These are the headlines you Need 2 Know for Wednesday, March 18, 2020:
Subscribe to the Need 2 Know newsletter here and listen to our morning podcast wherever you get your podcasts.
Share:
More In Business
Amazon Q1 Revenue, Profit Grow but Cloud Unit a Concern
Amazon on Thursday reported stronger-than-expected revenue and profits for the first quarter, sending its stocks higher in after-hours trading. But its prices took a dip in the evening amid concerns about a continued slowdown in the company's profitable cloud computing unit AWS.
Morning Alexa Flash Briefings of April 28th
Morning Alexa Flash Briefings
Key Inflation Gauge Tracked by the Fed Remained High in March
A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed on track to raise interest rates next week for the 10th time since March of last year.
Powerful New Obesity Drug Poised to Upend Weight Loss Care
As a growing number of overweight Americans clamor for Ozempic and Wegovy — drugs touted by celebrities and on TikTok to pare pounds — an even more powerful obesity medicine is poised to upend treatment.
Mastercard Posts Strong Q1 on Travel Spending
Mastercard posted strong quarterly results, helped by a rebound in travel drove growth.
Judge Cracks Down on Elon Musk's Autopilot Statements
A California judge is ordering Tesla CEO Elon Musk to be interviewed under oath regarding statements about the safety and capability of the car maker's autopilot features.
Analyst Breaks Down Thursday's Market as Stocks Climb Amid Strong Tech Earnings
David Wright, president and owner of Wright Financial Group LLC, joined Cheddar News to discuss Thursday's trading as stocks closed higher amid strong tech profits. But Wright says banking stress could sway markets down as the Federal Reserve could weigh more rate increases.
Lyft Laying Off Over 1,000 Workers
Lyft announced it's laying off over 1,000 workers, or about 26% of its workforce, and also revealed it's scaling back hiring.
Gap Cuts 1,800 Corporate Jobs Amid Sales Slump
The Gap is laying off 1,800 corporate workers, roughly three time the number of headquarters jobs it cut last fall, as the struggling chain cuts costs in a bid to become more nimble.
