Business

Tuesday’s business headlines

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

Boeing

American Airlines is planning to start training its pilots on the still-grounded Boeing 737 Max this November, according to the CNBC.

The jets were grounded worldwide in March 2019 after two crashes killed 346 people, prompting software and other changes on the aircraft.

Cruise lines

Universal mask wearing, physical distancing, COVID testing and increasing fresh air into ventilation systems could allow cruising in the U.S. to return before the end of 2020.

The Cruise Lines International Association says these protocols will allow for a safe and healthy cruising experience.

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Testing will be the starting point for the new cruising normal, with all guests tested prior to embarkation with additional temperature checks through the voyage.

Bed Bath and Beyond

Bed Bath and Beyond is closing four Indiana stores.

The stores are on West 86th Street and North River crossing Road in Indianapolis.

The others are in Bloomington and Merrillville.

Many of the stores were temporarily closed during the pandemic. It shifted its retail focus to e-commerce, which saw an 82% growth sales.

Household net worth

The net worth of U.S. households surged to a record high in the second quarter as the economy began to stabilize and recover the coronavirus pandemic.

Americans’ household net worth jumped to $119 trillion from $11 trillion last quarter, according to Federal Reserve.

Real estate, the only major category to gain value in the first and second quarters, jumped by roughly $458 billion.

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