The Day Ahead: House Hearing on Banking Failures, Starbucks CEO on Capitol Hill

Cheddar News breaks down what to look for on The Day Ahead. The House will hold a hearing on the federal response to the recent banking issues while Starbucks CEO will testify on Capitol Hill about union-busting claims. Disney Parks workers are set to vote on a new contract proposal.

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Afternoon Alexa Flash Briefings of May 25th

Afternoon Alexa Flash Briefings

Meta Slashes Jobs Across Business and Operation Units in Third Round of Layoffs

Facebook owner Meta on Wednesday cut positions across its business and operations teams in the final round of layoffs that were first announced in March.

FTC Launches Investigation Into Baby Formula Shortage

The Federal Trade Commission (FTC) has launched an investigation into the ongoing shortages of baby formula.

US Economic Growth for Last Quarter Is Revised Up to a Still-Tepid 1.3% Annual Rate

The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday, a slight upgrade from its initial estimate.

Cheddar Morning News Briefings of May 25th

Cheddar Morning News Briefings

Stretching Your Dollar: What to Consider Before Buying a Car

Karl Brauer, executive analyst with Iseecars.com, joined Cheddar News to discuss what to consider if you're in the market for a new or used vehicle.

Mortgage Demands Drop as Rates Soar

New applications along with refinancing for mortgages dropped from a year ago as rates continued to climb.

Nvidia Offers Strong Outlook on A.I. Chip Demand

Nvidia posted strong quarterly results, citing strong demand and plans to significantly increase supply.

Fed Minutes Flag 'Uncertainty' on Future Rate Hikes

Minutes from a recent Federal Reserve meeting showed that members "expressed uncertainty about how much more policy tightening may be appropriate."

Microsoft: China-Sponsored Hackers Hit U.S. Systems

Microsoft said it detected malicious hacking activity against critical U.S. infrastructure by a Chinese state-sponsored group.

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