Stocks retreated in Thursday's session ahead of Friday's jobs data report.
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Sports Merch Company Fanatics Strikes Trading Card Deal for College Athletes
Sports merchandising company Fanatics announced it will be making trading cards featuring college athletes, a deal made possible by the NCAA's change to NIL rules for its players. Anchors Kristen Scholer and Ken Buffa break down the deal for Cheddar.
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EU Initiates First-Ever Quota for Women on Corporate Boards
The European Union has approved a 40 percent quota for women to sit on company boards. This comes as only 9 of the 27 EU member states have gender equality legislation.
Siponey Reimagines the Canned Cocktail Space
Amanda Victoria, co-founder and CEO of Siponey, joins Cheddar News to talk about the company's canned cocktails. The spritz is made with only four ingredients — wildflower honey, aged rye whiskey, sparkling water, and fresh lemon juice.
Squigs Beauty: Products Inspired by Indian Beauty Rituals
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Federal Grid Operators Warn Public Over Power Outages Ahead of Summer
Officials and power operators are bracing the public for blackouts caused by higher-than-average temperatures this summer. Utility officials in California and Arizona are warning of potential interruptions this summer due to the strain on energy supplies. Heat waves and drought conditions weaken power grids and available electricity reserves. This also makes hydroelectric power less reliable and raises the risk of wildfires. Cisco DeVries, CEO of OhmConnect, joins Cheddar News to discuss.
Investor Fears of Economic Slowdown Drive Stock Markets Lower
The markets opened lower on Thursday as investors hold their breath ahead of the May consumer price index, which will give investors a better picture of the state of inflation in the United States. Michele Schneider, a partner and the director of trading research and education for MarketGauge.com, joined Cheddar to discuss. "If the CPI read is softer than what's expected, we actually might get a rally," she said. "If it's more than expected, then I think it will spook the market."
