Report: WWE boss McMahon’s hush cash bill over $12 million
A report says World Wrestling Entertainment impresario Vince McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity.
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Musk abandons $44B deal to buy Twitter; company says it will sue
Twitter could push for a $1 billion breakup fee that Musk agreed to pay under these circumstances. Instead, it looks ready to fight to complete the purchase, which the company’s board has approved and CEO Parag Agrawal has insisted he wants to consummate.
U.S. employers added surprisingly solid 372,000 jobs in June
The surprisingly strong gain will likely spur the Federal Reserve to keep raising interest rates to cool the economy and slow price increases.
Judge lifts order against Indiana abortion procedure ban
U.S. District Judge Sarah Evans Barker’s order signed Thursday lifts the injunction she issued in 2019 blocking the law against the procedure that the Republican-backed legislation called “dismemberment abortion.”
Indiana’s abortion laws likely to tighten before Legislature acts
Lawyers for the American Civil Liberties Union of Indiana conceded defeat Friday in their fight to block two anti-abortion laws that have been held up by injunctions.
Twitter says it removes 1 million spam accounts a day
Twitter provided the figure in a call with executives Thursday during a briefing that aimed to shed more light on the company’s fake and bot accounts as it tussles with potential buyer Elon Musk over “spam bots.”
Sysco accuses four largest beef processors of price fixing
The nation’s largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices.
Indiana’s abortion laws may tighten even before Legislature acts
Lawyers for the American Civil Liberties Union of Indiana have conceded defeat in their fight to block two anti-abortion laws following the U.S. Supreme Court’s decision last month to end constitutional protection for abortion.
Wall Street expects inflation squeeze on 2Q earnings
Inflation tightened its grip on businesses and consumers during the second quarter and investors expect to see a dent in the latest round of corporate earnings.
Retailers scale back hiring as worry about slowdown grows
The changing mindset comes as companies confront a pullback in consumer spending, the prospect of an economic downturn and surging labor costs.
Dems seek more taxes from higher earners to protect Medicare solvency
Under the latest proposal, people earning more than $400,000 a year and couples making more than $500,000 would have to pay a 3.8% tax on their earnings from tax-advantaged businesses called pass throughs.
With U.S. dollar nearly equal to euro, impact is being felt
The U.S. Dollar Index, which measures the value of American money against six major foreign currencies, has jumped nearly 12% this year, to a two-decade high.
Higher gas prices hurt pockets, make tiny dent in emissions
High gasoline prices are a “double-edged sword” for the president because they hurt him politically even though they lead to fewer trips to the gas pump and lower emissions.
U.S. allows pharmacists to prescribe Pfizer’s COVID-19 pill
The announcement comes as COVID-19 cases, hospitalizations and deaths are rising again, although they remain near their lowest levels since the coronavirus outbreak began in 2020.
Juul, FDA suspend court case while e-cigarette ban on hold
The agreement comes one day after the FDA placed a hold on its initial order banning Juul’s products from the market, saying that Juul’s application warranted “additional review.”
Fed: Sharply higher rates might be needed to quell inflation
Federal Reserve officials are concerned that Americans are starting to expect high inflation to last longer than they had before—a sentiment that could embed an inflationary psychology and make it harder to slow price increases.
U.S. job openings slip, but employment landscape remains solid
U.S. employers advertised fewer jobs in May as the economy has shown signs of weakening, though the overall demand for workers remained strong.
How hotel satisfaction promises have led to more discontent
Some hospitality experts say that promise—a 100% refund if customers weren’t 100% happy—might’ve made things worse for both the customers and the hotels.
Next frontier for drones is letting them fly out of sight
Aviation authorities in the U.S. and elsewhere are preparing to relax some of the safeguards they imposed to regulate a boom in off-the-shelf consumer drones over the past decade.
Andretti calls team’s meltdown, hot tempers at Mid-Ohio ‘unacceptable’
Teammates Romain Grosjean and Alexander Rossi played bumper cars in a race for position that turned personal. Rossi also hit rookie teammate Devlin DeFrancesco. Grosjean hit Colton Herta, and IndyCar penalized both Rossi and Grosjean for avoidable contact.