Here is a rundown of Cheddar News' top trending market stories of the day.
AI RIVALRY INTENSIFIES
Google parent Alphabet said its own version of a chatbot, called Bard, will soon be available to the general public. The announcement comes as Microsoft-backed OpenAI's ChatGPT rises in popularity. Google has been developing artificial intelligence technologies for years, but has stressed the importance of proceeding "responsibly" given its size and influence. Now that the competitive stakes are rising, however, the tech giant is picking up the pace.
AMC'S TIERED SEATS
Movie theater chain AMC has announced that it is launching tiered pricing for seats based on sightline. That means those usually empty front row seats will be cheaper, while the middle of the house will be more expensive. AMC said the decision offers "another way for moviegoers to find value at the movies," while others say it's the end of an era. Just ask actor Elijiah Woods, who tweeted that the system "would essentially penalize people for lower income and reward for higher income."
EV maker Rivian might be getting into the market for two-wheeled vehicles. According to a Bloomberg report, CEO RJ Scaringe told employees that an e-bike was in the works during a staff meeting last week. The nature of said bike is still unclear, but given Rivian's line of business, some kind of motorcycle or battery-assisted ride is likely. Rivian has previously hinted that it might get into "micromobility" and currently has patents for e-bike components.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
Author of 'Clean Meat,' Paul Shapiro joins Cheddar to discuss how the cellular agricultural revolution helps lower rates of foodborne illness and greatly improves environmental sustainability. Plus, how his company The Better Meat Co. is bringing healthier food options to the table.
Recent headlines might make it sound like World War III is imminent, but when it comes to your finances, it's not the time to panic. The market is coming off its longest winning streak since 2011.
