Paramount Global is exploring the sale of BET Media Group and VH1, according to The Wall Street Journal, as it focuses on its streaming platform.
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Rhode Island to Open First Federally Backed COVID Site
Gov. Daniel McKee breaks down the economic benefits of having a COVID 'test-to-treat' clinic in the state and shares his take on how to quell gun violence in the U.S.
Report Shows Total College Enrollment Drops by 4.1% From Last Semester
Jonathan Fansmith, Asst. VP of Government Relations at American Council on Education, talks about the factors attributing to lower college enrolments and what institutes are doing to incentive attendees.
Report Shows $1 Billion Lost In Cryptocurrency Scams Since 2021
Scammers are cashing in on the crypto craze. According to a new report from the FTD, fraudsters have stolen more than $1 billion in crypto from 46,000 people since 2021. That's $1 out of every $4 reported lost to scammers paid in cryptocurrency, more than any other payment method. Chris Pierson, the founder and CEO of BlackCloak, gives tips on how to protect yourself from scammers.
Inflation Forcing Some Americans To Delay Retirement Plans
Inflation is forcing many Americans to put their retirement plans on hold. According to a new survey from BMO Harris Bank, 25% of people will need to delay their retirement because of rising prices, and 21% of respondents are saving less money for retirement to keep up with the growing costs. Paul Dilda, Head of Consumer Strategy at BMO Harris Bank, breaks down the survey and gives some tips on how to keep up with rising prices.
What A Tight Labor Market Means For The Economy
The labor market continues to be hot, with job openings at record highs and jobless claims dropping by the thousands. While that's good news for workers, experts say it can add to inflation risks and make the Fed's job even harder when it comes to cooling inflation. José Torres, Senior Economist at Interactive Brokers, breaks down what a tight labor market means for the economy.
What Amazon's Stock Split Actually Means for Investors
Amazon's stock split officially takes effect today. It's a 20-for-1 split, meaning if you own one share of the e-commerce giant, you'll have 20 shares after the split, with each costing about 1/20th of the previous price. Jeff Zananiri, the head trading strategist at Joy of the Trade, breaks down what the stock split means for investors.
U.S. Added 390,000 Jobs In May As Labor Market Remains Strong
The labor market continues to be strong. The U.S. added 390,000 jobs in May, while the unemployment rate held steady at 3.6%. Julia Pollak, Chief Economist for ZipRecruiter, breaks down the latest data and what it means for the economy.
European Union Announces Historic Embargo On Russian Oil
In another round of sweeping sanctions against Russia for its war on Ukraine, European Union leaders have agreed to ban the vast majority of Russian oil by the end of the year. But, the embargo covers only Russian oil brought in by sea, allowing an exemption for fuel imported via pipeline. Christine McDaniel, a senior fellow with the Mercatus Center, discusses just how significant this deal is, and what impact it might have on the global energy sector.
Cheddar Afternoon News Briefings of June 6th
Cheddar Afternoon News Briefings
