WNBA heads to Olympic break with big All-Star weekend
The Olympic team’s matchup with Team WNBA on Saturday featuring Caitlin Clark and Angel Reese will be one of the toughest games the American squad will potentially play over the month.
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Widespread rally sends Wall Street to record as Dow leaps 740 points
Unlike other record-setting days, Tuesday’s came after a widespread rally where nearly nine out of every 10 stocks in the S&P 500 rose, instead of just the handful of influential Big Tech stocks.
Summer pause: Small business sales growth tapers as consumers take breather on spending
Consumers cut back on small business spending and visits in June across a number of industries.
Chinese swimmers will be under scrutiny at Paris Olympics after past positive doping tests revealed
Prominent figures such as Katie Ledecky, winner of more individual swimming medals than any other female, have gone public with their complaints about a system that seems to have dropped the ball on a very clear-cut case.
Retail sales unchanged in June from May, underscoring shoppers’ resilience
Excluding gas prices and auto sales, retail sales rose 0.8%.
Amazon Prime Day a big event for scammers, experts warn
Consumers reported losing about $10 billion to fraud in 2023, a 14% jump from 2022. Online shopping scams were the second most-reported form of fraud.
Powell says Federal Reserve more confident inflation slowing toward target
In his remarks Monday, Federal Reserve Chair Jerome Powell stressed that the Fed did not need to wait until inflation actually reached 2% to cut borrowing costs.
Team Penske on hot streak headed into Indy for return of Brickyard 400
NASCAR heads to Indianapolis this week for the much-anticipated return of the Brickyard 400 on the historic oval at Indianapolis Motor Speedway.
Trump announces Ohio Sen. JD Vance as vice president pick
The 39-year-old Vance rose to national fame with the 2016 publication of his memoir, “Hillbilly Elegy.” He was elected to the Senate in 2022 and has become one of the staunchest champions of the former president’s “Make America Great Again” agenda.
Federal judge dismisses Trump classified documents case over concerns about prosecutor
The judge’s order is a mammoth legal victory for Trump as he recovers from a weekend assassination attempt and prepares to accept the Republican nomination in Milwaukee this week.
Macy’s ends takeover talks with investment firms, citing substandard offer
Macy’s said Monday it will focus on its own turnaround effort, a plan that includes closing 150 Macy’s stores over the next three years and upgrading the remaining 350 stores.
Trump heads to convention as authorities investigate motive, security in assassination attempt
Former President Donald Trump called for unity and resilience Sunday after an attempt on his life injected fresh uncertainty into an already tumultuous presidential campaign.
UPDATE: Trump injured in rally shooting; gunman and spectator dead
Former President Donald Trump, appearing at a rally in Pennsylvania, was injured but “fine” after what’s believed to be the first attempt to assassinate a president or presidential candidate since Ronald Reagan was shot in 1981.
U.S. wholesale inflation picked up in June more than expected
The increase, the sharpest year-over-year increase since March 2023, comes at a time when other price indicators are showing that inflation has continued to ease.
Data of nearly all AT&T customers downloaded to third-party platform in security breach
Approximately 109 million customer accounts were impacted, according to AT&T, which said that it currently doesn’t believe that the data is publicly available.
Appeals court says some NCAA athletes might qualify as employees under federal wage laws
The court, in the latest challenge to the Indianapolis-based NCAA’s long-held notion of “amateurism” in college sports, said a test should be developed to differentiate between students who play college sports for fun and those whose effort “crosses the legal line into work.”
Here’s what’s in the NBA’s upcoming 11-year, $76 billion media rights deal
The NFL remains the top attraction because of its ratings and advertising prowess, but the NBA is a firm second and can command top dollar due to its younger viewers as well as having a ton of content.
Inflation cools again, potentially paving way for Fed to cut interest rates soon
The June figures will qualify as another installment of the more good inflation data the central bank has been seeking. Should inflation remain low through the summer, most economists expect the Fed to begin cutting its benchmark rate in September.
Biden administration awards $325M to upgrade Indiana plants for EV components production
The grants to Cummins and Stellantis are among $1.7 billion in funding the Energy Department announced Thursday morning.
Is inflation still cooling? Thursday’s report on June prices will provide clues.
Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases.