Indiana professors sue after GOP legislators pass law regulating faculty tenure
The two professors, represented by the American Civil Liberties Union of Indiana, want portions of the law blocked before it takes effect July 1.
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TikTok sues U.S. to block law that could ban the social media platform
The popular social video company alleges the law, which President Joe Biden signed as part of a larger $95 billion foreign aid package, is “obviously unconstitutional.”
Penske suspends team president, 3 others in wake of cheating scandal
Roger Penske on Tuesday said he remains committed to reigning Indianapolis 500 winner Josef Newgarden and is actively trying to sign the two-time IndyCar champion to a contract extension.
Paying college athletes appears closer than ever. How could it work and what stands in the way?
A settlement being discussed in an antitrust lawsuit against the Indianapolis-based NCAA and major college conferences could cost billions and pave the way for a compensation model for college athletes.
Redfin agrees to pay $9.25M to settle real estate commission suits
Redfin is the latest big brokerage to agree to settlement terms. All told, the industry has now agreed to pay more than $950 million to make the lawsuits go away.
Medicare, Social Security go-broke dates delayed in ‘measure of good news’
An improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Still, officials warned that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.
Pacers renew old-school playoff rivalry with new-age game
With the Pacers and Knicks set to renew their playoff rivalry Monday night in the Eastern Conference semifinals, it’s easy to think back to those rough and rugged tussles in the 1990s. But these are two very different teams.
Robinhood receives SEC notice for alleged securities violations at crypto unit
The company said in a regulatory filing that it received investigative subpoenas from the SEC about issues including cryptocurrency listings, custody of cryptocurrencies, and platform operations.
Starbucks founder says company needs to refocus on coffee as sales struggle
The coffee giant said revenue dropped 2% in the January-March period as store traffic slowed around the world. It was the first time since 2020 that the company saw a drop in quarterly revenue.
As U.S. moves to reclassify marijuana as less dangerous, could more states legalize it?
Advocates for marijuana legalization hope a federal regulatory shift could eventually change the minds—and votes—of some state policymakers who have been reluctant to embrace weed.
Chevrolet denies participation in Team Penske’s IndyCar cheating scandal
General Motors President Mark Reuss said Chevrolet engaged a third-party law firm to conduct a review of the matter and found no evidence that any Chevrolet employee had any involvement.
Judge in landmark antitrust case grills Google during closing arguments
The judge overseeing a pivotal antitrust trial focused on whether Google is stifling competition and innovation repeatedly indicated Thursday that he believes it would be difficult for a formidable rival search engine to emerge.
UPDATE: Pacers win first playoff series in 10 years, eliminate Bucks 4-2
After first-round losses in their last five playoff appearances, the Indiana Pacers rode hot shooting and solid bench play to victory Thursday night. They will play the Knicks in the second round.
Former students of for-profit Art Institutes approved for $6B in loan cancellation
Indianapolis was home to one of the system’s schools, the Art Institute of Indianapolis, from 2006 to 2018.
Experts fear ‘catastrophic’ college declines due to botched FAFSA rollout
Across the United States, the number of students who have successfully submitted the FAFSA is down 29% from this time last year, and it’s even worse at schools with more low-income students, according to the National College Attainment Network.
Caitlin Clark boost: Teams book bigger arenas for Fever visits; StubHub’s WNBA ticket sales soar
Clark will make her preseason debut on Friday night at Dallas—a game that is already sold out. On Stubhub, a floor-level seat for the game was listed at $791.
Fed says interest rates will stay at two-decade high until inflation further cools
The Federal Reserve’s more cautious outlook stems from three months of data that pointed to chronic inflation pressures and robust consumer spending.
U.S. job openings fall to lowest level in more than 3 years
The number of Americans quitting their jobs fell to the lowest level since January 2021—a sign of diminishing confidence in their ability to find something better. But layoffs fell.
What marijuana reclassification means for United States
The U.S. Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug. Here’s a look at the possible implications.
McDonald’s plans to step up deals, marketing to combat slower fast-food traffic
The burger giant and fast-food bellwether said inflation-weary customers are eating out less often in many big markets.