The stock market seems to bounce back slightly following the biggest one-day drop ever recorded for the Dow and S&P 500. But markets remain volatile, causing many to speculate about what's behind the big ups and downs. Tom Essaye, founder and editor of The Seven's Report, says the fundamentals of the U.S. economy are strong and people shouldn't panic just yet.
The Falcon Heavy is finally scheduled to launch today. SpaceX will launch the rocket from Kennedy Space Center and attempt to land all three boosters. The rocket is carrying CEO Elon Musk's original Tesla Roadster. Musk says the rocket is the most powerful one in operation.
Lululemon's CEO is resigning. The company says Laurent Potdevin violated company's standards, though it was not immediately clear what standards he failed to comply with. Potdevin has been CEO since 2014. The company is now conducting a search for a new leader.
Plus, it's our weekly trading show, The Long and the Short. We discuss what to expect when Snap, Tesla, and Disney report quarterly earnings this week. And we also talk about whether the upcoming Valentine's Day holiday can help turn things around for 1-800-Flowers.
United Airlines says that it will start boarding passengers in economy class with window seats first starting next week, a move that will speed up boarding times for flights.
The new Pixel 8 smartphone released this week by Google includes an AI photo editing software that will allow users to change the expression of a person in pictures.
If you have some older comic books stashed away in your attic, basement or closet, make sure to check their condition as they could be traded for serious cash. Cheddar News' Michelle Castillo at New Yor Comic Con spoke with Chris D'Lando, event manager with NYCC for Reedpop; Andy Mourat, co-founder and president of MetaZoo; and Julian Montoya, senior vice president of The Noble Collection, to get their thoughts.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to explain how investors are bracing for interest rate hikes after last week's inflation report and ahead of the Fed's upcoming meeting. Wellenbach also discussed how traders are taking advantage of volatility as earnings season continues and amid geopolitical conflicts.
One of the most difficult parts of a job search is writing resumes. Cheddar News' docuseries Ready 4 Work explores the pitfalls of that and helps job seekers stand out from all those other applicants.
