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Business news roundup

Multiple signs of inflation in freight-related industries are at or near historical highs, which could mean price pressures could affect the overall economy. CNBC >

Summer bookings for hotels on Hawaii’s Big Island have fallen almost half since Mount Kilauea erupted on May 3. REUTERS >

A lawsuit claims that Facebook’s tools are being used to facilitate discrimination against older job seekers. BLOOMBERG >

The eruption of Mount Kilauea in Hawaii is a reminder to business owners that they need to be insured against natural disasters. AP >

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A number to know: Coffee investment

$900 million Investor Bill Ackman recently announced his hedge fund, Pershing Square Capital, acquired 15.2 million shares of the coffee company Starbucks for $900 million. READ MORE AT REUTERS >