Business

Tuesday’s business headlines

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

Thanksgiving travel

Despite COVID-19 concerns, more than half – 56% – of Americans still intend to travel this Thanksgiving.

Trip Advisor says Florida and Arizona are the top destinations.

Some who are traveling say they will stay in hotels so they don’t mix with family and friends as much.

That’s less than normal.

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Electric cars

General Motors will hire 3,00 new employees to work in tech.

The new hires will come from engineering, design and IT fields and work in self-driving and zero-emission vehicles.

The workers will be remote so they can work from anywhere in the country.

Simon Malls

Simon, the luxury mall operator, reported disappointing earnings after an earlier surge in its shares on optimism about the end of the pandemic.

It’s not surprising that business is way down, Simon is like many other companies deeply affected by pandemic-related shutdowns and business interruptions.

CEO David Simon says he believes malls are being treated unfairly during the crisis.

Movie theaters

Theater chains like AMC and Cinemark soared Monday on positive vaccine news

A vaccine means the theaters could reopen nationally again.

The movie theaters have been teetering on bankruptcy.

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