U.S. wages, benefits grow at slowest pace in three years
With unemployment so high, workers who still have jobs have less ability to resist pay cuts or demand raises.
Associated Press
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Dunkin’ to close 800 U.S. stores as pandemic hurts sales
The 800 stores represent 8% of Dunkin’s U.S. footprint but just 2% of its sales.
U.S. economy shrank at record-breaking 33% rate last quarter
The contraction last quarter was driven by a deep pullback in consumer spending, which accounts for about 70% of economic activity.
U.S. expected to report record-breaking economic plunge
A huge plunge in consumer spending as people stayed home in the April-June quarter likely sent the economy into a tailspin at a roughly 32% annual rate
Indianapolis police announce new use-of-force policies
The department said the new policies include an emphasis on deescalating potentially volatile situations and explicitly ban officers from using chokeholds and shooting into or from moving vehicles.
Four Big Tech CEOs facing questions from Congress on competition
Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple are set to answer questions about market dominance in the industry.
Insurer Anthem’s profit swells, helped by drop in claims
Anthem Inc.’s second-quarter profit doubled on a year-over-year basis as a pandemic-induced drop in claims and a new business pushed the Blue Cross-Blue Shield insurer’s earnings past expectations.
Former Gov. Joe Kernan dies at 74, after battle with Alzheimer’s disease
Kernan was elected lieutenant governor in 1996 running on a ticket with Democrat Frank O’Bannon. They were reelected in 2000, but O’Bannon died suddenly after a stroke in 2003, and Kernan ascended to the Governor’s Office.
Lilly gets closer to first blood test for Alzheimer’s disease
An experimental blood test from Indianapolis-based Eli Lilly and Co. was highly accurate at distinguishing people with Alzheimer’s disease from those without it in several studies, boosting hopes that there soon may be a simple way to help diagnose the condition.
Struggling merchants, insurers battle over pandemic coverage
So many lawsuits have been filed against insurers in the U.S. that a Thursday hearing has been scheduled before a federal judicial panel in Washington to decide how to manage them all in the months—and possibly years—ahead.
Women renew legal claims against Indiana attorney general
The new lawsuit filed by Democratic state Rep. Mara Candelaria Reardon of Munster and three female legislative staffers seeks unspecified monetary damages from Attorney General Curtis Hill and his retraction of defamatory statements.
Fed extends lending programs as pandemic’s impact lengthens
The extension of seven emergency lending programs through the end of the year is an acknowledgement that the programs might be necessary for longer than was first thought as the nation struggles to control the coronavirus.
Gardening: Soak or drip? Watering advice for the hot season
Don’t expect to recharge your soil with water by standing in place with hose in hand, directing a shower of water onto your tomato plants.
From exhilaration to fatigue, home cooks assess new normal
It’s been months since the coronavirus pandemic limited restaurant options and caused many people—even the most kitchen-phobic among us—to try to cook more.
Notre Dame withdraws as host of first presidential debate
The university was set to host the inaugural contest between President Donald Trump and former Vice President Joe Biden on Sept. 29.
Orders for big-ticket manufactured goods jump 7.3%
The Commerce Department said Monday that the June gain in durable goods orders, which was better than expected, followed an even bigger 15.1% increase in May.
Target joins Walmart in closing on Thanksgiving, ending Black Friday kickoff
The move, announced Monday, come as retailers are rethinking Black Friday in-store bargain shopping as they try to curb the spread of the coronavirus, which has seen a resurgence in a slew of states.
Virus vaccine put to final test in thousands of volunteers
The world’s biggest COVID-19 vaccine study got underway Monday with the first of 30,000 planned volunteers helping to test shots created by the U.S. government—one of several candidates in the global vaccine race.
Survey: Business economists sketch more hopeful outlook
The economic outlook of U.S. business economists has improved over the past three months, though their sunnier view may be jeopardized by the resurgence of the coronavirus.
Treasury secretary: Virus aid package soon, $1,200 checks by August
Treasury Secretary Steven Mnuchin said extending an expiring unemployment benefit—but reducing it substantially—was a top priority.