Your Cheddar hosts Kristen Scholer and Tim Stenovec go through today's top stories. From Nasdaq hitting new highs to bitcoin surging, we cover the top news in business and tech.
The Nasdaq started out the year by breaking 7,000 for the first time. It took just over eight months to make its latest thousand-point move.
Plus Founders Fund, the VC firm founded by Peter Thiel has purchased $15 to $20 million in Bitcoin, according to the Wall Street Journal. That investment is now reportedly worth hundreds of millions of dollars.
Wages are finally starting to get bigger in cities with low unemployment rates. The labor markets in Minneapolis, Denver and Fort Meyers, Florida have tightened to a point where businesses are starting to raise pay to attract employees.
A surge in holiday spending could help combat inflation worries.
Peacock shared the trailer for the second season of the celebrity competition show, 'The Traitors.'
Darden, the parent company of chain restaurants like Olive Garden and Ruth's Chris Steakhouse, beat Wall Street estimates in its latest earnings report.
A former Facebook executive pled guilty to stealing more than $4 million from the company while she was employed there.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
