Dow Set to Stabilize After Dropping Over 500 Points
Your Cheddar hosts Kristen Scholer and Tim Stenovec bring you today's top financial news headlines. From a market sell-off to consumer spending, we have you covered!
Global stocks mostly steadied on Wednesday in pre-market trading, keeping major equity benchmarks on pace for monthly gains. Futures point to a higher open for the Dow after rising bond yields and pressure on the healthcare sector sent it to its biggest daily drop since May on Tuesday.
Plus, strong job prospects and a general upswing in the market in recent months have triggered a decrease in saving for many Americans. According to the Commerce Department, an increase in consumer spending in December led to a 12 year low in the U.S. household saving rate. This was the lowest saving rate since the height of the housing boom in the early 2000s.
Lacy Garcia, Founder & CEO of Willow, shares why women, traditionally underserved by fintech, are looking for trust and a personal relationship from their financial advisor.
Alexander Reed, CFA and CIO for Envisage Wealth, breaks down why he thinks rates could stay higher for longer and why real estate, utilities, and regional banks are sectors to avoid.
Big brands that have relied on TikTok videos to reach younger consumers do not appear to be panicking as they wait to see what happens. But they have started planning.
It's been 15 years since the last fatal crash of a U.S. airliner, but you wouldn't know that from a torrent of flight problems that made news in the last three months.
Abortion opponents want the high court to ratify a ruling from a conservative federal appeals court that would limit access to a medication called mifepristone, which was used in nearly two-thirds of abortions last year.
Annie Chechitelli, chief product officer at Turnitin, breaks down how students and teachers alike can learn from artificial intelligence – while still maintaining academic integrity.
Neiman Marcus Group CEO Geoffroy van Raemdonck talks luxury shopping and TikTok, why the company prefers to be private for now, and the benefits of flexible work arrangements.
Rebecca Walser, founder and CEO of Walser Wealth Management, discusses how geopolitical conditions, the bifurcated economy, and other volatility could weigh on markets.
