FTC looking at rules to corral tech firms’ data collection
Federal regulators are looking at drafting rules to crack down on what they call harmful commercial surveillance and lax data security.
Associated Press
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FBI: Data from mall gunman’s laptop cannot be recovered
The gunman placed his laptop in the oven at his apartment with a can of butane before departing for the shooting, police have said. The oven was on and set to a high temperature.
CDC drops quarantine, screening recommendations for COVID-19
The changes are driven by a recognition that an estimated 95% of Americans 16 and older have acquired some level of immunity, either from being vaccinated or infected, agency officials said.
U.S. unemployment claims hit highest level since November
Applications for jobless aid have risen in five out of the last six weeks, the Labor Department reported Thursday.
U.S. wholesale inflation shows first month-to-month decline in 2 years
Inflation at the wholesale level still jumped 9.8% in July compared with a year earlier, suggesting that inflation will remain at painful levels for months to come.
Travelers starting to see small breaks from rising airfares
Before celebrating by splurging on a fancy trip, travelers should be aware that July’s average ticket was still 27.7% higher than in July of last year.
Tests show Indiana 3rd graders below pre-pandemic reading levels
Nearly one in five students “have not mastered foundational reading skills by the end of third grade,” according to data from IREAD, an Indiana Department of Education reading assessment given to third graders.
Evictions spiking as rents soar, assistance disappears
Rental prices nationwide are up nearly 15% from a year ago and almost 25% from 2019, according to the real estate company Zillow.
U.S. inflation slows from a 40-year peak, but remains high
Wednesday’s report raised hopes that a modest slowdown in inflation might enable the Federal Reserve to raise short-term interest rates by less than had been anticipated when it meets in late September.
Postal Service to request rate increase due to inflation, DeJoy says
Inflation is going to add more than $1 billion to the U.S. Postal Service budget, necessitating a request for another rate increase in January, Postmaster General Louis DeJoy said Tuesday.
U.S. inflation likely to stay high even as gas prices fall
Thanks largely to falling gas prices, the government’s inflation report for July, to be released Wednesday morning, is expected to show a small slowdown from the 9.1% year-over-year figure in June, which was the highest in four decades.
ESPN out of Big Ten Conference TV rights negotiations, sources say
Two people familiar with the negotiations told The Associated Press on Tuesday that the Big Ten was looking for a seven-year deal worth $380 million per year to broadcast its football and basketball games from ESPN, and the network declined.
Biden signs $280B semiconductor act in bid to boost U.S. over China
The deal could have major implications for Indiana’s economic development efforts as it works with SkyWater Technology Inc. to open a $1.8 billion semiconductor production facility in West Lafayette.
COVID-disrupted grads face college: ‘I didn’t really learn anything’
After the disruption of online learning, first-year college students are arriving arrive on U.S. campuses unprepared for the demands of college-level work, experts say.
Most electric vehicles won’t qualify for proposed federal tax credit
A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large.
Pfizer buying spree continues with $5.4B hematology deal
The pharmaceutical giant continues to invest some of the cash influx reaped during the COVID-19 pandemic. The drugmaker has announced deals valued at a total of nearly $19 billion, counting debt, since late last year.
Demand for grocery delivery cools as food costs rise
Some think delivery demand could drop further. Chase Design, a consulting firm, says its surveys show the number of U.S. shoppers who plan to use grocery delivery “all the time” has fallen by half since 2021.
Democrats’ slimmer spending bill focuses on health care, climate change deficit-reduction
The estimated $740 billion package—passed Sunday by the Senate and heading to the House—is full of party priorities.
White House condemns Indiana abortion ban
Meanwhile, IU Health, Indiana’s largest health care system, said Saturday that it would take a few weeks to study the implications of the law on patients and practitioners.
Holcomb signs relief bill providing $200 rebate payments to Hoosiers
The bill represented a concession from GOP senators who were initially wary that the rebates would further fuel inflation.