Target struggles in third quarter despite price cuts, offers tempered holiday outlook
Target’s stock plummeted 21% in morning trading Wednesday after the retailer fell short of Wall Street expectations for the quarter.
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Congressional panel urges toughening U.S.-China trade relationship
In its annual report to Congress released Tuesday, the U.S.-China Economic and Security Review Commission called for the first time for ending permanent normal trade relations with Beijing.
Trump’s casting call as he builds out his administration: TV experience preferred
There’s a common trait that President-elect Donald Trump is clearly prizing as he selects those to serve in his new administration: experience on television.
Jersey Mike’s sandwich chain acquired by private equity firm for $8B
Jersey Mike’s has nearly 30 locations throughout Indiana, including stores in Indianapolis, Noblesville, Carmel, Greenfield, Zionsville, Anderson, Avon, South Bend, West Lafayette, Fort Wayne and Bloomington.
Volunteers came back to nonprofits in 2023, after pandemic tanked participation
Compared to other adults, people between the ages of 45 and 54 volunteered at the highest rates overall, the survey found, and more women volunteered than men, continuing a long-term trend.
McLaren’s IndyCar team makes leadership changes as Gavin Ward leaves role as team principal
Arrow McLaren said it will rely on a handful of leadership additions, including former Indianapolis 500 winner Tony Kanaan and former IndyCar race director Brian Barnhart.
Trump naming former Wisconsin Rep. Sean Duffy to be transportation secretary
Duffy would replace Pete Buttigieg, the former presidential candidate and South Bend mayor, who has served in the position since 2021.
About 20% of Americans regularly get their news from social media influencers, report says
A virtually identical share of Republicans and Democrats regularly get their news from digital influencers who are more likely to be found on the social media platform X, according to a report by the Pew Research Center.
Regulators open 2 investigations into Ford over slow recalls
The largest of the probes covers about 457,000 Ford Bronco Sport SUVs and Maverick small pickups.
Spirit Airlines files for bankruptcy as financial losses pile up
The airline has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion in 2025 and 2026.
Judge blocks new Labor Department rule to expand overtime pay for millions
Trade groups argued the move would harm businesses and lead to costs that would potentially force employers to cut jobs or limit their workers’ hours.
Ball State fires football coach Mike Neu after 4 straight losing seasons
Neu spent nine seasons coaching the Cardinals, but only produced one winning season.
IU rewards Curt Cignetti for 10-0 start to season with 8-year contract
Cignetti has done what many thought impossible—leading the Hoosiers into the top five in the college football rankings and putting them on the precipice of a playoff spot in his first season.
General Motors lays off about 1,000 workers in cost-cutting move
GM and other automakers have been navigating an uncertain transition to electric vehicles both in the U.S. and worldwide, trying to figure out where to invest capital and how fast the switch will happen.
October’s retail sales report shows solid growth
One cautionary note is that grocery-store sales barely rose last month, a sign that many Americans might still be struggling to adapt to food prices that are still much higher than they were three years ago.
Advance Auto Parts closing hundreds of stores in effort to turn business around
The auto parts retailer, which has two dozen area stores, reported a loss of $6 million in its third quarter and lowered its full-year revenue outlook for the second consecutive quarter.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
After Powell’s cautious remarks Thursday, traders estimated the likelihood of a Federal Reserve rate cut in December at just below 59%, down from 83% a day earlier.
Appeals court rules Indiana’s ban on gender-transition care for minors can remain
A panel of judges ruled 2-1 that the law’s restrictions are within the purview of the Indiana General Assembly and do not infringe on the constitutional rights of transgender children, their parents or medical providers.
New FDA rules for TV drug ads: Simpler language and no distractions
TV remains the drug industry’s primary advertising format, with more than $4 billion spent in the past year, led by blockbuster drugs like weight-loss treatment Wegovy, according to ispot.tv, which tracks ads.
Republicans win U.S. House, giving Trump, GOP control of Congress
When he returns to the White House, President-elect Donald Trump will be working with a Republican Party that has been completely transformed by his “Make America Great Again” movement and a Supreme Court dominated by conservative justices, including three that he appointed.