Prince Harry's interview with Barack Obama aired on the BBC's Radio 4 on Wednesday. The royal sat down with the former president to discuss social media's effect on society. While Obama did credit social media to part of his political success, he acknowledged a bubble phemonenon, saying one of the dangers of the internet is that people can have entirely different realities.
What do you get the Kardashian who has everything? Stock - and lots of it. Kanye West gave his wife Kim Kardashian hundreds of thousands of dollars worth of stocks for Christmas. including Amazon, Apple, Netflix, Disney, and Adidas.
Americans are expected to send back approximately $90 billion dollars worth of goods, according to reports from Optoro, a firm that tracks the business of return shipments. The firm notes that January is peak time for all returns, but 40 percent of holiday returns happen immediately after Christmas, between December 26th and 31st.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
