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.
Beyond Meat reported that it failed to meet market expectations during its quarterly revenue report, as the company has faced weakening demand for its plant-based meat products.
Finding a new job is an emotional journey in itself and one woman is looking to get back into the workforce after some time off. Cheddar News' docuseries Ready 4 Work profiles her as she works through her job search.
Virgin Galactic has announced plans to pause flight operations next year so they can focus more on developing its next-generation delta class spacecraft.
