$5 million for Super Bowl spot
NBC has less than 10 ad spots left to sell a little less than a month ahead of Super Bowl 52, the network says.
Ads are going for slightly more than $5 million per 30-second spot.
The big game, which is as much an advertising showcase as it is a football showdown airs Feb. 4.
NBC is airing the Winter Olympics beginning less than a week after the Super Bowl and about one-third of total advertising revenue from both events will come from advertisers who have bought spots during both events.
Anheuser-Busch, Coca-Cola and Kia are among the Super Bowl advertisers.
Credit-card debt at new high
Credit-card debt is back at an all-time high, the Columbus Dispatch reported.
A big jump in credit-card debt in November has raised the total of what is called revolving debt to $1.023 trillion, according to new Federal Reserve data. That tops the old record that occurred before the recession.
As the recession took hold, consumers cut back on what they owed on their credit cards. But as the economy began to improve, they started racking up more debt.
So is it something to worry about? That depends.
The economy is better than it was 10 years ago and total credit-card debt, as a share of the economy, is lower today than it was then. So far, defaults have been low.
But interest rates are expected to continue to rise this year, and that will put more pressure on those who maintain a balance on their cards and pay those higher interest rates every month.
Producer index falls slightly
U.S. wholesale prices fell 0.1 percent in December, led by cheaper food and lower shipping costs.
The Labor Department said Thursday that wholesale prices, which measure the cost of goods before they reach the consumer, increased 2.6 percent last month compared with the previous year. Excluding volatile food, energy and business profit margins, core wholesale prices ticked up 0. 1 percent last month and 2.3 percent from a year ago.
The figures suggest inflation pressures have cooled at the wholesale level. Wholesale prices had risen 0.4 percent in three of the past four months, mostly because of much higher energy costs. In December, energy prices were flat while food costs fell 0.7 percent.
Ford sends alert over air bags
Ford is telling owners of about 2,900 Ranger small pickup trucks not to drive them after finding out that an exploding Takata air bag inflator killed a Ranger driver in West Virginia.
The death occurred July 1 in West Virginia, and Ford said it found out about it in December. After some investigation, the company determined that the truck’s inflator was made on the same day as one that exploded and killed a South Carolina man in 2016. So the company issued the urgent new recall for Rangers with inflators made on the same day.
Compiled from staff and wire reports.
Business news briefs, Jan. 12: NBC close to selling out Super Bowl ads