Shana Sissel, president & CEO of Banrion Capital Management, joined Cheddar News to discuss another down day on the last session of the month in trading as inflation, a restricted monetary policy, and layoffs continue to affect markets.
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Need2Know: January 27, 2023
Five former Memphis police officers were charged with murder in the death of Tyre Nichols, the FDA explores yearly COVID vaccines, and New York City explores electric Uber and Lyft rides. Here is everything you Need2Know for Friday, January 27, 2023.
Bed Bath & Beyond Defaults on Credit Line, Considers Bankruptcy
Bed Bath & Beyond has defaulted on a major credit line with JPMorgan and is now considering "all strategic alternatives," including bankruptcy, to right its financial ship.
Hasbro Cutting 1,000 Jobs Ahead of Lackluster Holiday Earnings
Hasbro has announced that it is cutting 1,000 jobs or about 15 percent of its global workforce after warning that its upcoming holiday quarter results would come in lower than expected.
Cheddar Morning News Briefings of January 27th
Cheddar Morning News Briefings
Hasbro Lower On Weak Forecast, Job Cuts
Hasbro shares sank after hours after it warned of weak results and announced job cuts.
Report: Smartphone Demand Down Worldwide
Demand for new smartphones has declined globally last year to its lowest level since 2013, according to IDC.
How Some Companies Are Helping Workers Pay Off Student Loans
Kia McCallister-Young, director of America Saves, joined Cheddar News to discuss how companies are offering programs to assist workers to pay off student loan debt.
GDP Grew Annually At 2.9% In Q4, Despite Recession Fears
The U.S. economy grew at an annual rate of 2.9% in the fourth quarter, slower than the last quarter but above estimates, despite recession concerns.
Burrito SZN: Chipotle to Hire 15,000 Employees Before Spring
Chipotle is looking to hire about 15,000 workers ahead of burrito season in the spring.
