Cheddar News checks in on what to look out for on The Day Ahead as earnings season continues with TJX Cos., Target and Take Two Interactive among those reporting on Wednesday. April housing starts data is also set to be released while Netflix will hold its upfront presentation virtually amid a continued writers' strike.
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Fed Set to Launch Digital Payments System Over the Summer
The Federal Reserve on Wednesday evening said its long-awaited digital payment system, the FedNow Service, will start operating in July. The service is designed to provide a national platform for financial institutions to settle payments in real-time and at lower cost. That could include large banks, payment processors, and the U.S. Treasury.
Yellen Says Banking System 'Remains Sound,' Defends Rescue to Senators
A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee that the nation's banking system “remains sound” and Americans "can feel confident” about their deposits.
Cereal Giant Kellogg Is Set to Rename Snack Business 'Kellanova'
Kellogg announced last year that it was splitting into two companies, one focused on snacks and the other on cereal. Now it's revealed what those new companies will be called. The cereal business will retain the name Kellogg's, while the snack business will be called Kellanova.
Cheddar Morning News Briefings of March 16th
Cheddar Morning News Briefings
Credit Suisse Shares Soar After Central Bank Aid Announced
Credit Suisse’s shares have soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank.
Waze to Show EV Charging Stations Soon
Waze will soon make it easier for EV owners to find charging stations on the road.
H&M Launches Resale Website in Sustainability Push
Fashion retailer H&M launched a platform to become more sustainable.
Adobe Shares Jump as Earnings Tops Estimates
Adobe shares rose after reporting earnings that topped estimates.
Stocks Close Down Amid Banking Concerns, Ahead of Fed Meeting
Melissa Armo, founder and owner of The Stock Swoosh, joined Cheddar News to discuss Wednesday's session as stocks closed down amid concerns over a banking crisis and ahead of next week's Fed meeting.
