Fake news on Twitter travels six times faster than real news and reaches far more users according to a study released by researchers at MIT. Can fake news be stopped?
Sascha Segan is the lead analyst for PCMag.com. Segan joins Cheddar to explain why this problem is so rampant and what needs to be done to stop the problem.
Segan explains that falsehoods are a hard problem to deal with unless the platforms, Facebook and Twitter are willing to take responsibility and control the problem.
Segan says lies are so shareable because they can be constructed to be as fun as possible. In his words, "Lies have no boundaries."
In terms of fixing this problem, Segan says Twitter and Facebook need to come to grips with the fact they are publications and they are editors. They need to take responsibilities over their platforms and seek out lies.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
