Faster internet, higher interest rates, more GEs : Planet Money : The Indicator from Planet Money It's Indicators of the Week! General Electric splits into three separate companies, the $1.2 trillion infrastructure bill promises faster internet speeds, and interest rates for government debt inched up.

Indicators of the Week: Broadband, bonds, and break-ups

Indicators of the Week: Broadband, bonds, and break-ups

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Sebastien Salom-Gomis/AFP via Getty Images
General Electric employee walks between wind turbine nacelles for the construction of a wind farm off Saint-Nazaire, in Saint-Nazaire, western France, on September 21, 2021. (Photo by Sebastien SALOM-GOMIS / AFP) (Photo by SEBASTIEN SALOM-GOMIS/AFP via Getty Images)
Sebastien Salom-Gomis/AFP via Getty Images

After nearly 130 years, General Electric is breaking up... with itself. The once-towering conglomerate announced plans to split into three separate companies following years of declining revenue. During its reign, GE's businesses expanded from lightbulbs to include locomotives, aviation, healthcare, media, financial services and many... many... other ventures.

The newly signed $1.2 trillion infrastructure bill is increasing the benchmark broadband speed at a brisk 100 megabits per second for downloads and 20 megabits per second for uploads. In other words, Netflix will stream better and you'll have fewer Zoom connectivity issues.

Also: Interest rates! They are the force that determines how hard it is to borrow for a house, how expensive it is for the government to borrow, and how much savings accounts pay. For the last 40 years, they've gone lower and lower. But this week: Ripples in the bond market might mean a break in that trend.

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