Elon Musk claimed that artificial intelligence has the potential to cause 'civilization destruction.' The billionaire is currently planning to come out with an AI platform, TruthGPT.
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Stock Market Kicks off New Month With Uncertainty, Ahead of Fed Meeting, More Earnings
Brian Vendig, president of MJP Wealth Advisors, joined Cheddar News to discuss the market ahead of the Federal Reserve's meeting on Wednesday and as investors digest JPMorgan's takeover of First Republic Bank, which was recently seized by regulators. A slew of earnings are also slated to be released this week as well.
FDIC Recommends Raising Insured Deposit Limit for Businesses
The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring only as much as $250,000 in bank deposits.
DeSantis Board Approves Suing Disney in Latest Tug-of-War
Members of the Central Florida Tourism Oversight District on Monday voted unanimously to sue Disney in state court in the Orlando area.
Investors File Lawsuit Against Adidas Over Kanye West Partnership
The saga of Adidas' high-profile break-up with Ye, formerly known as Kanye West, continues. Investors have filed a class action lawsuit alleging that executives were aware of Ye's behavioral issues well before Adidas ended its relationship with him last October.
Cheddar Afternoon News Briefings of May 1st
Cheddar Afternoon News Briefings
Breaking Down Consumer E-Commerce Trends
The top financial concern for Americans in 2023 is inflation. Sudha Chandrasekharan, SVP, of Global E-Commerce at Auctane, joins Cheddar News to discuss how this outlook will change consumer spending habits, and why e-commerce is playing a vital role in the economy.
Charlie Munger Says Trouble is Coming for the U.S. Commercial Property Market
Charlie Munger, vice chairman of Berkshire Hathaway, told the Financial Times that the U.S. commercial property market is in trouble. “It’s not nearly as bad as it was in 2008,” he said. “But trouble happens to banking just like trouble happens everywhere else.”
Writer's Guild Could Call Strike as Early as Tuesday
Labor strife is coming to a head in the entertainment industry, as the Writers Guild of America (WGA) said it's prepared to strike at midnight Tuesday if it doesn't come to terms with the Alliance of Motion Picture and Television Producers (AMPTP).
Stock Market Today: Markets Drift After Latest Bank Failure
Stocks drifted to a mixed close on Wall Street as investors braced for what they hope will be the last hike to interest rates for a long time.
