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.
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.
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.
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.
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.
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.
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.
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.
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.
The estimated $740 billion package—passed Sunday by the Senate and heading to the House—is full of party priorities.
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.
The bill represented a concession from GOP senators who were initially wary that the rebates would further fuel inflation.
The Indiana Legislature on Friday approved the near-total abortion ban with some exceptions, including in cases of rape, incest, and to protect the life and physical health of the mother. The measure now goes to Republican Gov. Eric Holcomb.
House members advanced the near-total abortion ban 62-38 with limited exceptions, including in cases of rape and incest, and to protect the life and physical health of the mother.
The Indiana House approved a bill Friday that would provide $200 rebate payments from the state’s surging budget surplus. The Senate could consider the bill later Friday.
The NCAA earned praise last year when it agreed to pay referees at its men’s and women’s basketball tournaments equally. hNow, as the NCAA examines various disparities across men’s and women’s sports, pressure is rising to also pay referees equally during the regular season.
The surprisingly strong jobs numbers will undoubtedly intensify the debate over whether the U.S. is in a recession or not.
Senate Majority Leader Chuck Schumer said he hopes the Senate can begin voting on the energy, environment, health and tax measure on Saturday. Passage by the House, which Democrats control narrowly, could come next week.
The announcement will free up money and other resources to fight the virus, which may cause fever, body aches, chills, fatigue and pimple-like bumps on many parts of the body.
A deeply divided Indiana House voted Thursday to keep exceptions in cases of rape or incest in a bill that would ban nearly all abortions in the state.
