Wednesday’s business headlines

INDIANAPOLIS (WISH) — Right here’s a take a look at Wednesday’s enterprise headlines with Jane King.

Bank card rates of interest at file highs

It’s an particularly costly time for individuals with bank card debt, and the ache will seemingly solely worsen with one other federal reserve rate of interest hike as we speak.

The present nationwide common fee on plastic is already greater than 20%, which is the best it has been in many years.

Job openings drop to lowest level in practically 2 years

Job openings tumbled to the bottom level in practically two years, in accordance with a authorities report out Tuesday.

Layoffs jumped by practically 250,000 to 1.8 million — the best degree since December 2020 — whereas the variety of new hires was unchanged at 6.15 million. Quits ticked down to three.85 million from 3.98 million.

Fuel costs at lowest common in practically a month

Fuel costs have dropped for seven straight days, falling this week to a median of $3.58 per gallon, in accordance with information from GasBuddy. That’s the bottom common in practically a month.

AAA says the present common in central Indiana is $3.45 per gallon, down 11 cents from every week in the past.

Consultants predict file spending for Mom’s Day

Shoppers are anticipated to go all out for Mom’s Day this yr, spending a complete of $35.7 billion.

The Nationwide Retail Federation says customers plan to spend $274 per particular person, the best within the historical past of the survey, up from the earlier file excessive of $245 in 2022.

Mom’s Day is Sunday, Might 14.

Amazon internet hosting Pet Day sale Wednesday

Amazon is internet hosting its Pet Day sale for the second yr in a row.

The sale is dwell now and runs all day Wednesday.

Amazon Pet Day is accessible to all customers no matter Prime membership standing.