With Americans watching multiple banks collapse this year, there are growing concerns about their own accounts and whether or not they can trust financial institutions. Marty Cantor, CPA and economic development consultant, joined Cheddar News to break down why some banks are struggling and what certain income earners should considering doing with their own finances. "If you have less than $250,000 in your own name in any bank, or $500,000, if you have joint tendency, you're going to be ok because the FDIC will protect it. The credit unions have a national association of credit unions that provide the same coverage. But if you're over $250,000, an individual depositor, you ought to take a hard look and maybe move some money to another bank," he said.
DirecTV and EverPass Media agreed to a deal to commercially provide the NFL Sunday Ticket package.
British cinema chain Cineworld is hoping to exit bankruptcy protection in July.
MoviePass launched its points-based subscription service ahead of the busy summer season.
OpenAI may pull its services in Europe due to new regulations.
Delaware state officials are hoping artificial intelligence can help evacuate beaches when floods hit.
WeWork said its chief executive and chief financial officer both plan to step down.
Shares of e-commerce giant Alibaba fell as China braces for a new wave of Covid.
Dish Network is in talks to sell wireless phone plans through Amazon, according to The Wall Street Journal.
Best Buy topped profit estimates in its latest quarter but also said consumers are spending more cautiously.
Nvidia topped earnings expectations, citing surging demand amid heightened interest in artificial intelligence.
