Inflation measure closely tracked by Federal Reserve increased in April
Friday’s report from the government showed that despite rising prices, consumers remain willing to spend.
Associated Press
Articles
Biden, McCarthy narrow in on budget deal to lift debt ceiling
The Democratic president and Republican speaker hope to strike a budget compromise this weekend. Any deal would need to be a political compromise, with support from both Democrats and Republicans to pass the divided Congress.
Indiana doctor reprimanded for talking publicly about 10-year-old’s abortion
The state Medical Licensing Board rejected accusations from Indiana’s Republican attorney general that Dr. Caitlin Bernard violated state law by not reporting the child abuse to Indiana authorities.
Indianapolis 500 rally marked by brisk ticket sales, fewer empty seats
Actual ticket sales—and the number of existing permanent seats—remain one of the sports world’s greatest mysteries because those numbers are not publicly released. But IndyCar teams and drivers don’t need attendance figures to know how much has changed.
Debt ceiling talks teeter on brink, as lawmakers leave for weekend without deal
Lawmakers are tentatively not expected back at work until Tuesday, just two days from June 1, when Treasury Secretary Janet Yellen has said the U.S. could start running out of cash to pay its bills and face a federal default.
Supreme Court limits federal power over wetlands, boosts property rights over clean water
The outcome almost certainly will affect ongoing court battles over new wetlands regulations that the Biden administration put in place in December. Two federal judges have temporarily blocked those rules from being enforced in 26 states.
NCAA tax records show ex-president Emmert paid nearly $3.3M in 2021
Overall, NCAA revenue increased 10% in the 2021-22 fiscal year, while its expenses rose 16%.
Big crowds expected for the summer travel season—and big prices, too
For the travel industry, the big question is how long consumers can keep paying for airline tickets and accommodations while they deal with stubborn high inflation, news about layoffs and bank failures, and fear of a recession.
After years of struggling, A.J. Foyt Racing has cars to contend in Indy 500
A.J. Foyt Racing hasn’t had a car on the podium since 2019 and its last victory came a decade ago. But major changes in the offseason are expected to make the team competitive in the Indianapolis 500.
Ford changes tune, to keep AM radio on 2024 models
Ford CEO Jim Farley said the company is reversing a decision to scrub AM after speaking with government policy leaders who are concerned about keeping emergency alerts.
White House unveils new efforts to guide federal research of AI
The U.S. government and private sector in recent months have begun more publicly weighing the possibilities and perils of artificial intelligence.
U.S. rejects $200M grant to battery maker over alleged ties to China
The company is building a battery plant in Tennessee and was in talks with the Energy Department for a $200 million grant funded through the 2021 infrastructure law.
States sue telecom company over billions of robocalls
The lawsuit said Avid Telecom used spoofed or invalid caller ID numbers, including more than 8.4 million calls that appeared to be coming from government and law enforcement agencies as well as private companies.
Graham Rahal gets Indy 500 ride as replacement for injured Stefan Wilson
Less than 48 hours earlier, it appeared Rahal’s 15-year streak of starting in “The Greatest Spectacle in Racing” would end.
Possible UPS strike looms large in world grown reliant on delivery
The last time UPS workers walked of the job more than two decades ago, it crippled the shipping company. An emboldened union is threatening to do the same, and this time the disruption would be far greater.
Actor Adam Driver chosen as honorary starter for Indianapolis 500
Driver, who grew up in Mishawaka in northern Indiana, will soon be starring as Enzo Ferrari in a biopic of the Italian automobile magnate.
Wilson fractures vertebrae in crash with Legge in Indy 500 practice
Katherine Legge ran into the rear of British driver Stefan Wilson’s car, sending both skidding into the wall.
No debt ceiling agreement, but Biden and McCarthy call talks productive
GOP lawmakers have been holding tight to demands for sharper spending cuts with caps on future spending, rejecting the alternatives proposed by the White House that call for reducing deficits in part with new revenue from taxes.
Ford CEO: Days of being all things to all people are over
Ford CEO Jim Farley says Ford will be competing differently, going for tailored ownership experiences rather than “jockeying for slivers of market share.”
Meta fined record $1.3B, ordered to stop sending European user data to U.S.
The social media company that owns Facebook might have to carry out a costly and complex revamp of its operations if it’s ultimately forced to stop the transfers.