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."
The labor market continues to defy the Federal Reserve’s attempts at loosening it, with U.S. applications for unemployment benefits down again last week and remaining at historically low levels.
General Motors (GM) announced that it will stop production on the current sixth generation of the iconic Chevrolet Camaro. Production at the Lansing Grand River Assembly Plant in Michigan is expected to end in January 2024.
Web browser Mozilla is investing $30 million into launching a startup, called Mozilla.ai, focused on building a "trustworthy, independent, and open-source AI ecosystem."
The Federal Aviation Administration (FAA) is launching a new plan to avoid flight delays in New York City and Washington, D.C. this summer. The plan will lower requirements for airlines to obtain take off and landing rights to help avoid congestion.
Lawmakers grilled TikTok CEO Shou Zi Chew on Thursday in a high-stakes hearing on the future of the popular, Chinese-owned video sharing platform in the U.S.
Actress Lindsay Lohan appears at the Christian Siriano Fall/Winter 2023 fashion show in New York, Feb. 9, 2023. The Securities and Exchange Commission said Wednesday, March 22, that Lohan, rapper Akon and several other celebrities have agreed to pay tens of thousands of dollars to settle claims that they promoted crypto investments to their millions of social media followers without disclosing they were being paid to do so.
Cheddar News breaks down what to look for on The Day Ahead, as TikTok CEO is scheduled to testify before Congress on Thursday while earnings from General Mills and Darden Restaurants are on tap. Residential sales data for February is also scheduled to be released.
Virgin Orbit is reportedly in talks for a $200 million rescue plan and the company said in a regulatory filing that it plans to resume operations on Thursday.
