The stock market is recovering from a volatile few days, but will the surge last or will we see another downward spiral? After two straight days of decline, the Dow appeared to bounce back. John Petrides, Managing Director and Portfolio Manager at Point View Wealth Management, joins Cheddar to give his opinion on what's really going on in the stock market. He also shares his advice for millennials looking to make the most out of their investments.
We fact-check President Trump's State of the Union address with Jon Greenberg from Politifact. Greenberg talks about President Trump's comments on the visa lottery program, African American unemployment, and the administration's fight against ISIS. By Politifact's standards, Greenberg says President Trump did worse overall than President Obama has in years past.
The war between AMC Theaters and MoviePass is heating up. The subscription movie service recently removed 10 AMC theaters from its app. O'Connell says it's a bold move considering the app needs theaters to thrive. AMC knows MoviePass's model is beneficial to theaters but is worried about what will happen if the app eventually fails.
Plus, it's our weekly Your Cheddar show, bringing you the best financial tips. We'll discuss how to make money from blogging and analyze the difference between men and women when it comes to investment habits.
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.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
