UAW and Stellantis reach tentative contract deal as union adds strike at Tennessee GM factory
The pact includes 25% in general wage increases over the next 4 1/2 years for top assembly plant workers, with 11% coming once the deal is ratified.
Associated Press
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Pence quits presidential race after struggling to gain traction
Former Vice President Mike Pence is the first major candidate to leave a race that has been dominated by his former boss-turned-rival, Donald Trump, and his struggles to underscore just how much Trump has transformed the party.
Poll: Many Americans say household expenses outpacing earnings
About three-quarters of Americans describe the nation’s economy as poor, which is in line with measurements from early last year.
U.S. consumers still spending briskly in face of persistent inflation, high interest rates
September’s month-to-month price increase exceeds a pace consistent with the Fed’s 2% annual inflation target, and it compounds already higher costs for such necessities as rent, food and gas.
General Motors, Stellantis in talks with UAW to reach deals that mirror Ford’s
GM is likely to be the next company to settle because it has agreed to pull new electric vehicle battery factories into the UAW’s national contract, which essentially unionizes them.
Pacers keeping coach Rick Carlisle on board with multiyear contract extension
Carlisle returned to the Pacers as head coach in 2021 after previously spending four seasons leading Indiana from 2003-07.
U.S. economic growth accelerated to 4.9% rate last quarter
The nation’s economy expanded at a robust annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.
Water-guzzling companies struggle to reach sustainability goals
Powerhouse companies such as Coca-Cola, General Mills and Amazon have set water-sustainability targets but aren’t close to meeting them.
NBA All-Star events in Indianapolis expected to have $320M economic impact
During a press conference Wednesday to discuss the 2024 NBA All-Star Game in Indianapolis, NBA Commissioner Adam Silver said the All-Star game will return to its classic Eastern Conference-vs.-Western Conference format with a traditional game.
New organic rules from USDA tighten restrictions on livestock, poultry producers
John Brunnquell, president of Indiana-based Egg Innovations, one of the nation’s largest free-range and pasture-raised egg operations, said the new rules should make his business more competitive.
UAW reaches deal with Ford in breakthrough toward ending strikes
The four-year deal, which still has to be approved by 57,000 union members at Ford, could set the pattern for agreements with General Motors and Stellantis.
Mike Johnson elected House speaker with broad GOP support
The deeply religious and even-keeled Johnson has few foes and an important GOP backer: Donald Trump.
Visa profit surges as consumers turn up reliance on digital payments
Payments processing giant Visa has benefitted from a fundamental change in consumer behavior that has led to the broad acceptance of digital payments, as well as from the growth in online shopping.
Colts QB Anthony Richardson undergoes season-ending shoulder surgery
Team owner Jim Irsay said in a social-media post that the lengthy procedure took place in Los Angeles and doctors found what they expected. He said Richardson is doing well.
Republicans nominate Mike Johnson for House speaker after Emmer’s withdrawal
Rep. Mike Johnson of Louisiana becomes the fourth nominee, hours after an earlier pick, Rep. Tom Emmer, abruptly withdrew in the face of opposition from Donald Trump and hardline GOP lawmakers.
UAW strikes at GM SUV plant in Texas as union begins to target automakers’ cash cows
The UAW’s move further escalates a labor dispute that’s in its sixth week and now has about 46,000 union workers off the job.
States sue Meta, claiming its social platforms are addictive, harm children’s mental health
Dozens of states, including Indiana, are suing Meta Platforms Inc. for contributing to the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict children to the platforms.
Republicans pick Tom Emmer as nominee for House speaker as they try for third time
The House has been without a speaker since the start of the month after a contingent of hard-line Republicans ousted Kevin McCarthy.
Tesla says Justice Department expanding investigations, issuing subpoenas
Federal prosecutors have expanded investigations into Tesla beyond the electric vehicle maker’s partially automated driving systems, and they have issued subpoenas for information instead of simply requesting it, the company disclosed Monday.
Chevron buying Hess for $53B in latest oil megadeal
The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.