Inflation gauge closely tracked by Federal Reserve shows slight easing in inflation
Core prices rose just 2.8% from 12 months earlier in February—the lowest such figure in nearly three years—down from 2.9% in January.
Associated Press
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National Invitation Tournament changes not popular with everyone
The NCAA’s changes to the NIT selection process this year were designed to preserve the viability of the once-storied college basketball event in the face of possible competition. But many programs haven’t embraced the changes.
NCAA President urges state lawmakers to ban betting on individual athletes
The American Gaming Association estimates $2.7 billion will be bet this year on the NCAA men’s and women’s basketball tournaments through legal sportsbooks.
Top women’s college players like Clark expect NIL deals to stay with them in pros
Women’s basketball is one of the hottest tickets in college sports, a popularity driven in part by players like Caitlin Clark of the University of Iowa and Angel Reese of Louisiana State University. Their name, image and likeness, or NIL, valuations are some of the highest in the nation.
March Madness: TV ratings slightly up over last year despite Sunday’s blowouts
Overall, the tournament is averaging 9.07 million viewers on CBS, TBS, TNT and truTV. That is a slight increase over the 9.05 million average at this point last year.
Alcohol permit lifted at Indianapolis bar where shooting killed 1, wounded 5
The Indiana Alcohol and Tobacco Commission voted unanimously to revoke a liquor license extension for 11:11 Bar & Grille on the city’s far-east side.
NFL owners OK radical overhaul to kickoff rules, source says
There were 1,970 touchbacks on kickoffs last season that now could be returns under the new rule.
Shares in Trump’s social media company soar nearly 50% in first day on Nasdaq
Before trading began, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold.
IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire
The IRS is warning taxpayers that they might be leaving more than $1 billion in unclaimed refunds on the table.
Chinese hackers accused of state-backed operation against U.S. politicians, companies
Targets included officials at the White House and multiple government agencies, including the Treasury and Commerce departments, senators from both parties, the spouse of a senior Justice Department official, political strategists, and political figures from around the world who were critical of the Chinese government.
Indiana cement plant among projects receiving $6B in federal funding
The Department of Energy announced $6 billion in funding Monday for projects that will slash emissions from the industrial sector—the largest-ever U.S. investment to decarbonize domestic industry to fight climate change.
Big brands could pivot easily if TikTok goes away. For small businesses, it’s another story.
Big brands that have relied on TikTok to reach younger consumers do not appear to be panicking as they wait to see what happens in Washington. But they also have started planning.
Zach Edey, Purdue dominate opposition in Indianapolis on way to Sweet 16
Playing close to home, Purdue was a hot ticket on Sunday, with seats on the secondary market topping $200 each in the upper reaches of the arena and exceeding $500 in the lower level.
United Airlines says regulators plan to increase oversight of company following issues
Among the most recent problems, a chunk of outer aluminum skin was discovered to have fallen off the belly of a United Boeing 737 after it landed in Oregon. Earlier this month, a United jet suffered an engine fire during takeoff from Houston, and a tire fell off another United jet as it left San Francisco.
McLaren Racing extends Zak Brown’s contract as CEO through 2030
McLaren is the only team that competes in Formula 1, IndyCar, Formula E, Extreme E and esports.
If it seems everyone can score in March Madness, there’s a reason. Offense has evolved.
As March Madness gets underway, offensive efficiency is at its highest point in almost three decades.
Apple has kept illegal monopoly over smartphones, Justice Department says in suit
The Justice Department on Thursday announced a sweeping antitrust lawsuit that alleges Apple has monopoly power in the smartphone market and uses its control over the iPhone to “engage in a broad, sustained, and illegal course of conduct.”
Congressional leaders sell $1.2T spending package to members before shutdown deadline
Congressional leaders from both parties looked to put a positive light on a $1.2 trillion spending package that lawmakers are working to approve before funding expires at midnight Friday for a host of key government agencies.
Fed still foresees three interest rate cuts this year despite another bump in inflation
The financial markets cheered the message Wednesday from Jerome Powell and the Federal Reserve, with traders sending the Dow Jones industrial average surging 1%, to another all-time high.
EPA issues new auto rules aimed at cutting carbon emissions, boosting EVs
The new rules relax initial tailpipe limits proposed last year but eventually get close to the same strict standards set out by the Environmental Protection Agency.