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.
Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, this is normal.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
