Business

Friday’s business headlines

INDIANAPOLIS (WISH) — Here’s a look at Friday’s business headlines.

Homes fore sale

Rates for home loans have tumbled.

The 30-year fixed rate mortgage averaged 4.06 percent, according to Freddie Mac.

That was a 14-month low and the biggest weekly decline since June 2009.

OPEC meeting

President Trump asked OPEC to increase the flow of oil.

He says prices are getting to high.

Oil prices are up about 24 percent year to date.

Cannabis bill

A bill that would allow cannabis companies to do traditional banking has easily cleared a House committee.

Cannabis companies don’t have access to banks because cannabis is still illegal on the federal level.

This creates problems for marijuana companies who are targets for theft due to the cash they have in their buildings.

Lyft going public

The ride-hailing company Lyft is going public Friday.

It’s gaining momentum with shares priced at $72 now.

Lyft shares will list Friday on Nasdaq under the ticker “LYFT.”

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