Business

Wednesday’s business headlines

The latest business headlines

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

Youtube

Youtube’s Secretive Top Kids channel expands into merchandise.

Cocomelon videos get 2.5 billion views a month, and toddler superfans will soon have toys and albums they can buy.

It is thought to be the world’s most-watched kids programming generating $11 million a month.

Starbucks

Starbucks announced a new partnership with a OTG Hospitality Group to operate its airport locations.

OTG and Starbucks will continue to serve customers at traditional storefronts within airports. They will also be introducing locations that can move throughout terminals, allowing fliers to have coffee delivered to them just as they board or arrive.

They also plan to offer amenities found in on-the-street Starbucks locations such as mobile ordering and payment.

China

American Airlines in canceling flights between the United States and China until late April with the coronavirus still scaring away travelers.

Fort Worth-based American Airlines had hoped to resume flights between DFW International Airport and Hong Kong next week but dropped the flights until April 23 “due to a reduction in demand.”

Debt

Total household debt balances rose by $601 billion last year, according to the Federal Reserve.

Total household debt balances surpassed $14 trillion for the first time.

Housing debt now accounts for $9.95 billion of a total balance. Balances for auto loans and credit cards both increased by $57 billion for the year.

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