Your Cheddar hosts Kristen Scholer and Tim Stenovec discuss the latest news in personal finance, business, and the markets.
Not paying your car loan could now land you in jail. According to a new report from the American Civil Liberties Union, some people are being jailed for their unpaid bills. Private debt collectors are partnering with some local courts and prosecutors to use the criminal justice system to force repayments. The report says they are using arrests and jailing even when the debts are in dispute or when the debtor has no ability to repay.
Plus, your money isn't going quite as far as it used to. The consumer price index has increased .5% on the month and 2.1% on the year. Why? Experts say inflation is partial to blame, which means price increases for food, gas, utilities, cars, etc.
"Your Money Playbook" by Brandon Copeland offers practical advice on earning, managing, and building wealth, drawing from his NFL career and business education.
Stocks fall for a second day on Wall Street due to weak job data and recession fears. The VIX surges over 60, showing high anxiety and a potential rebound.
A new CEO takes over the embattled planemaker. Plus: Elon picks a fight, the Fed might finally cut rates and Microsoft makes a lot of money but not enough.