As the Federal Reserve warns it could continue to raise benchmark interest rates, it raises questions about what it means for the general public. Cheddar News Senior Reporter Chloe Aiello explains the trickle down effect it has on the broader economy, from inching up interest in your savings accounts to forcing large-scale layoffs.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
The board of ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board.
