Business

Tuesday’s business headlines

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

Tax refunds

More than 1.3 million Americans are owed a tax refund from the IRS for 2017.

They will have to file a return quickly if they want the money.

There is only a three-year window to claim these refunds and the window closes on May 17.

You can find instructions on filing a tax return for prior years on the IRS website.

Stores close

UBS predicts 80,000 stores will close in the U.S. by 2026.

There were 115,000 shopping centers, that includes strip centers, malls, outlet and other lifestyle centers across the U.S. at the end of 2020, about 59-square feet of shopping center space per household.

UBS says ecommerce will force many of those stores to shut down.

Gas prices

Gas prices reached a national average of $2.87 a gallon, which is 94 cents higher than the same time in 2020, according to AAA, which noted that demand is one factor influencing prices at the pump.

A Gas Buddy analyst says the economic recovery is the main reason for the increase but he did point out to Fox Business that Biden administration policies like limiting permits for new drilling are contributing as well.

AAA says in Indianapolis that current average is $2.74 a gallon.

Godzilla vs King Kong

Warner Bros. monster mas “Godzilla vs Kong” brought in the biggest opening weekend of the pandemic era so far.

The film, which pits two of the most iconic movie monsters in film history against one another, nabbed $48.5 million over the holiday weekend in North America, according to the studio.

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