Exec who cleaned up Enron calls FTX collapse ‘unprecedented’
The new CEO of the collapsed cryptocurrency trading firm FTX, who oversaw Enron’s bankruptcy, said there was a “complete absence of trustworthy financial information.”
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AP interview: Pence says voters want new leadership
Former Vice President Mike Pence, while considering a presidential campaign of his own, has been raising his profile as he promotes his new memoir.
Braun says decision near on Indiana governor run
U.S. Sen. Mike Braun of Indiana is approaching a decision about whether to make a run at replacing Gov. Eric Holcomb, who can’t seek reelection in 2024 because of term limits.
Target’s 3Q profit drops 52% as shoppers force price cuts
The retailer voiced caution about its sales and profit during the fourth quarter because customers have been waiting for sales rather than buying goods at full price, and finding ways to cut down on spending in other ways as well.
Rising food costs could take bite out of Thanksgiving dinner
Americans are bracing for a costlier Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples.
Trump seeks White House again amid GOP setbacks, legal probes
The announcement comes just a week after a disappointing midterm showing for Republicans and will force the party to decide whether to embrace a candidate whose refusal to accept defeat in 2020 sparked an insurrection.
UPDATE: Walmart offers to pay $3.1B to settle opioid lawsuits
Indiana Attorney General Todd Rokita announced that Indiana’s tentative share of the prospective settlement is about $53 million.
New Pence book details split with Trump: ‘Did not end well’
The book comes as former Vice President Mike Pence appears increasingly likely to run for president in 2024. That would put him in direct conflict with former President Donald Trump, who’s expected to formally launch his reelection campaign Tuesday.
Measure of U.S. wholesale inflation eases to 8%
The annual figure is down from 8.4% in September. On a monthly basis, the government said Tuesday that its producer price index, which measures costs before they reach consumers, rose 0.2% in October from September.
Amazon plans new virtual care offering based on messaging
The retail giant said Tuesday it will launch “Amazon Clinic” in 32 states—but not Indiana—to provide medication refills and care for conditions like allergies, erectile disfunction, hair loss, migraines and urinary tract infections.
Fed’s top financial regulator urges ‘guardrails’ for crypto
Michael Barr, the Fed’s vice chair for supervision, said Congress should pass legislation that would impose regulation on crypto currencies in the wake of the swift collapse last week of FTX, a leading crypto exchange.
Frontier, 5 other airlines to refund more than $600 million
The largest U.S. airlines, which accounted for the bulk of complaints about refunds, avoided fines, and an official said no other U.S. carriers are being investigated for potential fines.
Battle over the iPhone app store spills into appeals court
The high-stakes battle involve a setup that generates an estimated $15 billion to $20 billion for Apple every year, which has helped lift its market value to nearly $2.4 trillion.
After election, marijuana advocates look to more states
With the addition of Maryland and Missouri, 21 states have legalized recreational marijuana for adults over the past decade—even though it remains illegal under federal law.
Flying home for holidays likely to cost travelers much more this year
Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels are already gone.
FTX bankruptcy also endangers founder’s philanthropic pledges
The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the tens of millions of dollars in financial pledges and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement.
NFL Players Association calls on 6 venues, including Indy’s, to change playing surfaces
The association said the turf at Lucas Oil Stadium and five other venues results in “statistically higher in-game injury rates” involving non-contact and lower-extremity injuries. The NFL disputed the NFLPA’s conclusions.
Twitter Blue signups unavailable after raft of fake accounts
Twitter’s relaunched premium service—which grants blue-check “verification” labels to anyone willing to pay $8 a month—was unavailable Friday after the social media platform was flooded by a wave of impostor accounts.
Biden set to expand methane emissions rules amid push for more oil
The supplemental rule comes as President Biden has accused oil companies of “war profiteering” and raised the possibility of imposing a windfall tax on energy companies if they don’t boost domestic production.
U.S. judge in Texas strikes down Biden loan-forgiveness plan
A U.S. judge on Thursday blocked President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness.