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
WSJ: Apartment Sales Plunge 74 Percent in First Quarter of 2023
The market for rental apartment buildings is tumbling at its fastest-rate since 2009 in the wake of the Great Financial Crisis, according to a Washington Post report.
Lithium Prices Continue Slide Amid Declining EV Demand
The price of lithium batteries is dropping as demand for electric vehicles continues to fall.
ADP Jobs Report Comes in Below Expectations Signaling Slowing Growth
Private employers added 145,000 jobs and annual pay jumped 6.9 percent in March, according to a monthly report from payroll processing firm ADP.
Morning Alexa Flash Briefings of April 5th
Morning Alexa Flash Briefings
Wall Street Closes Lower on Latest Signs of Slowing Economy
Stocks closed lower on Wall Street Wednesday and Treasury yields fell following the latest signals that the U.S. economy is slowing.
J&J Proposes Paying $8.9B to Settle Talcum Powder Lawsuits
Johnson & Johnson is earmarking nearly $9 billion to cover allegations that its baby power containing talc caused cancer, more than quadrupling the amount that the company had previously set aside to pay for its potential liability.
Student Aid Startup Founder Arrested on Fraud Charges
The founder of the student loan assistance startup company Frank that J.P. Morgan Chase acquired for $175 million has been arrested on charges that she duped the financial giant.
Twitter Vendors File Lawsuit for Unpaid Bills
A group Twitter vendors have filed a class action lawsuit against the company for unpaid bills ranging from $40,000 to $140,000.
Biden Says Tech Companies Must Ensure AI Products Are Safe
President Joe Biden said Tuesday it remains to be seen if artificial intelligence is dangerous, but that he believes technology companies must ensure their products are safe before releasing them to the public.
