Cheddar Morning News Briefing - SPOTIFY

Cheddar Morning Spotify News Briefings of February 18th

Hello everyone. This is your daily tech and business briefing from Cheddar news, the world's biggest retailer walmart topping estimates in their latest quarter and reiterated their long term forecast with revenue coming in at 152.8 billion. Now wal mart says they remain focused on value and offering competitive prices that as consumers are looking for more cost effective options amid rising inflation growth in the grocery sector and online sales helping walmart offset rising supply chain costs Coming in at $400 million 416,000 Tesla vehicles that over reports of unexpected brake activation, all tied to the driver assistance system. The agency received 354 complaints about the issue over the last nine months. Now the current investigation covers 2021-2022 Tesla Model three and model y vehicles and circle. The firm which backs the U. S. D. C. Stable coin has recently doubled their valuation that in a new SPAC deal with concorde acquisition group circle is now valued at roughly $9 billion. The two companies have extended the parameters in the timeline of the original deal that was struck back in july of 2021. That deal was worth 4.5 billion at the time and that's your chatter news, business and tech update. I'm baker Machado coming to you from cheddar studios in lower Manhattan want more news check out Cheddars needs to know podcast on Spotify