Fed’s favored inflation gauge shows cooling price pressures
The ongoing decline in inflation makes it even more likely that the Federal Reserve will cut its key benchmark rate further in the coming months.
Associated Press
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Attorneys tweak $2.78B college settlement, remove the word ‘booster’ from NIL language
The new language and replacement of the hazily defined “booster,” which has played a big role in the Indianapolis-based NCAA’s rulebook for decades, is designed to better outline which sort of deals will come under scrutiny under the new rules.
Google expert at antitrust trial says government underestimates competition for online ad dollars
The government’s case alleges Google has built and maintained an illegal monopoly that restricts choices and inflates costs for online publishers and advertisers.
Economy grew at solid 3% rate last quarter, government says in final estimate
Business investment increased at a vigorous 8.3% annual pace last quarter, led by a 9.8% rise in investment in equipment.
Steelworkers lose arbitration case against U.S. Steel in their bid to derail sale to Nippon
An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel, a deal that faces strong opposition from its workforce.
Indiana Fever eliminated from playoffs by Connecticut Sun
The loss prevents the Fever from returning home for a sold-out game Friday night in Indianapolis, where tickets on the secondary market were priced at hundreds to thousands of dollars.
Price of gold keeps climbing to unprecedented heights. Here’s why.
Gold hit another all time high this week. Recent gains for the precious metal are largely credited to ongoing economic uncertainty, geopolitical tensions and strong demand from central banks around the world.
Congress passes temporary bill to avoid shutdown as lawmakers punt spending decisions to December
Lawmakers in both chambers are anxious to return to their home states and districts to campaign, smoothing the path for passage of the temporary funding fix. But more arduous fiscal negotiations await them at the end of the year.
Fluoride in drinking water poses enough risk to merit new EPA action, judge says
Last month, a federal agency determined “with moderate confidence” that there is a link between higher levels of fluoride exposure and lower IQ in kids.
Alexander Rossi lands seat with Ed Carpenter Racing
Team owner Ed Carpenter, who had already scaled back to racing just ovals, will only run the Indy 500 next year in a third ECR entry.
Congress moving swiftly to fund government, avert shutdown
Congress is expected Wednesday to approve a temporary spending bill that would keep federal agencies funded when the new fiscal year begins next Tuesday.
Department of Justice sues Visa, alleges card issuer monopolizes debit card markets
According to the DOJ’s complaint, 60% of debit transactions in the United States run on Visa’s debit network, allowing it to charge over $7 billion in fees each year for processing those transactions.
American consumers feeling less confident as concerns about jobs take center stage
The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest month-to-month decline since August of 2021.
Four-day workweek advocate touts benefits of the trend
Companies exploring the option of letting employees work four days a week hope to reduce job burnout and retain talent seeking a better work-life balance, according to the chief executive of an organization that promotes the idea.
IndyCar finalizes charter system that doesn’t guarantee spots in Indianapolis 500
The initial agreement runs through the 2031 season and ensures the 25 chartered cars a starting spot in all IndyCar races except the Indianapolis 500.
Motel 6 sold to Indian hotel operator for $525M
The budget motel chain—which operates 10 hotels in the Indianapolis area—is being sold by New York-based investment firm Blackstone, which purchased the chain in 2012.
Clark named Rookie of Year, struggles in postseason debut as Fever fall to Sun
Indiana Fever star Caitlin Clark missed 10 of her first 11 shots after getting poked in the eye in the team’s 93-69 loss to the host Connecticut Sun on Sunday.
For home shoppers, Fed’s big rate cut is small step toward affording a home
While lower rates give home shoppers more purchasing power, a mortgage around 6% is still not low enough for many Americans struggling to afford a home.
Apple begins testing AI software designed to bring smarter Siri to iPhone
All the iPhone 16 models, with starting prices ranging from $800 to $1,200, are equipped to handle the new technology, which the company is marketing as “Apple Intelligence.”
Fever close regular season before record WNBA crowd, to meet Sun in playoffs
The Indiana Fever rested their starters for most of their final regular-season game Thursday night in Washington, D.C., allowing the host Mystics to pull out a 92-91 victory before a crowd of 20,711, the largest in WNBA regular-season history.