Cheddar's Hena Doba and Brad Smith get into the latest.
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American Weekly Jobless Claims at Lowest Level Since 1969
The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the midst of rising costs and an ongoing virus pandemic.
Wall Street Profits Drive Average Bonuses to a Record $258K
The New York state comptroller says soaring profits on Wall Street helped drive up the average bonus paid to employees in New York City’s securities industry to a record $257,500 last year.
U.S. Stocks Close Higher as Choppy Trading Persists, Oil Slips
Stocks closed higher on Wall Street Thursday and oil prices slipped as a streak of uneven trading continues on world markets.
Salad Raises $17 Million to Pioneer Affordable Decentralized Cloud Computing Services
Computer-sharing network Salad is announcing a $17 million Series A round. Salad offers an open-source desktop application that invites gamers to share storage, bandwidth, and other resources from their idle PCs in exchange for rewards. Salad says users have earned what is equivalent to more than $5 million in rewards, and that its platform has quickly become the world's most distributed super-computer. Bob Miles, founder and CEO of Salad, joins Cheddar News' Closing Bell to discuss.
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Cresco Labs to Become the Largest U.S. Cannabis Company by Sales With Columbia Care Acquisition
Cannabis producer Cresco Labs is acquiring rival Columbia Care in a $2 billion all-stock deal, creating the largest U.S. cannabis company by sales. The deal, which is expected to close in the fourth quarter of 2022, is one of the biggest in the industry's history and would make Cresco the dominant player in a market projected to reach $46 billion in revenue by 2026. Charlie Bachtell, CEO of Cresco Labs, joins Cheddar News' Closing Bell to discuss.
Stocks Closed Higher Tuesday as Investors Continue to Digest Fed Chair Powell's Remarks
Sean O'Hara, President of Pacer ETF's, explains why investors who were down after Jerome Powell's remarks on inflation Monday were more optimistic on Tuesday as the major indexes ended the day near session highs.
