Thursday’s business headlines

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

Gap

The Gap seemingly tried to promote togetherness amid the presidential election by showing off a sweatshirt that was half red and half blue.

Things being the way are, however, the post seemingly sparked a negative response on social media.

The Gap pulled the post.

Federal Reserve

The Federal Reserve will consider a shaky economy, implications of the pandemic and now an election that hasn’t produced a winning presidential candidate.

The Federal Reserve has helped the economy but may be running low on more stimulus.

E-commerce

U.S. consumers will spend $190.47 billion this year on holiday e-commerce purchases, up 36%.

In-store holiday sales will decline by 4.7% to $822.79 million. But online gains will entirely make up for those losses, according to EMarketer.

Tesla

Tesla, which is the most valuable automaker in the world, was about a month from bankruptcy.

CEO Elon Musk tweeted this week that the company was within a month of filing for bankruptcy when it was struggling to bring its best-selling vehicle, the Model 3 Sedan, to market.

Tesla was in a crash crunch that time and almost ran out of money.