About nine million people with student loans missed their first payment after the recent pandemic pause, according to data.
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Biz breakdown: Adobe Calls Off Merger, Southwest Gets Fined, Nippon to Buy U.S. Steel
Adobe and Figma called off their $20 million merger, Southwest Airlines gets fined, Nippon Steel is buying U.S. Steel and oil and gas prices surge after a pause in shipments.
Study: Over 58% of Hybrid Workers Are 'Coffee Badging'
With more employees being called back to the office, many workers are suddenly protesting by being in the office for as little time as possible. As the term suggests, coffee-badging means coming in for just enough time to have a cup of coffee, show your face, and swipe your badge.
Japan's Nippon Steel to Buy U.S. Steel for $14.9 Billion
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines to Pay $35M for 2022 Delays, Cancellations
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
Securitize: Join The Private Credit Boom
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks Slight Rise After Several Weeks of Gains
Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Big Business This Week: Tesla Autopilot Recall, Epic Victory and a Hostile Hotel Bid
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
CNBC: Citigroup Says Most Employees Can Work From Home at End of December
Citi told most of its employees that they could work from home at the end of the month, according to CNBC.
Chobani Purchases La Colombe for $900 Million
Chobani paid $900 million to purchase ready-to-drink coffee maker La Colombe.
