The 113th Annual New York Boat Show starts January 24th. The annual boat show serves as an education and business experiences for companies across the industry. This year's show is ripe with new models, interactive and educational activities for kids, and of course, lots of great tech.
To celebrate the show contributors to the show rang the NYSE closing bell. Included in that group was Thom Dammrich, President of the National Marine Manufacturers Association. Dammrich joins Cheddar to preview the annual show.
Technology has a strong presence at this year's show. Dammrich says autonomous boats are not all that far away. He also discusses the Watercar. The amphibious vehicle runs on both land and water.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.
As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.