Will Rhind, CEO of GraniteShares, joined Cheddar News to discuss Friday's trading session and the overall market as investors deal with some uncertainty despite the Federal Reserve's cautious optimism about inflation cooling.
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Biz Breakdown: Alaska Air to Buy Hawaiian Air, Spotify Layoffs Again, Stocks Finishing Strong for 2023
Alaska Airlines is buying Hawaiian Airlines, stocks finished at their highest level on Friday and are on the way to concluding 2023 on a positive note as Bitcoin surged. And Spotify is laying off workers, again.
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Spotify cut nearly one-fifth of its workforce, or about 1500 staffers, representing the third round of layoffs this year.
Stocks Fall After Rallying In Past Five Weeks
After rallying for five straight weeks, stocks fell after the opening bell on Monday as investors await labor market data later in the week.
The Great Wealth Transfer
It's the beginning of the great wealth transfer, according to UBS.
Fed Chair: Interest Rates to Remain High For Now
Fed Chair Jerome Powell said higher rates are here to stay for now.
