Morning Business Report

The Morning Business Report is sponsored by Access Health CT Small Business.

(WFSB) - T-Mobile launches its long-promised 5G home internet service.

Plus, there’s a shortage of ketchup packets and now they are being sold on eBay.

Here’s the Morning Business Report for April 8.

Ketchup shortage

Ketchup is the latest product to see supply issues.

Prices for ketchup packets have gone up 13 percent since Jan. 2020, according to data from plate IQ, a restaurant industry technology platform, as reported by The Wall Street Journal. A shortage of America’s favorite condiment is the latest to hit the foodservice industry amid increased demand for takeout amid the ongoing coronavirus pandemic.

A lot of 50 ketchup packets recently sold for $9.99 on eBay. 

T-Mobile internet

T-Mobile is making its 5G home internet service a reality.

It says 30 million homes are now eligible for the service — 10 million of which are in rural areas.

The service costs $60 per month.

Home internet customers are subject to data slowdowns during times of network congestion.

UPS aircraft

UPS plans to purchase electric vertical takeoff and landing aircraft from beta technologies in an effort to speed up its delivery service in select markets.

The service is for small to mid-size markets and can make two short trips or one long one on a charge. 

Stock market update

It was a listless day of trading, but the S&P 500 reached its 18th high of the year.  

The federal reserve signaled it would keep interest rates low.

Copyright 2021 WFSB (Meredith Corporation). All rights reserved.

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