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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Cheddar Afternoon News Briefings of March 16th
Cheddar Afternoon News Briefings
US Jobless Aid Claims Fell Last Week as Layoffs Remain Low
Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool the economy and tamp down inflation.
Stocks Rally After Battered First Republic Gets a Lifeline
Stocks rallied after a group of big banks offered a lifeline to the bank Wall Street had zeroed in on in its hunt for the next victim in the industry’s struggles.
Fed Set to Launch Digital Payments System Over the Summer
The Federal Reserve on Wednesday evening said its long-awaited digital payment system, the FedNow Service, will start operating in July. The service is designed to provide a national platform for financial institutions to settle payments in real-time and at lower cost. That could include large banks, payment processors, and the U.S. Treasury.
Yellen Says Banking System 'Remains Sound,' Defends Rescue to Senators
A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee that the nation's banking system “remains sound” and Americans "can feel confident” about their deposits.
Cereal Giant Kellogg Is Set to Rename Snack Business 'Kellanova'
Kellogg announced last year that it was splitting into two companies, one focused on snacks and the other on cereal. Now it's revealed what those new companies will be called. The cereal business will retain the name Kellogg's, while the snack business will be called Kellanova.
Cheddar Morning News Briefings of March 16th
Cheddar Morning News Briefings
Credit Suisse Shares Soar After Central Bank Aid Announced
Credit Suisse’s shares have soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank.
Waze to Show EV Charging Stations Soon
Waze will soon make it easier for EV owners to find charging stations on the road.
