Monday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.
Memorial Day
Americans will face several price hikes and shortages this Memorial Day.
From chicken to gas, it’s getting harder to come by items due to supply-chain issues.
If you haven’t rented out a vacation home yet, it might be too late to find one this year: 85% of vacation rentals in Cape Cod, the outer banks and along the Jersey Shore are booked through August, Vrbo said.
Jobs
More than a third of U.S. workers changed employers or lost their jobs since the start of the pandemic, double the typical level in the previous two decades.
An Arizona State University and Virginia Commonwealth study found among workers who had a job in February 2020, almost 37% were no longer with their employer a year later.
Millions of workers who lost their jobs in the Spring of 2020 were back at work in March this year and the paper implies that the recovery is largely due to people finding new jobs rather than returning to their old employers.
Warner Media
AT&T is in advanced talks to merge Warner Media with Discovery to take on Netflix.
The new company will be publicly traded and co-owned by AT&T and Discovery shareholders.
The content from both Warner Media and Discovery combined will be a better competitor to bigger streaming services like Netflix and Disney+.
Twitter will call its subscription service Twitter Blue.
CNet reports it will cost $2.99 a month.
The tiered service will also let you make collections of your favorite tweets, so you can find them when you want to.