Linus Lundqvist lands IndyCar ride with Chip Ganassi Racing
Chip Ganassi has not confirmed his 2024 lineup yet, but 2022 Indianapolis 500 winner Marcus Ericsson has already said he’s leaving for Andretti Autosport.
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Fed’s preferred inflation gauge shows modest rise in prices
The latest data follows other recent reports that suggest the economy and the job market may be slowing enough to cool inflation pressures.
Marijuana recommendation by U.S. health agency hailed as first step to easing weed restrictions
The U.S. Department of Health and Human Services recommended that marijuana be moved from a Schedule I to a Schedule III controlled substance.
Labor Day weekend travelers should expect lots of company
Canceled flights remain elevated as airlines face their last big test of the prime vacation season: Labor Day weekend.
College students still struggling with basic math. Professors blame the pandemic.
Colleges across the country are grappling with the same problem, as academic setbacks from the pandemic follow students to campus.
Perfect North Slopes owner to resign from Indiana Senate
Republican Sen. Chip Perfect, of Lawrenceburg, said he will resign effective Sept. 26 after nearly nine years representing southeastern Indiana’s Senate District 43.
Amazon CEO: ‘It’s probably not going to work out’ for employees who defy return-to-office policy
Amazon corporate employees have been pushing back against the company’s return to office policy for months—and it seems the e-commerce giant’s CEO has had enough.
Millions more would get overtime under proposed Biden administration rule
The proposed rule would have the biggest impact on retail, food, hospitality, manufacturing and other industries where many managerial employees meet the new pay threshold.
U.S. economic growth for last quarter revised down to 2.1% annual rate
The Commerce Department’s second estimate of growth last quarter marked a slight acceleration from a 2% annual growth rate from January through March.
Global inflation pressures could become harder to manage in coming years, research suggests
Rising trade barriers, aging populations and broad transition to renewable energy are trends that could make it harder for the Federal Reserve and other central banks to meet their inflation targets.
Dems accuse tax-prep firms of undermining IRS effort on free-file returns
The IRS in May announced that it would launch a pilot program for the 2024 filing season to allow taxpayers to file directly to the agency for free.
Powell: Economy’s solid growth could require additional Fed hikes to fight inflation
In a closely watched speech at Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell said the economy has been growing faster than expected and consumers are spending briskly—trends that could keep inflation pressures high.
Results from Nordstrom, other retailer show cautious consumer spending
The reports come as shoppers are still dealing with high inflation and higher interest rates that are making it more expensive to take out a loan or carry debt on credit cards.
In court documents, JetBlue says it could raise fares on some routes after buying Spirit Airlines
Consumer advocates say the disclosure supports the antitrust lawsuit aimed at blocking JetBlue’s $3.8 billion purchase of Spirit, the nation’s largest discount airline.
T-Mobile to lay off 5,000 employees, or about 7% of its workforce
CEO Michael Sievert said the layoffs would come over the next five weeks and affect T-Mobile workers across the country.
USA Gymnastics seeks to build centralized training center by 2028 Olympics
It’s unclear whether the organization would move its national headquarters from Indianapolis to wherever the training center might be built.
Justice Department announces charges against hundreds of alleged COVID-19 fraudsters
More than 60 of the defendants have alleged connections to organized crime, the department said, including members of a criminal gang accused of using stolen pandemic aid to pay for a murder.
Former Indy 500 winner Ericsson moving from Chip Ganassi Racing to Andretti Autosport
Andretti Autosport made the announcement Wednesday, adding Marcus Ericsson to a lineup that features Colton Herta and Kyle Kirkwood.
Dollar Tree, Family Dollar agree to take steps to improve worker safety
U.S. regulators on Wednesday announced a settlement with the company that runs Dollar Tree and Family Dollar aimed at improving worker safety at thousands of the bargain stores across the country.
UPS workers OKs 5-year contract, capping contentious negotiations that threatened deliveries
The Teamsters said in a statement that 86% of the votes cast were in favor of ratifying the contract.