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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 05, 2021
Page
11
Stocks across food and consumer goods show scattered moves as Alliant and PepsiCo edge higher while Arch Dan and GenMills slip. Broad indices tilt mixed as Ingredion and PrinFael post modest gains amid thin liquidity.
U.S. borrowers show near perfect credit scores with the average mortgage borrower hitting 788 in Q1, a multi-decade high. The shift reflects cheap rates, refis, and a K shaped economy where higher income buyers prosper while lower wage workers struggle.
Three Iowa entrepreneurs behind AppLifts launch Farmmee to link farmers with service providers for tasks like spreading manure or hauling hay. Farmers may also list themselves as providers. The free-to-use app for farmers offers a subscription model for providers and allows direct rate negotiations.
The Gazette offers prints of local photos via gazettephotostore.com. If the desired image is unavailable, readers may request posting for purchase.
The S&P 500 rose 0.9 percent for the day and 0.6 percent for the week, led by technology shares with Microsoft up 2.1 percent and Apple up 1.9 percent. The Dow added 179.35 points and the Nasdaq climbed 1.5 percent, while utilities fell. The jobs report showed 559,000 May payrolls, softer than expectations, potentially allowing the Fed to keep rates low longer.
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