Your Cheddar hosts Kristen Scholer and Tim Stenovec break down today's top stories, from taxes to crypto.
Shares of Kodak more than doubled Tuesday after the company announced plans to jump into the cryptocurrency market. The photo imaging giant has plans for an initial coin offering called KodakCoin. The digital currency would be the backbone of a platform to help photographers license their work and track unauthorized use of their photos.
Plus, the newly passed tax law could save Americans billions of dollars on their utility bills. Electric companies in Massachusetts, Illinois, Oregon, and other states have announced plans to pass tax savings onto their customers.
Ahead of the release of October's consumer inflation data Tuesday, you may notice changes from the Bureau of Labor Statistics. When it comes to how it estimates health insurance costs, the move is expected to give a boost to the U.S. inflation measure which will reverse a trend that has provided some relief.
A handful of retailers will report earnings this week, including Home Depot, Target, Walmart and Macy's, as gas prices peaked in September to the end of this latest quarter while borrowing costs remain at their highest levels in decades.
