Adidas has made $437 million from the first release of Yeezy sneakers since cutting ties with Ye.
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Stock Market Today: Wall Street Slips as Debt Worries Hang
Wall Street is slipping Tuesday as the U.S. government creeps closer to the edge of a potentially disastrous default on its debt.
Cheddar Morning News Briefings of May 23rd
Cheddar Morning News Briefings
Paramount+ Will Absorb Showtime Next Month in Bid to Compete With Netflix, Max
Paramount Global is set to absorb Showtime into Paramount+, creating a single streaming option to compete with the likes of Netflix and Warner Bros. Discovery’s Max. The company also plans to raise the monthly price from $9.99 to $11.99 per month after the integration.
Stretching Your Dollar: How a U.S. Default Could Affect Your Investment Portfolio
Debt ceiling talks are underway in Washington, DC ahead of a default deadline. Michael Rosen, chief investment officer with Angeles Investments, joined Cheddar News to explain how a potential default could affect investment portfolios, among other items, for Americans.
Australia Cracks Down on Buy Now, Pay Later
Australia's government announced regulations for buy now, pay later services, which will be labeled as consumer credit products, which puts them under the country's Securities and Investments Commission's watch.
Report: Walmart to Partner with Vet Telehealth Company
Walmart is reportedly teaming up with pet telehealth provider Pawp, giving subscribers unlimited access to vet services via video and text, starting on Tuesday.
The Day Ahead: Earnings, Home Sales Data, Microsoft Software Conference
Cheddar News checks in to see what's on The Day Ahead, which will include earnings from Lowe's, Dick's Sporting Goods, BJ's and AutoZone along with new home sales data. In addition, Microsoft's Build 2023 Developer Conference is slated to kick off for software engineers and web developers.
Amazon to Use Palm Scan for Buying Alcohol
Amazon will use a new feature in its palm-scanning system to verify one's age to purchase alcohol.
Venmo Introduces Accounts and Debit Cards for Teen Users
Venmo will soon have accounts for teenagers ages 13-17 but they will have to follow a set of rules, with parents or guardians opening accounts on their behalf under their own accounts.
