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
Don’t Get Stuck With FOMO: Budget for That Dream Vacation
Even if you don't have a five-star budget, travel is a priority for more consumers. Here's how to get the best possible deals.
Julia Fox and Law Roach Team Up For a Sustainable Fashion Show
A new fashion competition show on E! called “OMG Fashun,” challenges contestants to repurpose materials to create unique looks.
The Fed Indicates Rates Will Remain High. What Does That Mean For You?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy.
Netflix’s ‘Roast of Tom Brady’ Was Well Done
A busy weekend at Netflix, culminating in the star-studded ‘Roast of Tom Brady,’ suggests the streamer is ready to compete with rivals like Amazon.
Tiny Homes Equal Big Results. Here’s Why You Should Consider Investing In One
For most, buying a home is a far-reaching goal. With high mortgage rates and low inventory, this CEO wants you to consider investing in a tiny home.
From Happy Meals to Footlongs, Get Ready for More Celebrity Food Deals
As inflation-weary consumers cut back on dining out, brands like McDonald’s are relying more heavily on celebrity and influencer endorsements to move the needle
We Got Bad News and Good News: Weak Job Market, Better Stock Market
It was a lot harder than expected for the average worker to find a job in the past month. But that slowdown means long-promised rate cuts are coming.
April Jobs Report: Labor Market Cooling To A More Sustainable Pac
Gregory Daco, chief economist at EY breaks down April’s jobs report and what it means for the next few months
Big Business This Week: A 'Slow-Motion Murder' at Paramount, Tax Hikes (for the Rich) and is Walmart the New Whole Foods?
Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.
