New applications along with refinancing for mortgages dropped from a year ago as rates continued to climb.

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Bank Of America Awarded Certification Of Financial Health
Bank of America is officially the first financial institution to be certified by J.D. Power for financial health support. The data analytics and consumer intelligence company evaluated Bank of America and other financial institutions through a rigorous process that involved reviewing nearly 100 best practices, and Bank of America is the first in the industry to receive it. Holly O'Neill, President of Retail Banking at Bank of America, joined Cheddar to talk more about this certification, what it means, and how to get started on the path to financial health.
Ford Splits EV Unit from Traditional Autos
Ford is looking to charge its electric business forward -- splitting its EVs and legacy internal combustion engine models into separate units. Ford says the split will streamline its EV business and boost profits, while giving it a better competitive edge. Ford's new EV focused business will be called Ford Model e. Greg Martin, Co-Founder, Rainmaker Securities joined Cheddar's Opening Bell to discuss.
Metal 3D Printing SpaceX Vendor Velo3D CEO on Q4 Revenue Jump
Velo3d, a company that provides metal 3D printed parts for companies such as SpaceX, reported a boost in Q4 revenue quarter over quarter. Founder and CEO Benny Buller, joined Cheddar News to discuss the earnings and the foundation of the company's current success. "The whole space sector is about 25 percent of our business. We have a lot of business in aviation, in power generation, in energy, and in semiconductors. I would say that the big jump in our revenue is related to the release of our Sapphire XC, which is a scale-up product reducing costs by about three times compared to the first Sapphire machines," he said. "This allows customers to dramatically reduce costs as well as make much bigger parts."
Stocks Close Near Session Lows as Investors Digest Russia-Ukraine Conflict
Stocks closed near session lows Thursday as investors continue to digest the Russia-Ukraine conflict. Wall Street also continues to watch inflation as energy prices and other costs rise across the board, ahead of the Federal Reserve's March meeting, widely anticipated to bring a quarter-point rate hike. Reva Shakkottai, senior vice president and financial advisor at RBC Wealth Management, joins Closing Bell to discuss today's market close, the Fed's movement on inflation amid Chairman Jerome Powell's congressional testimony, market valuation, and more.
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