INDIANAPOLIS (WISH) — Here’s a look at Friday’s trade headlines with Jane King.
Interest rates slow US home sales
US home sales are slowing. April sales were the slowest since the start of the pandemic boom.
But the prices are still going up. The median price of existing homes has risen to $391,200.
US rent hits record high in April
Rents in the United States have just reached a new record.
The national median rent was $1,827 per month in April, up 16.7% from a year ago, according to a report from Realtor.com.
Indiana rents are up 13% from the same time last year, according to data from rental property accommodation site Dwellsy.
Twitter adds warning labels for viral misinformation
Twitter will add a warning label to tweets it considers “viral misinformation”.
Twitter will use a variety of removal methods on “misleading” tweets, including removing posts from recommended content and preventing tweets from being amplified via engagement.
The company claimed that the removal tools would only be used in the event of a “humanitarian crisis”.
Kohl’s sales fall amid inflation
Kohl’s cut its sales and profit targets.
The retailer says it has seen a sharp drop in customer spending due to inflation.
A Kohl executive says customers’ wallets are squeezed so they walk into the store and are a bit more attentive to the brands they’re buying and what’s going into their basket.
Samsung adds face customization to the fridge
You can choose a favorite piece of art, a kid’s doodles, or just put your own face on your own fridge for no good reason. Samsung is adding face customization options to its refrigerators.