Despite Doubts, Falcon Heavy Has a Successful Launch
SpaceX has officially launched the Falcon Heavy. This is the world's most powerful rocket and the launch captivated many around the world.
John Timmer is a Science Writer for Ars Technica. He joins Cheddar to discuss how monumental this launch was for SpaceX.
Not only did the rocket take off despite delays and doubt from experts, the launch was executed very closely to the plan. The two side boosters successfully separated from the main-stage rocket and now "Starman" and his Tesla are orbiting around in space.
Credit Suisse saw its shares stabilize after the Swiss National Bank approved a loan of nearly $54 million for the company. A top investor notified Credit Suisse on Wednesday that it wouldn't be able to provide further assistance to the lender.
Cheddar News breaks down what surge pricing is and how it works as a variety of businesses are taking notes from models long used by airlines and ridesharing companies to boost profits.
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.
