Retailers face a slowdown in consumer spending as shoppers face surging costs in daily necessities including rent and food. A slew of retailers including Walmart, Best Buy and Stitch Fix have trimmed their staffing in recent weeks.
The National Transportation Safety Board is recommending that all new vehicles in the U.S. be equipped with blood alcohol monitoring systems that can stop an intoxicated person from driving.
Bryan Bedford, CEO of Indianapolis-based Republic, said he was disappointed but not surprised by the FAA’s decision. He said the agency didn’t give the airline’s request the review that it deserved.
Sharply rising cases of some sexually transmitted diseases—including a 26% rise in new syphilis infections reported last year—are prompting U.S. health officials to call for new prevention and treatment efforts.
A judge heard arguments for about an hour in a Bloomington courtroom on a request from abortion clinic operators to block the Indiana abortion ban that went into effect on Thursday.
Economists expect Fed officials to forecast that their key rate could go as high as 4% by the end of this year. They’re also likely to signal additional increases in 2023, perhaps to as high as roughly 4.5%.
A report from an inspector general raises concerns about possible damage to the quality of the once-a-decade head count that determines political power and federal funding,
Faced with a decline in the number of corporate criminal prosecutions over the last decade, a top Justice Department official on Thursday unveiled new sweeteners for companies that cooperate with the government.
The Biden administration is moving one step closer to developing a central bank digital currency, saying it would help reinforce the U.S. role as a leader in the world financial system.
Rising interest rates—in part a result of the Federal Reserve’s aggressive push to tamp down inflation—have cooled off a housing market that has been hot for years.
The company warned it will likely miss Wall Street’s profit target for its fiscal first quarter that ended Aug. 31. And it said it expects business conditions to further weaken in the current quarter amid weaker global volume.
The ruling came in a lawsuit filed by abortion clinic operators who argue that the state constitution protects access to the procedure.
The raises workers will receive as part of this deal will be the biggest ones they have received in more than four decades.
Overall spending has slowed and shifted increasingly toward necessities like food, while spending on electronics, furniture, new clothes and other non-necessities has faded.
During the first two years of the pandemic, the number of people working from home tripled, home values grew and the percentage of people who spent more than a third of their income on rent went up, according to survey results released Thursday by the U.S. Census Bureau.
President Joe Biden said Thursday that a tentative railway labor agreement has been reached, averting a strike that could have been devastating to the economy.
The athletic directors who lead the schools that play Division I college football at the highest level want the sport to continue be governed by the Indianapolis-based NCAA—if that governance can be streamlined.
Amazon controls roughly 38% of online sales in the U.S., more than Walmart, eBay, Apple, Best Buy and Target combined, according to the research firm Insider Intelligence.
Car buyers might not get the vehicle they want on time, commuter rail lines could see service disrupted, and shipments from everything from oil to livestock feed could be snarled.
Driver Alex Palou will remain with Chip Ganassi Racing next season and Felix Rosenqvist will keep his seat with McLaren, the drivers announced Wednesday.
