New applications along with refinancing for mortgages dropped from a year ago as rates continued to climb.
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Survey Finds Inflation Driving a Return to the Gig Economy
Inflation is driving a return to the gig economy, according to a new survey from Branch & Marqeta that found 85 percent of workers have increased or planned to increase their amount of gig work in the past six months, with 58 percent citing inflation as the reason behind this change. Arun Sundararajan, professor at NYU Stern School of Business, breaks down this dynamic and how it's impacting the broader economy. "Inflation is rampant and people need more money. Salaried wages haven't kept up. Plus the labor market is tight. People can't find full time employees, employers can't find full time employees, and so some people are being opportunistic," he said. "And I also think there's a COVID effect because people have gotten used to more flexibility and time and space because people have gotten used to more flexibility and time and space, through the months of the lockdown."
CNN's Streaming Service Shutting Down a Month After Launch
CNN’s brand-new streaming service, CNN+, is shutting down only a month after its launch.
Video Game M&A Deals Near $100 Billion in First Quarter, Says Report
A new report from DrakeStar Partners, an investment bank that closely tracks the sector, said $98.7 billion in deals were announced or closed in the first three months of the year. T
AT&T CEO Talks Q1 Earnings, 5G Rollout, WarnerMedia Spinoff & the Metaverse
AT&T reported a 2.5 percent rise in its core wireless revenue for the first quarter as its 5G rollout expands across the United States, even as the company pivots away from streaming to focus on its communication business amid heightened demand for high-speed internet. CEO John Stankey joined Cheddar's Opening Bell to discuss the company's 5G plans, its divestment from WarnerMedia, and its push into the metaverse. "To the extent that we start to see social aspects come into the metaverse that allows people to — as they're out and about — experience those kinds of things, that just puts a higher premium on mobile networks and scaled robust mobile networks to enable those applications, which is our bread and butter, and it's probably one of our best returning and best yielding businesses," he said.
Need2Know: Mariupol Reprieve, Mandate Ruling Appeal & Tesla Triumphs
The last pocket of resistance in Mariupol, Ukraine, has been given a brief respite, the Biden admin is appealing the transit mask mandate being overturned, and Tesla reports earnings. Here is all the news you Need2Know for April 21, 2022.
Need2Know: More Ukraine Aid, Support for Mask Mandates & A$AP Rocky Arrest
Catching you up on what you need to know on April 21, 2022, with President Biden set to announce more security assistance funding to Ukraine, polls showing a majority of Americans in favor of transit mask mandates, rapper A$AP Rocky's arrest, and more.
Cheddar Afternoon Google News Briefings of April 21st
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'Amazing': Cannabis Sales in New Jersey Bring Excited Buyers
New Jersey’s recreational marijuana marketplace is open for business.
