Tuesday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Tuesday’s business headlines with Jane King.
Wall Street panic pauses as banks recover
The mood was definitely cheerier Tuesday on Wall Street.
No banks failed, despite concerns that turmoil from the collapse of Silicon Valley Bank would spread and the regional banks that were hit so hard on Monday recovered.
Wells Fargo: Direct deposit glitch resolved
Wells Fargo says the direct-deposit problem that appeared last week has been resolved and refunds will be issued.
The issue emerged Friday when some customers found expected deposits missing from their bank accounts.
The bank sent a note to customers explaining that there was a technical issue.
Walmart offering easter baskets, meals at 2022 prices
Walmart is pledging to give easter shoppers some relief from the sting of high inflation.
The nation’s largest retailer announced in a blog post that it will offer Easter meal and basket essentials at last year’s prices.
This means customers will be able to get an Easter meal and basket for under $100 each, according to Walmart. The company noted that over half of its customers were expecting inflation to have an impact on their celebration.
OpenAI unveils GPT-4 chatbot
OpenAI has unveiled its GPT-4 chatbot, which it claims can beat 90% of humans on the SAT.
GPT-4 performed at the 90th percentile on a simulated bar exam and scored in the 93rd percentile on the SAT reading exam and the 89th percentile on the SAT math exam, OpenAI says.
Coors light reveals beer-flavored treat in time for March Madness
“Coors-icles” are non-alcoholic beer-flavored popsicles that are meant to be enjoyed by anyone over the age of 21.
An ad for the alcohol-free treats — starring legendary ESPN college basketball broadcaster Dick Vitale — premiered Tuesday.
“Coors-icles” will be sent to 800-plus bars in the U.S. to refresh college basketball fans during March Madness.