Sprint and T-Mobile are merging because shared resources help both companies achieve their ambitions, said the Sprint CEO Marcelo Claure. "The world's best partnerships or the best mergers have been formed when the two companies realize that they need each other," he tells Cheddar's
Hope King.
For the full interview, [click here](https://cheddar.com/videos/ceos-of-t-mobile-and-sprint-discuss-merger).
Stocks closed higher on Wall Street as earnings reporting season got underway and CEOs began to show how well or poorly they’re navigating high inflation and a slowing economy.
Here is a rundown of Cheddar News' top market stories of the day.
Warner Bros. Discovery said it's raising the monthly fee of HBO Max to $16 from $15.
Cassette sales shot up nearly 30% in 2022, with Guardians of the Galaxy Vol 2. soundtrack as the top sale.
Barbara A. Friedberg, CEO at Wealth Media joined Cheddar News to discuss I-bonds, which are issued by the government, and how yields are adjusted.
Walmart is partnering with Salesforce to sell delivery technology to retailers.
Home Depot is changing its hourly pay policy after several pay-related lawsuits.
Subway could be gearing up for a sale that could value the company at $10 billion, according to reports.
Greg McBride, chief financial analyst at Bankrate.com, joined Cheddar News to discuss inflation trends. “I think with strong confidence that peak inflation is behind us, the trend is definitely one towards continued improvement but we've got a long way to go,” he said.
Nick Bodkins, CEO & founder of beverage collection Boisson, joined Cheddar News to discuss how the industry of non-alcoholic is gaining popularity. “This category is growing but it doesn't have that scale yet.”
