Business News – 06-23-2021

Decrease in shipments of avocados could hurt Chipotle profit margin

  • A 5.8% decrease in avocado shipments is what the Hass Avocado Board expects during the third quarter in comparison to the year prior
  • The price of avocados are expected to rise by 10% and decrease Chipotle’s earnings by 10 to 12 cents a share

Peloton ends free running feature and offers as monthly membership fee

  • Peloton exercise equipment has recently ended their free running feature for users of their Tread and Tread+ treadmills leaving their customers very upset
  • The feature was named “Just Run” and was free to users who spent the $4000 on the product to have the digital workout content
  • The new subscription for the feature will cost $40 a month

Covid cases for India have gone past 30 million mark as more places are reopening

  • Yesterday (for India), their data shows that over 24 hours, the country had seen 50,848 new infections which now brings the total cases in the country to 30.02 million
  • In the US, the decrease in case rates have led states to reopen and lessen their restrictions but many believe could be a bad idea

New Bill for $60 billion which gives American children $1000 at birth

  • A new bill has been created ad if passed it will allow for any new child born to have a savings account with a minimum of $1000
  • Based on how much money a family makes, each child will receive an annual deposit of at least $1,000 every year until age 18
  • For those lower income families, the money could be upwards of $2,000
  • When the child turns 18, they will have almost $50,000 in the savings account
  • Those Wealthier families will not receive annual payments and will have less in their savings account

By K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.