INDIANAPOLIS (WISH) — Here’s a look at Thursday’s business headlines with Jane King.
Bacon prices skyrocket
Bacon is more expensive for Americans than it has been in the past 40 years.
The average price for that slab of bacon to accompany the Sunday morning spread has jumped nearly 28% during the past 12 months.
Government price data also show pork chops are costing you about 7% more than 12 months ago.
Supply chain issues and big demand for pork are behind the surge.
Rent increasing at shocking rates of more than 10%
U.S. rents are increasing at rates of more than 10 percent.
In some cities of Florida, Washington and Georgia, rents rose 25% or more.
Since the start of the pandemic, the median rent for a two-bedroom apartment in the U.S. has soared 13.1% to $1,663, according to Zumper.
Macy’s embroiled in legal battle
Macy’s is embroiled in a legal battle with its landlord to prevent Amazon from using a billboard on top of its most iconic store.
The department store chain has asked the Kaufman Organization to stop a potential deal with Amazon to use the billboard on its storied Herald Square location in New York.
Macy’s claims in a lawsuit that any advertisements from its online competitor would cause “immeasurable” harm to its business.
YouTube cracking down on anti-vaxx misinformation
YouTube is banning several prominent anti-vaxxers from its site – including Robert F. Kennedy Jr. – and will delete all content that suggests approved vaccines are harmful or don’t work.
The new ban applies to all vaccines – not just those for COVID-19.
Dollar Tree raises prices amid rising costs
Dollar Tree is asking customers to cough up more than a buck for many items.
It has to do with inflation.
It’s costs are going up on everything from energy to labor so some items will jump to a $1.50
It says the price increase will allow it to offer more items as well.