Kodak Cashes in on Crypto

Your Cheddar hosts Kristen Scholer and Tim Stenovec break down today's top stories, from taxes to crypto. Shares of Kodak more than doubled Tuesday after the company announced plans to jump into the cryptocurrency market. The photo imaging giant has plans for an initial coin offering called KodakCoin. The digital currency would be the backbone of a platform to help photographers license their work and track unauthorized use of their photos. Plus, the newly passed tax law could save Americans billions of dollars on their utility bills. Electric companies in Massachusetts, Illinois, Oregon, and other states have announced plans to pass tax savings onto their customers.

More In Business

AI's Dual Impact on Jobs: Displacement and Creation Worldwide

AI is poised to transform global employment by replacing 300 million jobs while creating new ones, potentially boosting GDP by 7%.

Jenius Bank Report Reveals Financial Impact on Mental Health

The Mind-Money Connection explores how managing finances can boost happiness and uncover the real impact personal finances have on mental health and well-being.

Milk, Eggs and Now Bullets for Sale In Grocery Vending Machines

A company has installed vending machines that sell ammunition in grocery stores in Alabama, Oklahoma, and Texas, raising gun control concerns.

Tax Prep Firm Intuit to lay off 1,800 as Part of AI-Focused Re-org

WASHINGTON (AP) — Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off abou

Microsoft Quits OpenAI Board Amidst Antitrust Scrutiny of AI pacts

Microsoft has relinquished its seat on the board of OpenAI, saying its participation is no longer needed because the firm has improved its governance.

Are Personal Checks Done? Target Will Stop Accepting Them Next Week

Target will no longer accept personal checks from shoppers as of July 15 in a sign of how a once ubiquitous payment method is going the way of the dodo.

Judge who Nixed Musk’s Pay Mulls Massive Fee Request from Lawyers

A Delaware judge is considering a massive and unprecedented fee request by lawyers who successfully voided a pay package for Tesla CEO Elon Musk

Small Businesses Continue to Suffer from Rent Inflation

The Bank of America Institute found that average monthly rent payment growth for the bank's small business clients rose 12% year-on-year.

Debate as AI-Driven Car Hits Person Crossing Against Light in China

A driverless ride-hailing car in China hit a pedestrian, but people on social media are taking the carmaker’s side in an AI vs. humans debate.

Fed’s Powell Highlights Slowing Job Market in Possible Rate Cuts Sign

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in a possible sign of looming rate cuts.

Load More