Google is banning all ads related to cryptocurrency. The update will go into effect across all Google and YouTube platforms starting in June. Facebook enacted a similar policy on cryptocurrency ads earlier this year. Bitcoin and other popular digital currencies fell sharply on the news.
Students across the country are walking out of class today to remember victims of the school shooting in Parkland, Florida. At 10 am local time across different time zones, students are leaving class for 17 minutes, one minute for each person who died in the tragic school shooting. More than 3,000 schools across the country are participating in the protests, calling for action on gun reform. This comes on the one month anniversary of the shooting.
Kai Ryssdal, host and senior editor of Marketplace, stops by to talk about the upcoming 10 year anniversary of the financial crisis. He predicts another financial crisis is on the way, but the verdict is still out on when it will happen. Ryssdal says the big banks are still bigger than ever and Congress has done little to change that. Generally, he believes the economy is in decent shape, even though the markets have been volatile recently.
And we're joined by the co-owner of McClure's, a company that specializes in making pickles. Bob McClure and his brother Joe used their mom's pickle recipe to start a small business almost a decade ago. At first, they rolled out products in Detroit and Brooklyn, but today McClure's pickles can be found in most grocery stores nationwide. In addition to pickles, McClure's also makes chips, sauerkraut, and Bloody Mary mix.
With more employees being called back to the office, many workers are suddenly protesting by being in the office for as little time as possible. As the term suggests, coffee-badging means coming in for just enough time to have a cup of coffee, show your face, and swipe your badge.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Citi told most of its employees that they could work from home at the end of the month, according to CNBC.
Chobani paid $900 million to purchase ready-to-drink coffee maker La Colombe.
Kerri Quigley, founder of The Fashion Class, spoke with Cheddar News on how to make an ugly sweater on a budget.
With Christmas only 10 days away, some kids may notice that there's a lot of spending going on this holiday season. Dr. Regine Muradian, licensed clinical psychologist, joined Cheddar News to provide tips on how to teach kids the value of gifts and money.
