Business economists lower growth forecasts due to virus
The coronavirus remains the dominant variable around how the U.S. economy will do for the rest of the year and into 2022, according to National Association of Business Economists.
Associated Press
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Palou becomes first Spaniard to win IndyCar championship
Palou’s 35-point lead meant a finish of 11th or better at Long Beach would win him the title, and once challenger Pato O’Ward was knocked out with a mechanical problem, Palou just needed to make it to the finish.
Honda’s Indiana factory adds new model to production line
Production has started on a new car model at Honda’s factory in southeastern Indiana. Honda executives, workers and several state officials marked the start of mass production for the 2022 Civic Hatchback at the Greensburg plant during a ceremony this past week. The new Civic Hatchback becomes the third type of vehicle produced at the […]
Beverage can company building high-capacity factory in Muncie
The factory is expected to ultimately employ about 340 people and produce about 3.6 billion cans per year.
Grosjean jumps to Andretti Autosport for full IndyCar season, including Indy 500
Romain Grosjean did not commit to ovals when he left Formula One to drive for Dale Coyne Racing in IndyCar this season. But his results and comfort level have been so strong that he’s decided to run the full 2022 season with one of the top teams in the series.
CDC leader adds people with risky jobs to COVID booster list
CDC Director Dr. Rochelle Walensky signed off on a series of recommendations from a panel of advisers late Thursday, but she also included one recommendation that the panel had rejected.
Democrats see tax ‘framework’ to pay for huge $3.5T package
Staring down a self-imposed Monday deadline, lawmakers said they would work nonstop to find agreement on specifics. Democrats’ views on those vary widely, but they largely agree with Biden’s idea of raising taxes on corporations and the wealthy.
U.S. sets the stage for COVID booster shots for millions
Advisers to the Centers for Disease Control and Prevention said boosters should be offered to people 65 and older, nursing home residents and those ages 50 to 64 who have risky underlying health problems.
Four companies seek to revive stalled Terre Haute casino plans
Gaming Commission executive director Greg Small said the agency hoped to select a company for the Terre Haute license by the end of this year.
EPA rule sharply limits hydrofluorocarbons, gases used as refrigerants
The HFC provision in the new law was supported by an unusual coalition that included major environmental and business groups, including the National Association of Manufacturers, American Chemistry Council and the Air-Conditioning, Heating and Refrigeration Institute.
U.S. jobless claims tick up for second straight week
The four-week moving average of claims, which smooths out week-to-week swings, registered its sixth straight drop—to a pandemic low of 336,000.
Once-hot SPAC investments return to earth
Not only are fewer SPACs going public through IPOs, the ones already in the market and still hunting for targets have seen their share prices drop.
Target, in a tight labor market, lowers holiday hiring goal
About 100,000 seasonal workers will be hired nationwide, the retailer said Thursday, about 30,000 less than last year. Many of those workers will be offered jobs beyond the holiday season.
Biden presses fellow Dems to resolve party split on $3.5T plan
The intense focus on Biden’s big-money domestic proposal showcases how much is at stake politically for the president and his party in Congress.
COVID-19 exacerbates ongoing problem with teacher shortages
Now that schools have welcomed students back to classrooms, they face a new challenge: a shortage of teachers and staff the likes of which some districts say they have never seen.
FDA backs Pfizer COVID-19 boosters for seniors, high-risk
However, more regulatory hurdles lie ahead before the dispensing of boosters can begin.
Federal Reserve foresees potential rate hike as soon as next year
The Fed also said it will likely begin slowing the pace of its monthly bond purchases “soon” if the economy keeps improving. The bond purchases have been intended to lower longer-term loan rates to encourage borrowing and spending.
United Airlines say 97% of U.S. employees have been vaccinated
Last month, United set a deadline of Sept. 27–next Monday–for its 67,000 U.S.-based employees to get vaccinated or face termination.
Reusable packaging set to go mainstream at major grocers, restaurants
Loop, a two-year-old company that collects and sanitizes reusable containers, is partnering with Kroger, Walgreens, McDonald’s, Burger King and Tim Hortons.
U.S. COVID-19 deaths climb to highest level since early March
The increasingly lethal turn has filled hospitals, complicated the start of the school year, delayed the return to offices and demoralized health care workers.