Markets plunged more than 670 points, logging the worst week in 2 years. Lindsey Bell, Investment Strategist at CFRA Research, was with us to break down the factors causing stocks to tumble.
A positive jobs report that revealed 200,000 jobs in January and a 2.9% increase in wages are giving the Fed more ammo in its case to raise rates at a faster pace. It's not just rates that are a cause of concern, said Bell. The analyst said we are seeing China had a tough week over concerns over economic growth and financial regulation.
Bell said we also can't underestimate the impact the release of the GOP surveillance document had on the markets. This is a form of uncertainty, which could lead to investors pulling money out of the markets, she added. Bell said she thinks this is a healthy move downward and profit-taking is probably necessary. She said a 10% pullback could be in the cards.
New data shows job openings fell in October even though hiring remains healthy.
The holiday season is here and it could be a stressful time as people plan shopping, cooking and traveling. Sally Holmes, editor-in-chief of InStyle Magazine, joined Cheddar News to discuss a new social media trend #Treatculture that helps people take a moment to treat themselves and how that is a psychological benefit to relieve stress.
English Wikipedia raked in more than 84 billion views this year, according to numbers released Tuesday by the Wikimedia Foundation, the non-profit behind the free, publicly edited online encyclopedia. And the most popular article was about ChatGPT (yes, the AI chatbot that’s seemingly everywhere today).
Wikipedia has released its list of most viewed articles for 2023 with the site seeing over 84 billion visits. The most searched topic was ChatGPT with nearly 50 billion page views
Closing arguments are happening in a federal trial over whether Jetblue Airways will be allowed to buy Spirit Airlines for $3.8 billion.
Johnson and Johnson is reportedly looking to settle multiple lawsuits claiming that its baby powder causes cancer, according to Bloomberg.
Wells Fargo said it could face nearly $1 billion in severance costs in the fourth quarter.
The Supreme Court on Tuesday dismissed a case surrounding a Maine hotel that could have made it harder for people with disabilities to learn in advance whether a hotel's accommodations meet their needs.
The highly-anticipated trailer for Grand Theft Auto VI is out earlier than expected.
AT&T announced a new partnership with Swedish communications company Ericsson.
