Business

Friday’s business headlines

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

Tech workers

Tech workers, who have been working from home during the coronavirus pandemic, are starting to leave San Francisco and head to other cities.

Rents for a one-bedroom apartment in the world’s most expensive city are down 9% year over year, an “unprecedented” drop that is much larger than what has been seen in any other major metro area, according to data from rental site Zumper.

They are moving to other California cities and Seattle but moving interest has been strong to Charlotte, Indianapolis and San Antonio.

Ford

Ford will extend its work from home policy for the majority of its salaried employees until at least the beginning of September to mitigate the spread of the coronavirus pandemic.

A Ford spokesperson says the timing allows them to continue prioritizing safety actions such as sufficient PPE for all their place dependent workforce who have already returned, as well as proper supply for those who would be returning later this summer.

American Airlines

American Airlines stock rocketed to record gains on signs that the worst is over for airlines.

American shares soared 41% on volume of nearly 400 million shares after the company expects flights in July to improve to more than half of last year’s capacity.

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