Business

Thursday’s business headlines

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

Jobless claims

Traders have an eye on the latest claims figures before the opening bell.

Expectations are for 450,000, down from a pandemic low of 473,000 the prior week. Continuing claims, which track the total number of unemployed workers collecting benefits, are anticipated to drop as well.

Some states have begun phasing out the weekly $300 enhanced unemployment benefits. They argue that the federal benefit – which is paid on top of state benefits – is incentivizing jobless Americans to not go back to work.

Child care

Parents spend an average of $8,300 per child to secure year-round child care.

Parents, on average, spend a little over $750 per child per month during the school year and an average of $834 for summer child care, according to a May survey conducted by YouGov on behalf of BankRate.

USPS

Postal service reform might be a real possibility this year.

A bipartisan group of senators is expected to introduce a bill that would repeal a $5 billion a year in mandatory retiree health care expenses and require future retirees to enroll in Medicare.

Bill Gates

Bill Gates transferred more than $850 million in shares of Deere & Co. to his estranged wife Melinda, according to a report.

That brings the total value of shares transferred to Melinda Gates to more than $3 billion, The Wall Street Journal reported Tuesday.

Referring to shares that the couple has publicly acknowledged transferring since May 3, when they announced plans to divorce after 27 years together.

The Deep transfer represents 2.25 million in shares in the Illinois farm equipment and other devices.

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