Turo Talks Future Of Car Sharing

From Cheddar. Turo is the world’s largest car sharing marketplace, where you can book a vehicle from trusted hosts across the US, UK, Canada, Australia, and France. CFO Chuck Fisher joins Cheddar from the driver seat of the new Tesla Cybertruck, to talk travel trends and what is next for the platform.

Netflix’s New Film Head Shifts Strategy

From Cheddar. Get ready for a new era of Netflix movies. The streaming giant appointed a new head of its film division and he’s shifting away from the high-budget blockbusters and prestige dramas of the past several years. Dan Lin, producer of films like ‘the Lego movie’ and the adaptation of Stephen King’s ‘It,’ has…

Iphone Sales Fell 10% in Most Recent Quarter

From Cheddar. A new report from market research firm IDC says that sales of the Iphone fell 10% in the most recent quarter, and its almost entirely due to falling popularity in China. Apple sold 50 million Iphones from January through March, compared to 55 million in the same period a year ago. In the…

Live Nation to Be Sued By Justice Department

From Cheddar. According to a Wall Street Journal report from anonymous sources familiar with the matter, the U.S. Department of Justice plans to sue Live Nation, the country’s largest concert promoter and ticketing website, for violating antitrust laws. The lawsuit, which is allegedly coming in the next few weeks, alleges that Ticketmaster abused its market…

Google Removes Links to California News Outlets

From Cheddar. Google has removed links to California based news outlets, citing a proposed law that would require the company to pay publications a "journalism usage fee" for using their content alongside digital ads. The California Journalism Preservation Act was proposed in 2023 and is currently pending in the state legislature.

Amazon CEO Wants to Grow A.I. Business

From Cheddar. Amazon’s CEO says the company could become a leader in the artificial intelligence space. In his annual letter to shareholders, CEO Andy Jassy wrote the company is "building a substantial number of Genai applications across every Amazon consumer business." That ranges from customer-facing tools like ‘Rufus,’ Amazon’s shopping assistant, and Alexa, to coding…

NYCB Offering 5.5% Interest on Savings Account

From Cheddar. New York Community Bank is currently offering the nation’s highest interest rate for a savings account. Users who sign up for a my banking direct account via New York Community Bank’s online arm will get a 5.55% Annual percentage yield. This comes about a month after the regional financial institution had to raise…

Boeing Delivers Just 83 Planes in Q1

From Cheddar. Boeing delivered less than 100 planes in the first quarter of 2024. The company says just 83 planes were successfully handed off to its airline partners in the first three months of the year, with just 29 in March. That’s the lowest levels since 2021. This comes after several near disasters on Boeing…

Target Adding New Technology at Self Checkout

From Cheddar. Target is adding cameras to self-checkout in hopes of deterring theft. The new technology, called Truscan, will look for any barcodes that have not been scanned by customers and alert them with both visual and audio cues. According to Bloomberg sources, target is already testing Truscan at some stores.

Intel Unveils Gaudi 3 A.I. Chip

From Cheddar. Intel is making a run for Nvidia’s artificial intelligence crown. Yesterday, Intel revealed its latest A.I. chip, the Gaudi 3, and the company says it’s faster, more powerful, and uses less energy than Nvidia’s H100. Intel says the Gaudi 3 can help train or run A.I. models, and the chips will be available…

Spirit Airlines Defers Airbus Orders, Furloughs Pilots

From Cheddar. Spirit Airlines will defer the delivery of some airbus planes in order to boost the company’s cash reserves. The planes, originally set to be delivered in 2025 and 2026, will now be delivered between 2030 and 2031. The company says this will increase liquidity by $340 million dollars. Spirit will also receive between…

THUMBTACK’S NEW APP SIMPLIFIES HOMEOWNERSHIP CHALLENGES

From Cheddar. Introducing the One App for Your Home: A New Thumbtack for a New Era. Thumbtack’s latest app update offers 30 features to help homeowners easily navigate the complexities of home ownership. With personalized guidance on projects and professional hires, Thumbtack aims to simplify the process and empower homeowners to take confident action.

Boeing Engine Cover Falls Off Southwest Flight

From Cheddar. Another issue for Boeing over the weekend as a Southwest flight, using a Boeing 737 aircraft, had to immediately land after taking off after part of the engine fell off during its departure from Denver International Airport. The Federal Aviation Administration is investigating the issue after the incident took place on Sunday morning,…

Musk: Tesla Robotaxi to be Unveiled August 8th

From Cheddar. Elon musk announced that Telsa will unveil its ‘Robotaxi’ this summer. Musk made the announcement on X and said can expect to see the Robotaxi on August 8th. In the past, the Tesla CEO said the company is producing a car without control for humans to use and that fully autonomous taxis could…

Biden Administration Grants TSMC $6.6 Billion

From Cheddar. As Taiwan Semiconductor Manufacturing Company promises a $25 billion expansion in Arizona, the Biden administration said earlier today it will give the chipmaker up to $6.6 Billion in federal grants. This marks the second major U.S. chipmaking grant announcement of the last three weeks from the Biden administration, as the president works to…

Ford Turns Focus to Hybrid Vehicles

From Cheddar. Ford announced it will be delaying production of its all electric large SUV and pickup truck. Instead, the company will focus its efforts on new hybrid options across the North American line up. The Detroit based company said it will continue its investment in electric vehicles as it pushes back production of its…