In Wednesday's business headlines, Microsoft CEO Satya Nadella is due in court to defend the company's takeover of Activision Blizzard and United Airlines is under fire over its recent cancellations with CEO Scott Kirby blaming the FAA for the disruptions. Meanwhile, a judge approved Overstock's purchase of Bed Bath & Beyond assets.
Share:
More In Business
Cheddar Afternoon News Briefings of May 23rd
Cheddar Afternoon News Briefings
Afternoon Alexa Flash Briefings of May 23rd
Afternoon Alexa Flash Briefings
Century 21 Returns to NYC After Closing Early in Pandemic
Century 21 was a long-time staple for bargain shopping in Manhattan when it went belly up in 2020 at the height of the COVID-19 pandemic. Now, as of last week, the store has reopened and some locals see it as a sign of an economic recovery in New York City.
Stock Market Today: Wall Street Slips as Debt Worries Hang
Wall Street is slipping Tuesday as the U.S. government creeps closer to the edge of a potentially disastrous default on its debt.
Cheddar Morning News Briefings of May 23rd
Cheddar Morning News Briefings
Paramount+ Will Absorb Showtime Next Month in Bid to Compete With Netflix, Max
Paramount Global is set to absorb Showtime into Paramount+, creating a single streaming option to compete with the likes of Netflix and Warner Bros. Discovery’s Max. The company also plans to raise the monthly price from $9.99 to $11.99 per month after the integration.
Stretching Your Dollar: How a U.S. Default Could Affect Your Investment Portfolio
Debt ceiling talks are underway in Washington, DC ahead of a default deadline. Michael Rosen, chief investment officer with Angeles Investments, joined Cheddar News to explain how a potential default could affect investment portfolios, among other items, for Americans.
Australia Cracks Down on Buy Now, Pay Later
Australia's government announced regulations for buy now, pay later services, which will be labeled as consumer credit products, which puts them under the country's Securities and Investments Commission's watch.
Report: Walmart to Partner with Vet Telehealth Company
Walmart is reportedly teaming up with pet telehealth provider Pawp, giving subscribers unlimited access to vet services via video and text, starting on Tuesday.
