FDA approves updated COVID-19 vaccines; shots should be available in days
With the Food and Drug Administration’s clearance, Pfizer and Moderna are set to begin shipping millions of doses.
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Average rate on a 30-year mortgage eases to 6.46%, the lowest level in 15 months
The recent pullback in mortgage rates overall has sparked a pickup in applications for home refinancing loans, which are 23% higher than a month ago, according to the Mortgage Bankers Association.
UPDATE: Labor dispute stops Canadian freight railroads, could cause major economic disruption in U.S.
Billions of dollars of goods each month move between Canada and the U.S. via rail, according to the U.S. Department of Transportation.
Price of gold reaches record high. Here’s why.
Interest in buying gold often comes at times of uncertainty—with potential concerns about inflation and the strength of the U.S. dollar, for example, causing some to look for alternative places to park their money.
Fed minutes: Most officials favor rate cut in September if inflation cools
Further guidance on the Fed’s next steps is expected when Chair Jerome Powell gives a highly anticipated speech Friday morning at the annual symposium of central bankers in Jackson Hole, Wyoming.
Tale of two retailers: Target reverses sales slump while Macy’s reports another quarterly decline
Consumers are still spending, but they’re being selective about where they make purchases when the costs of housing, food and other essentials remain inflated.
Ford to shift electric vehicle strategy by building lower-cost pickups, commercial van
Electric vehicle sales in the U.S., Ford’s most profitable market, are still growing but have slowed as more practical consumers worry about range and the ability to recharge while traveling.
At Democratic Convention, UAW head threatens strike against Stellantis
President Shawn Fain accused the company of reneging on promises to restart a now-closed assembly plant in Belvidere, Illinois, just over an hour northwest of Chicago.
AMD buying server maker ZT Systems for $4.9 billion to strengthen AI capabilities
AMD plans to sell ZT Systems’ server manufacturing business after the deal closes, with mergers and acquisitions in tech and elsewhere getting a closer look by regulators under the Biden administration.
Phil Donahue, pioneering daytime talk show host, dies at 88
Donahue’s first TV show, “The Phil Donahue Show,” which launched in 1967, aired in only four cities: Dayton, Cincinnati, Columbus and Indianapolis.
Possible work stoppage at Canada’s two largest railroads could disrupt U.S. supply chain
The two railroads handle about 40,000 carloads of freight each day, worth about $1 billion. Shipments of fully built automobiles and auto parts, chemicals, forestry products and agricultural goods would be hit hard, especially with harvest season looming.
Perdue recalls 167,000 pounds of chicken nuggets after wire found
According to Perdue and the U.S. Agriculture Department’s Food Safety and Inspection Service, the recall covers select lots of three products sold nationwide.
Wrongful death suit against Disney serves as warning to consumers when clicking ‘I agree’
Disney is arguing that a wrongful death lawsuit against Walt Disney Parks and Resorts should be dropped because the plaintiff, the woman’s husband, once signed up for a trial subscription of the Disney+ streaming service.
Notre Dame suspends men’s swim team for one year after review finds NCAA gambling violations
According to a person with knowledge of the situation, members of the team had set up a makeshift, internal sportsbook where athletes could wager on the times posted by themselves or teammates at meets.
States dealing with rampant school absenteeism, but Indiana doing better than most
Roughly one in four students in the 2022-23 school year remained chronically absent, meaning they missed at least 10% of the school year.
Judge tells Google to brace for shakeup of Android app store as punishment for running monopoly
In protesting the judge’s potential requirements, Google has raised the specter of consumers’ devices being infected by malicious software downloaded from third-party app stores, triggering “security chaos.”
Conor Daly to take over No. 78 car for Juncos Hollinger Racing for rest of IndyCar season
Daly is taking over for Agustin Canapino, who parted ways with the team last week after a series of social media firestorms.
Meta kills off misinformation tracking tool CrowdTangle despite pleas from researchers, journalists
In May, dozens of groups sent a letter to the company asking that it keep the tool running through at least January so it would be available through the U.S. presidential elections.
FTC ban on noncompete agreements comes under legal attack
Some companies say a new rule created by the Federal Trade Commission will make it hard to protect trade secrets and investments they make in their employees.
Deal worth $30B putting M&M’s and Snickers alongside Cheez-It and Pringles
M&M’s maker Mars Inc. is buying Kellanova Co., the maker of Pop-Tarts, in one of the biggest acquisitions of the year, vastly expanding the number of household-name brands under one roof.