Be Well: Federal Reserve Introduces FedNow Payment System
Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about the Federal Reserve's newest payment system, FedNow Service. That platform is designed to make real-time payments more widely available for businesses and individuals.
In Wednesday's business headlines, Microsoft CEO Satya Nadella is due in court to defend the company's takeover of Activision Blizzard and United Airlines is under fire over its recent cancellations with CEO Scott Kirby blaming the FAA for the disruptions. Meanwhile, a judge approved Overstock's purchase of Bed Bath & Beyond assets.
Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.
