Biz Breakdown: WeWork Bankruptcy, Shein Valuation Reports and EV Backup Gas Generator

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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The New Subscription Plan for X

Elon Musk announced two new subscription tiers for people who want the premium experience. This, as some users in some countries may have to pay a very small fee to access the platform for more. Cheddar News' senior reporter Michelle Castillo explains.

Redfin: $114K Income Needed to Afford Average Home

A U.S. homebuyer must earn just over $114,000 to afford an average-priced home, according to a report from Redfin.

American Express, Others Post Earnings

Several companies, including American Express, First Bancorp and Comerica, posted earnings Friday.

Newlyweds Asking for 'Home Fund' Donations

New research from Zillow finds more and more couples are adding a home fund to their wedding registries to help them buy their first home.

Rite Aid to Close Over 100 Stores

Rite Aid is set to close more than 100 stores with efforts currently underway to try to sell dozens of stores across a dozen states.

Musk: Two Subscription Tiers Coming to X

Social media platform X will soon have two new paid subscription tiers.

Stocks Dip After Bond Yields Spike & Following Fed Chair Remarks

Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.

Sam Bankman-Fried's Lawyer Testifies at Fraud Trial

Sam Bankman-Fried's Lawyer Testifies at Fraud Trial

Jerome Powell Says Federal Reserve is Committed to Lowering Inflation

Jerome Powell Says Federal Reserve is Committed to Lowering Inflation

Stretching Your Dollar: CEO Karl Jacob on the Importance of Credit Scores

The basics of credit scores and reporting.

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