The Hive's hosts Jon Kelly and Kristen Scholer discuss the latest news in politics, business, and technology. From Hope Hicks' sudden departure from the White House to the Kardashian's impact on social media, we have you covered.
Vanity Fair's Tina Nguyen says that Hope Hicks has always had a special place in the White House, she just hadn't been pushed into the public eye. All that changed when her boyfriend, Rob Porter, was accused of assaulting his ex-wives. That, plus her testimony at a House intelligence briefing over "white lies" she's told seemed to put her over the edge and caused her to resign.
Plus, no one thought John Kelly could nuke out Jared Kushner...but he did! Kushner's security clearance has been downgraded this week and his future at the White House is uncertain.
David Wright, president and owner of Wright Financial Group LLC, joined Cheddar News to discuss Thursday's trading as stocks closed higher amid strong tech profits. But Wright says banking stress could sway markets down as the Federal Reserve could weigh more rate increases.
The Gap is laying off 1,800 corporate workers, roughly three time the number of headquarters jobs it cut last fall, as the struggling chain cuts costs in a bid to become more nimble.
Tyson Foods is eliminating about 10 percent of corporate jobs and 15 percent senior leadership positions, according to a memo obtained by Reuters. The cuts are just the latest attempt to trim costs amid falling profits.
Verizon is taking steps to speed up its 5G network in rural areas. The company said it plans to extend its C-band 5G network across a larger suburban and rural footprint, meaning faster speeds for customers in those areas.
Facebook parent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading.
