GIFs and memes are all over the internet. We all post them, but have you ever made one? PicMonkey is launching a new product to make it quicker and easier for entrepreneurs and small businesses to make these social marketing tools.
Frits Habermann, CEO of PicMonkey, explains how the company's new product works. He says it's targeted at everyone from small business owners to social media influencers.
Habermann also discusses how much graphic design has changed in the 15 years since he co-founded Adobe InDesign. He says that now there is no room for bad design, because everyone has access to a camera and a design tool in the palm of their hands.
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.
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.
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.
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.
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.
