Friday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Friday’s business headlines with Jane King.
Mortgage rates fall for first time in 6 weeks
The average U.S. mortgage inched back down this week after five straight weeks of gains.
The average on the benchmark 30-year rate slid back to 6.6%, according to mortgage buyer Freddie Mac.
The average rate a year ago was 4.1%.
5 million+ American households behind on rent
As of February, renters in the U.S. continued to owe nearly $11 billion in debt. The average amount owed is more than $2,000.
Support for rent control policies has gained traction nationwide.
Economists are widely against the idea of rent control; they argue that rent control would deter developers from building more houses, which would only worsen the country’s housing supply.
Amazon to stop selling magazines, newspapers on Kindle
Amazon is no longer selling magazine and newspaper subscriptions through kindle newsstand and will stop delivering current kindle newsstand subscriptions in September.
After June 5, you won’t be able to manage print subscriptions through Amazon.
Amazon’s changes are part of other cost-cutting measures at the company, which have also included massive layoffs affecting about 18,000 employees.
Dollar Tree stops selling eggs over price hikes
The price of eggs has become so expensive that one large chain is refusing to sell them.
Dollar Tree says its stores will stop selling eggs because avian flu is driving the prices up.
The discount chain says it will resume selling eggs in the fall, but until then, eggs will not be available in the grocery sections of more than 8,000 stores in the U.S. And Canada.
Google hikes price of YouTube TV
Google is raising the price of YouTube TV to $73 a month.
Google says the increase is necessary as it’s investing more into content.