Snap Inc. saw shares plummet in after-hours trading after reporting a loss in the latest quarter and forecasting lower first-quarter revenue. Cheddar News breaks it down.
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Kellogg announced last year that it was splitting into two companies, one focused on snacks and the other on cereal. Now it's revealed what those new companies will be called. The cereal business will retain the name Kellogg's, while the snack business will be called Kellanova.
Cheddar Morning News Briefings of March 16th
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Credit Suisse’s shares have soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank.
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Adobe shares rose after reporting earnings that topped estimates.
Stocks Close Down Amid Banking Concerns, Ahead of Fed Meeting
Melissa Armo, founder and owner of The Stock Swoosh, joined Cheddar News to discuss Wednesday's session as stocks closed down amid concerns over a banking crisis and ahead of next week's Fed meeting.
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Feb. Retail Sales Decline Amid Car Buying Drop
Retail sales fell in February dragged by lower spending at restaurants and on vehicles.
