Cheddar News looks ahead to Thursday as another day of earnings is slated to hit the markets along with a revised reading of GDP data.
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Judge Cracks Down on Elon Musk's Autopilot Statements
A California judge is ordering Tesla CEO Elon Musk to be interviewed under oath regarding statements about the safety and capability of the car maker's autopilot features.
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David Wright, president and owner of Wright Financial Group LLC, joined Cheddar News to discuss Thursday's trading as stocks closed higher amid strong tech profits. But Wright says banking stress could sway markets down as the Federal Reserve could weigh more rate increases.
Lyft Laying Off Over 1,000 Workers
Lyft announced it's laying off over 1,000 workers, or about 26% of its workforce, and also revealed it's scaling back hiring.
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The Gap is laying off 1,800 corporate workers, roughly three time the number of headquarters jobs it cut last fall, as the struggling chain cuts costs in a bid to become more nimble.
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Cheddar Afternoon News Briefings
Afternoon Alexa Flash Briefings of April 27th
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Traders Cautious About Big Tech Earnings
Cheddar News' Angela Miles reports live from Chicago to break down what the options market is predicting about big cap tech stocks.
Stock Market Today: Meta's Surge Fuels Big Wall Street Rally
Wall Street steamed to its best day since January after Meta Platforms became the latest Big Tech company to blow past profit forecasts.
Report: Tyson Foods Is Eliminating 10 Percent of Corporate Jobs
Tyson Foods is eliminating about 10 percent of corporate jobs and 15 percent senior leadership positions, according to a memo obtained by Reuters. The cuts are just the latest attempt to trim costs amid falling profits.
