Cheddar News looks ahead to Tuesday as Fed Chair Jerome Powell will testify on Capitol Hill about the central bank's response to inflation. Earnings are also on tap from Dick's Sporting Goods, Stitch Fix and Crowdstrike.
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Home Sales in June Fell to the Slowest Pace Since January With Near-Historic Low Inventory for Sale
Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines. The national median sales price fell on an annual basis for the fifth month in a row, though fierce competition led to about one-third of homes selling for more than their list price.
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Severe weather is pushing insurance companies out of states that are hardest hit.
Microsoft Giving Free Cybersecurity Tools to Government
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Unemployment Benefits Applications Drop
Unemployment Benefits Applications Drop
