Business

Monday’s business headlines

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

Flowers

Your Mother’s Day bouquet may be more expensive due to a flower shortage.

Uncertainty during the early days of the pandemic and lingering supply chain issues have left some varieties of flowers in short supply and raised prices on others, florists say.

Roses and carnations have become more expensive.

Baby Blue Eucalyptus has been in short supply recently, and the company has at various times had trouble stocking varieties of white garden roses, burgundy and cafe au lait dahlias and a type of rose known as quicksand, which is popular for weddings.

Dogs

Indiana ranks among the highest states for dig bite insurance claims but lower for average payouts.

There were 326 claims in 2020, with an average payout of just over $41,000.

The Insurance Institute says dog bite insurance claims were up in 2020 and more people adopted dogs, people stayed home more and there were more deliveries.

There were almost 17,000 dog bite insurance claims filed in 2020 with an average payout of just over $50,000.

Income

Personal income jumped more than $4 trillion in April, a record 21% increase.

The Bureau of Economic Analysis says economists had been predicting a spike as stimulus payments reached people’s bank accounts and the improving economic picture pulled more displaced workers off the sidelines, but the increase exceeded even their optimistic projections.

Twitter

Twitter announced an ad campaign in support of local journalists and their work.

According to Axios, Twitter will take out 28 full-page ads in newspapers accross the U.S.

The advertisements will point users toward public Twitter lists – that feature local reporters and newspapers.

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