Layoffs have sent waves of concern among workers, making many people wonder what they'd do if they lost their job. According to a recent Federal Reserve report, 24 percent of adults indicated they would have trouble paying monthly bills if they were laid off. So we thought we'd bring in a Wall Street veteran and financial expert for some tips on how to navigate losing your job. Vivian Tu, CEO and founder of Your Rich BFF, joined Cheddar News to break it down.
Cheddar News' Courtney Sturgeon reports live from the options trading floor to break down the busy earnings week ahead for big tech, and the launch of Cboe's 1-Day Volatility Index (VIX1D).
Haley Sacks, founder and CEO of Finance Is Cool, joined Cheddar News to provide tips on when hiring a financial planner is needed. "They will help you figure out exactly how to maximize your personal situation," she said. "They're going to think about your long-term plans, consider your goals and incorporate all of that into the structure that they create for you."
Scott Wren, senior global market strategist with Wells Fargo Investment Institute, joined Cheddar News to discuss Monday's market trading as earnings continue to trickle in and ahead of a Federal Reserve meeting next week.
The Walt Disney Co. will be laying off several thousand employees this week, a second round of cuts that’s part of a previously announced plan to eliminate 7,000 jobs this year.
