Caitlin Clark’s No. 22 to be retired at Iowa’s Carver-Hawkeye Arena
Before joining the Indiana Fever, Clark finished her college career as the all-time leading scorer in men’s and women’s NCAA Division I history
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Fed cuts its key rate by quarter-point but envisions fewer reductions next year
New quarterly projections suggest that consumers may not enjoy much lower rates next year for mortgages, auto loans, credit cards and other forms of borrowing.
Supreme Court will hear arguments over law that could ban TikTok in U.S. if it’s not sold
The justices will hear arguments Jan. 10 about whether the law impermissibly restricts speech in violation of the First Amendment.
Nissan, Honda confirm talks on closer collaboration but cool merger speculation
Nissan’s share price soared more than 22% after reports citing unnamed sources said it might merge with Honda to form the world’s third-largest automaking group.
Retail sales rose last month in latest sign of U.S. economy’s health
Sales jumped 2.6% at auto dealers, driving most of the gain. Some of that demand likely reflected a need for new cars in parts of the southeast slammed by Hurricane Helene in October, as well as healthy incentives provided by car dealers.
Concert promoters, hotels and lodging sites soon must disclose extra fees up front
Consumers often see advertised prices for hotel rooms, short-term rentals, and tickets to sporting events and concerts only to be surprised later by so-called “junk fees,” including resort fees, cleaning fees, processing fees and other extra charges.
U.S. to require passenger vehicles to have alarms for rear seat belts
The National Highway Traffic Safety Administration estimates that the new rule will save 50 lives per year and prevent 500 injuries when fully in effect.
UPDATE: Japan’s Softbank plans to invest $100 billion in U.S. projects
Monday’s announcement comes days after Trump vowed to expedite federal permits for energy projects and other construction worth more than $1 billion.
Federal Reserve likely to slow rate cuts with inflation pressures still elevated
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting.
Notre Dame gives coach Freeman contract extension as playoff week begins
Freeman won nine games in his first season as Notre Dame’s head football coach, 10 in his second season and 11 (so far) this year. Seventh-seeded Notre Dame will host No. 9 Indiana University on Friday night.
Small businesses say cautious shoppers are seeking ‘cozy’ and ‘festive’ this holiday season
Overall, The National Retail Federation predicts retail sales in November and December will rise between 2.5% and 3.5% compared with same period a year ago.
Former nursing home CEO included in Biden’s sweeping clemency grant
James Burkhart was chief of Indiana’s largest chain of nursing homes before being indicted on 32 fraud counts in 2016.
Court denies TikTok’s request to halt enforcement of potential U.S. ban until Supreme Court review
A federal appeals court on Friday left in place a mid-January deadline in a federal law requiring TikTok to be sold or face a ban in the United States.
Supreme Court to take up challenge related to vehicle emissions standards
The court said it would take up a business-backed appeal that could make it easier to challenge federal regulations.
FTC sues largest wine and spirits distributor, saying it discriminates against smaller stores
Southern Glazer’s Wine and Spirits distributes one out of every three bottles of wine and spirits in the U.S. and serves commercial customers such as Total Wine, Costco and Kroger.
Nearly half of U.S. teens are online ‘constantly,’ Pew report finds
As in past years, YouTube was the single most popular platform teenagers used. There was a slight downward trend in several other popular apps teens used.
Wholesale inflation accelerates sharply on higher food prices
Measured from 12 months earlier, wholesale prices climbed 3% in November, the sharpest year-over-year rise since February 2023.
Biden commutes roughly 1,500 sentences, pardons 39 people in biggest single-day act of clemency
The outgoing president said he would be taking more steps in the weeks ahead and would continue to review clemency petitions.
Trump to be honored as Time’s person of the year
President-elect Donald Trump also will ring the opening bell at the New York Stock Exchange.
FBI Director Wray says he intends to resign before Trump takes office in January
Christopher Wray said at a town hall meeting that he would be stepping down “after weeks of careful thought,” roughly three years short of the completion of a 10-year term.