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.
Google Flight added a new feature that tracks flight prices.
Businesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation.
American Airlines said it was fined $4.1 million for keeping passengers on planes during long on-ground delays.
3M said it will pay $6 billion to settle lawsuits claiming that it sold defective earplugs to the U.S. military.
Meta said it disrupted a campaign of disinformation linked to Chinese law enforcement.
Buying your first home can be challenging with rising interest rates and other costs. Cheddar News spoke with Amira Elgoneimy, a premiere agent with Redfin who caters to the New Brunswick, NJ area, and Daryl Fairweather, chief economist with Redfin, about the process involved in purchasing a residence in a competitive market.
Experts from Redfin real estate brokerage explain the challenges buyers are experiencing as they try to buy their first homes.
The Biden administration is targeting the blood thinner Eliquis, diabetes treatment Jardiance and eight other medications for Medicare's first-ever drug price negotiations as it seeks to lower medical costs for Americans.
Disney's visual effects workers filed to unionize, according to Variety.
Bath & Body Works is looking to hire thousands of workers for the holiday season.
