Friday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.
Walmart
Walmart begins its deals Sunday.
That’s Walmart’s sale to rival Amazon Prime Days which start Monday.
Shoppers will be able to make purchases across 16 store categories, including electronics, patio and garden, toys, home, sports, outdoor, auto, baby, beauty, clothing and accessories, personal care, home improvement, office, pantry supplies, pets, jewelry and top picks.
Mortgage
The average rate on the popular 30-year fixed mortgage moved decidedly higher, hitting 3.25%.
That is the highest rate since mid-April.
Mortgage Rate Daily says the move was a reaction to comments made Wednesday by Federal Reserve chairman Jerome Powell following the Central Bank’s meeting this week where he said rates will likely increase in 2023.
Hot Wheels
Hot Wheels fans will soon get a chance to own their favorite toy car as NFTs.
Mattel is auctioning off non-fungible tokens – unique digital assets that rely on blockchain technology that’s similar to what’s used for bitcoin transactions – of its iconic cars starting June 22 on its Mattel Creations website.
Travel app
Hopper rolled out its “price freeze for hotels” feature. The app now lets users lock in the best rate at a specific hotel up to 60 days.
Post-COVID pandemic, Americans are looking for more flexibility and choice before committing to plans.
After a year of lockdown and limited travel, Americans want flexibility and freedom when planning trips.