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.
Share:
More In Business
Big Business This Week: Will more health insurance costs hit business?
At the core of the ongoing government shutdown is a fight over the decision to end subsidies that let some 12 million Americans get health coverage.
Tesla’s profit fell in third quarter even as sales rose
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
Are theme parks determining Disney and Universal’s film slates?
Why would you make a third “Tron” movie? Unless of course you'd spent billions of dollars on a theme park ride and needed to promote it?
Starbucks Introduces AI Barista: A Glimpse Into the Future of Coffee Service
Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.
Tesla & Big Tech’s Earnings Test: Can Massive AI Bets Finally Deliver Revenue Growth?
As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.
Eric Trump on Bitcoin's Future: Inside American Bitcoin’s Strategy for Digital Dominance
Eric Trump joins us to discuss American Bitcoin’s mission, market strategy, and why he believes the U.S. must lead the next era of digital currency innovation.
What Americans think about rising health care costs
A new poll finds most U.S. adults are worried about health care becoming more expensive.
From Trick to Trend: Unreal Snacks CEO on Why Dye-Free Candy Is Taking Over
Unreal Snacks CEO Kevin McCarthy shares how dye-free candy is leading the sweets revolution—just in time for what could be a record-breaking Halloween 2025.
Poll Shows Growing Economic Anxiety Under Trump
A new AP-NORC poll finds Americans are increasingly worried about their ability to find good jobs and keep up with rising costs under President Trump.
