Ford recalls 870K F-150 pickups in U.S. due to parking brake glitch
The recall covers certain pickups from the 2021 through 2023 model years with single exhaust systems.
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Price, wage increases slow further in latest signs of cooling inflation
Consumer prices rose in June at their slowest pace in more than two years and wage growth cooled last quarter.
Indiana revokes licenses for three addiction treatment centers after deaths
The Indiana Division of Mental Health and Addiction revoked the license for Praxis Landmark Recovery in Mishawaka and sister facilities in Bluffton and Carmel, the company said.
Trump accused of asking staffer to delete camera footage in classified documents case
Former President Donald Trump faced new charges Thursday in a case accusing him of illegally possessing classified documents. The new indictment includes extra charges of obstruction and willful retention of national defense information.
White House rolls out measures aimed at increasing affordable housing
The White House also announced that it was forming an inter-agency task force to develop ways to fund efforts to convert more commercial buildings to residential housing, especially zero emissions and affordable units.
Formed after USA Gymnastics scandal, SafeSport center struggling 6 years after opening
The center has about 1,000 open cases, a quarter of which are more than a year old, SafeSport spokesman Dan Hill said. With only about 60 full-time investigators, it gets around 150 new complaints each week.
After raising prices sharply, corporate profits get squeezed as inflation eases
Many analysts believe margins hit bottom in the second quarter, and they’re forecasting a recovery in the second half. Others are less optimistic.
Weekly applications for jobless benefits slide to lowest level in 5 months
Despite the fastest interest rate hikes since 1989, the unemployment rate has hardly budged, remaining at a historically low 3.6%.
U.S. economy unexpectedly accelerated to 2.4% growth rate in Q2
Driving last quarter’s growth was a burst of business investment, which surged at a 5.7% annual pace, the fastest rate since late 2021.
Biden looks to provide relief from extreme heat as record temperatures persist
President Joe Biden on Thursday plans to announce new steps to protect workers, improve weather forecasts and make drinking water more accessible, the White House says.
Three Butler soccer players file federal lawsuit alleging abuse by former trainer
The lawsuit said the alleged acts took place while the athletic trainer was under the supervision of Butler University’s senior associate athletic director for student-athlete health, performance and well-being.
New SEC rule requires public companies to disclose cybersecurity breaches in 4 days
The new rules also require publicly traded companies to annually disclose information on their cybersecurity risk management and executive expertise in the field. The idea is to protect investors.
Federal Reserve raises its key rate for 11th time in 17 months
In raising the benchmark short-term interest rate to its highest level since 2001, the Fed provided little guidance about when—or whether—it might hike rates again.
Major automakers unite to build electric vehicle charging network they say will rival Tesla’s
Seven major automakers say they will share in a multi-billion dollar investment to build “high power” charging stations with 30,000 plugs in urban areas and along travel corridors.
A Fed still wary of inflation set to raise rates to 22-year peak
The Federal Reserve’s increase would be its 11th hike in 17 months. As with its previous rate hikes, this one would likely further elevate the costs of mortgages, auto loans, credit cards and business borrowing.
Car buyers bear heavy burden as Federal Reserve keeps raising rates
A study by the New York Federal Reserve has found that 14% of applicants for auto loans were rejected over the past year—the highest such proportion since the New York Fed began tracking the figure in 2013.
Colts content playing waiting game with Richardson’s progression at QB
Anthony Richardson, the No. 4 overall draft pick, arrived at his first NFL training camp Tuesday at Grand Park in Westfield with big expectations.
Senators introduce college sports bill to standardize NIL rules, regulate collectives
Charlie Baker, president of the Indianapolis-based NCAA, called the legislation “a major step in the right direction.”
UPS reaches pact with 340K union workers, averting potential calamitous strike
The Teamsters called the tentative agreement “historic” and “overwhelmingly lucrative.” It includes, among other benefits, higher wages and air conditioning in delivery trucks.
Biden administration proposes new rules to boost mental health coverage
The rules, if finalized, would force insurers to study patient outcomes to ensure the benefits are administered equally, taking into account their provider network and reimbursement rates and whether prior authorization is required for care.