Battle over the iPhone app store spills into appeals court
The high-stakes battle involve a setup that generates an estimated $15 billion to $20 billion for Apple every year, which has helped lift its market value to nearly $2.4 trillion.
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After election, marijuana advocates look to more states
With the addition of Maryland and Missouri, 21 states have legalized recreational marijuana for adults over the past decade—even though it remains illegal under federal law.
Flying home for holidays likely to cost travelers much more this year
Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels are already gone.
FTX bankruptcy also endangers founder’s philanthropic pledges
The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the tens of millions of dollars in financial pledges and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement.
NFL Players Association calls on 6 venues, including Indy’s, to change playing surfaces
The association said the turf at Lucas Oil Stadium and five other venues results in “statistically higher in-game injury rates” involving non-contact and lower-extremity injuries. The NFL disputed the NFLPA’s conclusions.
Twitter Blue signups unavailable after raft of fake accounts
Twitter’s relaunched premium service—which grants blue-check “verification” labels to anyone willing to pay $8 a month—was unavailable Friday after the social media platform was flooded by a wave of impostor accounts.
Biden set to expand methane emissions rules amid push for more oil
The supplemental rule comes as President Biden has accused oil companies of “war profiteering” and raised the possibility of imposing a windfall tax on energy companies if they don’t boost domestic production.
U.S. judge in Texas strikes down Biden loan-forgiveness plan
A U.S. judge on Thursday blocked President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness.
AP source: US authorities investigate crypto exchange FTX
The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.
U.S. consumer inflation eases to 7.7% over past 12 months
Helping drive the inflation slowdown from September to October were used car prices, which dropped for a fourth straight month. Also down were the prices of clothing and medical care.
Musk seeks to reassure advertisers on Twitter after chaos
The latest erratic move on the minds of major advertisers—that the company depends on for revenue—was Musk’s decision to abolish a new “official” label on high-profile Twitter accounts just hours after introducing it.
Cryptocurrencies plunge as Binance scraps deal for rival FTX
Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck between the CEOs of the two exchanges on Tuesday.
Defying inflation worries, U.S. casinos have best quarter ever
Sixteen states reported quarterly highs in overall gambling revenue, including five of the six largest markets: Indiana, Michigan, Nevada, New York and Pennsylvania.
Kentucky, Michigan voters approve protecting abortion rights
The Tuesday ballot measures came months after the Supreme Court overturned Roe v. Wade and the constitutional right to abortion it guaranteed to women nationwide.
Colts’ hiring of Saturday chided on diversity, fairness grounds
Critics immediately went after Irsay for hiring an inexperienced former player. The hiring also didn’t sit well with the Fritz Pollard Alliance, which fights for equity and inclusion in pro football.
Supreme Court skeptical of rejecting civil rights precedent
The justices had been asked to use a case about an Indiana nursing home resident who claimed a violation of his rights to more broadly limit the right to sue.
Crypto exchange Binance to buy rival FTX in apparent bailout
The deal would make Binance, which is already the biggest cryptocurrency exchange by daily volume, an even more dominant player in the cryptocurrency industry.
Voters in 5 states decide whether to legalize recreational marijuana
Almost half of U.S. states could allow recreational use of marijuana after Tuesday’s elections.
Carvana shares fall as rising rates, inflation cut used car sales
Carvana had been growing quickly as used car prices soared after the pandemic. But it has been caught in an environment where rising interest rates and high prices have sent many potential used car buyers to the sidelines.
Colts turn to Jeff Saturday after Irsay saw ‘things go from bad to worse’
Saturday’s only coaching experience was a four-year stint as head coach at a Georgia high school. He’s served most recently as a team consultant and ESPN commentator.