Friday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Friday’s business headlines.
Dairy
A surprise shortfall in global milk production has international purchasers scrambling for powder, the most easily exported dairy product.
Prices of powdered milk hit the highest since 2014.
Milk powder is used to make milk and it’s also a common ingredient in a variety of foods, including baked goods, soups and processed items.
Nurses
Nurses around the U.S. are getting burned out by the COVID-19 crisis and quitting, yet applications to nursing schools are rising.
Educators tell Fox Business young people see the global emergency as an opportunity and a challenge.
Starlink
Elon Musk is touting SpaceEx’s plan to use Starlink for in-flight Wifi, emphasizing that his company is in discussions with airlines to add the high-speed satellite internet service.
He say it could be faster connections with low lag times.
Starlink is SpaceEx’s project to build an interconnected internet network with thousands of satellites to deliver high-speed internet to consumers anywhere on the planet.
Bitcoin
The second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin.
United wholesale mortgage began piloting crypto payments in August in an industry first.
It says due to the costs and regulatory uncertainty in the crypto space they aren’t going to extend beyond a pilot at this time.