U.S. wholesale inflation declined last month to still-high 8.7%
The cost of services—which are increasingly driving consumer inflation—rose 0.4% in August, driven by higher prices for public transportation, car rentals and some financial services.
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Businesses, White House plan for possible rail strike Friday
Railroads have already started to curtail shipments of hazardous materials and refrigerated products ahead of Friday’s strike deadline.
Starbucks to revamp stores to speed service, boost morale
The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on meeting the growing demand for new types of service, including drive-thru, mobile ordering and delivery.
Wall Street has worst day in more than 2 years on inflation data
The hotter-than-expected inflation reading has traders bracing for the Federal Reserve to ultimately raise interest rates even higher than expected to combat inflation, with all the risks for the economy that entails.
Twitter whistleblower cites security flaws before Congress
The former security chief at Twitter told Congress that the social media platform is plagued by weak cyber defenses that make it vulnerable to exploitation by “teenagers, thieves and spies” and put the privacy of its users at risk.
U.S. inflation slows for second month but remains stubbornly high
Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.
Production resumes at Indiana refinery shut down after fire
The refinery produces about 435,000 barrels per day and provides about 20% to 25% of the refined gasoline, jet fuel, and diesel used by Illinois, Indiana, Michigan, and Wisconsin.
Indiana court hearing set after abortion ban takes effect
The special judge overseeing the case issued an order Monday setting a court hearing for Sept. 19, which is four days after the ban’s effective date.
Pressure mounts on U.S. railroads, unions to reach deal
Freight railroads and their unions face a looming strike deadline on Friday, and business groups say a stoppage halting deliveries of raw materials and finished products that so many companies rely on would be an economic disaster.
U.S., Mexico to cooperate on semiconductors, electric vehicles
The countries seek to eat into Asia’s advantage in semiconductors and batteries needed for electric vehicles and promote North American production.
UPDATE: Work at Stellantis plant to resume after deal with UAW
Stellantis said that operations at the plant in Kokomo would resume late Monday after UAW Local 1166 workers voted to ratify the agreement.
Americans give health care system failing mark in new poll
The poll from The Associated Press-NORC Center for Public Affairs Research reveals public satisfaction with the U.S. health care system is remarkably low, with fewer than half of Americans saying it’s handled well in general.
UAW workers go on strike at Stellantis plant in Indiana
The 1,200-worker plant, Kokomo Casting, is the world’s largest die cast facility, according to Stellantis. It makes aluminum parts for components including transmissions and engine blocks.
As small businesses raise prices, some customers push back
Inflation isn’t only costing small businesses money. It’s costing them customers as well.
Power wins IndyCar championship, while Palou dominates season finale
Will Power was pushed to the brink Sunday by Team Penske but withstood the internal challenge from his teammate to close out a season of consistency and win his second IndyCar championship.
Colts sign guard Nelson to four-year contract, reportedly for record $20M per year
Quenton Nelson was a first-team All-Pro each of his first three seasons and received second-team honors last season when he missed four games with injuries.
Visa, Mastercard, AmEx to start categorizing gun shop sales
The moves likely will provoke the ire of gun rights advocates and gun lobbyists, who have argued that categorizing gun sales would unfairly flag an industry when most sales do not lead to mass shootings.
Power breaks Andretti qualifying record in pursuit of season championship
Will Power grabbed his 68th career pole with Mario Andretti watching from pit lane Saturday at Laguna Seca Raceway.
Herta unsure if IndyCar farewell and move to F1 are imminent
Colton Herta insists he has no deal to race in Formula One next season and is surprised at the sudden interest from AlphaTauri.
Johnson secures Carvana sponsorship for 2023 racing plans
Now in IndyCar, Jimmie Johnson hasn’t closed the door on running another NASCAR race some day, and he says he has multiple offers to compete in a variety of motorsports series.