It's been a wild week for the stock markets. The Dow plunged below 1,000 points for the second time ever on Thursday. We ask Chris Versace, Chief Investment Officer at Tematica Research, what's behind the big ups and downs. Versace is not concerned about the recent 10% drop but adds that everyone should be if the market drops another 10%. Still, he cautions young people who may be worried to stay in the market.
Amazon is taking on UPS and FedEx, announcing a new delivery service geared towards businesses. The service, called "Shipping with Amazon," will pick up packages from businesses and ship them to customers. Amazon will launch this service in Los Angeles in the coming weeks.
Congress agreed on a spending bill after a brief government shutdown overnight. The House voted around 5 AM eastern time on Friday morning, and then President Trump signed the bill hours later. The spending bill will add hundreds of billions of dollars to the federal deficit.
Snapchat is starting to show signs of recovery after a disappointing few quarters. Cheddar senior reporter Alex Heath sits down with Billy Gallagher, author of the new book "How to Turn Down a Billion Dollars: The Snapchat Story," to see what lies ahead for the company. Gallagher was in a fraternity with Snapchat co-founder and CEO Evan Spiegel.
Resale platforms do big business – and Mercari just became the first in the U.S. to eliminate all fees for sellers and completely changed how returns work on its platform.
e.l.f.’s affordable price point and makeup and skincare options made it a social media darling – and the company’s CEO says the company even gets product ideas from its audience.
Nearly 40% of Americans choose travel over financial stability, funding trips on credit and sacrificing other budget line items to take a vacation — because live fast or die trying.
Disney shareholders have rallied behind longtime CEO Robert Iger. They voted Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo.
Student loan borrowers have the ability to earn retirement funds pegged to their payments – and the company Summer might be bringing it to your workplace.
It might not be what investors want to hear… but bringing down inflation could mean interest rates stay higher for (even) longer. But it's not all downside.
