Adobe shares rose after reporting earnings that topped estimates.
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Key Inflation Gauge Slowed to Still-High 6.3 Percent Over Past Year
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020.
Wall Street Breaks 7-Week Losing Streak, Longest Since 2001
Stocks rose on Wall Street Friday and closed higher for the week, breaking a seven-week losing streak, the longest such stretch since 2001.
Stocks Close Near Session Highs After Robust Retail Earnings
U.S. stocks ended near session highs to close Thursday's session after retailers released positive earnings results. Investors also continued to weigh the federal reserve's recent indication that the central will raise rates in an effort to curb inflation. Adam Johnson, Portfolio Manager for Adviser Investments, joins Cheddar News' Closing Bell to discuss.
SEC Role as Judge and Jury Is on the Line With 5th Circuit Court Ruling
In Jarkesy v. Securities and Exchange Commission, the 5th U.S. Circuit Court of Appeals ruled that the SEC violated the U.S. Constitution. Cheddar's Alex Vuocolo dives into how the ruling could potentially change everything for regulators.
Memorial Day 2022 to Jump Start Summer Travel, Return of International Vacations
Two years removed from the start of the pandemic and millions of vaccine doses later, the travel industry is rebounding.
Pfizer Plans Lower Prices on Vaccines for Lower-Income Countries
Pfizer said it will be shipping its vaccines at not-for-profit prices to 45 low-income countries. The pharmaceutical giant will be exporting 23 drugs, including those that treat cancer, heart conditions, autoimmune diseases, as well as COVID-19.
Tesla Stock Down 47% from Highs as Investors Slash Valuation
Elon Musk officially dropped out of the $200 billion club. The move comes as Tesla's stock continues to plummet as a number of banks and analysts reconsider their lofty valuation of the automaker. Greg Martin, Co-Founder, Rainmaker Securities joined Cheddar's Opening Bell to discuss.
Biz Breakdown: Musk's Shifting Twitter Offer, Pfizer Drops Vaccine Cost For Some Countries, Oreo & Ritz Create Cracker-Cookie Sandwich
On today's Biz Breakdown: Elon Musk ups his offer to buy Twitter, Pfizer drops vaccine cost for some lower income countries, and Oreo & Ritz team up to create a cracker-cookie Sandwich
Todays Top Stories: Musk's Money for Twitter, iPhone Production & Apple Retail Wage
Catching you up on today's top stories with Elon Musk raising his own commitment to purchasing Twitter with $33.5 billion, Apple plans to produce 220 million iPhones this year, and the company also is raising its hourly retail wage to $22 per hour amid ongoing unionization efforts at its stores.
