Stocks Feeling the Effects of Chinese Covid Protests

China: 'Spy Balloon' Is a Civilian Airship

"By Matthew LeeA huge, high-altitude Chinese balloon sailed across the U.S. on Friday, drawing severe Pentagon accusations of spying and sending excited or alarmed Americans outside with binoculars. Secretary of State Antony Blinken abruptly canceled a high-stakes Beijing trip aimed at easing U..S.-China tensions.The cancelation came despite China’s claim that the balloon was a weather research “airship” that had blown off course. The Pentagon rejected that out of hand — and China's contention that the balloon, about the size of two school buses, was not being used for surveillance and had only limited navigational ability.The balloon was detected earlier over...

"BEIJING (AP) — China said Friday it was looking into reports that a Chinese spy balloon has been flying in U.S. airspace over sensitive sites — a discovery that further strained already tense relations between Beijing and Washington.Foreign Ministry spokesperson Mao Ning said China has “no intention of violating the territory and airspace of any sovereign country” and urged calm while the facts are established.The reports came as U.S. Secretary of State Antony Blinken was expected to make his first trip to Beijing this weekend. The visit has not been formally announced, and it was not immediately clear if the balloon's discovery...

"Josh Sills, a reserve offensive lineman for the NFC champion Philadelphia Eagles, has been indicted on rape and kidnapping charges that stem from an incident in Ohio just over three years ago, authorities said Wednesday.Sills, an undrafted free agent who appeared in just one game this season, was placed on the commissioner’s exempt list. That means he can’t practice, play or travel with the team as it prepares for the Super Bowl.The NFL announced the move Wednesday and said the issue is being reviewed under the league's personal conduct policy.The rookie, who played at West Virginia and Oklahoma State, was...

"Punxsutawney Phil saw his shadow on Thursday morning, which means there will be six more weeks of winter, according to local folklore. The groundhog emerged from his hole at Gobbler’s Knob in western Pennsylvania to the usual festivities. An "inner circle" of local dignitaries helped "summon" him from hiding place. This group is also responsible for feeding and caring for Phil himself. The folklore around Punxsutawney Phil goes back more than a century, with records of the annual ritual dating to 1887. Yet Phil is more often wrong than right when it comes to the weather. Over the last 10 years, his prediction has only proven correct around 40 percent of the time, according to the National Centers for Environmental Information.If you're looking for a second opinion, New York City’s Staten Island Chuck will also be emerging Thursday with a weather prediction of his own. "

Meet Bobi, an Australian cattle dog, the oldest at 30 years old.

Josh Sills, a Philadelphia Eagles player, has been indicted on rape and kidnapping charges ahead of the Super Bowl.

Google is testing a new AI-powered chat bot in response to the popularity of ChatGPT, according to CNBC.

"AUSTIN, Texas (AP) — A mess of ice, sleet and snow lingered across much of the southern U.S. as thousands in Texas endured freezing temperatures with no power, including many in the state capital of Austin, but a warming trend was forecast to bring relief from the deadly storm Thursday.More than 390,000 customers in Texas were without power early Thurdsay as trees, heavy with ice, buckled onto power lines, according to PowerOutage, a website tracking utility reports.More than 150,000 of those outages were in Austin, where the city’s utility warned residents who had been without electricity that lights and heat may not...

An ancient massive glacier located about 50 miles from Seattle disappeared, according to a researcher.

The Department of Agriculture is looking to change school lunch standards but critics are pushing back.

"Here is a rundown of Cheddar News' top trending market stories of the day. Just yesterday, it looked like tech stocks were flying high after Meta rallied more than 20 percent on the heels of a strong earnings report. Then Google parent Alphabet, Apple, and Amazon all released their earnings after the bell, and the narrative quickly shifted. ALPHABET SLOWING HIRING Alphabet, for example, reported a 34 percent drop in net income and its fourt consecutive decline in profits, in large part due to a slow down in digital advertising. The company stressed that its trying to get back onto firmer ground. “We’re...

"By Chris MegerianRepublican lawmakers on Sunday accused China of deliberating surveilling sensitive U.S. military sites with a suspected spy balloon and said the Biden administration had given Beijing an intelligence opening by not downing the balloon during its high-altitude drift through American airspace.The balloon's presence in the sky above the United States before a military jet shot it down over the Atlantic Ocean with a missile Saturday further strained U.S.-China ties. America's top diplomat abruptly scrapped a trip to Beijing and China's defense ministry said in a statement after the balloon fell into the waters off the Carolina coast that it "reserves...

"By Stan ChoeWall Street’s bang to start the year got even bigger Thursday, as tech stocks and a surge for Facebook’s parent company led the market higher.The S&P 500 rallied 1.5% a day after hitting its best level since August. The Nasdaq composite soared 3.3%, while the Dow Jones Industrial Average lagged because it has less of an emphasis on tech. It slipped 39 points, or 0.1%.Meta helped lead the way with a 23.3% leap after it reported better revenue for the latest quarter than analysts expected and said it expects to spend less this year than earlier forecast. While its...

Athletes Unlimited, a progressive sports league for women athletes in basketball, lacrosse, softball and volleyball, is signing big deals with stars and distributors. Cheddar News speaks with Jon Patricof, CEO and co-founder of Athletes Unlimited about how the league is shaking up the world of professional sports.

Will Rhind, CEO of GraniteShares, joined Cheddar News to discuss Friday's trading session and the overall market as investors deal with some uncertainty despite the Federal Reserve's cautious optimism about inflation cooling.

"The Justice Department has released its most expansive report on gun crimes in two decades. Attorney General Merrick B. Garland in 2021 directed the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) to begin a comprehensive study of firearm-related crimes. The first part of this massive undertaking was released in May of 2022. Now the second part is available. “This collection of data will equip our prosecutors and agents – and our law enforcement partners across the country – with unprecedented insights into firearm trafficking networks and dangerous emerging firearm technologies," Garland said in a statement. One finding from the treasure trove of...

Cheddar News dives deep into the mobile-gaming industry where users can now earn money while playing games on their phones.

"Global Pharma Health is recalling its Artificial Tears Lubricant Eye Drops due to a possible contamination that could cause blindness and even death. The Centers for Disease Control and Prevention (CDC) said there have been 55 reports of "adverse events including eye infections, permanent loss of vision, and a death with a bloodstream infection" related to the use of the over-the-counter product. The product is distributed by EzriCare and DELSAM Pharma. The Artificial Tears drops are generally used to treat dryness or irritation in the eye. The product is available nationwide, and Global Pharma Health is urging customers who already have it to...

Data on the labor markets showed signs of a slowdown, with weather partly blamed for the numbers that came in below estimates.