Monday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.
College
The coronavirus pandemic is hitting recent college graduates hard as they struggle to lock down a job even a year after graduating.
A Monster survey says about 45% are still looking for a job.
The class of 2021 is also likely to face similar job-hunting woes. Impending graduates are expecting to spend five months searching for the right job.
T-Mobile
Ookla’s speed test platform place a T-Mobile at the top of the network pack in terms of overall speed in its first quarter report for 2021.
Speedtest shows T-Mobile’s performance outpacing rivals AT&T and Verizon.
AT&T – not T-Mobile – was on top in the fourth quarter of 2020.
Amazon
Amazon is building a new furniture service that would compete with Wayfair, and alleviate customer pain points of having to DIY, Bloomberg reported.
The e-commerce giant is reportedly launching a service that would have workers deliver and build furniture, positioning it against retailers in the home improvement space such as Lowe’s, Home Depot and online home good store Wayfair, which charges extra for a building fee.
Purdue
Newly licensed technologies developed at Purdue University could help the U.S. be more competitive in rare Earth metals by using coal ash.
Indiana has more coal ash than any other state.
Rate Earth elements are a set of 17 metallic elements that are needed to make cell phones, computer monitors, fiber optics, lasers, medical imaging and many other uses.
Right now, China dominates the rare Earth market.