U.S. inflation, consumer spending cooled in December
The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.
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FDA’s advisers back plan to simplify COVID-19 vaccinations
The U.S. is poised to make COVID-19 vaccinations more like a yearly flu shot, a major shift in strategy despite a long list of questions about how to best protect against a still rapidly mutating virus.
Carolina Panthers hire Frank Reich as new head coach
The Panthers finished 29th in the league in offense and 29th in passing this season after struggling with quarterback play. Reich is no stranger to dealing with a revolving door of quarterbacks.
Explainer: How will we know if U.S. is in a recession?
Despite solid economic growth in the second half of 2022, economists believe a recession is very likely sometime this year. But it won’t necessarily be obvious.
Indiana lawmakers scale back on private school aid expansion
Critics argued the original proposal opened up tuition payments to private schools for even the wealthiest families.
AmazonSmile’s end is alarming, say not-for-profits that benefited
The e-commerce giant had launched AmazonSmile in 2013, contributing 0.5% of every purchase made by participating customers to the charity of their choosing.
Record 16.3 million seek health coverage through ‘Obamacare’
The boost in enrollment for the insurance marketplace comes as the number of uninsured people is at an all-time low. Just 8% of those in the United States remain without coverage.
Andretti focuses on sports cars while F1 ruling pending
So long as he can’t get Indianapolis-based Andretti Global onto the Formula One grid — seemingly a long shot at this stage — Michael Andretti has turned his attention to other areas for his expanding motor sports program.
Microsoft reports outage for Teams, Outlook, other services
Thousands of users reported problems with Teams, Outlook, the Azure cloud computing service and XBox Live online gaming service early Wednesday.
Colts want to interview 49ers’ DeMeco Ryans, give Saturday another look
Ryans had an interview planned with the Colts last week for their open head coach job, but had to postpone to focus on preparation for San Francisco’s divisional playoff game against the Dallas Cowboys.
Justice Department sues Google over digital advertising dominance
The government alleged in the complaint that Google is looking to “neutralize or eliminate” rivals in the online ad marketplace through acquisitions and to force advertisers to use its products by making it difficult to use competitors’ offerings.
Classified documents found at Mike Pence’s Indiana home, lawyer says
The records appear to be a small number of documents bearing classified markings that were inadvertently boxed and transported to Pence’s personal home as he left office, the lawyer said.
Crypto firms acted like banks, then collapsed like dominoes
Last week, Genesis filed Chapter 11, joining Voyager Digital, Celsius and BlockFi on the list of companies that have either filed for bankruptcy protection or gone out of business.
Is tide turning against tipping as requests become automatic?
As more businesses adopt digital payment methods, customers are automatically being prompted to leave a gratuity—many times as high as 30%—at places they normally wouldn’t.
Operative jumps from Haley team to Pence amid 2024 jostling
The switch between camps comes as potential GOP White House contenders seek to build out their operations in preparation for the launch of campaigns against former President Donald Trump for the 2024 nomination.
Justice Department investigating Abbott baby formula plant
The factory’s closure in February 2022 was a key cause of a nationwide baby formula shortage that forced parents to seek formula from food banks, friends and doctor’s offices.
Treasury Secretary Yellen says debt standoff risks ‘calamity’
The Biden administration and Republican lawmakers have been at loggerheads over how to increase the government’s legal borrowing capacity.
First small modular nuclear reactor certified for use in U.S.
The U.S. Nuclear Regulatory Commission has certified the design for what will be the United States’ first small modular nuclear reactor. The rule that certifies the design was published Thursday in the Federal Register. It means that companies seeking to build and operate a nuclear power plant can pick the design for a 50-megawatt, advanced […]
Top Biden aide and Indy native Klain expected to leave White House
Ron Klain’s departure also comes as the White House struggles to contain the fallout after classified documents dating from President Biden’s time as vice president were discovered at his home in Wilmington, Delaware, and at his former institute in Washington.
Google cutting 12,000 jobs as layoffs spread across tech sector
It’s one of the company’s biggest-ever round of layoffs and adds to tens of thousands of other job losses recently announced by Microsoft, Amazon, Facebook parent Meta and other tech companies as they tighten their belts amid a darkening outlook for the industry.