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.
Former Medtronic CEO and author of 'True North' Bill George explains the steps Boeing leadership must take to regain client and consumer trust after 737 Max 9 production was stopped.
Amazon blamed "regulatory hurdles" for calling off its proposed acquisition of robot vacuum maker iRobot. Not even a Roomba could clean up the deal's antitrust scrutiny.
To celebrate Flutter Entertainment's debut on the NYSE, FanDuel CEO Amy Howe shares her thoughts on the company's plans for growth, the future of online sportsbetting, and Super Bowl Sunday.
Investopedia's Caleb Silver shares thoughts on the upcoming Fed meeting, why individual investors are still slightly skeptical, and what he's looking for from mega cap tech earnings.
Season's greetings! Tax season, that is. January 29 is the first day you can file your tax return. We walk you through each step — plus a checklist you can download.
The Q-Collar helps protect athletes from impact-related concussions. Now, the U.S. Army is evaluating if the device could help reduce traumatic brain injury cased by blast weapons.
Co-founder and executive chairman of the board at Vaxxinity Lou Reese shares how the company is working to bring vaccines for chronic illnesses like heart disease and Parkinson’s to market with an eye for accessibility.
Mario Veneroso, Kingsview Asset Management Partner, weighs in on the latest economic data and whether the market is pricing in too many rate cuts for the coming year.