ContributorsPublishersAdvertisers

Cheddar News

Pledge to Promote Black-Owned Businesses Generates Profits for Businesses

Fifteen Percent Pledge - a non-profit that asks retailers to reserve 15 percent of their shelf space for black-owned businesses - says it has partnered with 29 major retailers since it was first founded in May 2020. Cheddar News speaks with LaToya Williams-Belfort, Executive Director at Fifteen Percent Pledge, who explains how fighting systemic racism in the retail space can also bring profits for businesses.
RETAIL
Picture for Pledge to Promote Black-Owned Businesses Generates Profits for Businesses
YOU MAY ALSO LIKE

U.S. Stocks Close Near Session Highs

U.S. stocks closed near session highs on Friday, marking the fourth straight positive week for the S&P 500 and Nasdaq, as investors continued to monitor positive inflation-related data released this week. For the week, the S&P 500 added 3.25%, the Dow rose 2.92%, and the Nasdaq gained 3.08%. Angelo Kourkafas, an Investment Strategist at Edward Jones, joins Cheddar News' Closing Bell to discuss.
STOCKS

FTX Launches 'Get to Know Crypto' Educational Site as Firms Push for Regulation

Crypto exchange FTX has launched an educational initiative, 'Get to Know Crypto,' as a way to educate users and would-be investors about the space. Some say education will be key, as some crypto firms in the U.S. seek formal government regulation for the space. What does education mean in crypto, and how important is it? Tyrone Ross, CEO and Co-founder of Turnqey Labs, joins Closing Bell to discuss.
EDUCATION

SEC Proposes Hedge Funds Disclose Crypto Exposure: How Could This Impact Regulation?

No cryptocurrency regulation is currently in place in the United States. Still, the SEC is proposing that hedge funds disclose their crypto exposure, using a form developed after the 2008 financial crisis. Form PF would require large funds, which typically have opaque operations, to reveal what and how much crypto they own, and the full extent of their exposure. What could this mean for wider crypto regulation? Ari Redbord, Head of Legal and Government Affairs at TRM Labs, joins Closing Bell to discuss.
MARKETS

Abridge Raises $12.5M, Launches Enterprise Solution to Combat Physician Burnout, Help Patients Stay on Top of Their Health

Medical conversation A.I. startup Abridge recently raised $12.5 million in a funding round led by Wittington Ventures. Since its founding in 2018, Abridge has offered an app that uses A.I. and machine learning to allow patients to record their medical conversations. Now, the startup is launching an enterprise solution for healthcare providers, which helps to structure and summarize information from any medical conversation to help reduce physician burnout, while also increasing patient satisfaction. Dr. Shivdev Rao, co-founder and CEO of Abridge, joined Cheddar News' Closing Bell to discuss.
HEALTH

Income Verification Platform Truework Raises $50 Million

Income and employment verification platform Truework recently raised $50 million dollars in a Series C round led by G Squared. Truework says mortgage, auto, and consumer lenders can use its platform to verify borrowers' income and employment in seconds, and that its technology can facilitate the verification process in a cheaper, more efficient, accurate, and secure way than other options on the market. The company expects to service more than 12 million income and employment requests in 2022, from more than 20,000 small businesses and 100 enterprises. Ryan Sandler, co-founder and CEO of Truework, joined Cheddar News' Closing Bell to discuss.
ECONOMY

One Good Thing: Proudest Mom Ever?

One mom in New Jersey decided to show her pride for her daughter by renting a customized billboard celebrating her daughter’s graduation from the Philadelphia College of Osteopathic Medicine — with a doctorate in psychology, no less. Mom’s billboard surprise on Route 130 in Camden features a photo of the now Dr. Krisitine Smalls in her graduation gown. Congratulations!
CAMDEN, NJ

Feel Good Friday: Little League Teachable Moment

You might want to grab a tissue for this one. Take a look at this video from a Little League game in Waco, Texas. The footage went viral for its heart-warming example of good sportsmanship. After the pitcher accidentally hit a batter in the head with a pitch, guess which player was more upset? Watch what happens next.
WACO, TX

Stock of the Week: Good News, Bad News for Chip Maker Nvidia

Chip stock Nvidia has had a roller-coaster week. On the one hand, President Biden signed the CHIPS Act, which includes billions in subsidies for domestic semiconductor research and development. On the other hand, the company drastically cut revenue projections due in large part to inflation. And while Nvidia’s stock is down close to 32% in 2022, it rebounded somewhat this week by gaining more than 4%. On another positive note, out of 32 analyst reviews of the stock, 25 have a buy rating, 7 have a hold rating and there are no actual sells.
STOCKS

DoorDash Teams Up With Facebook Marketplace

DoorDash is partnering with Facebook Marketplace so shoppers can have orders purchased on Marketplace delivered right to their homes — so long as the goods can fit into a car trunk. This collaboration comes as both companies are working to expand their markets — Meta wants to attract a younger user base on Facebook, while DoorDash wants to continue branching out into delivering more than just food.
INTERNET

Charlamagne Tha God, Patina Miller & Consequence: Top Newsmakers This Week

Cheddar has been covering the biggest news of the week with some of the biggest names. In case you missed it, we've pulled together some of the highlights that will keep you informed as we get ready for the week ahead.'Raising Kanan' CastActors Patina Miller and Mekai Curtis joined Cheddar News' Hena Doba this week ahead of the Season 2 premiere of Power Book III: Raising Kanan. The duo talked about what to expect from the upcoming season and how their characters have progressed in the show. Miller also talked about her return to the Great White Way as she...
TV & VIDEOS

As Revenge Travel Gets Into Full Swing, Hard Rock Hotel New York Welcomes Guests

Step inside the $400 million Hard Rock Hotel New York, and you'll be immersed in the music history of the city.The midtown Manhattan-based establishment was one of the first brand new hotels to open in the Big Apple since the pandemic. Sound waves were the inspiration for the floors and headboards, while memorabilia from Les Paul, Bob Dylan, and more decorate the lobby. And, it's a perfect location to visit and enjoy New York."What makes New York City so special for hundreds of years is it's just so exciting for people to come and see," said Jim Allen, Hard Rock...
NEW YORK CITY, NY

U.S. Stocks Close Near Session Highs

U.S. stocks closed near session highs on Friday, marking the fourth straight positive week for the S&P 500 and Nasdaq, as investors continued to monitor positive inflation-related data released this week. For the week, the S&P 500 added 3.25%, the Dow rose 2.92%, and the Nasdaq gained 3.08%. Angelo Kourkafas, an Investment Strategist at Edward Jones, joins Cheddar News' Closing Bell to discuss.
STOCKS

Saving Tips For Back-To-School Shopping Amid High Inflation

As we approach mid-August, students across the country are preparing for the return to school, which means back-to-school shopping — at least for the families that didn't get a head start earlier this summer. This year, school-related expenses are expected to take a major financial toll on many American families already dealing with inflation. Elizabeth Ebert, a partner at Infosys Consulting, joined Cheddar News' Closing Bell to discuss.
BUSINESS

Hyliion CEO Talks Electrifying Trucking Industry

Electric trucking company Hyliion reported mixed Q2 earnings, with revenue falling short of analyst expectations. Thomas Healy, Founder & CEO, Hyliion, joined Cheddar News to discuss how the company is electrifying the shipping and logistics industry.
INDUSTRY

Sonde's Vocal Biomarker Technology Can Detect Health Issues

Vocal biomarker tech startup Sonde Health has debuted a tool for someone’s mental health based on the sound of their voice. The company packaged the new Sonde Mental Fitness feature into an app for both iOS and Android and an API that healthcare providers and wellness services can incorporate into their products. David Liu, CEO of Sonde Health, breaks down how the technology works and the other use cases for vocal biomarkers.
MENTAL HEALTH

DHL Group Posts a Revenue Increase of 23.4% in Q2

Deutsche Post DHL Group generated a double-digit revenue in Q2. The world’s leading logistics group saw sales increase by 23% YoY to nearly $24.2 billion. The company says while inflation caused customers to be more cautious with spending, logistics has gained strategic importance for customers in an ever more complex environment. Greg Hewitt, CEO of DHL Express U.S., talks about how the company hit record sales and the struggles facing the logistics industries.
FINANCIAL REPORTS