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Cheddar Afternoon News Briefings of March 22nd
Cheddar Afternoon News Briefings
JPMorgan Buys Firm Serving Startups in Wake of SVB Collapse
JPMorgan on Wednesday announced that it has entered an agreement to purchase Alumni, an analytics firm serving the venture capital industry.
Wall Street Holds Steady Ahead of Fed Decision on Rates
Stocks are holding relatively steady Wednesday as Wall Street bides its time until the Federal Reserve’s announcement in the afternoon about whether it will tighten the screws further on the economy.
GameStop Leads Meme Stock Rally in Pandemic Trade Comeback
Meme stocks are rising before the opening bell Wednesday after GameStop, one of the most heavily traded off-brand stocks during the pandemic, posted a surprise profit for the fourth quarter.
Inflation Pushes Consumers to Use 'Buy Now Pay Later' for Groceries
The rising cost of groceries is pushing more consumers to use Buy Now Pay Later (BNPL) services for necessities such as groceries, according to new data from Adobe Analytics.
Cheddar Morning News Briefings of March 22nd
Cheddar Morning News Briefings
Hard Seltzer Brand White Claw Expands Into Spirits With Vodka Line
White Claw helped make hard seltzer a staple for American drinkers. Now it's getting into the spirit business with its own vodka brand because of new rules passed during the pandemic.
Nike's Heavy Discounts Take a Bite Out of Profits
Nike's latest earnings blew past Wall Street expectations, despite excess inventory taking a bite out of profits and disappointing sales in China.
TikTok Rolls Out New Guidelines Restricting 'Deepfakes'
TikTok is banning deepfakes amid increasing pressure from the U.S. government over privacy and security concerns. CEO Shou Zi Chew announced the policy in a TikTok video on Tuesday two days ahead of his scheduled appearance before congress.
