Michael Simon, staff writer for PC World, previews Mobile World Congress kicking off this weekend in Spain. Samsung, LG, Sony, and others are all expected to unveil new phones.
Simon says Samsung is finally expected to show off its new flagship Galaxy S9 phone for the first time, featuring a Snapdragon 845 chip and its own take on Apple's Animojis. Samsung will have its own event separate from MWC to unveil the phone.
Other major tech manufacturers are looking to get in on the action. Simon explains LG is expected to update its phone, the V30S, while Sony is rumored to be revealing a new, curved phone.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
