Demand for mortgages was down last week, even though rates inched lower for potential homebuyers. The number of houses up for sale remains low.
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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.
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UPS reached a deal to add air conditioning to its delivery trucks for the first time.
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Amazon is using A.I. to sum up product reviews on its site.
Netflix Plans Pop-Up Restaurant in Los Angeles
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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.
Stretching Your Dollar: Simple Ways to Boost Your Credit Score
On this edition of Stretching Your Dollar, AJ Ayers, certified financial planner and co-founder of Brooklyn Fi, provided some tips on how to boost your credit score.
Fed Keeps Rates Unchanged for First Time in 15 Months But Signals More Potential Hikes
The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation.
