New applications along with refinancing for mortgages dropped from a year ago as rates continued to climb.
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Stocks Close Mixed as Netflix Drags on the Tech-Heavy Nasdaq
Stocks closed mixed Wednesday as investors digested the latest earnings reports, in particular Netflix, which weighed on the tech-heavy Nasdaq. Netflix's quarterly results were disappointing — the streaming giant reported its first quarterly subscriber loss in a decade. Kevin Nicholson, Global Fixed Income CIO at RiverFront Investment Group, joins Closing Bell to discuss today's close, what investors are keeping an eye on, how the Federal Reserve could try to tame inflation, and more.
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Stocks Fall on Wall Street Following Fed Chief's Comments
Stocks shed early gains and closed broadly lower on Wall Street Thursday after the head of the Federal Reserve said the central bank needs to take more aggressive action to fight high inflation.
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Ellevest Raises $53 Million to Help Power Female Founders
Sallie Krawcheck, CEO and co-founder of Ellevest, joins Cheddar News' Closing Bell, where she explains how her firm is meeting the demand of women in the workplace who are looking to make and save more money.
SEON Fights Online Fraud, Raises $94 Million in Series B Round
Bence Jendruszak, COO and Co-Founder of SEON, joined Cheddar News' Closing Bell, where he says his platform sees more victims of online fraud during economic downturns, but explains why his company's solution can stop that trend.
Looming EV Battery Shortage Could Have Major Effects on Auto Industry
Andrew Miller, Chief Operating Officer at Benchmark Mineral Intelligence, joined Closing Bell to discuss the warning from Rivian's CEO about a possible EV battery shortage due to lack of access to key metals like lithium.
Swimwear Brand Is Sustainable From Sourcing to Shipping
While the push for sustainable fashion has been gaining traction, traditional swimwear is often still made with toxic plastic fibers. Natalie Herzig joins Cheddar News to explain how her brand Argot Swim is sustainable from sourcing to shipping.
