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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Cheddar Morning Google News Briefings of April 13th
Cheddar Morning News Briefings
Cheddar Morning Spotify News Briefings of April 13th
Cheddar Morning Spotify News Briefings
need2know-afternoon-edition-041222
need2know-afternoon-edition-041222
U.S. Stocks Close Sharply Lower Amid Treasury Yield Spike
U.S. stocks closed sharply lower on Monday as investors weighed record-high Treasury yields, the ongoing Russia-Ukraine conflict, potential policy moves from the Federal Reserve, and the start of earnings season. Ross Mayfield, investment strategy analyst at Baird, joined Cheddar News' Closing Bell to discuss. "We expected volatility to continue after this recent rally of the last past few weeks. None of the big headwinds have really changed," he said.
March Consumer Price Index Reveals U.S. Inflation at 40-Year High
Dana Peterson, Chief Economist at the Conference Board, joined Closing Bell to break down March CPI numbers, and discuss how skyrocketing prices are affecting American consumers.
McLaren Parks Its All-Electric Racing Car Odyssey in Front of NYSE
McLaren displayed its all-electric, off-roading racing vehicle, the Odyssey, in from of the New York Stock Exchange on Tuesday. Zak Brown, CEO of McLaren Racing, joined Cheddar News to discuss bringing the heavy-duty vehicle to a new racing series with an emphasis on sustainability — and even gender equity with a male and female team of two drivers required. "This is McLaren's first-ever Odyssey, which is an EV. Looks like an SUV — but not really much of an SUV — that we raced five times around the world in various locations where climate has impacted the world," he said.
Zuckerberg Tries to Monetize Metaverse After Failed Stablecoin Project
According to Mark Zuckerberg, a select number of creators in Meta's Horizon Worlds will now have the option to sell virtual assets and experiences they create to other players for a profit.
How to Save on Your Taxes and Other Last-Minute Tips
Jannese Torres-Rodriguez, Host of the 'Yo Quiero Dinero' podcast, fills us in on what taxpayers can write off and highlights the best uses for tax refunds.
What's to Come With Inflation Hitting a 40-Year High in March
Beth Ann Bovino, the U.S. chief economist at S&P Global Ratings, joined Cheddar to break down the March CPI data and outline the bright spots of consumer spending amid rising costs. She noted that with consumers switching more to services coming out of quarantine rather than purchasing goods, it could create a lessening of demand that will help reduce inflationary pressures going forward, but the Fed will still have to move aggressively. "We expect now that the Fed is going to raise rates about 6 to 7 times — a 50-point basis hike is basically baked in the cake right now," Bovino said. "Could there be a second 50-point basis? Certainly, we wouldn't be surprised."
