U.S. grew wealthier, better educated in second half of 2010s
The report released Thursday captures the second half of a decade-long expansion in the U.S. economy that followed the Great Recession.
Associated Press
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Moderna seeks FDA authorization for 4th dose of COVID shot
The company said its request for approval for all adults was made “to provide flexibility” to the Centers for Disease Control and Prevention and medical providers to determine the “appropriate use” of a second booster dose of the vaccine.
Crews still dousing fire-damaged Walmart center’s hot spots
The Bureau of Alcohol, Tobacco, Firearms and Explosives is investigating the fire’s cause. Officials said the investigation into the fire’s cause and origin could take days, even weeks.
Number of Americans collecting unemployment falls to 50-year low
U.S. businesses posted a near-record level of open jobs in January—11.3 million—a trend has helped pad workers’ pay and added to inflationary pressures.
Study: Racial gap shrinks in grad rates for NCAA men’s hoops teams
The shrinking gap in average Graduation Success Rate was due to gains by Black players outpacing those by white players.
Here’s how higher interest rates will affect Americans’ finances
With inflation raging at four-decade highs, economists and investors expect the central bank to enact the fastest pace of rate hikes since 2005. That would mean higher borrowing rates well into the future.
Powell, three other nominees to Federal Reserve clear Senate panel
The Senate Banking Committee approved Jerome Powell’s nomination to a second four-year term as chair of the Federal Reserve Wednesday, just hours after the central bank began what will be a difficult effort to combat inflation.
Fed begins inflation fight with key rate hike, signals more to come
The Federal Reserve’s quarter-point hike in its key rate, which it had pinned near zero since the pandemic recession struck two years ago, marks the start of its effort to curb the high inflation that has followed the recovery from the recession.
Gradual Indiana income tax cut plan signed by governor
The governor’s office announced Wednesday that Holcomb had signed the bill approved by legislators last week that will reduce the state’s current income tax rate of 3.23% to 2.9% in small steps until its planned full implementation in 2029.
Scientists explore potential connection between diabetes, COVID-19
It’s clear that in those who already have diabetes, COVID-19 can worsen the condition and lead to severe complications. But there are other possible links.
Retail sales rose 0.3% in February amid higher prices
After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter consumed more of their wallets.
IUPUI women get second chance to make first NCAA impression
After qualifying for the NCAA Women’s Basketball Tournament two years ago but not getting to play because of the pandemic, IUPUI is embracing another opportunity.
U.S. producer prices up 10% in February from a year ago
The Labor Department said Tuesday that its producer price index—which tracks inflation before it hits consumers—rose another 0.8% from January to February.
Indiana attorney general bills state $2,300 for border trip
The state Democratic Party criticized Rokita for spending taxpayer money on what it called a “political trip.”
House Dems seek probe of Postal Service plan for new mail truck fleet
The plan largely ignores White House calls to replenish the mail-service fleet with electric vehicles and has drawn sharp criticism from the Biden administration, Democratic lawmakers and environmentalists.
45M Americans expected to bet on March Madness hoops
The American Gaming Association predicted that $3.1 billion will be wagered on this year’s tournament, a figure that includes legal bets as well as those placed with illegal bookies or offshore web sites.
Federal Reserve to begin risky pursuit of a ‘soft landing’
The Federal Reserve on Wednesday will launch one of the most difficult tasks a central bank can attempt: Raise borrowing costs enough to slow growth and tame high inflation, but not so much as to topple the economy into recession.
A bigger bracket? NCAA transformation could lead to changes
College sports leaders are working to transform the top tier of NCAA athletics, from how Division I should be governed to what should be required of schools to compete at the highest level. And changing the NCAA could lead to changes in its crown jewel event—the Division I men’s college basketball tournament.
Average U.S. gasoline price rises 22% in two weeks, to record $4.43 per gallon
The average price of gasoline at the pump is $1.54 higher per gallon than it was a year ago.
Uber charging customers new fuel fee for rides, delivery
The surcharge will be in effect for at least 60 days, after which Uber said it will assess the situation.