Fed Chair Jerome Powell said higher rates are here to stay for now.
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White House to Impose Inflation Penalties Against Drugmakers
The Biden administration says it will impose inflation penalties on dozens of drug makers to lower costs for those on Medicare.
The Battle of Fast Fashion: Temu vs. Shein
Two of the top low-cost online retailers are going head to head in a new legal battle. Cheddar News' Michelle Castillo breaks the lawsuit down.
U.S. Applications for Jobless Benefits Fall Again as Labor Market Continues to Thrive
The number of Americans filing for jobless benefits fell last week as the labor market continues to thrive despite high interest rates and elevated costs.
Mickey Mouse Will Soon Belong to You and Me — With Some Caveats
The earliest version of Disney's Mickey Mouse will become public domain on Jan. 1, 2024.
'Cookeez Makery' Toy Oven in High Demand
The toy magic oven called the Cookeez Makery is one of the hottest toys for kids this holiday season.
IKEA's Giant Meatball Contest
In the UK, IKEA is looking to give away some meatballs, and not just regular-size meatballs.
'The Rock' to Star in MMA Film, Kevin Hart to Headline Boxing Project on Peacock
Dwayne 'The Rock' Johnson is set to star in a movie playing MMA and UFC legend, Mark Care, while Kevin Hart will headline a boxing project over on Peacock.
Coca-Cola Recalls Several Thousand Cans Due to 'Foreign Material' Inside
Coca-Cola is recalling drinks sold in three southern states due to possible "foreign materials" inside cans.
Stocks Jump After Record Close, Fresh Economic Data
Stocks jumped after the Dow Jones closed at a record high while fresh retail sales data showed positive consumer spending ahead of the holidays.
