New applications along with refinancing for mortgages dropped from a year ago as rates continued to climb.
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Kyndryl Announces First Partnership With Microsoft
Kyndryl isn't wasting any time as an independent company. Just over a week after spinning off from IBM, the IT infrastructure services provider has announced its first global strategic partner in Microsoft. The two tech giants are coming together to form a new kind of power duo, creating multi-billion dollar revenue opportunities between the companies. Stephen Leonard, global alliances & partnerships leader for Kyndryl, told Cheddar more about the partnership and what it aims to achieve.
Consumer Spending in Focus as Retail Sector Set to Report Earnings
Eric Diton, President & Managing Director of The Wealth Alliance, discusses why inflation remains a long-term headwind for the market and what it means for consumer spending for the rest of the year.
Markets on Pace to Snap a Five-week Win Streak Amid Concerns Over Inflation
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Bitcoin Launches Taproot, Its Biggest Upgrade Since 2017
Bitcoin has successfully activated Taproot, the cryptocurrency's first major upgrade since 2017 and a highly anticipated change to the blockchain. Taproot will introduce what's known as Schnorr signatures, which will help transactions become more private, efficient and perhaps even less expensive. Robert Hackett, a cryptocurrency expert and journalist, breaks down the new upgrade and what it means for bitcoin users.
Consumers Unfazed by Higher Prices as Retail Sales Rise in October,
Jharonne Martis, director of consumer spending at Refinitiv, joined Wake Up With Cheddar's Brad Smith to break down positive earnings results from Home Depot and Walmart. Martis also discussed what October's retail sales data means for the upcoming holiday season.
Evaluating a Fast-Moving House Market and What's to Follow
The housing market is hot right now - so hot it was too much for Zillow to handle. While the pandemic is playing a major part in that, now it has reached a point where houses on average are only on the market for about a week before being sold. Cheddar News was joined by Tushar Garg, CEO and Co-Founder of Flyhomes to talk about how this came to be and what comes next.
Markets Open Higher After Losing Week on Wall Street
Markets were pointing to a higher open to kick off the third trading week in November. It comes as stocks come off a losing week in reaction to October's consumer price index--which showed inflation at its highest point in over 30 years. Ryan Detrick, Chief Market Strategist for LPL Financial joined Wake Up with Cheddar to discuss.
Thought Passing the Infrastructure Bill Was Hard? Try Implementing It
Harvard Business School Professor Ranjay Gulati joined Wake Up With Cheddar to break down the massive challenge the Biden Administration faces in ensuring projects in the $1.2 trillion infrastructure bill are completed on time and on budget.
World’s New Covid Epicenter, Biden’s Infrastructure Pkg & Sesame Street’s New Muppet
Jill is joined by Baker Machado to talk all things infrastructure: where will the money go and who’s in charge? Plus, Sesame Street has its first Asian-American muppet. And a trailer for the trailer for Spiderman. Huh?
