We discuss what Gary Cohn's resignation could mean for President Trump's tariff plan. On Tuesday evening, the White House announced that Trump's top economic adviser was leaving. Cohn is a globalist who had clashed with the president over his proposed tariff on aluminum and steel imports. This news, in addition to fears over a global trade war, caused the markets to drop sharply on Wednesday.
The planned sale of the Weinstein Co. has collapsed yet again, just days after terms were agreed to. An investor group, led by former Small Business Administration head Maria Contreras-Sweet, called off the deal late Tuesday after learning the company was in more debt than previously thought. As part of the deal, the investors would have assumed $225 million in debt from the Weinstein Co. After learning new information about the company's finances, Maria Contreras-Sweet said she was forced to pull the deal.
Cheddar CEO Jon Steinberg talks to Discovery's CEO David Zaslav about the company's acquisition of Scripps. The new company will be called Discovery, Inc. Through this deal Discovery, Inc. now reaches 20% of women watching prime time pay-TV. "People are consuming more content than they ever have," says Zaslav. "The real question is, aside from the traditional ecosystem, who is going to be dominant? Who is going to have a strong seat at the table when it comes to content that is consumed on all these other platforms?" Zaslav believes Discovery Inc. has an advantage over its competitors when it comes to attracting mobile audiences.
And we're also joined by Michael Kramer from Seeking Alpha to explore whether Amazon shares have peaked for this year. The stock recently topped $1,500 for the first time ever. Kramer says if the stock follows the same pattern from years past, it could have already peaked for the year. Moving on to Tesla, Kramer points out how the stock seems to be impervious to bad news. He says investors don't really seem to care that Tesla consistently misses on quarterly earnings. In this sense, Kramer says Tesla has an "Amazon-like quality" to it.
Dave Long, CEO and Co-Founder of Orangetheory Fitness joins Cheddar to chat trends in the industry for 2024. He updates us on the company's plans to expand and what the state of the economy has meant for business.
One of the world's largest renewable energy developers will be getting hundreds of wind turbines from General Electric spinoff GE Vernova as part of a record equipment order and long-term service deal.
A moon landing attempt by a private US company appears doomed because of a fuel leak on the newly launched spacecraft. Astrobotic Technology managed to orient the lander toward the sun Monday so its solar panel could capture sunlight and charge its onboard battery.
Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database that collects ownership information intended to help unmask shell company owners. Yellen says the database will send the message that “the United States is not a haven for dirty money.”
A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of Education works on a redesign meant to make it easier to apply.
A steep budget deficit caused by plummeting tax revenues and escalating school voucher costs will be in focus Monday as Democratic Gov. Katie Hobbs and the Republican-controlled Arizona Legislature return for a new session at the state Capitol.
The first U.S. lunar lander in more than 50 years is on its way to the moon. The private lander from Astrobotic Technology blasted off Monday from Cape Canaveral, Florida, catching a ride on United Launch Alliance's brand new rocket Vulcan.
Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday.
Wall Street is drifting higher after reports showed the job market remains solid, but key parts of the economy still don’t look like they’re overheating.
