U.S. markets ended the week in the red as investors are figuring out how the Federal Reserve will act on interest rates moving forward. Cheddar News speaks with Steve Sosnick, chief strategist at Interactive Brokers, who breaks down the markets' action.
Share:
More In Business
Fed Chair Jerome Powell Predicts Further Rate Hikes
In his second day of testimony before the Senate Banking Committee, Federal Reserve Chair Jerome Powell reiterated that the board is considering more interest rate hikes.
United Airlines to Send Vouchers to Phones
United Airlines will now be able to send a meal or hotel voucher to customers' phones, if needed, during emergency situations.
U.S. Safety Agency to Require Automatic Emergency Braking on Heavy Trucks and Buses
The government will require heavy trucks and buses to include automatic emergency braking equipment within five years, the federal traffic safety agency said Thursday, estimating it will prevent nearly 20,000 crashes save at least 155 lives a year.
FDA Warns Stores to Stop Selling Elf Bar, the Top Disposable E-Cigarette in the U.S.
The Food and Drug Administration on Thursday said it has sent warning letters to dozens of retailers selling fruit- and candy-flavored disposable e-cigarettes, including the current best-selling brand, Elf Bar.
Stretching Your Dollar: Financial Etiquette & Tackling Awkward Money Moments
Whether your credit card has declined or if you had difficulty splitting a bill at an outing, those awkward financial moments can get the best of us. Bobbi Robell, founder of Financial Wellness Strategies and author of "Launching Financial Grownups," joined Cheddar News to provide tips on how to handle those tense situations.
Overstock.com to Buy Bed Bath & Beyond's IP Assets
Overstock.com agreed to buy Bed Bath & Beyond's brand and digital assets.
Fed's Powell: More Rate Hikes Are Likely This Year to Fight Still-High Inflation
With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell told a House committee Wednesday.
The Day Ahead: Jerome Powell Testimony, Weekly Jobless Claims & NBA Draft
The Day Ahead: Jerome Powell Testimony, Weekly Jobless Claims & NBA Draft
How to Prepare For Retirement and Long-Term Care
How to Prepare For Retirement and Long-Term Care
