These are the headlines you Need 2 Know for Wednesday, February 19, 2020:
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Hard Seltzer Brand White Claw Expands Into Spirits With Vodka Line
White Claw helped make hard seltzer a staple for American drinkers. Now it's getting into the spirit business with its own vodka brand because of new rules passed during the pandemic.
Nike's Heavy Discounts Take a Bite Out of Profits
Nike's latest earnings blew past Wall Street expectations, despite excess inventory taking a bite out of profits and disappointing sales in China.
TikTok Rolls Out New Guidelines Restricting 'Deepfakes'
TikTok is banning deepfakes amid increasing pressure from the U.S. government over privacy and security concerns. CEO Shou Zi Chew announced the policy in a TikTok video on Tuesday two days ahead of his scheduled appearance before congress.
The Day Ahead: Fed Rate Hike Decision and More Earnings
Cheddar News looks ahead to The Day Ahead as the Federal Reserve meets to decide on a rate hike. Earnings are also on tap from Petco, Chewy and KB Home.
Duolingo Taps ChatGPT to Provide Users With Personalized Feedback
Language app Duolingo last week launched a new subscription tier, called Duolingo Max, that uses an artificially intelligent chatbot to provide more personalized feedback to learners.
Moody's Upgrades Tesla Credit Rating
Moody's upgraded Tesla's credit ratings, citing its leadership in the EV market.
Morgan Stanley Bullish On Meta, Citing Cost-Cutting
Morgan Stanley has upgraded Meta to 'overweight' from an 'equal weight' as the social media giant continues to cut costs.
Netflix Taps 'Avengers: End Game' Team to Produce Potential Franchise Film
Netflix Taps 'Avengers: End Game' Team to Produce Potential Franchise Film
Foot Locker to Close 400 Mall-Based Stores By 2026
Foot Locker plans to close about 400 mall-based stores by 2026 as it looks to focus on its young shoppers with new concepts.
