Here is a rundown of Cheddar News' top trending market stories of the day.
The U.S. Department of Transportation is investigating Elon Musk's company Neuralink over the alleged shipment of hazardous materials. The agency said it started the probe after animal welfare gro up Physicians Committee of Responsible Medicine (PCRM) reached out with evidence, including emails and other documents, that point to unsafe packaging and shipment of monkey brains — some which might have carried infectious diseases.
MORTGAGE RATES RISING AGAIN
Mortgage rates rose for the first time in 2023 this week, as a blockbuster jobs report last Friday bolstered the case for additional rate hikes from the Federal Reserve this year. More rate hikes usually means higher mortgage rates, which could mean more cooling in the housing market. The 30-year fixed-rate mortgage at 6.12 percent as of Feb. 9, according to the latest Freddie Mac survey. That is nearly double its rate in 2021.
META RESTORES TRUMP'S ACCESS
Meta has restored former president Trump's access to Facebook and Instagram after suspending him following the riots on Jan. 6, 2021 at Capitol Hill. The company signaled that the changes were coming late last month, and has stressed the importance of citizens being able to hear from the public futures. Trump has roughly 34 million Facebook followers and 23 million Instagram followers. However, it's still unclear if Trump will rejoin the platforms.