Consumer Minute: Orange Prices Going Up, Stock Market Woes

By Laine Baker | lbaker@knwa.com

Published 04/22 2014 08:35AM

Updated 04/22 2014 06:05PM

A gnat-sized Asian citrus insect is spreading a disease that has devastated Florida's orange crop, which is expected to be the worst in nearly 30 years, and sent juice prices soaring. The insect is infecting citrus trees across the sunshine state with citrus greening disease, which causes fruit to taste bitter and fall from trees too soon. Citrus Greening Disease has become such a problem this year that the us government has lowered its forecast for the upcoming harvest four times.

Americans are no longer bullish on the stock market. A new study commissioned by Bankrate found that nearly three in four americans or 73% say they are not inclined to invest in the stock market now. This, despite low interest rates on cash and fixed income, record highs in the stock market and market returns exceeding 30% in 2013, individual investors are still not warming up to the stock market.

Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Featured Business