Ed Egilinsky, Managing Director, Head of Sales and Distribution & Alternatives at Direxion, joins Cheddar News to discuss how traders are navigating rising interest rates, the pros and cons to a 'risk on' mindset, and what to keep an eye out for as earnings season heats up.
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Kraft Heinz undoes blockbuster merger after a decade of falling sales
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
OpenAI and Meta: Our chatbots must better respond to teens in distress
OpenAI and Meta are adjusting how their chatbots respond to teenagers showing signs of distress.
NVIDIA Beats Earnings, But the Stock Still Falls. Here's Why.
Ray Wang, Founder & Chairman of Constellation Research, discusses Nvidia's second quarter results.
The Hottest Destinations for Labor Day Travel
Brigit Zimmerman, Chief Commercial Officer at Priceline, discusses the top trends and places for Labor Day weekend travel.
Big Business This Week: Is Elon Musk toxic for Tesla?
Elon Musk may not have founded Tesla, but he has become the company, and it’s become him. Now sales are plummeting. Is he toxic for the Tesla?
780,000 pressure washers are under recall after explosions
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
Tesla sales plunge again in Europe as anger at Musk keeps buyers away
Europeans upset with Elon Musk still aren’t buying his electric cars, adding to a long losing streak for his company.
Trump fires Democratic board member ahead of huge rail merger decision
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford recalls more than 355,000 pickup trucks over dashboard failures
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
