American Airlines pilots ratify new contract with big pay raises, bonuses
The Allied Pilots Association said that 73% of pilots who took part voted in favor of the four-year contract, which it valued at $9.6 billion.
Associated Press
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Looking for a new car under $20,000? Your choice has dwindled to one.
Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, that choice is down to a single vehicle.
Amazon relaunches shipping service that competes with FedEx, UPS
Amazon has restarted a shipping service it paused in the early days of the COVID-19 pandemic. Amazon Shipping allows sellers to ship Amazon orders or products sold on other sites.
As college football season arrives, schools pay monitors to stop players, staff from gambling
The spread of legalized sports gambling—and some early scandals—have captured the full attention of athletic departments and conference offices. All major conferences are paying independent betting monitors to make sure their athletes abide by the rules—and to catch those who are not.
Mike Woodson’s initial success prompts IU to give coach $1M pay raise
Woodson has four years remaining on his contract after leading his alma mater to consecutive NCAA Men’s Basketball Tournament appearances for the first time in a decade.
Need gas after midnight? Don’t stop in Hammond.
The Indiana city’s 37 gas stations will be required to close between midnight and 5 a.m. under a new ordinance designed to curb crime.
Average long-term U.S. mortgage rate climbs to highest level since 2002
Rates have risen for the pst four weeks, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.
U.S. jobless claims fall as labor market shows resiliency
Economists say that given the difficulties in finding workers during the past two years, businesses will likely hold onto them as long as possible, even if the economy weakens.
Fed minutes: Too-high inflation still a threat, could require more rate hikes
Most Federal Reserve officials last month still regarded high inflation as an ongoing problem that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday.
Judge declines to approve Hyundai/Kia class action settlement
A federal judge said the proposed settlement in a class-action lawsuit prompted by a surge in Hyundai and Kia vehicle theft fails to provide “fair and adequate” relief to vehicle owners.
AP, other news organizations develop standards for use of artificial intelligence
AP is one of a handful of news organizations that have begun to set rules on how to integrate fast-developing tech tools like ChatGPT into their work.
Coinbase gets approval to offer crypto futures to eligible U.S. customers
Coinbase said Wednesday that it had secured regulatory approval from the National Futures Association to operate as a futures commission merchant.
Industrial icon U.S. Steel on verge of being absorbed as industry consolidates
A symbol of American industrialization that operated the world’s largest steel plant in Indiana and helped build everything from the United Nations building in New York City to the New Orleans Superdome seems poised to soon be purchased by a competitor.
Rahal Letterman Lanigan parts with Harvey, puts Daly in No. 30 car
Jack Harvey joined Rahal Letterman Lanigan Racing last season but has never finished better than 10th in any race. He said he would seek a new home in IndyCar.
Retail sales rose solidly last month as consumers spent freely
The uptick reflects the economy’s resiliency despite a still challenging economic environment of still high prices and higher interest rates.
UAW to vote on strike authorization next week as president says talks with Detroit 3 moving slowly
Union President Shawn Fain has set high expectations for the contract talks and says the union will seek more than 40% general pay raises over four years
Privately held Esmark makes offer for U.S. Steel, sets up bidding contest for iconic steelmaker
Industrial conglomerate Esmark said Monday it has made an all-cash offer to buy U.S. Steel that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs.
Biden administration urges colleges to pursue racial diversity without affirmative action
New guidance from the Biden administration on Monday urges colleges to use a range of strategies to promote racial diversity on campus after the Supreme Court struck down affirmative action in admissions.
Amazon rolling out AI feature that summarizes product reviews
The company said in a blog post Monday that it will use artificial intelligence to pick out common themes in reviews and summarize them in a short paragraph on the product detail page.
U.S. Steel rejects a $7.3B offer from rival Cleveland-Cliffs
The two steelmakers combined have more than 10,000 employees in Indiana.