U.S. retail sales ticked up last month in sign of ongoing consumer resilience
Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate.
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TikTok face offs with Justice Department over law that could lead to ban
Before a panel of three judges at a federal appeals court, attorneys for the two sides—and content creators—were pressed on their best arguments for and against the law that forces the two companies to break ties by mid-January or lose one of their biggest markets in the world.
Herta wins in Nashville as Palou cruises to 3rd IndyCar season championship
Will Power’s seatbelt came loose minutes into the season-deciding finale Sunday at Nashville Superspeedway, dealing a huge blow Palou’s closest challenger.
Walgreens to pay $106M to settle allegations it submitted false payment claims for prescriptions
The pharmacy chain was accused of submitting false payment claims to Medicare, Medicaid and other federal health care programs between 2009 and 2020 for prescriptions that were processed but never picked up.
Fever’s Clark breaks WNBA’s single-season record for assists
Caitlin Clark is up to 321 assists in her first year in the WNBA, breaking the mark of 316 set last season by Alyssa Thomas of the Connecticut Sun.
Biden cracks down on loophole that enables tariff-free imports by Temu, Shein
Importers mainly from China have used the de minimis exemption for shipments of $800 or less to flood the U.S. market.
Biden administration releases plans for new minimum tax on large companies
The new federal tax guidelines arrive in the midst of a grueling election season, the outcome of which will shape a looming partisan battle in Washington over a set of soon-expiring tax cuts adopted in 2017 under President Donald Trump.
Ferrucci signs multi-year extension with resurgent Foyt IndyCar team
The deal with Santino Ferrucci was described as a multi-year extension and announced ahead of Sunday’s season-ending IndyCar race in Nashville.
UAW’s rift with Stellantis raises fear that some auto jobs could vanish
Anxious and angry about Stellantis’ delay, union leaders have threatened to strike, a move that could extend beyond Stellantis. Labor experts say its two Detroit-area rivals, Ford and General Motors, are watching as they weigh their own strategies
Campbell Soup latest big brand to condense its name
The 155-year-old food seller, which is most famous for its namesake canned soups, says it would now like to be known as Campbell’s Co.
Indiana judge rules against abortion providers fighting near-total ban
The providers—including the regional Planned Parenthood affiliate—had sought a permanent injunction to expand the near-total ban’s medical exemptions and to block its requirement that abortions can only be performed at hospitals.
Postal Service’s squeeze on shipping consolidators could raise consumer costs
The U.S. Postal Service said Wednesday that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.
Stellantis to spend $406M at 3 factories in step toward meeting UAW commitments
Jeep and Ram maker Stellantis will retool three Michigan factories so they can build electric vehicles or battery parts to support a strategy of making vehicles powered by both gasoline and batteries.
Kyle Larson to attempt ‘Double’ again in 2025, but 600 will take priority over 500
Larson in May became the fifth driver in history to attempt to complete both the Indy 500 and Coca-Cola 600, but weather issues thwarted the effort.
Denard Robinson, Braylon Edwards among former Michigan players suing NCAA, Big Ten Network
The federal class-action antitrust lawsuit claims the athletes lost out on more than $50 million during their college careers because of the association’s now-lifted ban on athletes being compensated for name, image and likeness.
Labor costs remain high for small businesses, but report shows wage growth slowing for some
The Paychex Small Business Employment Watch found hourly earnings growth for workers at firms with 50 employees or less dropped below 3% for the first time since January 2021.
Americans lost $5.6B last year in cryptocurrency fraud scams, FBI says
The FBI received nearly 70,000 complaints in 2023 by victims of financial fraud involving bitcoin, ether and other cryptocurrencies.
Big Lots files for bankruptcy protection, plans to sell assets to Nexus Capital
Big Lots said it does plan to close some stores, but didn’t specify how many or what locations would be affected. At the end of 2023, Big Lots operated nearly 1,400 stores in 48 states.
Bankrupt LL Flooring finds buyer, plans to keep 200-plus stores open
The flooring retailer formerly known as Lumber Liquidators signed an agreement with private equity firm F9 Investments and now plans to keep some of its stores open instead of completely ending operations.
Google faces new antitrust trial after ruling declaring search engine a monopoly
The Justice Department, joined by a coalition of states, and Google each made opening statements Monday to a federal judge who will decide whether Google holds a monopoly over online advertising technology.