New applications along with refinancing for mortgages dropped from a year ago as rates continued to climb.
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Stocks Rise as Uncertainties Keep Wall Street Wobbly
Investors shook off worries about the economy and rising interest rates to lift the S&P 500 nearly 1%.
N2K: 7 States Hold Midterm Primaries, Manchin Offers Potential Gun Control Path, 5 Tampa Bay Rays Players Refuse Pride Patch
Here are your Need2Know stories for Tuesday June 7, 2022: Today, voters head to the polls for primary elections in California, Iowa, Mississippi, Montana, New Jersey, New Mexico, and South Dakota. Senator Joe Manchin said he would support raising age requirements for gun purchases to 21. Manchin told CNN he also "wouldn't have a problem looking at" a ban on AR-15 assault rifles. Meanwhile, five players on the Tampa Bay Rays roster opted not to wear a patch added to its uniforms intended to celebrate pride month.
Cheddar Morning News Briefings of June 7th
Cheddar Morning News Briefings
Survey: Many Americans Say They Need $1.1 Million To Retire Comfortably — But Less Than a Quarter Will Get There
Saving for retirement is more important than ever as inflation lingers, but more Americans are anxious about their ability to do so. A new survey by Schroders shows that many people say they need just over a million dollars to retire comfortably — but only about one-quarter of respondents said they were likely to meet that goal. So, what should people do to retire safely? Joel Schiffman, head of intermediary distribution for North America at Schroders, joins Closing Bell to discuss the survey results, best practices for retirement planning, why a certain percentage of Americans actually plan to work while retired, and more.
Day One of Apple's WWDC Event Already Making Impact on Wall Street
Hatem Dhiab, Managing Partner at Gerber Kawasaki, explains how investors can pick up clues on the tech giant's direction by honing in on new offerings like Apply Pay Later and a pair of new MacBook computers.
U.S. Stocks Close Slightly Higher As Inflation, Recession Fears Persist
U.S. stocks close Monday's session slight higher Monday as investors continue to monitor whether the economy will successfully avoid a recession. For many, fears over inflation and rising interest rates. Tommy Mancuso, president and co-founder of the Bad Investment Company, joins Cheddar News' Closing Bell to discuss.
need2know-afternoon-edition-060622
need2know-afternoon-edition-060622
Lolli CEO Expresses Displeasure With New York's Crypto Mining Bill
Alex Adelman, CEO and Co-Founder of bitcoin rewards platform Lolli, joins Cheddar News' Closing Bell, where he says that 'incompetent, lazy politics' are behind the push for a crypto mining bill that would implement a two-year moratorium on digital currency mining at fossil fuel power plants in New York. Adelman also explains why this action is contributing to crypto miners leaving the state.
Babylist's Baby Registry, Online Marketplace Aims to be One-Stop Shop for Baby Products
Babylist is an online baby registry for expecting and new parents, who can use the platform to share what they would like to receive as gifts to celebrate their baby's birth. The company also operates as an e-commerce and content platform for baby products, saying it aims to be a one-stop solution for parents, family, and friends to buy best-in-class baby products at what is a critical and deeply personal moment in their lives. Natalie Gordon, founder and CEO of Babylist. joins Cheddar News' Closing Bell to discuss.
