Business

Wednesday’s business headlines

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

Free credit reports

Americans can access free weekly credit reports at AnnualCreditReport.com during the pandemic.

The free reports started in April 2020 and will continue through April 2022.

Checking your credit report can help you know your score and spot and correct any errors quickly.

Kroger traffic

Customer traffic Kroger stores fell sharply in January compared with a year ago, but it has started to rebound a bit.

Visitors to stores fell in the first week of February too, down a little more than 1%.

This is according to Placer.AI.

The theory is that people are sick of cooking at home and eating out at restaurants more often.

Lyft

Lyft said the last week of February was its best week in terms of volume since pandemic lockdowns began.

The company expects March to show positive year-over-year growth ridesharing volume.

Uber has spun off its more unprofitable businesses and made big bets in the food delivery space in an effort to replace revenue lost from ridesharing.

Volvo

Volvo says it will make only electric vehicles by 2030. But if you want one, you’ll have to buy it online.

The Swedish automaker said Tuesday that it is phasing out the production of all cars with internal combustion engines – including hybrids.

It’s all-electric vehicles will be sold exclusively online.

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