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Today's Scoop:
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Hey friends, here's what you need to know today...
Big Picture
Home sales are picking up.
Mortgage rates have come down off their recent highs.
Big companies from Apple to Chipotle are battling back new worker unions.
The Market: ā¬ļø+1.4%
S&P 500: 4,027.811Mo: +2% | 1Yr: -13% | 5Yr: +55%
The market pushed higher today as investors grew more comfortable that the financial crisis might be contained.
Buyers are returning to the housing market now that mortgage rates have come down a little. The Mortgage Bankers Association said new home loan applications rose 2% last week as the average 30-year fixed rate mortgage fell to a six-week low of 6.45%.
The housing slump could be reaching a bottom. The National Association of Realtors reported the number of pending home sales rose for the third straight month in February. The most significant jump in home purchases was in the Northeast. Despite the rise, the number of home sales was still down 21% from a year ago.
How are you feeling about the economy? |
Company Scoops š£ļøšš°
Click to dig in & vote your reaction, see how others feel
Amazon might buy AMC movie theaters
Lululemon still sees healthy sales
Allbirds' zero-carbon shoe without offsets
PepsiCo invests in a regenerative farming revolution [š¤]
(These links only work for 24 hours while the story is live)
Inside Scoop š¤
Regenerative Agriculture
Regenerative agriculture is a way of farming that helps the environment, improves soil health, and supports ecosystems. It uses methods like no-till farming, cover crops, and rotating animals on the land to make farming more natural and self-sustaining, breaking away from industrial farming practices that limit fields to single crops and rely heavily on chemicals.
This type of farming has many benefits. It makes soil healthier and helps plants grow better, so farmers can use fewer chemicals. This saves money and can improve the nutritional value of the crops. Regenerative agriculture also helps fight climate change by capturing more carbon from the air and storing it in the soil naturally. It's great for wildlife, too, since it creates habitats for pollinators and other helpful creatures.
More companies are looking to regenerative agricultural practices to reduce their supply-chain emissions and increase the nutritional value of their products.
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