U.S. job openings fall to lowest level since March 2021 as labor market cools
The unemployment rate has come in below 4% for 21 straight months, the longest such streak since the 1960s.
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Biz economists predict cooling inflation, recession avoidance
Only 24% of economists surveyed by the National Association for Business Economics said they see a recession in 2024 as more likely than not.
OxyContin maker’s bankruptcy deal hits Supreme Court, with billions at stake
The agreement hammered out with state and local governments and victims would provide billions of dollars to combat the opioid epidemic. The decision also has implications for other major product liability lawsuits settled through the bankruptcy system.
Indiana Pacers assistant Jim Boylen thankful for USA Basketball coach of year award
Boylen had 52 different players and seven different assistant coaches over the span of the World Cup qualifying tournament. Those groups did their job; they got the U.S. into the World Cup.
U.S. joins other nations in swearing off coal power to clean the climate
No date was given for when existing coal-powered plants would have to go, but other Biden regulatory actions and international commitments already in the works had meant no coal by 2035.
Jury orders egg suppliers to pay $17.7 million in damages for price gouging in 2000s
Indiana-based Rose Acre Farms, determined by a jury to be part of the conspiracy, said it would continue to consider all legal options, including post-trial relief and appeal.
Fed’s Powell notes inflation is easing, but says further progress is needed
Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said in prepared remarks Friday.
Proposed rules aimed at curbing China could make it harder to get full EV tax credit
Plans outlined by the departments of Treasury and Energy would limit electric vehicle buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States.
Cities must replace lead pipes within 10 years under new EPA plan
It is the strongest proposed overhaul of lead rules in more than three decades, and will cost billions of dollars.
Ford says UAW strike cut sales by 100,000 vehicles, cost company $1.7B in profit
Additional labor costs from the agreement will total $8.8 billion by the end of the contract, translating to about $900 per vehicle by 2028, Ford Chief Financial Officer John Lawler said in a company release.
UPDATE: IU hires James Madison’s Cignetti as new football coach
Curt Cignetti, 62, has spent the past five seasons at James Madison University, which plays in the Sun Belt Conference.
Total GivingTuesday donations up slightly this year, with 10% fewer donors participating
Not-for-profit organization GivingTuesday estimates that donors gave $3.1 billion this year on what has become one of the most important fundraising days of the year.
Indiana judge dismisses state’s lawsuit against TikTok that alleged child safety, privacy concerns
In her ruling, the judge said the court lacked personal jurisdiction over the case and reaffirmed a previous court ruling that found downloading a free app does not count as consumer transaction under the Indiana Deceptive Consumer Sales Act.
Chemical firms to pay $110M to Ohio to settle claims over releases of ‘forever chemicals’
The settlement involving DuPont, the Chemours Co. and Indianapolis-based Corteva Inc. resolves Ohio’s claims relating to releases of manmade, fluorinated compounds known as PFAS.
Pacers qualify as quarterfinal host for NBA’s new In-Season Tournament
Indiana, Milwaukee, the Lakers and the Kings all made all the guesswork easy because they were the teams that went 4-0 in group play.
General Motors says autoworker strike took $1.1B bite out of earnings
The company said it expects to absorb increased labor costs and have enough left to buy back stock worth nearly one quarter of the company’s $44 billion market value.
Consumer Reports: EVs less reliable, on average, than conventional vehicles
The survey found that electric vehicles from the 2021 through 2023 model years encountered nearly 80% more problems than did vehicles propelled by internal combustion engines.
Fed’s Waller: Interest rates likely high enough to bring inflation back to 2% target
Christopher Waller, a member of the Federal Reserve Board of Governors, cautioned that inflation is still too high and that it’s not yet certain if a recent slowdown in price increases can be sustained.
IndyCar champ Palou admits breach of contract, tries to mitigate damages owed to McLaren
The admission came in Alex Palou’s response to a lawsuit filed against him by McLaren Racing in September seeking to recoup at least $23 million in losses the team calculated Palou’s reversal cost the organization.
Many not-for-profits hoping to catch up on GivingTuesday
Supporting not-for-profits on GivingTuesday this year could have a bigger impact than usual. Why? Because not-for-profits and industry groups say donations so far are down compared with previous years.