Biz Breakdown: WeWork Bankruptcy, Shein Valuation Reports and EV Backup Gas Generator

Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.

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According to a new survey from the Federal Reserve, income inequality grew during the pandemic.

Costco CEO Stepping Down in January

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Existing Home Sales Hit Lowest Level in 13 Years

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Fed Chair Jerome Powell Says Inflation Still Too High

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Delta Air Lines scaled back changes to its loyalty program after getting backlash.

Netflix Subscribers Grow After Password Crackdown

Netflix has reported that its password crackdown has led to growth in subscriber numbers, announcing it added 8.8 million subscribers worldwide between July and September.

Stocks Fall After Jobless Claims Report and Ahead of Fed Chair Remarks

Stocks fell slightly after jobless claims numbers and ahead of remarks from Fed Chair Jerome Powell.

Nokia to Lay off 16% of Workforce

Nokia announced Thursday it is cutting up to 14,000 jobs over the next three years.

How to Care For Your Skin as You Age

Skincare products from Clinique.

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