Dow Set to Stabilize After Dropping Over 500 Points
Your Cheddar hosts Kristen Scholer and Tim Stenovec bring you today's top financial news headlines. From a market sell-off to consumer spending, we have you covered!
Global stocks mostly steadied on Wednesday in pre-market trading, keeping major equity benchmarks on pace for monthly gains. Futures point to a higher open for the Dow after rising bond yields and pressure on the healthcare sector sent it to its biggest daily drop since May on Tuesday.
Plus, strong job prospects and a general upswing in the market in recent months have triggered a decrease in saving for many Americans. According to the Commerce Department, an increase in consumer spending in December led to a 12 year low in the U.S. household saving rate. This was the lowest saving rate since the height of the housing boom in the early 2000s.
Fintech pioneer Tom Sosnoff discusses the evolution of retail investing, the rise of AI, and his new platform Lossdog aimed at the next generation of trading.
The FAA prepares to select cities for its eVTOL pilot program, marking a major step toward electric air taxis and the future of urban air mobility in the U.S.
Rising oil prices tied to the Iran conflict are driving up gas and airfare costs, creating new challenges for travelers heading into the spring break season.
The Supreme Court strikes down Trump-era tariffs, limiting presidential trade powers and raising questions about refunds, global trade, and business impact.
New research from GoDaddy and UCLA shows small businesses signal shifts in GDP, jobs, and digital growth earlier than traditional data or Wall Street trends.
