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.
Seth Schachner, Managing Director at Strat Americas, talks Disney's taking control of Hulu, Warner Bros. and Discovery's split and how if affects the viewers.
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.
