In today's Biz Breakdown we're following the Crypto crash, why Gamestop & AMC are jumping, and the Rivian recall impacting hundreds of trucks.

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Biz Breakdown: Crypto Crash, Gamestop & AMC Jump, Rivian Recall

Alright, let's take a look at some of the other business headlines we're watching for you. This friday, the stable coin making the most noise this week has been terry usd and it's not for a good reason at all. While other stable coins like tether and usd coin are trading right at about a dollar as expected. Terror Usd is now trading below 10 cents. Terry usd differs from other stable coins and that it's considered an algorithmic, stable coin which aims to carry out the actions of more traditional stable coins Without any actual cash held in reserve to back it. The algorithmic stable coins are also based on confidence and trust, which is clearly lacking at the moment. Finally, Terry Usd sister token luna is down by a whopping 99% over the last two days. That's a steeper drop than any other Cryptocurrency by a wide margin. Meanwhile, despite the broader market selloff, meme stocks are bucking the trend again, shares a Gamestop, jumping over 30% earlier in yesterday's session trading in the video game retailer was halted as many as four times due to volatility and while there's no new announcements to explain the big pop shares of other meme stocks also rose in lockstep theater chain AMC and Bed Bath and beyond. Both saw significant gains on thursday AMC jumping nearly 10%. However, both Gamestop and AMC are down about 57% year to date And Rivian is recalling 500 plus of their pickup trucks over potentially faulty airbags. Electric vehicle maker says it discovered the front passenger air bag may not perform properly in the event of a crash due to calibration error in the seat assembly. This could pose a safety risk to Children in the front passenger seat. Caribbean is saying it isn't aware of any accidents or injuries related to the seat assembly defect, and we'll replace that passenger seat for the affected vehicles free of charge. The recall covers 2022 Rivian R one T pickups built between late september of last year and early april of this year, that at the company's factory in normal Illinois, this is revisions first recall, according to the National Highway Traffic Safety Administration And in fact, about 10% of revisions total vehicle production to date.