Cheddar

If you asked anyone in 2007 what a “subprime mortgage” was, they wouldn’t have any idea. So here’s a question for you: Do you know what the private credit cheddar.com/media/big-busi…

Matternet founder and CEO Andreas Raptopoulos on the state of drone delivery in the U.S. and what it will take to make aerial delivery a mainstream reality. cheddar.com/media/is-drone…

Federal Reserve Chair Jerome Powell announced he will stay on as chair pro tem if his nominated successor Kevin Warsh is not confirmed by the Senate before May. cheddar.com/media/fed-chai…

Meta has launched its Creator Fast Track program, offering social media stars guaranteed monthly payments. cheddar.com/media/meta-is-…

A year after Val Kilmer's death, the actor is set to posthumously star in the independent film "As Deep as the Grave" through a generative AI digital replica. cheddar.com/media/val-kilm…

Today on Taking Stock | $SPX off session lows, precious metals fall as focus remains on oil prices. @nancy__davis recaps yesterday’s Fed meeting + @F_Gregaard of @Cardano_CF on the evolution of crypto infrastructure. More from @JD_Durkin after the close. x.com/i/broadcasts/1…

Uber is investing up to $1.25 billion in Rivian as part of a deal to deploy up to 50,000 autonomous R2 electric vehicle robotaxis across 25 cities in the U.S.. cheddar.com/media/uber-and…

The Pentagon has asked the White House to approve a $200 billion supplemental funding request to sustain the war in Iran, according to senior administration officials. Defense Secretary Pete Hegseth confirmed the request Thursday but said "that number could move," adding bluntly: "It takes money to kill bad guys." The massive ask comes on top of $150 billion Congress already gave the Defense Department in last year's tax cuts bill. So far, the conflict — dubbed "Operation Epic Fury" — has cost roughly $12 billion since it began, with the U.S. dropping 5,000-pound bunker-buster bombs and striking over 7,000 targets. #US #whitehouse #pentagon

Major League Baseball announced today it has named Polymarket its official exclusive prediction market exchange partner in a multi-year deal worth an estimated $150 million to $300 million. The partnership, announced Thursday morning, gives Polymarket exclusive access to MLB logos and marks, official league data from Sportradar, and brand exposure across MLB's digital ecosystem and at league events. Simultaneously, MLB Commissioner Rob Manfred signed a memorandum of understanding with CFTC Chairman Michael Selig establishing an information-sharing framework aimed at protecting the integrity of baseball. This marks the first such agreement between the CFTC and a professional sports league. MLB and Polymarket will work together to restrict markets that present integrity risks, including contracts on individual pitches, manager decisions, and umpire performance. While Polymarket has exclusive promotional rights, MLB says it will maintain integrity relationships with all other prediction market exchanges offering baseball contracts. #polymarket #mlb #sportbetting

Uber just announced a massive partnership with Rivian to deploy up to 50,000 fully autonomous R2 robotaxis across the U.S., Canada, and Europe by 2031. The deal starts with an initial $300 million investment (subject to regulatory approval), with up to $1.25 billion flowing to Rivian through 2031 contingent on hitting specific autonomous driving milestones. Uber or its fleet partners will purchase 10,000 Rivian R2 robotaxis initially, with the option to buy 40,000 more starting in 2030. The first vehicles will launch exclusively on Uber's platform in San Francisco and Miami in 2028, expanding to 25 cities by 2031. The partnership is particularly bold given that Rivian hasn't even started manufacturing the R2 yet — production is expected to begin by June 2026. Rivian CEO RJ Scaringe has made autonomous driving a top priority, saying the company is "spending more money on" hands-off, eyes-off driving "than anything else." This marks the latest in Uber's aggressive robotaxi expansion, following similar deals with Lucid ($300 million for 20,000 robotaxis), Waabi ($250 million for 25,000 robotaxis), and Waymo, as the company races to defend its ride-hailing dominance against Tesla and other AV competitors. #uber #rivian #ev #rideshare

Uber just announced a massive partnership with Rivian to deploy up to 50,000 fully autonomous R2 robotaxis across the U.S., Canada, and Europe by 2031. The deal starts with an initial $300 million investment (subject to regulatory approval), with up to $1.25 billion flowing to Rivian through 2031 contingent on hitting specific autonomous driving milestones. Uber or its fleet partners will purchase 10,000 Rivian R2 robotaxis initially, with the option to buy 40,000 more starting in 2030. The first vehicles will launch exclusively on Uber's platform in San Francisco and Miami in 2028, expanding to 25 cities by 2031. The partnership is particularly bold given that Rivian hasn't even started manufacturing the R2 yet — production is expected to begin by June 2026. Rivian CEO RJ Scaringe has made autonomous driving a top priority, saying the company is "spending more money on" hands-off, eyes-off driving "than anything else." This marks the latest in Uber's aggressive robotaxi expansion, following similar deals with Lucid ($300 million for 20,000 robotaxis), Waabi ($250 million for 25,000 robotaxis), and Waymo, as the company races to defend its ride-hailing dominance against Tesla and other AV competitors. #uber #rivian #ev #rideshare

Truist's Head of US Economics Mike Skordeles breaks down the Fed's decision to hold rates steady and what it means for your money and the economy. cheddar.com/media/powell-h…

Today on Taking Stock | Stocks fall after hot PPI print and Fed holds rates steady. @massmutual breaks down signals from the FOMC meeting + Hayward Holdings celebrates its 5th anniversary of listing! $HAYW More from @JD_Durkin after the close. x.com/i/broadcasts/1…

Cote Steakhouse put Korean fine dining on the map. Now founder Simon Kim is eyeing his boldest move yet - a three-story NYC flagship cheddar.com/media/simon-ki…

Josh D'Amaro, the longtime Disney executive who ran the company's theme parks division, is officially taking over as CEO from Bob Iger. cheddar.com/media/mickeys-…

The Federal Reserve held interest rates steady at 3.5%-3.75% today, marking the second consecutive pause as the Iran war and surging oil prices cloud the inflation outlook. Chair Jerome Powell said the central bank isn't making "as much progress on inflation as hoped," revising the 2026 inflation forecast up to 2.7% from 2.5%. The Fed's dot plot still projects just one rate cut this year, though timing remains uncertain as oil approaches $100/barrel. The Dow dropped over 600 points (1.3%) following the announcement. Powell emphasized the Fed is in "wait and see" mode given Middle East supply disruptions, saying it's "too soon to know" the full economic impact. This was one of Powell's final meetings before his term expires May 15, with Trump nominee Kevin Warsh's confirmation still held up in the Senate. #Federalreserve #Interestrates #economy

The Federal Reserve held interest rates steady at 3.5%-3.75% today, marking the second consecutive pause as the Iran war and surging oil prices cloud the inflation outlook. Chair Jerome Powell said the central bank isn't making "as much progress on inflation as hoped," revising the 2026 inflation forecast up to 2.7% from 2.5%. The Fed's dot plot still projects just one rate cut this year, though timing remains uncertain as oil approaches $100/barrel. The Dow dropped over 600 points (1.3%) following the announcement. Powell emphasized the Fed is in "wait and see" mode given Middle East supply disruptions, saying it's "too soon to know" the full economic impact. This was one of Powell's final meetings before his term expires May 15, with Trump nominee Kevin Warsh's confirmation still held up in the Senate. #Federalreserve #Interestrates #economy

President Trump issued a 60-day waiver of the Jones Act in response to instability in oil markets caused by the Iran war. cheddar.com/media/trump-sh…

Nvidia CEO Jensen Huang is calling OpenClaw, a fast-growing open-source autonomous AI agent platform, the most successful open-source project in human history. cheddar.com/media/nvidias-…

TechCrunch's Rebecca Bellan breaks down the lawsuit against Anthropic and what it could mean for the future of AI development and copyright law. cheddar.com/media/inside-t…