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.
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Cheddar Afternoon News Briefings of February 9th
Cheddar Afternoon News Briefings
Stocks Fall After Wall Street's Morning Rally Evaporates
Stocks are falling following another mixed batch of profit reports from companies, as rising yields in the bond market up the pressure on Wall Street.
Applications for Jobless Aid Rise Last Week, but Remain Low
More Americans filed for jobless benefits last week, but layoffs remain historically low despite the Federal Reserve’s aggressive interest rate policy intended to cool the economy and bring down inflation.
Egg Prices Plummet as Poultry Industry Recovers From Bird Flu Wipeout
Breakfast is getting a bit more affordable as the average price per dozen eggs has been slashed by more than 50 percent since its peak of $5.43 on Dec. 19.
Today Explained: Poll Shows Half of Americans Say They Are Worse Off, Highest Since 2009
The fallout from the COVID-19 pandemic has been so wide-reaching that 50 percent of Americans say they are worse off than a year ago, the most since the Great Recession of 2008 and 2009.
Refinancing and Home Buying Applications Climb as Mortgage Rates Fall
With mortgage rates at their lowest since September and still showing some signs of decline, more Americans are looking to refinance.
Google Unveils “Bard,” New AI For Search and Maps
Google unveiled new AI uses in its search and map products.
Colgate Recalls Fabuloso Cleaning Products Over Bacteria
Colgate is recalling millions of its Fabuloso cleaning products because it may contain bacteria.
Anheuser-Busch Gears Up for Super Bowl Ad Game
Benoit Garbe, chief marketing officer at Anheuser-Busch, joined Cheddar News to discuss Super Bowl ads and what lies ahead after the company ended an exclusive deal with the big game last year.
