Disney reported a mixed performance in its latest quarterly results.
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Morning Alexa Flash Briefing of January 14th
Alexa Flash Briefings
Cheddar Morning News Briefing of January 14th
Cheddar Morning News Briefings
Cheddar Morning Spotify News Briefings of January 14th
Cheddar Morning Spotify News Briefings
Qraft Technologies Raises $146 Million to Accelerate A.I. in Asset Management Industry
A.I.-enabled fintech company Qraft Technologies recently closed a $146 million investment from SoftBank Group Corp. The companies say they are entering a partnership to accelerate artificial intelligence in the asset management industry. Qraft has already developed A.I. solutions that have been used by major financial institutions and says its new approach to asset management maximizes investment efficiency. Qraft Technologies U.S. CEO Robert Nestor joined Cheddar News' Closing Bell to discuss.
Navient Settles Predatory Student Loan Claims for $1.85 Billion
Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle allegations of abusive lending practices.
Indexes End Mostly Higher, but Still Log Another Losing Week
A late-afternoon recovery in technology stocks helped erase most of the market’s losses Friday, but it wasn’t enough to keep major indexes from logging their second losing week in a row.
Bank of America Slashes Fees for Account Overdrafts
Bank of America slashed the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks.
U.S. Jobless Claims Rise by 23,000 to 230,000
The number of Americans applying for unemployment benefits rose last week to the highest level since mid-November.
Tech Stocks Lead Wall Street Lower Again, Nasdaq Falls 2.5 Percent
Technology stocks led another decline on Wall Street Thursday, leaving the Nasdaq composite down 2.5%. Microsoft, Nvidia and other big tech companies had some of the biggest losses.
