Stocks were mixed at the open but Wall Street was heading for a losing week as investors digested the hints that the Federal Reserve could raise rates before the end of the year.
Share:
More In Business
Stock Market Today: Wall Street Jumps, and Its Winning Streak Kicks Into a Higher Gear
Stocks swept higher Thursday, revving the longest rally for Wall Street in a year and a half into a higher gear.
On the Scene: New Isle of Us Café Touts Health and Environmental Benefits
If you're looking for food that's good for you and the planet, look no further than the new Isle of Us café and marketplace in the Upper East Side. Cheddar's own Shannon LaNier is on the scene with more.
Egg Prices See Largest Monthly Decline in 72 Years
The price of one kitchen staple is dropping at a historic rate. In May, egg prices had their largest monthly decline in 72 years. Ricky Richardson, CEO of South Carolina-based Eggs Up Grill, joined Cheddar News to discuss the state of play in the egg industry as prices fall while food costs overall are on the rise again. Egg prices are "returning to more normal levels now, we're running down about 40% on a year-over-year basis," he said.
Best Cost-Saving Tips for Home Improvement
Best Cost-Saving Tips for Home Improvement
The Day Ahead: Sam Bankman-Fried Trial, Songwriters Hall of Fame & Cava Group IPO
The Day Ahead: Sam Bankman-Fried Trial, Songwriters Hall of Fame & Cava Group IPO
UPS to Add Air Conditioning to Delivery Trucks
UPS reached a deal to add air conditioning to its delivery trucks for the first time.
Amazon Uses A.I. to Summarize Product Reviews
Amazon is using A.I. to sum up product reviews on its site.
Netflix Plans Pop-Up Restaurant in Los Angeles
Netflix Plans Pop-Up Restaurant in Los Angeles
Analyst Discusses What Lies Ahead in the Market As Fed Pauses Rate Hikes
Eric Lynch, managing director of Scharf Investments, joined Cheddar News to discuss market trends and what lies ahead as the Federal Reserve paused interest rate hikes.
