Applications for jobless benefits fall to lowest level since September 2022
The job market has remained surprisingly resilient, with the unemployment rate staying below 4% for 23 straight months, the longest such streak since the 1960s.
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3M begins payments to service members in $6B earplug settlement
3M has started paying out its $6 billion settlement to U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company at its Indianapolis subsidiary.
UPDATE: Pascal Siakam traded to Pacers from Raptors for 3 first-round picks, more
The high-scoring Siakam is a two-time All-NBA selection, two-time All-Star and part of the Toronto Rapters team that won the 2019 NBA title.
Overdraft fees could drop to as low as $3 under new White House proposal
The proposed change by the Consumer Financial Protection Bureau would potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks.
Amazon to invest in Diamond Sports as part of bankruptcy restructuring agreement
Under the terms of the restructuring agreement, Amazon will make a minority investment in Diamond and enter into a commercial arrangement to provide access to Diamond’s content via Prime Video.
Supreme Court rebuffs Apple’s appeal on app payments, threatening billions in revenue
The Supreme Court on Tuesday allowed a court order to take effect that could loosen Apple’s grip on its lucrative iPhone app store.
Banks prepare to take on Biden administration over billions in overdraft fees
The Consumer Financial Protection Bureau is expected to propose rules this week that would further rein in banks’ ability to charge customers a fee when they overdraw their bank account.
JetBlue’s $3.8B buyout of Spirit Airlines blocked by judge citing threat to competition
The Justice Department said if JetBlue were allowed to buy Spirit, it would especially hurt travelers who depend on Spirit’s low fares.
Supreme Court declines to step into the fight over bathrooms for transgender students
The Supreme Court on Tuesday passed up a chance to intervene in the debate over bathrooms for transgender students, rejecting an appeal from an Indiana public school district.
Burger King owner buying out its biggest U.S. franchisee for about $1 billion
Carrols Restaurant Group runs 1,022 Burger King restaurants in 23 states, including more than 100 in Indiana.
Trump notches record win in Iowa caucuses; DeSantis edges Haley for second
Iowa has been an uneven predictor of who will ultimately lead Republicans into the general election. George W. Bush’s 2000 victory was the last time a Republican candidate won in Iowa and went on to become the party’s standard-bearer.
Washington state sues to block proposed merger of Kroger and Albertsons grocery chains
In a statement Monday, Kroger said it was delaying its timeline for closing the $25 billion deal due to ongoing dialogue with regulators, including state attorneys general and the Federal Trade Commission.
Fueled by unprecedented border crossings, a record 3M cases clog U.S. courts
Judges, attorneys and migrant advocates worry that the growing backlog is rendering an already strained system unworkable.
As legal challenges mount, some companies retool diversity, inclusion programs
Most major companies have so far stuck by diversity initiatives, which many ramped up in the face of pressure from some shareholders, employees and customers. But some have made changes to try to protect them from legal scrutiny.
Wholesale inflation declined last month, signaling price pressures still easing
The Labor Department reported Friday that its producer price index—which tracks inflation before it reaches consumers—declined 0.1% from November to December after falling 0.1% in November and 0.4% in October.
Some Americans will get student loans canceled in February as Biden accelerates new plan
Borrowers will be eligible for cancellation if they are enrolled in the new SAVE plan, if they originally borrowed $12,000 or less to attend college, and if they have made at least 10 years of payments.
Average long-term mortgage rates rise again, reaching their highest level in 4 weeks
The average rate on a 30-year mortgage rose to 6.66% from 6.62% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.33%.
Big Detroit auto show abandons September date and will move back to its roots in January
The next North American International Auto Show is now scheduled for Jan. 10 through Jan. 20 next year, organizers said Thursday.
Anthony Richardson eager to get back on the field after missing most of 2023 with a shoulder injury
Richardson showed promise in his four starts. He completed 50 of 84 attempts with 577 yards, three touchdowns and one interception. He also ran 25 times for 136 yards and four scores.
Biden awards $623M to states, local governments and tribes to build EV charging network
A proposal from the Michiana Area Council of Governments for an EV charging project based in Indiana is set to receive $4.2 million.