Over the Thanksgiving weekend, American shoppers spent more than $1.5 billion on holiday shopping! Your Cheddar hosts Kristen Scholer and Tim Stenovec talk about what the rest of the holiday shopping season looks like, and how you can benefit from those credit card rewards. Shoppers are expected to spend over $107 billion just online this holiday season, which would be an increase of 14% from last year. Additionally, 64% of shoppers use their smartphones to research those purchases.

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Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
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