Americans ramped up retail spending in October
Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending. But much of the sales increase reflected higher prices.
Associated Press
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Biden signs $1T infrastructure deal with bipartisan crowd
The president hopes to use the infrastructure law to build back his popularity, which has taken a hit amid rising inflation and the inability to fully shake the public health and economic risks from COVID-19.
Emmert: NCAA’s restructuring efforts not motivated by fear
NCAA President Mark Emmert’s words came after the NCAA’s online constitutional convention, during which the entire membership of more than 1,100 schools in three divisions weighed in on the proposed, scaled-down version of the association’s foundational document.
Indiana teachers union calls lawmakers to address shortages
The state is “slowly making progress” on teacher pay, but additional action is needed to attract and retain teachers, Indiana State Teachers Association President Keith Gambill said during a news conference Monday.
Roads, transit, internet: What’s in the infrastructure bill
The $1 trillion infrastructure plan that President Joe Biden plans to sign into law has money for roads, bridges, ports, rail transit, safe water, the power grid, broadband internet and more.
Justices turn away VW appeals over emissions scandal lawsuits
The U.S. Supreme Court on Monday rejected appeals from Volkswagen that sought to stop state and local lawsuits related to the 2015 scandal in which the automaker was found to have rigged its vehicles to cheat U.S. diesel emissions tests.
Federal spending bill would give local news outlets ‘shot in the arm’
Though the proposal’s main objective was to rescue small papers hit hard by the pandemic, should the tax break become law, Gannett, one of the nation’s largest remaining newspaper chains, could gain as much as $127.5 million over five years.
RV company plans Indiana expansion, 500 jobs
Forest River expects to start production at the new site by the end of November, with the first travel trailer expected to come off the production line in early December.
Indiana BMV keeps license bureau wait times offline for now
The decision to not resume the posting of wait times comes as the agency is still looking to fill staff vacancies that contributed to numerous temporary branch closures around the state during September and October.
Pete Buttigieg’s star rises as $1T Biden agenda shifts toward him
As Biden prepares to sign the infrastructure bill on Monday, eyes are turning to the man still best known as “Mayor Pete,” a newcomer whose promise of “generational change” and real-world sensibility of fixing potholes launched him to the top of the early Democratic primary contests during the 2020 campaign.
Indiana governor says ‘we shall see’ on possible tax cuts
Indiana’s surging state tax collections have the governor in discussions on whether tax cuts should be considered during the upcoming legislative session.
Johnson & Johnson to split into two, aim for faster growth
The company said Friday that it will separate its segment that sells Band-Aids, Listerine and over-the-counter medicines like Tylenol from its pharmaceutical and medical device business.
For 2nd straight month, Americans quit jobs at a record pace
The figures point to a historic level of turmoil in the job market as newly-empowered workers quit jobs to take higher pay that is being dangled by businesses in need of help.
Disappearing shorts: As stocks soar, skeptics surrender
As the stock market has surged to records, activity has dwindled to a nearly two-decade low for the traders known as short sellers, who make their money betting stocks will fall.
Biden bill includes boost for union-made electric vehicles
Eleven governors complained that the more generous tax credit for cars made in union plants would punish companies and workers in their states.
Foundations commit billions to fight climate change
The United Nations Climate Change Conference has promoted a series of announcements from foundations and individuals attempting to pour money into efforts to fight climate change, an area many think philanthropy has neglected.
Rivian rockets past GM to become 2nd most valuable carmaker
The California company’s market valuation exceeded Ford’s in its first day a public company Wednesday. Its shares rose 10% at the opening bell Thursday pushing its valuation over $90 billion.
Here’s why inflation is so high, and when it might ease
As any American who has bought a carton of milk, a gallon of gas or a used car could tell you, inflation has settled in. And economists are now voicing a more discouraging message.
Ex-Muncie mayor sentenced to year in prison for bribery
Dennis Tyler was sentenced Wednesday to a year in prison on federal charges of taking a $5,000 bribe in exchange for steering city projects to a contractor.
Hershey buys Dot’s and Indiana pretzel maker for $1.2B
The chocolate company said it would acquire North Dakota-based Dot’s Pretzels LLC as well as Pretzels Inc., an Indiana-based manufacturer of Dot’s Pretzels and other snacks that operates three plants.