U.S. prices remain high, showing inflation pressures persist
The nation’s inflation rate has steadily cooled since peaking at 9.1% last June but remains far above the Federal Reserve’s 2% target rate.
Associated Press
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Indiana gas tax set to rise again this summer
The annual increase was set to expire in 2024, but it was extended until 2027 with a little-discussed provision included in the state budget bill.
Indiana elections chief criticized for CPAC Hungary trip
Republican Secretary of State Diego Morales’ office said his trip to the Conservative Political Action Conference in Hungary on Thursday and Friday didn’t disrupt any election-related actions by the office.
Tempur Sealy to buy Mattress Firm in $4 billion deal
Mattress Firm lists at least 17 retail outlets in Indianapolis and surrounding suburbs.
Americans have bet $220B on sports in 5 years since legalization
Two-thirds of the country now offers legal sports betting, with additional states likely to join in coming months or years.
Banks report tougher credit standards in wake of failures
A Federal Reserve report shows that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures. It’s a trend that could slow the economy in coming months.
Indiana judge deals blow to state’s lawsuit against TikTok
The decision denied the request from Attorney General Todd Rokita for an order preventing TikTok from stating on app stores that it has “none” or “infrequent/mild” references to drugs, sexual or other inappropriate content for children as young as 12.
Colts owner warns NFL teams about tampering with former QB Luck
Jim Irsay made it clear in a Twitter post late Sunday night following a weekend report from ESPN that the Washington Commanders attempted to find out in 2022 whether the four-time Pro Bowler would consider making a comeback.
Congress eyes new rules for tech: Here’s what’s under consideration.
Tech regulation is gathering momentum on Capitol Hill as concerns skyrocket about China’s ownership of TikTok and as parents navigating a post-pandemic mental health crisis.
U.S. to propose new rules for airline cancellations, delays
The aim of the rules would be, for the first time, to require airlines to pay compensation beyond a ticket refund and to cover expenses that consumers incur if the airline causes a cancellation or significant delay.
Yellen: ‘No good options’ if Congress fails to act on debt
Treasury Secretary Janet Yellen’s comments added even more urgency to a high-stakes meeting Tuesday between President Joe Biden and congressional leaders from both parties.
TurboTax customers to receive checks for $141M settlement
Millions of Americans who qualified for free tax services—but were instead deceived into paying TurboTax for their returns—will soon get settlement checks in the mail.
U.S. adds a solid 253,000 jobs despite Fed’s rate hikes
April’s hiring gain compares with 165,000 in March and 248,000 in February and is still at a level considered vigorous by historical standards.
Holcomb signs 91 more bills, finishes session without veto
Thursday’s final batch included the new two-year $44 billion state budget that includes a broad expansion of the private school voucher program.
United plans to hire 15,000, adding to surge in airline jobs
Airlines are trying to avoid a rerun of last year, when they were caught unprepared for a rapid recovery in air travel.
Regulators: Facebook misled parents, failed to guard privacy of children
The Federal Trade Commission on Wednesday proposed sweeping changes to a 2020 privacy order with Facebook—now called Meta. The FTC said the company has failed to fully comply with the order. Meta called the announcement a “political stunt.”
Hate passwords? Google plans to sideline them with passkeys
Passkeys are designed to offer a safer alternative to passwords and texted confirmation codes. Here’s what you need to know.
Scientists warn of AI dangers but don’t agree on solutions
Computer scientists who helped build the foundations of today’s artificial intelligence technology are expressing concerns, but that doesn’t mean they agree on what the dangers are or how to prevent them.
McDonald’s franchisees fined for child labor violations
Federal officials say two 10-year-olds are among the 300 children who worked for three separate franchisees that operate a total of 62 McDonald’s locations across Kentucky, Indiana, Maryland and Ohio.
Fed raises key rate, but hints it might pause amid bank turmoil
The Federal Reserve said it will consider a range of factors in “determining the extent” to which future hikes might be needed.