A new report said the private sector added 103,000 jobs in November while refinance applications climb as mortgage rates dip. Plus, the FTC is once again looking to block the Microsoft-Activision deal and McDonald's is looking to buy 10,000 new locations by 2027.
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Analyst Breaks Down Thursday's Market as Stocks Climb Amid Strong Tech Earnings
David Wright, president and owner of Wright Financial Group LLC, joined Cheddar News to discuss Thursday's trading as stocks closed higher amid strong tech profits. But Wright says banking stress could sway markets down as the Federal Reserve could weigh more rate increases.
Lyft Laying Off Over 1,000 Workers
Lyft announced it's laying off over 1,000 workers, or about 26% of its workforce, and also revealed it's scaling back hiring.
Gap Cuts 1,800 Corporate Jobs Amid Sales Slump
The Gap is laying off 1,800 corporate workers, roughly three time the number of headquarters jobs it cut last fall, as the struggling chain cuts costs in a bid to become more nimble.
Cheddar Afternoon News Briefings of April 27th
Cheddar Afternoon News Briefings
Afternoon Alexa Flash Briefings of April 27th
Afternoon Alexa Flash Briefings
Traders Cautious About Big Tech Earnings
Cheddar News' Angela Miles reports live from Chicago to break down what the options market is predicting about big cap tech stocks.
Stock Market Today: Meta's Surge Fuels Big Wall Street Rally
Wall Street steamed to its best day since January after Meta Platforms became the latest Big Tech company to blow past profit forecasts.
Report: Tyson Foods Is Eliminating 10 Percent of Corporate Jobs
Tyson Foods is eliminating about 10 percent of corporate jobs and 15 percent senior leadership positions, according to a memo obtained by Reuters. The cuts are just the latest attempt to trim costs amid falling profits.
Verizon is Planning to Expand 5G Network in Rural Areas
Verizon is taking steps to speed up its 5G network in rural areas. The company said it plans to extend its C-band 5G network across a larger suburban and rural footprint, meaning faster speeds for customers in those areas.
