Business

Monday’s business headlines

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

Gas prices

The average U.S. prices of regular-grade gasoline rose 2 cents to $3.13 over the past three weeks.

Industry analyst Trilby Lundberg of the Lundberg Survey says crude oil rose more during the same period but these hikes weren’t passed onto gas consumers.

The price at the pump was 95 cents higher in the June 11 survey than it was a year ago.

In central Indiana, AAA says the current average is $ 3.02 a gallon. It was $ 2.07 in June 2020.

Remote work

A new study found that remote work reduces productivity.

The study, which surveyed the remote work habits of 10,000 employees at an Asian technology company between April 2019 and August 2020 found a 20% decrease in output.

The study found that although the workers spent 30% more time working from home, their productivity fell as they spent more time in meetings with their bosses to constantly outline their responsibilities.

Restaurants

Diners may be seeing substitutions on menus as inflation continues to send food prices soaring.

Industry experts are especially feeling the heat as their food costs continue to climb, particularly after the JBS Foods hack, which is expected to temporarily pause around the country.

Wells Fargo

Wells Fargo is trying to become a bigger competitor in the credit card space.

It’s launching its new active cash card in July.

It has no annual fee, offers a 2% cash back on purchases and a $2,000 welcome bonus – if you spending $1,000 in the first three months from the date your account is opened.

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