U.S. markets ended the week in the red as investors are figuring out how the Federal Reserve will act on interest rates moving forward. Cheddar News speaks with Steve Sosnick, chief strategist at Interactive Brokers, who breaks down the markets' action.
Share:
More In Business
Microsoft Hits Back at Delta Over Claim Tech Outage Cost $500 Million
Microsoft is joining cybersecurity firm CrowdStrike in fighting back against criticism from Delta Air Lines.
What Happened? Markets Rebound After Chaos; Recession & Fed Cuts Loom
Chaos at the NYSE starts the week with crashing stocks and recession fears. Attention shifts to sectors, small caps, and AI spending.
Get Rich B*tch: How Frich Is Transforming Gen Z's Finances
Frich is a social finance app that tackles Gen Z’s financial obstacles and promotes open money discussions.
Fed's Delay Sparks Global Sell-Off
As markets plunge and economic fears rise, investors speculate the Fed might cut rates urgently.
Markets Shudder: Are Economists Right About the Fed Being Too Late?
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.
Tech Giants’ Mixed Earnings: Winners, Losers & What’s Next for AI
Amazon, Google, Meta, and Microsoft spent $58 billion this quarter. Will this boost Nvidia's $330 billion market cap? How soon will AI drive profits?
Travel Trends: AI’s Impact, The Eras Tour, & Top European Destinations
Plus: Major sporting drive local spending. Experiential travel and tech trends rise, with Munich, Tokyo, and Tirana as top destinations.
DoorDash Sees Record Q2 Orders and Revenue As Restaurant Traffic Slows
DoorDash set quarterly records for total orders and revenue despite slowing U.S. restaurant traffic.
Big Business This Week: Can Boeing Finally Get Back on Its Feet?
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.
