Dropbox set terms for its IPO which is expected to debut sometime next week on the Nasdaq. The file sharing company plans to sell 36 million Class A shares at $16 to $18 a piece. That sets the company's valuation as high as $8 billion, which is significantly lower than Dropbox's 2014 private valuation of $10 billion. Shares are expected to start trading sometime next week on the Nasdaq under the ticker symbol DBX.
Elon Musk surprised fans by showing up at a South by Southwest panel for HBO's "Westworld" to talk about space travel. He set a new timeline for his mission to send test flights to Mars, saying this could happen as soon as the first half of next year. However, Musk did acknowledge his propensity for setting unrealistic timelines for his projects. In addition to talking about SpaceX, Musk also spoke about his other companies, Tesla and The Boring Company.
Michael Harriot from The Root joins us to talk about the high stakes in the Pennsylvania special election. Democrat Conor Lamb faces Republican Rick Saccone in a battle to represent the state's 18th district, a traditionally conservative district. However, polls show it's a close race between the two candidates. Harriot says the unpopularity of President Trump is giving Democrat Conor Lamb an advantage. He also says this race is very important as it could have huge implications for the midterm elections later this year.
And we catch up with Joseph Lubin, co-founder of Ethereum, at South by Southwest to talk about the future of cryptocurrency. He compares the rise in popularity of cryptocurrency to the dot-com boom in the late 90s, saying that this is a learning period for those in the industry. With regard to the recent volatility in the price of bitcoin, Lubin says he's not too concerned and is instead focused on long-term growth.
With Donald Trump due on the witness stand next week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of financial documents key to the case.
DraftKings reported better-than-expected revenue in the third quarter.
Wallet Hub released a list of the 10 states with the highest median monthly student loan payments.
Oil and gas giant BP will purchase electric vehicle chargers from Tesla for $100 million.
Reports say olive oil prices have jumped 75% since January of 2021.
The big three car companies for GM and Stellantis have agreed to pay striking workers as they spend time on the picket line, according to The Wall Street Journal.
Elon Musk is making a big prediction about artificial intelligence and the jobs market.
Open enrollment season is here and the stress of picking the right plan for you could sometimes get overwhelming. Rosalyn Glenn, financial advisor with Prudential, joined Cheddar News to discuss what to know and understand about selecting your benefits to cover your medical needs and conditions, if any.
Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
Mariah Carey is facing a second lawsuit claiming copyright infringement over her song, "All I Want For Christmas is You."
