CES About to Kick Off, and Everyone's Talking About the Golden Globes
Tech giants converge on Las Vegas for the 50th Consumer Electronics Show where the latest devices, gadgets, and toys will be on display. One of the major themes this year: Google trying to take away some of the share from Amazon in the digital assistant space.
Plus streaming services take home 5 awards at the Golden Globes, but who's the big winner? Amazon and Hulu took home 2 trophies each, and Netflix picked up one of its own, while Time Warner's HBO brought in 4 for its miniseries "Big Little Lies."
Intel also faces continued fallout from the chip vulnerabilities revealed last week, while SpaceX is getting ready to test fire its Falcon Heavy rocket. And David Letterman's new Netflix show will debut on Friday with former president Barack Obama as its first guest.
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 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.
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.
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.
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.
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.
