Here is a rundown of Cheddar News' top trending market stories of the day.
TWITTER CANNABIS ADS
Cannabis ads are coming to Twitter. The social media platform said it will start allowing ads featuring cannabis in states where the drug is legal. While Reddit currently allows ads for CBD products, Twitter will be the first social media app to allow advertising of products with THC content. The company said in a blog post announcing the change that it would create opportunities for “responsible cannabis marketing.”
FASTER INSTACART SHOPPING
Instacart is rolling out a new tool that aims to save "shoppers" (which in company parlance means workers) time and money. Called the "Queued Batches" feature, it allows users to accept a second order before they are finished with the first one. The company said this will cut down significantly on the amount of time shoppers spend in the store.
WORKER BURNOUT
A new study has shown that burnout is not only real but stronger than it was at the height of the COVID-19 pandemic. A survey by Future Forum found that more than 40 percent of people who work office jobs feel burnt out. Many experts are attributing this frustration to higher inflation, economic uncertainty, and fears of being laid off. The end of work from home policies may also be a factor.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
Archer Aviation founder and CEO Adam Goldstein shares big news about the aerospace company's new partnership with NASA and why they want to make your trip to the airport just five minutes long.
