Disney reported a mixed performance in its latest quarterly results.
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Technology, Bank Stocks Drag Wall Street to New Low for 2022
Stocks fell to a new low for the year on Wall Street Tuesday and bond yields surged amid renewed jitters the Federal Reserve will lift interest rates to tackle rising inflation.
Microsoft Buys Game Maker Activision Blizzard for About $70 Billion
Microsoft is paying nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty, as it seeks an edge in the fiercely competitive businesses of mobile gaming and virtual-reality technology.
GreenPower Motor to Bring All-Electric School Buses to West Virginia in 2022
GreenPower Motor Company CEO Fraser Atkinson joined Cheddar News to discuss Gov. Jim Justice's plan for West Virginia to reduce carbon emissions in 2022 by adding a school bus fleet of B.E.A.S.T.s — or battery-electric automated school transportation. Atkinson discussed why the state was perfect for manufacturing electric buses, and the economic impact its facilities will have on the region. He also noted a health impact the new vehicles could have, citing research that children from kindergarten to sixth grade are most at risk for cancers and respiratory illnesses due to exhaust pollution.
Front Burner Brands Navigates Restaurant Prices Rising Slower Than Cost of Groceries
As food prices continue to rise, the cost of eating at home is starting to outweigh the cost of eating out. According to the Labor Department, grocery prices jumped a whopping 6.5 percent in December, while restaurant prices rose only 6 percent. Daniel Ammen, the senior director of project management and purchasing at restaurant management company Front Burner Brands, joined Cheddar to discuss how its own restaurant, The Melting Pot, is navigating the cost differential and how its restaurants overall are dealing with ongoing staffing shortages.
The Week's Top Stories: Ford Tough, Bank Headwinds & Holiday Slowdown
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Crypto Community Pressures Stablecoins to Make Their Reserves Transparent
Two of the biggest names in crypto had a public spat this week over whether stablecoin issuers should have to reveal to the general public what's in their reserves.
December Retail Sales Slip After a Record Holiday Season
Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season.
LodeStar Works CEO on Finding Non-Political Solution to Gun Violence With Smart Tech
Amid a rise in gun-related deaths in 2021, a smart technology solution is being touted to help personalize and secure the use of firearms for owners in hopes of preventing unauthorized use and accidents. Gareth Glaser, president and CEO of LodeStar Works talked with Cheddar about adding fingerprint or smart tech locks to its 9mm handgun as a way of addressing the deadly issue without a partisan viewpoint. "We felt a technical solution would be the best way to go," Glaser said. "It's nonpolitical, and it actually addresses the product itself as opposed to a cultural issue."
Stocks Close Lower, Nasdaq Snaps Three-Day Winning Streak
Stocks closed lower Thursday and the Nasdaq snapped a three-day streak as tech stocks tumbled. Investors have been eyeing how the Federal Reserve will implement its more aggressive monetary policy amid rising inflation, including three potential rate hikes this year, with the first one coming as soon as March. Melissa Brown, Managing Director of Applied Research at Qontigo, joins Cheddar News' Closing Bell to discuss today's close, market valuations, big tech weakness, moving into bonds, and more.
