Tuesday's Top Stories: Markets, Chegg-ChatGPT, Wednesday's Fed
Stocks closed lower today with all three major averages down by more than 1%. Investors are concerned about regional banks. The price of crude oil also fell more than 5% due to worries about the slowing economy.
Chegg, the online learning platform, saw shares decline by 48% as a result of ChatGPT's growth. The CEO said that ChatGPT is beginning to have an impact on new customer growth rate.
Tomorrow, all eyes will be on the Fed's interest rate decision. It is widely anticipated that the Fed will raise interest rates by 25 basis points to combat inflation. We will bring you the announcement as soon as it's released right here on "Yahoo Finance Live."
