Stocks are closing lower on Wall Street Tuesday after another volatile day of trading. Technology companies like Microsoft were again the biggest drag on the market.
Jarrod Loadholt, a partner at the law firm Ice Miller LLP, joined Wake Up With Cheddar to break down what's causing the current major crypto crash with Bitcoin and Ether both falling more than 50 percent below their recent highs. "Some investors are pricing in what's very likely to be the end of loose monetary policy," Loadholt said, pointing to the likelihood of the Federal Reserve shortly reversing course on pandemic-era easing. He also went into what the future holds for cryptocurrencies.
They say life is about the journey, not the destination — and how you get there makes all the difference. Americans shunned train stations, roadways, and airports amid the coronavirus pandemic, never realizing things could be fundamentally different when they return. In this episode, we're exploring the evolving world of transportation, from how we get around to how goods get to us.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games.
