Business

Friday’s business headlines

INDIANAPOLIS (WISH) — Here’s a look at Friday’s business headlines.

Facebook

Some senators say they will investigate Facebook after the Wall Street Journal reported on Instagram’s negative effect on mental health.

Senators Richard Blumenthal of Connecticut and Marsha Blackburn of Tennesee say they want to know what Facebook knew and if they took any steps to prevent mental health harm on young girls.

iPhone 13

Starting Friday, consumers can preorder the iPhone 13, the latest version of Apple’s popular smartphone.

The new iPhones will ship Sept. 24, although due to supply chain and shipping issues customers may have to wait longer for their new smartphone to arrive.

Chinese media reports there is already strong demand for the new generation iPhones.

Gas

President Joe Biden said his administration is looking into high gasoline prices.

Oil prices have risen 50% so far this year, with global demand for fuel roaring back after COVID-19 wiped out consumption last year.

AAA says gasoline prices rose to $3.19 per gallon Wednesday, the highest since Oct. 2014.

Thanksgiving

The supermarkets have already started Thanksgiving shopping.

The Wall Street Journal says fears of a shortage of holiday staples like turkey, cranberries and spices have forced groceries to begin stocking up now.

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