Weekly applications for jobless benefits fall to the lowest level in 4 months
Weekly filings for unemployment benefits, considered largely representative of layoffs, had risen moderately since May before this week’s decline.
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Teamsters union declines to endorse Harris or Trump for president
The International Brotherhood of Teamsters declined said neither candidate has sufficient support from the 1.3 million-member union.
Federal Reserve cuts key interest rate by a sizable half-point, signaling end to its inflation fight
The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.
Federal Reserve set to cut interest rates for first time in 4 years
At issue is how fast the Fed wants to lower interest rates to a point where they’re no longer acting as a brake on the economy—nor as an accelerant. Where that so-called “neutral” level falls isn’t clear.
GM offering adapters to help electric vehicle owners access Tesla chargers
The Detroit automaker said Wednesday that it is opening up access to more than 17,800 Tesla Superchargers for its customers, with the use of a GM approved NACS DC adapter.
WNBA awards Portland expansion franchise that will begin play in 2026
It’s the third expansion franchise the league will add over the next two years, with Golden State and Toronto getting the other two.
Iconic Tupperware Brands seeks Chapter 11 bankruptcy
In Tuesday’s bankruptcy petition, Tupperware reported more than $1.2 billion in total debts and $679.5 million in total assets. Shares for the company have fallen 75% this year and closed Tuesday at about 50 cents apiece.
Colts co-owner Kalen Jackson part of surge in women in pro football operations
Jackson said her father, Jim Irsay, made her feel welcome to work in the family business, instilling in her and her sisters a belief they belonged in a male-dominated industry that is seeing more growth for women.
Kroger, Albertsons prepare to make final federal court argument for their merger
The Federal Trade Commission argues the deal would eliminate competition and lead to higher food prices for already struggling customers.
U.S. retail sales ticked up last month in sign of ongoing consumer resilience
Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate.
TikTok face offs with Justice Department over law that could lead to ban
Before a panel of three judges at a federal appeals court, attorneys for the two sides—and content creators—were pressed on their best arguments for and against the law that forces the two companies to break ties by mid-January or lose one of their biggest markets in the world.
Herta wins in Nashville as Palou cruises to 3rd IndyCar season championship
Will Power’s seatbelt came loose minutes into the season-deciding finale Sunday at Nashville Superspeedway, dealing a huge blow Palou’s closest challenger.
Walgreens to pay $106M to settle allegations it submitted false payment claims for prescriptions
The pharmacy chain was accused of submitting false payment claims to Medicare, Medicaid and other federal health care programs between 2009 and 2020 for prescriptions that were processed but never picked up.
Fever’s Clark breaks WNBA’s single-season record for assists
Caitlin Clark is up to 321 assists in her first year in the WNBA, breaking the mark of 316 set last season by Alyssa Thomas of the Connecticut Sun.
Biden cracks down on loophole that enables tariff-free imports by Temu, Shein
Importers mainly from China have used the de minimis exemption for shipments of $800 or less to flood the U.S. market.
Biden administration releases plans for new minimum tax on large companies
The new federal tax guidelines arrive in the midst of a grueling election season, the outcome of which will shape a looming partisan battle in Washington over a set of soon-expiring tax cuts adopted in 2017 under President Donald Trump.
Ferrucci signs multi-year extension with resurgent Foyt IndyCar team
The deal with Santino Ferrucci was described as a multi-year extension and announced ahead of Sunday’s season-ending IndyCar race in Nashville.
UAW’s rift with Stellantis raises fear that some auto jobs could vanish
Anxious and angry about Stellantis’ delay, union leaders have threatened to strike, a move that could extend beyond Stellantis. Labor experts say its two Detroit-area rivals, Ford and General Motors, are watching as they weigh their own strategies
Campbell Soup latest big brand to condense its name
The 155-year-old food seller, which is most famous for its namesake canned soups, says it would now like to be known as Campbell’s Co.
Indiana judge rules against abortion providers fighting near-total ban
The providers—including the regional Planned Parenthood affiliate—had sought a permanent injunction to expand the near-total ban’s medical exemptions and to block its requirement that abortions can only be performed at hospitals.