Thursday’s business headlines

Business

INDIANAPOLIS (WISH) – Jane King is in with the latest business headlines.

Electricity 

The recent heatwave across much of the U.S. sent electricity demand surging the highest in years.

Bloomberg reports the even stock trades were slowed down by milliseconds due to the strain on power systems.

Prices of electricity on the open market hit the highest since March.

Jobs

Workers ares choosing the leave their jobs at the fastest rate since the internet boom 17 years ago and getting rewarded for it with bigger paychecks and/or more satisfying work.

Labor Department data show the 3.4 million Americans quit their jobs in April, near a 2001 peak and twice the 1.7 million who were laid off from jobs in April.

And it’s impacting a broad based number of industries.

Fireworks

The number of Americans setting off Roman candles and sparklers this year hit a record high.

The American Pyrotechnics Association says the good economy and relaxed fireworks laws in some states boosted sales.

Sales of home fireworks reached 900 million, according to the association.

Netflix

Would you pay $17 a month for Netflix in 4D and high definition?

Tutto Android reports that the streaming services is looking at an ultra premium tier.

Netflix did confirm that it is testing the tier and not everyone will see it unless it decides to implement it across its business.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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