For four rising NBA stars, about $1B in extensions leads to rising expectations
Indiana Pacers player Tyrese Haliburton got questions about the same topic more often than he could remember this summer: The money, the money, the money.
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Ford leader calls on autoworkers to end strike, says company’s future at stake
In a rare speech during contract talks in the company’s hometown of Dearborn, Michigan, Ford Motor Co. Executive Chairman Bill Ford said high labor costs could limit spending to develop new vehicles and invest in factories.
Lilly’s Mounjaro helped dieters shed 60 pounds, study finds
The results, which were also presented Sunday at a medical conference, confirm that the drug made by Eli Lilly and Co. has the potential to be one of the most powerful medical treatments for obesity to date, outside experts said.
Republicans pick Jim Jordan as nominee for House speaker
Jordan, of Ohio, will now try to unite colleagues from the deeply divided House GOP majority around his bid ahead of a floor vote, which could push to next week.
UAW breaks pattern of adding plants to strikes on Fridays, says more could come any time
UAW President Shawn Fain told workers in a live video appearance that the companies started gaming the system, waiting until Fridays to make progress in bargaining.
Midwest coalition involving Indiana selected for regional hydrogen hub
Gov. Eric Holcomb’s office says the U.S. Department of Energy will award up to $1 billion in grant funding to the Midwest Alliance for Clean Hydrogen, or MachH2, which consists of more than 70 Midwest public and private organizations.
Ford says it’s at limit on how much it can spend to get new contract with striking autoworkers
The apparently widening labor rift indicates that Ford and the UAW may be in for a lengthy strike that could cost the company and workers billions of dollars.
GOP’s Scalise ends bid to become House speaker as Republican holdouts refuse to back nominee
U.S. Rep. Steve Scalise told colleagues at a closed-door evening meeting of his decision and declined to announce backing for anyone else, including his chief rival, Rep. Jim Jordan, the far-right Judiciary Committee chairman backed by Donald Trump.
White House poised to announce winners of competition to produce hydrogen fuel
Earlier this year, an Indiana group seeking to land one of the hydrogen hubs joined forces with a coalition representing Michigan and Illinois to enhance the chance.
IndyCar takes hybrid testing to its marquee venue in Indianapolis
Indianapolis Motor Speedway reverted to its original purpose Thursday—serving as a test track for new automobile technology. The lessons learned about IndyCar’s new hybrid cars could reverberate throughout next season.
IRS says Microsoft might owe about $29B in back taxes
That figure, which Microsoft disputes, stems from a long-running IRS probe into how Microsoft allocated its profits among countries and jurisdictions in the years 2004 to 2013.
Social Security benefits to increase by 3.2% in 2024
Next year’s hike follows this year’s 8.7% benefit increase, which was brought on by record 40-year-high inflation.
UAW escalates strike as 8,700 workers walk out at Ford’s Kentucky Truck Plant in Louisville
The surprise move at about 6:30 p.m. Wednesday took down the largest and most profitable Ford plant in the world. The sprawling factory makes pricey heavy-duty F-Series pickup trucks and large Ford and Lincoln SUVs.
Fed officials signal cautious approach to rates amid heightened uncertainty
Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully.”
Wholesale inflation rises 2.2% in biggest year-over-year gain since April
The numbers, driven by an uptick in the price of goods, came in higher last month than economists had expected.
Detroit automakers, union leaders spar over 4,800 layoffs at non-striking factories
The UAW contends that the layoffs are unjustified and were imposed as part of the companies’ pressure campaign to persuade union members to accept less favorable terms in negotiations with automakers.
Republicans nominate Steve Scalise to be House speaker
Scalise, as the second-ranking Republican, is seen as a hero among colleagues for having survived severe injuries from a mass shooting during a congressional baseball practice in 2017. He is now battling blood cancer.
NCAA President Charlie Baker to testify during Senate hearing on college sports
Baker, who took over as president of the Indianapolis-based NCAA in March, has been spending a lot of time in Washington, D.C., lobbying lawmakers to help college sports with a federal law to regulate how athletes can be compensated for their fame.
Biden’s second try at student loan cancellation moves forward with debate over plan’s details
The latest attempt will rest on a sweeping law known as the Higher Education Act, which gives the education secretary authority to waive student loans, although how far that power extends is the subject of legal debate.
Utah latest state to sue TikTok, alleging it baits children into addictive habits
Indiana and Arkansas have filed similar lawsuits, while the U.S. Supreme Court prepares to decide whether state attempts to regulate social media platforms such as Facebook, X and TikTok violate the Constitution.