Inflation report could show another month of cooling price hikes
The U.S. inflation report for December being released Thursday morning could provide another welcome sign that the worst bout of spiking prices in four decades is slowly weakening.
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U.S. official warns of risks posed by heavy electric vehicles
The extra weight that EVs typically carry stems from the outsize mass of their batteries. To achieve 300 or more miles of range per charge from an EV, batteries have to weigh thousands of pounds.
Air travel across U.S. thrown into chaos after computer outage
The world’s largest aircraft fleet was grounded for hours by a cascading outage in a government system that delayed or cancelled thousands of flights across the U.S. on Wednesday.
Can U.S. avoid recession? As inflation eases, optimism rises
An economic downturn is still possible. Yet in recent weeks, with inflation showing widespread signs of easing, a more cheerful view has gained traction: Maybe a recession isn’t inevitable after all.
UPDATE: FAA lifts ground stop on flights following computer outage
The FAA ordered all departing flights grounded early Wednesday morning, but lifted that order just before 9 a.m. Eastern after several hours.
Soaring U.S. egg prices put pressure on consumers, businesses
A lingering bird flu outbreak, combined with soaring feed, fuel and labor costs, has led to U.S. egg prices more than doubling over the past year.
Ballard says he’ll be patient in finding right coach for Colts
Two days after the Colts completed a 4-12-1 season, General Manager Chris Ballard told reporters he would not rush to hire a new coach and could wait until after the Super Bowl if it meant getting the right candidate.
Feds propose ‘student loan safety net’ alongside forgiveness
President Joe Biden is moving forward with the repayment plan even as his one-time debt cancellation faces an uncertain fate before the Supreme Court.
Small businesses to tackle long list of challenges in 2023
A looming recession, still high (although easing) inflation and labor woes are some of issues carrying over from 2022 that small businesses will have to tackle.
Poor results send Colts into another offseason of uncertainty
One day after finishing a dismal 4-12-1 season with another last-minute collapse, the Colts began trying to determine what went wrong, what must change and who returns.
House GOP kicks off majority with vote to slash IRS funding
House Republicans have passed a bill that would rescind nearly $71 billion that Congress had provided the IRS.
Indiana lawmakers return for session of spending decisions
The drafting of a new two-year state budget will be the primary focus, but debates over hot-button social issues could force their way to the forefront.
Drugstores make slow headway on staffing problems
Drugstore chains are still trying to find enough employees to put a stop to temporary pharmacy closures.
McCarthy elected House speaker in rowdy post-midnight vote
Republican Kevin McCarthy was elected House speaker on a historic post-midnight 15th ballot early Saturday, overcoming holdouts from his own ranks.
Alzheimer’s drug that modestly slows disease OK’d by FDA
It’s the first drug that’s been convincingly shown to slow the decline in memory and thinking that define the disease. But the medication comes with downsides, including potentially serious side effects and the need for frequent drug infusions.
Twitter leak exposes 235 million email addresses from hack
While account passwords were not leaked, malicious hackers could use the email addresses to try to reset people’s passwords, or guess them if they are commonly used or reused with other accounts.
Cooler hiring, milder pay gains could aid inflation fight
America’s employers added a solid 223,000 jobs in December, but average hourly pay growth eased in December to its slowest pace in 16 months.
Signs of possible deal emerge in House speaker fight
The contours of a deal that could make Republican leader Kevin McCarthy the House speaker have begun to emerge after three grueling days and 11 failed votes in a political spectacle unseen in a century.
Startups face cautious investors amid economic woes
Many startups are attempting to find their wings at a time when consumers are tightening their belts and being more picky about how to spend their money.
Stellantis CEO says cost cuts necessary due to higher EV prices
Without cost reductions, EVs will be too expensive for the middle class, shrinking the market and driving costs up more, CEO Carlos Tavares told reporters Thursday at the CES gadget show in Las Vegas.