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
Oklahomans Head to Polls for One Issue: Legal Marijuana
Oklahoma voters will decide Tuesday whether to make the state one of the most conservative to green light cannabis use for adults.
Afternoon Alexa Flash Briefings of March 7th
Afternoon Alexa Flash Briefings
USDA Narrows Criteria for 'Made in the USA' Label
The U.S. Department of Agriculture is proposing a new rule to narrow what products qualify for a "Product of USA” or “Made in the USA” label. Now only meat, poultry and egg products from animals "born, raised, slaughtered, and processed in the United States" will make the grade.
US Sues to Block JetBlue From Buying Spirit Airlines
The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.
Fed Chair Powell Says Pace of Rate Hikes Could Increase
Federal Reserve Chair Jerome Powell will hint that the central bank could increase the pace of interest rate hikes if data indicate price pressures continuing.
Best Buy Will Soon Start Installing At-Home Hospital Rooms
Electronics chain Best Buy is partnering with Atrium Health to help provide hospital-level care in the home.
TikTok Is Letting Users Create 20-Minute Videos Behind a Paywall
TikTok is introducing a new feature called "Series" that allows users to create longer-form video content behind a paywall.
On the Scene at the International Beauty Show
On the Scene at the International Beauty Show
Stocks Tumble on Fears About Faster Rate Hikes, Dow Down 570
Stocks sank on Wall Street after the head of the Federal Reserve warned it could speed up its economy-rattling hikes to interest rates if pressure stays high on inflation.
