Brian Jacobsen, chief economist with Annex Wealth Management, joined Cheddar News to discuss the positive sessions for the stock market as investors were optimistic of a debt ceiling deal ahead of the June 1 deadline.
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Kel, Delta & Bumble: The Week's Biggest Newsmakers on the Week's Biggest News
Cheddar has been covering the biggest news of the week with some of the biggest names in the biz. In case you missed it, we've pulled together some of the highlights that will keep you informed as we get ready for the week ahead.
U.S. Stocks End Lower, Marking 3rd Losing Week in the Last 4
Stocks are closing lower on Wall Street, marking their third losing week in the last four. Banks, technology companies and industrials all helped pull major indexes lower Friday.
Kellogg's Reaches Tentative Agreement With Striking Workers
Kellogg's has reached a new tentative agreement with its 1,400 striking cereal plant workers that could bring an end to the strike that began Oct. 5.
CDC Panel Recommends Pfizer, Moderna COVID Shots Over J&J's
U.S. health advisers are recommending that most Americans get the Pfizer or Moderna vaccines instead of the Johnson & Johnson shot.
Big Tech Companies Sink, Pushing Nasdaq Composite Down 2.5 Percent
Technology companies led stocks lower on Wall Street Thursday as investors weighed the implications of higher interest rates as the Federal Reserve prepares to begin raising rates next year to fight inflation.
Ousted McDonald's CEO Returns $105M After Misconduct
Former McDonald’s CEO Steve Easterbrook has paid back more than $105 million in equity awards and cash to the burger giant after it learned that he had lied about the extent of his misconduct while he was its top executive.
Fed Chair Powell Drops 'Transitory' From Statement, Speeds Up Taper
The Federal Reserve has nixed the controversial word "transitory" to describe inflation in its latest policy statement. The change in language comes as the Fed plans to speed up its tapering of monthly asset purchases.
Stocks End Higher After Fed Accelerates Stimulus Pullback
Stocks rose steadily on Wall Street Wednesday after the Federal Reserve said it would accelerate its pullback of economic stimulus and would likely raise interest rates three times next year to tackle rising inflation.
Meme Stocks and Retail Investing Boom Failed to Bring Regulatory Changes — Yet
Despite the hype and headlines earlier this year around meme stocks and Robinhood, the SEC and FINRA have made few concrete changes around retail investing.
