- June 22, 2021
- Posted by: Stratford Team
- Category: Business
Table of Contents
INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.
Rent
Nationally, monthly rents are finally growing faster than their pre-COVID rates, driving rental prices to their highest point in 27 months.
Prior to the pandemic, rents in the 50 largest metro areas were growing by 3.2% year-over-year. That growth slowed throughout the pandemic. However, as of May 2021, the median national rent reached $1,527, up 5.5% year-over-year. Rents have fully recovered in many of the nation’s largest cities, according to Realtor.com.
Netflix
Netflix has struck a deal with filmmaker Steven Spielberg.
The streaming giant has announced an agreement to have multiple new films made by Spielberg’s production company, Amblin Partners.
The studio will make multiple films for Netflix over the agreement.
ExxonMobil
ExxonMobil is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually…