Wednesday’s business headlines

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

Retirement

COVID-19 has been a financial boom or bust for workers, depending on their personal situations.

Northwestern Mutual found the pandemic prompted 35% of Americans to change the age when they anticipate retiring.

Those who put off their retirement date mostly said they planned to do so by three to five years.

LG Bolt

LG Electronics and General Motors have reached an agreement that will see the South Korean company should most of the cost to recall every Chevy Bolt electric vehicle built to date due to a battery manufacturing defect.

GM announced the recall in August after discovering at least 10 vehicle fires were linked to the issue.

John Deere

The United Auto Workers appear close to going on strike at John Deere.

The UAW rejected a contract offer from Deere & Co. over the weekend that would have given at least 5% raises to staff that build John Deere tractors and other equipment.

10,000 workers at 14 plants across the United States are impacted.

Inflation

The consumer price index is expected to remain hot in September and could run hot for months to come.

Economists say the recent surge in energy prices is one of the components, along with rising rents, that makes it possible CPI could stay elevated.

The CPI measures inflation.