Wells Fargo and United Way Fight Hunger this Holiday
Mary Sellers, U.S. President of United Way Worldwide, discusses the company's long history with Wells Fargo and this holiday's mission to fight hunger across the U.S.
Wells Fargo will have pop-up food banks at 5,900 branch locations across the U.S., covering 17 different cities. Customers will be able to donate non-perishable items to their local food banks. The initiative began on Giving Tuesday and will run through the end of December.
Sellers talks about the controversy Wells Fargo has faced with its phony accounts scandal over the last year, noting United Way's long-time relationship with the bank. She adds that this campaign to raise awareness about hunger is integral to what Wells Fargo is and not merely an attempt to help its image.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.