Tuesday’s business headlines

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

Credit card debt

Because of the coronavirus crisis, consumers are paying down debt and saving more than they have in decades.

Americans repaid almost $38 billion in credit card debt during 2020 – a record, according to WalletHub.

But there will likely be a surge in spending once people are vaccinated and COVID-related restrictions are lifted.

Full employment

Treasury Secretary Janet Yellen says the COVID stimulus package should allow the U.S. economy to return to full employment in 2022.

There were nearly 10 million unemployed Americans in February, almost double the pre-pandemic levels.

The IMF director said a key part of getting to full employment is vaccinations and getting schools reopened full time.

Fetch AI

Artificial intelligence and machine learning are changing the face of commerce, computing and other technologies on a daily basis.

Fetch AI is working on ways to connect people directly with businesses and services they need without a third party aggregator website.

Fetch’s technology could also work with city services like finding a parking place or garbage pickup.

Apple event

Apple is expected to hold its next big event in March, Apple Leaker Jon Prosser said Monday.

The product announcement, which could include devices like the long-rumored Smart Tracker Tag, the Airpods 3 or an iPod Pro update, will reportedly take place March 23.