New motorsports leaders introduced as Andretti Global moves on without Andretti
Two longtime NASCAR executives were introduced at Indianapolis-based Andretti Global on Wednesday as part of a company restructuring.
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Purdue, other schools face changing college football landscape as they search for coaches
Purdue University Athletic Director Mike Bobinski, 67, is embarking on a coaching search unlike any he has done previously. Bobinski said if Purdue is going to turn things around next season and stay competitive long term, he must find a coach that embraces a new way of thinking.
Trump vows to block Japanese steelmaker from buying U.S. Steel
President-elect Donald Trump is pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker, which has major operations in Indiana.
U.S. job openings rose last month, but hiring slowed
Taken as a whole, Tuesday’s figures suggest that the job market might be stabilizing at a modest level, with hiring moderate but layoffs uncommonly low.
Prosecutor says officers acted ‘recklessly’ in Black man’s death during mental health crisis
Indianapolis officers Adam Ahmad and Steven Sanchez, who were indicted by a grand jury in Herman Whitfield III’s 2022 death, are on trial this week.
Michael Andretti’s Formula 1 dream comes to bittersweet fruition without his involvement
Andretti has been sidelined from his namesake motorsports organization and won’t have any role with the Formula 1 program he spent the last four years desperately trying to launch.
Cyber Monday shoppers expected to set record
Cyber Monday has become the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it.
Record 3M-plus travelers screened at U.S. airports in single day
Airlines canceled about 120 U.S. flights—not an unusually high number — and more than 6,800 flights were delayed, according to FlightAware.
U.S. commits to $7.54B loan for Stellantis venture to build 2 EV battery plants in Indiana
The project being built by StarPlus Energy LLC is expected to create at least 2,800 jobs at the two plants and hundreds more at a nearby park for parts-supply companies.
Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales
In recent months, Tavares had come under fire from U.S. dealers and the United Auto Workers union after the release of dismal financial performance reports.
Purdue fires coach Ryan Walters after going 5-19 in his two seasons
It was simply too much to ignore even for a program like Purdue, which rarely fires coaches this quickly.
Inflation gauge ticks higher with price pressures still stubborn
Consumer prices rose 2.3% in October from a year earlier. That’s up from 2.1% in September, although it’s still only modestly above the Fed’s 2% target.
U.S. economy grew at 2.8% pace in third quarter on strong consumer spending
Within the GDP data, a category that measures the economy’s underlying strength rose at a solid 3.2% annual rate from July through September, up from 2.7% in the April-June quarter.
After fast start, electric cars need a recharge as range limits, cost leave some drivers skeptical
Adding to the headwinds: an incoming new U.S. president who has disparaged government support for electric vehicles.
Trump fills out his economic team with two veterans of his first administration
Trump on Tuesday announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and Kevin Hassett as director of the White House National Economic Council.
U.S. consumer confidence ticks higher on better outlook for hiring
The Conference Board doesn’t break out its responses by party, but another measure of consumer sentiment by the University of Michigan showed that optimism about the economy jumped among Republicans after the election.
Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting.
Small business owners breathe easier over labor costs after decision to strike down overtime rule
On Nov. 15, a federal judge in Texas blocked a new rule from the Biden administration that would have expanded access to overtime pay to millions more salaried workers across the U.S.
Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office
The tariffs, if implemented, could dramatically raise prices on everything from automobiles to agricultural products. It is unclear whether Trump will actually go through with the threats or if he’s using them as a negotiating tactic.
Thousands of Microsoft 365 users report outage issues
Microsoft shared at midday Monday hat it was deploying a fix, but the company later noted that targeted restarts were taking slower than expected for the majority of affected users.