Hertz to pay $168 million in bogus theft settlement
Hertz Global Holdings Inc. said Monday that the settlement of 364 pending claims related to vehicle theft reporting would bring resolution to more than 95% of the pending theft reporting claims.
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Reformers take 6 of 14 UAW board seats, could win majority
The reform candidates campaigned on taking a more confrontational stance in bargaining with Detroit’s three automakers. The adversarial stance is likely to raise costs for General Motors, Ford and Stellantis, which almost certainly would be passed on to consumers.
Indiana judge won’t block probe over 10-year-old’s abortion
The ruling comes two days after the attorney general’s office asked the state medical licensing board to discipline Dr. Caitlin Bernard, alleging she violated state law by not reporting the girl’s child abuse to Indiana authorities.
FBI director raises national security concerns about TikTok
FBI Director Chris Wray warned Friday that control of the popular video sharing app is in the hands of a Chinese government “that doesn’t share our values.”
EPA seeks to mandate more use of ethanol, other biofuels
The move was welcomed by renewable fuel and farm groups but condemned by environmentalists and oil industry groups.
Musk’s company aims to soon test brain implant in people
Elon Musk’s Neuralink is one of many groups working on linking brains to computers, efforts aimed at helping treat brain disorders, overcoming brain injuries and other applications.
Congress votes to avert rail strike amid dire warnings
Legislation to avert what could have been an economically ruinous freight rail strike won final approval in Congress on Thursday as lawmakers responded quickly to President Joe Biden’s call for federal intervention in a long-running labor dispute.
Party City restarts talks with creditors as cash pile dwindles
Party City’s debt load is unsustainable, according to S&P Global Ratings, which downgraded the company deeper into junk territory last month.
Supreme Court keeps student-loan cancellation plan blocked for now
The Supreme Court on Thursday agreed to take up the case in late winter. The court’s decision to hear arguments relatively quickly means it is likely to determine whether the widespread loan cancellations are legal by late June.
Applications for jobless benefits show weekly decline
Applications for unemployment benefits are a proxy for layoffs, and viewed with other employment data, shows that American workers are enjoying extraordinary job security at the moment, despite an economy with some glaring weaknesses.
UPDATE: College Football Playoff expanding to 12 teams in 2024 season
Eighteen months after a plan to expand the College Football Playoff from four teams to 12 was publicly unveiled, a process that was delayed and seemingly derailed numerous times is ready to cross the finish line.
McLaren names Alex Palou reserve driver for F1 team
The Spaniard, who won the 2021 IndyCar championship for Chip Ganassi Racing, said he was declining to return to Ganassi next year and instead would drive for McLaren.
Jamie Chadwick parlays W Series success into Andretti ride
Chadwick will make her debut in an American racing series in March, driving the No. 28 for Andretti Autosport with sponsorship from DHL. The 24-year-old will become the first female in 13 years to compete full time in the Indy NXT championship.
Inflation gauge tracked by the Fed slows to still-high 6%
The report also showed that consumers spent more in October, even after adjusting for inflation, a sign of their continued willingness to keep spending in the face of high prices.
GivingTuesday raises $3.1B for charities in tough economy
The organization said this year’s totals marked the largest amount donated on the Tuesday after Thanksgiving since the group started tracking it.
Powell: Fed to keep rates higher for longer to cut inflation
The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday, in remarks likely intended to underscore the Fed’s single-minded focus on combating stubborn inflation.
UPDATE: House votes to avert rail strike, impose deal on unions
The bill lawmakers are considering would impose a compromise labor agreement that was voted down by four of the 12 unions representing more than 100,000 employees at large freight rail carriers.
Penalty sought for doctor who spoke of 10-year-old’s abortion
The complaint by Indiana’s attorney general alleges Dr. Caitlin Bernard violated state law by not immediately reporting the girl’s rape to Indiana authorities and violated patient privacy laws by telling a newspaper reporter about the girl’s treatment.
U.S. upgrades 3Q economic growth estimate to 2.9% rate
Wednesday’s government report showed that the restoration of growth in the July-September period was led by solid gains in exports and consumer spending that was stronger than originally reported.
U.S. monthly job openings dip to still-high level
The Federal Reserve is closely monitoring the figures on job openings and quits for signals about the strength of the job market.