Breakfast is getting a bit more affordable as the price of wholesale eggs is on the decline.
The average price per dozen eggs has been slashed by more than 50 percent since its peak price of $5.43 on December 19. Now, they'll cost you $2.61. The assumption is that poultry farms that were forced to cull their egg-producing hens have begun producing eggs again.
Last year, the U.S. saw the deadliest bird flu outbreak in history across 46 states as 52.7 million chickens died. However, the majority of the deaths were from culling, a process of depopulation in an attempt to stop a virus from spreading.
The avian influenza virus that has swept across is being transmitted to farms by wild birds, unlike the outbreak of 2015, which was spread via farm-to-farm transmission.
Experts expect the new vamped version of the bird flu to stick around in the states. Like COVID-19, H5N1 has evolved into several different variants, making it more difficult to protect against.
"We don't know exactly what it is about it, but it does seem just to be able to grow and transmit better in wild birds," Richard Webby, director of the World Health Organization's Collaborating Center for Studies on the Ecology of Influenza in Animals, told NPR. "Wild birds are the perfect mechanism to spread a virus because they, of course, fly everywhere."
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
WeWork has filed for Chapter 11 bankruptcy protection.
Bumble, the female-focused dating app, announced that Whitney Wolf Hurd, the company's founder and CEO, will step down in January.
WeWork officially has filed for bankruptcy.
With interest rates high, housing inventory low and Veterans Day just around the corner, Cheddar News took a look at how the current market is impacting those who served and continue to serve our country. Patton Gade, national director of military lending with UMortgage, explains how a VA loan works, its benefits and what's involved in the process of purchasing a home.
Stocks were mixed in Tuesday's early session as Wall Street came off a strong rally last week.
Google on Monday confronted the second major U.S. antitrust trial in two months to cast the internet powerhouse as a brazen bully that uses its immense wealth and people's dependence on one of its main products to stifle competition at consumers' expense.
Hilton Grand said it's in the process of purchasing Bluegreen Vacations in a $1.5 billion deal.
Walt Disney Co. named former PepsiCo veteran Hugh Johnston as its new chief financial officer.
