Friday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.
Simon
Simon says both online shopping and Bitcoin are bad for the environment.
John Rulli, chief administrative office, says where you shop matters. Stores are the most sustainably friendly option in retail.
Simon is committed to protecting the environment and has substantially reduced its overall carbon footprint by 50% since 2003, reduced water compensation and recycle at all centers.
Target
Target has announced that it will temporarily step selling trading cards – both sports and Pokémon – in stores following a recent violent dispute at one of its locations.
Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four other over sports trading cards.
Disney
Disney’s theme parks took another big hit from the pandemic in the second quarter but easing COVID-19 restrictions could help.
Disney reported 103.6 million Disney+ customers as of April 3. Analysts had projected 109 million.
The streaming service had been bolstering the company’s success as it was losing out on business from COVID restrictions.
Gates divorce
The first hearing in the divorce proceedings between Bill and Melinda Gates is scheduled for Friday.
The billionaires announced their divorce on May 3 but confirmed they would keep working together at the Bill and Melinda Gates Foundation, one of the largest charitable organizations in the world.
Friday’s hearing may shed light on how assets will be divided and could impact stocks they own.