Retailers expect to hire slightly fewer employees for the holiday shopping season
Overall, U.S. retailers are expected to add 520,000 jobs in the final quarter of this year, representing the second-lowest total since 2009.
Associated Press
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President could invoke 1947 law to suspend dockworkers’ strike
Some manufacturers and retailers are urging President Joe Biden to stop a strike by 45,000 dockworkers that has shut down 36 U.S. ports. Biden has said, though, that he won’t intervene.
NASCAR facing lawsuits over revenue-sharing model
Two NASCAR teams—one of them owned by Michael Jordan—filed a federal antitrust lawsuit against the stock car series and chairman Jim France on Wednesday, claiming the new charter system limits competition.
Appeals court reinstates Indiana lawsuit against TikTok
The lawsuit allege the app contains “salacious and inappropriate content” and deceives consumers into believing their sensitive and personal information is secure.
Ex-Jaguars worker who stole $22M sues FanDuel, saying it preyed on gambling addiction
The lawsuit claims FanDuel gave the team’s former financial manager more than $1.1 million in gambling credits and besieged him with enticements to gamble more, including having his personal host contact him up to 100 times a day.
U.S. job openings rise to more-than-expected 8 million
Job openings have come down steadily since peaking at 12.2 million in March 2022, but they remain above where they stood before the coronavirus pandemic hit the American economy in early 2020.
After getting taste of postseason success, Pacers seek more in 2024-25 season
The Pacers are back in town this week for the start of training camp and ready to answer the doubters who call Indiana’s surprise run to the Eastern Conference finals a lucky break.
Dockworkers at ports from Maine to Texas go on strike, a standoff risking new shortages
If it goes more than a few weeks, a work stoppage would significantly snarl the nation’s supply chain, potentially leading to higher prices and delays in goods reaching households and businesses.
Carmaker Stellantis slashes forecasts as it faces industry slump, Chinese competition
Stellantis said it was accelerating efforts to turn around North America, including bringing dealer inventory levels to no more than 300,000 vehicles by the end of the year, instead of the first quarter of 2025 as previously planned.
Satellite service DirecTV buying rival Dish as it fights onslaught of streaming services
DirecTV plans to acquire Dish and Sling in a deal it has sought to complete for years, as the company seeks to better compete against streaming services that have become dominant.
Retailers brace for potential pain from a longshoremen’s strike
If roughly 45,000 U.S. longshoremen make good on their threat to strike beginning Tuesday, they could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the United States.
Michael Andretti says ‘timing was right’ for restructuring of Andretti Global
Motorsports icon Michael Andretti told The Associated Press on Sunday he’s at a point in his life where he no longer wants to run the day-to-day business of his global operation.
Suspicious package sent to elections officials in Minnesota prompts evacuation and FBI investigation
Earlier packages were sent to elections officials or intercepted before they arrived in Alaska, Colorado, Georgia, Indiana, Kentucky, Massachusetts, Missouri, New York, Rhode Island, Mississippi and Connecticut.
Michael Andretti hands over control of race team to business partner
Michael Andretti has restructured Andretti Global to give co-owner Dan Towriss control of the organization while Andretti will stay on as a strategic adviser of the team he has led since 2002.
Fed’s favored inflation gauge shows cooling price pressures
The ongoing decline in inflation makes it even more likely that the Federal Reserve will cut its key benchmark rate further in the coming months.
Attorneys tweak $2.78B college settlement, remove the word ‘booster’ from NIL language
The new language and replacement of the hazily defined “booster,” which has played a big role in the Indianapolis-based NCAA’s rulebook for decades, is designed to better outline which sort of deals will come under scrutiny under the new rules.
Google expert at antitrust trial says government underestimates competition for online ad dollars
The government’s case alleges Google has built and maintained an illegal monopoly that restricts choices and inflates costs for online publishers and advertisers.
Economy grew at solid 3% rate last quarter, government says in final estimate
Business investment increased at a vigorous 8.3% annual pace last quarter, led by a 9.8% rise in investment in equipment.
Steelworkers lose arbitration case against U.S. Steel in their bid to derail sale to Nippon
An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel, a deal that faces strong opposition from its workforce.
Indiana Fever eliminated from playoffs by Connecticut Sun
The loss prevents the Fever from returning home for a sold-out game Friday night in Indianapolis, where tickets on the secondary market were priced at hundreds to thousands of dollars.