy, Facebook this week announced it would be changing its corporate name to Meta as it pivots to the metaverse and virtual reality products. Dan Ives, Managing Director of Equity Research at Wedbush Securities, joins Cheddar News' Closing Bell to discuss the rebrand, whether chief Mark Zuckerberg can separate his identity from the company, and what the rebrand means for shareholders.
Major Indexes Close at Record Highs as Stocks End Day Higher
The Dow, S&P, and Nasdaq each ended Friday's session at a record high as stocks rallied into the green. Chris Vecchio, Senior Analyst at DailyFX, joins Cheddar News' Closing Bell, where he says this was an 'October to remember' for Wall Street.
Blockchain.com Introduces Margin Trading on Its Crypto Platform
Cryptocurrency platform Blockchain.com launched margin trading on its exchange earlier this month. The company's Chief Business Officer, Lane Kasselman, joins Cheddar News' Closing Bell, where he discusses how margin trading works in the crypto space and what users will be able to do on the platform.
Supply Chain Issues Cost Apple $6 Billion, CEO Tim Cook Says
Apple reported strong fourth quarter earnings, but sales fell below expectations. CEO Tim Cook said chip shortages and manufacturing delays cost the company $6 billion. The issues have led to the newly-launched iPhone 13 Pro being in short supply around the world, as well as to back orders for Apple's new Macbook Pro. Exponential Investment Partners Managing Partner Kevin Riley joined Cheddar News' Closing Bell to discuss.
E-Bike Subscription Service Dance Raises $14.9 Million
Electric bike company Dance recently raised $19.4 million, just weeks after rolling out its e-bike subscription service in Berlin. Dance allows users to subscribe to use an e-bike for around €79, or about $91, a month. Dance says its subscription model allows the company to reuse and refurbish its products, and further its mission to build more sustainable and livable cities. Dance founder and CEO Eric Quidenus-Wahlforss joined Cheddar News' Closing Bell to discuss.
ClickUp CEO on $400M Fundraise for the All-in-One Productivity Platform
Project management platform ClickUp raised $400 million in Series C funding this week, and founder and CEO Zeb Evans joined Cheddar's "Closing Bell" to talk about taking the added funds to help make the workplace more efficient by being a one-stop-shop for office needs. He also discussed a growing demand for his company's services during the pandemic as companies seek solutions to keep their employees on the same page.
Why Metaverse Real Estate Is Selling For Millions
How much real money would you pay for a virtual plot of land? Developing technology is introducing everyone in the real world to new, virtual worlds, like Decentraland. In this metaverse economy, users are buying virtual real estate at high value – and it’s not just the average Joe that’s looking to invest. Company's like Facebook are betting big.
