Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
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A Look at the Some of the Big Tech Companies Announcing Layoffs
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
U.S. Economy Seems Headed for a Soft Landing
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
$50M+ Improperly Spent on Defense Department Credit Cards During COVID Pandemic
In one instance, funds were spent to investigate a sinkhole, according to a recent Defense Department Inspector General report.
How To Tackle Overdue Taxes This Year
1. If you get a notice, read it.
TurboTax Maker Intuit Cannot Advertise Tax Services as 'Free' if They Are Not Free for Everyone
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.
Investing in Artificial Intelligence with Thomvest Ventures
Don Butler, Managing Director at ThomVest Ventures, shares how his company is investing in innovations in A.I., cybersecurity, and more.
WWE's 'Raw' is Moving to Netflix Next Year in a Major Streaming Deal
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica's Investigation Into Fraud Using Walmart Gift Cards
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Why the ‘Debt Bubble’ Should be a Concern for Investors
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
