Business

Thursday’s business headlines

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

Data center

Indianapolis internet speeds jumped between early 2020 and early 2021.

HighSpeedInternet.com say the download speeds rose by 83%.

On the other hand, Fort Wayne had one of the slowest speeds in the nation.

Jobless claims

New jobless claims are expected to resume their decline after a surprise jump last week.

380,000 filings are expected versus 412,000 during the prior week.

Last week’s unexpected increase in new jobless claims ended a six-week streak of improvements in initial filings.

Many economists suggest last week’s uptick was likely an aberration rather than the start of a new trend.

Avocados

The Hass Avocado Board is forecasting a 5.8% decline in avocado shipments during the third quarter compared with last year.

A Truist analyst wrote in a note to clients that fewer avocado shipments could put pressure on Chipotle’s margins.

Avocados are more popular than ever and in big demand.

Wind and solar

Most new wind and solar projects will be cheaper than coal, a new report finds.

Almost two-thirds of wind and solar projects built globally last year will be able to generate cheaper electricity than even the world’s cheapest new coal plants, according to the a report from the International Renewable Energy Agency.

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