NCAA upsets continue as top-seeded IU women fall on home court
The host Hoosiers (28-4) became the second No. 1 seed to be eliminated in two nights. It’s the first time since 1998 that two No. 1 seeds did not advance to the Sweet 16.
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Biden issues first veto, taking on new Republican House
Biden sought to kill a Republican-authored measure that would ban the government from considering environmental impacts or potential lawsuits when making investment decisions for people’s retirement plans.
The maddest March ever? Underdogs head to the Sweet 16
Defending national champion the University of Kansas and fellow No. 1 seed Purdue University are gone—the Boilermakers with a slice of unwanted history. The Sweet 16 won’t have blue bloods Kentucky, Duke or North Carolina for only the second time since 1979.
Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000
The job cuts would mark the second largest round of layoffs in the company’s history, adding to the 18,000 employees the tech giant said it would lay off in January.
New York Community Bank to buy failed Signature Bank
The 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank’s subsidiaries. The deal will include the purchase of $38.4 billion in Signature Bank’s assets.
Miami storms past IU into Sweet 16
Indiana University Coach Mike Woodson gave all the credit to Miami, which held a 42-26 rebounding advantage.
Indiana women open NCAA tourney with rout of Tennessee Tech
Sydney Parrish scored 19 points and had eight rebounds to lead the top-seeded Indiana Hoosiers.
Jackson-Davis leads Indiana past Kent State in March Madness
The fourth-seeded Hoosiers (23-11) advanced to play fifth-seeded Miami on Sunday for a trip to Kansas City for the Midwest Region semifinals.
Purdue, Painter lament another early March Madness exit
For the third straight year, the Boilermakers were bounced by a double-digit seed, losing Friday night to No. 16 seed Fairleigh Dickinson.
Colts, QB Gardner Minshew agree on 1-year deal, source says
Minshew was 1-3 in four starts filling in for Jalen Hurts over the past two seasons with the Philadelphia Eagles. He reunites with Shane Steichen, the Colts’ new coach, who was Philadelphia’s offensive coordinator.
Parent company of Silicon Valley Bank files for bankruptcy
The filing from SVB Financial Group was widely expected, with much of the company now under the control of banking regulators. The bank was seized last week by the federal government.
COVID-19 pill Paxlovid moves closer to full FDA approval
The medication has been used by millions of Americans since the FDA granted it emergency use authorization in late 2021.
Big banks create $30B rescue package for First Republic
Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third bank to fail in less than a week and head off a broader banking crisis.
Microsoft adds AI tools to office apps Outlook, Word, Excel
Microsoft is infusing artificial intelligence tools into its suite of office software, allowing users to do things like summarize long emails, draft stories in Word and animate slides in PowerPoint.
Fed lent $300B in emergency funds to banks in past week
Nearly half the money—$143 billion—went to holding companies for two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.
U.S. jobless aid claims show weekly decline as layoffs remain low
The labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation.
Mobile sports bets booming in some states as others shy away
Nationwide, legal sports betting has generated more than $3 billion in state and federal taxes since the 2018 Supreme Court ruling allowing it, according to the American Gaming Association.
TikTok dismisses calls for Chinese owners to sell stakes
Meanwhile, lawmakers in both the House and Senate have been moving forward with legislation that would give the Biden administration more power to clamp down on TikTok.
Is your money safe? What you need to know about bank failures.
The recent failures of Silicon Valley Bank and Signature Bank, which catered mostly to the tech industry, might have you worried about your money. After all, they were the second- and third-biggest bank failures in U.S. history.
Retail sales dipped 0.4% in February after buying burst in January
The February retail sales figure was weighed down by a 1.8% drop in auto sales as well as declines at restaurants and stores selling furniture and clothing.