INDIANAPOLIS (WISH) — Here’s a look at Monday’s business headlines.
3G wireless service to be phased out
Wireless companies are planning to phase out 3G service sometime early next year.
That means some older phones and emergency alert devices will lose service.
A 2018 study found about 20% of Americans connected to the internet on 3G.
Over 4 million workers quit in September
The labor department says it’s the highest number of people who have quit their jobs in the 20 years data has been collected.
Almost a million people left the leisure and hospitality industry.
Investor warns of underestimating chip shortage
Tech investor Paul Meeks believes Wall Street is underestimating the chip shortage.
Meeks thinks it will take years to get the shortage resolved.
Farmland prices soar
Farmland prices across the Midwest have risen by 20% or more in some areas. That is expected to continue for at least the next year.
Iowa and Illinois are getting the highest price per acre.
Spotify bought Ohio-based company Findaway in an effort to expand its audio offerings.
Findaway specializes in the distribution of audio books.