Heather Haddon, reporter for The Wall Street Journal, shares her thoughts on Kroger becoming the third retailer to raise the age for buying a firearm to 21. Walmart and Dick's Sporting Goods made similar changes recently.
Haddon notes this decision wasn't made in response to Kroger shareholders who asked for similar measures to be taken back in 2016. In reality, she says this will only affect a small number Kroger-owned Fred Meyer locations. There are 43 Fred Meyer stores nationwide.
Haddon says if the NRA is upset with any of these retailers it's probably Walmart because they are the largest retailer in America. Kroger is the largest supermarket chain in the country.
The Federal Reserve on Wednesday evening said its long-awaited digital payment system, the FedNow Service, will start operating in July. The service is designed to provide a national platform for financial institutions to settle payments in real-time and at lower cost. That could include large banks, payment processors, and the U.S. Treasury.
A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee that the nation's banking system “remains sound” and Americans "can feel confident” about their deposits.
Kellogg announced last year that it was splitting into two companies, one focused on snacks and the other on cereal. Now it's revealed what those new companies will be called. The cereal business will retain the name Kellogg's, while the snack business will be called Kellanova.
Credit Suisse’s shares have soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank.
Melissa Armo, founder and owner of The Stock Swoosh, joined Cheddar News to discuss Wednesday's session as stocks closed down amid concerns over a banking crisis and ahead of next week's Fed meeting.
