Democrat Pete Buttigieg is ending his campaign for president.
Three people with knowledge of Buttigieg’s decision tell The Associated Press he is informing campaign staff. They were not authorized to speak publicly and requested anonymity.
His campaign says Buttigieg will speak Sunday night in South Bend, Indiana.
Buttigieg rose to the field's top tier but failed to notch enough wins in the critical early states necessary to keep his bid moving forward.
The millennial, Afghan War veteran and former mayor of South Bend, Indiana, defied expectations in a field of better-known candidates for months while becoming the first openly gay top contender for a major party nomination.
“Mayor Pete” burst onto the scene with a blitz of national media a year ago and impressive fundraising. He leaned hard into a next-generation message of urgency on pressing issues while preaching a message of hope and inclusion.
Inflation has risen to its highest level in 31 years, sending consumer prices on everything from groceries to gas to rent surging. For many businesses, that's good news as inflation typically means better profit margins. According to data from FactSet, nearly two out of three of the biggest U.S. publicly traded companies have reported fatter profit margins so far this year compared to the same stretch of 2019, before the pandemic. Gregory Daco, chief U.S. economist for Oxford Economics, breaks down how the top businesses are reaping the benefits of inflation, and when consumers can expect inflation to ease.
Meta, the parent company of Facebook, is facing a lawsuit from Ohio's attorney general Dave Yost, who said the company misled the public about safety on the platform.
Cases of covid-19 are climbing in the Upper Midwest, Southwest, and parts of the Northeast. The seven-day national average is sitting at roughly 82,000 new cases which is an 11 percent jump from the week before. Dr. Amesh Adalja, Infectious Disease, Specialist, Sr. Scholar at Johns Hopkins Center for Health Security joined Cheddar's Opening Bell to discuss this recent uptick ahead of the holiday season.
Markets were pointing to a higher open to kick off the third trading week in November. It comes as stocks come off a losing week in reaction to October's consumer price index--which showed inflation at its highest point in over 30 years.
Ryan Detrick, Chief Market Strategist for LPL Financial joined Wake Up with Cheddar to discuss.
Harvard Business School Professor Ranjay Gulati joined Wake Up With Cheddar to break down the massive challenge the Biden Administration faces in ensuring projects in the $1.2 trillion infrastructure bill are completed on time and on budget.
Jill is joined by Baker Machado to talk all things infrastructure: where will the money go and who’s in charge? Plus, Sesame Street has its first Asian-American muppet. And a trailer for the trailer for Spiderman. Huh?
In this week's Cheddar Changemakers, Megan Pratz spoke with a 16-year-old climate activist Sarah Goody. She is the founder of a youth-led climate action group 'Climate NOW.'
We toss around the term "democracy is under attack" quite often without thinking too much, but one organization is actually stepping up to do something about it. The Fairness Project is a group that funds and organizes state ballot measures across the country. It has used ballot initiatives on campaigns aimed at expanding Medicaid, adding more paid time off, and raising minimum wage. It recently launched a new direct democracy campaign to fight back against attempts to make ballot measures inaccessible.
Kelly Hall, executive director of The Fairness Project, joined Cheddar Politics to discuss more about the group's efforts to push for economic and social justice, avoiding partisan gridlock.
Doug Flynn, Certified Financial Planner and Co-Founder of Flynn Zito Capital Management, joins Cheddar News' Closing Bell, where he says he believes the news of the infrastructure bill was already priced into the market and that inflation continues to loom large on Wall Street.
President Joe Biden signed into law today his landmark $1.2 trillion infrastructure bill, and it includes approximately $550 billion in new funding for increased broadband access, improving the power grid, and more. But what does this mean for the American economy, and American workers? Eliza Collins, Politics Reporter at The Wall Street Journal joins Cheddar News' Closing Bell to discuss what's included in the bill, which former mayor has been tapped to oversee how the bill is implemented, and how these new infrastructure investments will impact the economy.
