From blockchain to Amazon's dominance, look for last year's biggest business stories to carry into 2018. Fast Company's Noah Robischon joins Cheddar to preview the trends to watch for in the new year. He explains why the technology behind the rise of cryptocurrency is poised for even more headlines this year.
Next, we discuss how retail will continue to fight for its life given the Amazon threat. Robischon says "the cool factor" is one area where traditional retail has an edge over the e-commerce giant. The executive editor also explains why pop-up stores and showrooms are gaining in popularity.
Finally, we breakdown Amazon's year ahead. Robischon says Jeff Bezos is likely to be even more aggressive with his company's move into the pharmaceutical space. The executive editor also says whether he agrees with Gene Munster's prediction that Amazon will acquire Target in 2018.
Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to discuss the economic impact of interest rate hikes.
Amazon on Thursday reported stronger-than-expected revenue and profits for the first quarter, sending its stocks higher in after-hours trading. But its prices took a dip in the evening amid concerns about a continued slowdown in the company's profitable cloud computing unit AWS.
A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed on track to raise interest rates next week for the 10th time since March of last year.
As a growing number of overweight Americans clamor for Ozempic and Wegovy — drugs touted by celebrities and on TikTok to pare pounds — an even more powerful obesity medicine is poised to upend treatment.
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.
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.
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.
