Cheddar's Hena Doba and Brad Smith get into the latest.
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Fed Confirms Tapering of Asset Purchases Coming 'Later this Month'
The Federal Reserve made official on Wednesday its plan to wind down the aggressive monthly bond-buying program that has defined the central bank's pandemic response.
Cannabis Ranked Fifth Most Valuable Crop in U.S. According to Leafly Report
The $6.2 billion wholesale harvest value of cannabis surpassed that of staples like cotton, rice, and peanuts, according to a new report from Leafly.
Stocks Rise After Fed Says It Will Dial Back Economic Aid
Stocks climbed to more record highs Wednesday after the Federal Reserve said it will begin dialing back the extraordinary aid for the economy it has been providing since the early days of the pandemic.
Federal Reserve to Decide Whether It's Time to Roll Back COVID-Era Bond Purchases
Fed watchers are expecting Jerome Powell to announce a timeline for tapering bond purchases on Wednesday afternoon following the meeting of the Federal Open Market Committee.
Facebook to Shut Down Face-Recognition System, Delete Data
Facebook said it will shut down its face-recognition system and delete faceprints of more than 1 billion people.
World's Biggest Shipper Maersk Reports 68 Percent Rise in Revenue
The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, has reported a sharp rise in earnings amid strong worldwide demand for shipments of goods.
Stocks Gain, Pushing the Dow Jones Industrials Over 36,000
Stocks closed higher on Wall Street Tuesday, pushing the Dow Jones Industrial Average to its first close above 36,000 points.
Major Wall Street Stock Indexes Eke Out More Record Highs
Stocks ended a wobbly day modestly higher on Wall Street, enough to notch more all-time highs for major indexes.
The Week's Top Stories: Spotify Surge, Tesla Hearts Hertz, and Facebook So Meta
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
