INDIANAPOLIS (WISH) — Here’s a look at Thursday’s Economic Headlines with Jane King, where she talks about Chick-fil-A launching a streaming service and the possibility of the federal government cutting interest rates within the next month.
Study: Health costs will skyrocket next year
Healthcare costs are expected to skyrocket next year.
A new study by consulting firm Aon found that employer healthcare spending is expected to increase 9% in 2025. The rising healthcare costs are due in part to the increasing number of medical claims and specialty prescriptions – particularly for weight-loss drugs.
Peloton and Planet Fitness focus more on strength training
Peloton and Planet Fitness are expanding their investments in strength training rather than cardio equipment as more women and young people prefer to use weights in the gym.
Planet Fitness has shifted the focus of its gyms to strength training and found that weight equipment tends to be less expensive.
Peloton is now testing whether strength training could be part of its future path with a new beta app.
Peloton suffered losses as customers moved away from its expensive fitness equipment.
Study: Airfares lower next month, but could rise on holiday
Airfares are expected to be lower in September than in 2023, but will rise as the holidays approach.
According to booking site Hopper, domestic flights in September are expected to cost an average of just $240 round-trip, 8% less than the same period last year.
Airfares in the U.S. are expected to peak in the second week of December, averaging about $283 round-trip, but that’s still 9% lower than the same period last year.
FED: Interest rate cut could happen in September
The minutes of the US Federal Reserve’s recent meeting indicate a likely interest rate cut in September.
This would be the first interest rate cut since the beginning of the pandemic.
Chick-fil-A is working on setting up a streaming service
Variety reports that Chick-fil-A – yes, that Chick-fil-A – is looking to launch a streaming platform.
The fast-food chain has partnered with Hollywood production companies and studios to develop family-friendly, largely improvised original shows.
According to a source who pitched a project, The Chicken House is also currently in talks about licensing and acquiring content.
