Your Cheddar hosts Kristen Scholer and Tim Stenovec discuss the top news of the day. A recent study is blowing the conception that millennials are bad at saving out of the water. Plus, the Federal Reserve has a new Chairman....but they're coming in at a time where the U.S. dollar is at its lowest. All these and more on today's episode of Your Cheddar.
According to a new report, 16% of millennials have $100,000 or more in their savings account. Which proves that millennials may actually know what they're doing with their money. Other findings: 59% feel financially secure, 63% save money and 54% are budgeting.
Plus, Jerome Powell will take over for Janet Yellen as Federal Reserve Chairman in early February. Powell has been a Federal Governor since 2012. However, Powell is stepping into this position as the U.S. dollar is at its weakest point since 2014. The dollar's continuing decline is driven by a growing belief that major central banks outside the U.S. will shift away from their ultra-easy monetary policies this year.
IBM Fellow Jerry Chow talks IBM’s expansion of the Quantum Data Center in Poughkeepsie, installing Heron processors that deliver utility‑scale performance.
Ken Shepard, Head of Specialty Asset Management at Bank of America, discusses the importance of real assets and unpacks the bank's specialty asset outlook.
Cardinal Health's Debbie Weitzman explains how the company's Advanced Therapy Solutions Innovation Center aims to improve access to specialty medicines. Watch!
Mark Spoonauer, Global Editor-In-Chief at Tom's Guide, discusses the craze behind the latest Nintendo Switch 2 and why it already flying off shelves. Watch!
Bob Lang, Chief Options Strategist at Explosive Options, joins J.D. Durkin on the floor of the NYSE for a look at how traders are approaching the markets.
