Your Cheddar hosts Kristen Scholer and Tim Stenovec recap the day's biggest news stories.
The Federal Reserve will wrap up its two-day policy meeting Wednesday afternoon. The central bank is likely to raise short-term interest rates by a quarter percentage point. This would be the 5th such increase since the Fed began raising rates from near zero two years ago.
Plus, as more investors rushed to buy Bitcoin this week, two top U.S. regulators reiterated their warnings about the potential risks associated with investing in cryptocurrencies. Both the SEC and the Commodity Futures Trading Commission issuing a similar message: buyer beware.
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Aurimas Sabulis, CEO of Dextall, unveils how AI‑driven prefabricated façades slash design time by 80%, labor by 87%, and accelerate affordable housing delivery.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
Trump wants interest rates to plummet to make borrowing cheaper and boost growth. Fed chair Jerome Powell and his allies say not so fast, they need to bala
