Monday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.

Jobs

A poll finds more than a third of Americans are considering quitting their jobs.

The Yahoo Finance/Harris Poll survey says four in five of the potential quitters (83%) want to make the move in the next six months, while the same percentage said they’ve been considering the move for the past year.

The top reasons why workers want to quit are better opportunities, higher salary and better work-life balance.

Robinhood

Robinhood is considering launching U.S. retirement accounts.

The stock brokerage app is planning an IPO to price this week, like IRAs.

The online brokerage has about 18 million funded investment accounts on its platform, most of which are held by retail traders.

Mortgage

This week’s big drop in mortgage rates could trigger a new refinance frenzy.

Rates are once again very close to their all-time lows from early this year, because COVID-19’s raging Delta variant has investors worried about the economic recovery.

The average rate on a 30-year fixed-rate mortgage sank this week in Freddie Mac’s weekly survey to 2.78% – slightly above January’s record low of 2.65%.

Food prices

The owner of a grocery store chain says food prices could spike by 14% by October.

John Catsimatidis, which owns Gristedes chain, says grocery stores are raising their prices in response – and so are some restaurants, too.

The price of beef rose by 4.5% in June compared to May, eggs by 3.1% and pork by 3.1%, according to data from the Bureau of Labor Statistics.