Used-car prices, after finally easing, are back up again
With the supply of used vehicles failing to keep up with robust demand, prices are creeping up again, with signs pointing to further increases ahead.
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500 winner Ericsson intends to stay in IndyCar title picture
Winning in weird ways could be part of the reason why Ericsson doesn’t get the championship consideration he craves, but he believes eeking out victories under strange circumstances is a show of strength for his team.
House GOP pushes sprawling bill to ‘unleash’ American energy
The massive GOP bill up for a vote Thursday would sharply increase domestic production of oil, natural gas and coal, as well as critical minerals such as lithium, nickel and cobalt that are used in electric vehicles, computers and cellphones.
NFL hits highs in diverse executives, lacks in head coaches
The league has reached milestone points in diverse hirings in the front office, but critics point to the sidelines where there are only three Black head coaches in a sport that had 56.4% Black players in 2022.
Congressional hearing targets ‘NIL chaos’ in college sports
College sports leaders have been calling for help in the form of a federal law to bring uniform regulation to the way athletes can earn money off their fame with sponsorship or endorsement deals.
Women making case in tourney for own March Madness TV deal
Women’s basketball seems to have found a winner with its new Sweet 16 format in March Madness, and the timing couldn’t be better with looming TV contract negotiations on the horizon.
Musk, Wozniak, other tech leaders call for halt to AI race sparked by ChatGPT
More than 1,100 people in the industry signed the petition, which warns that AI systems with “human-competitive intelligence can pose profound risks to society and humanity.”
Biden starts democracy summit with $690M pledge for programs
The Biden administration wants to use the two-day summit that begins Wednesday to zero in on making “technology work for and not against democracy,” according to a senior administration official.
Boy Scouts’ $2.4 billion bankruptcy plan upheld by judge
The plan would let the organization keep operating while it compensates tens of thousands of men who say they were sexually abused as children while involved in Scouting.
U.S. renewable electricity surpassed coal in 2022
Growth in wind and solar significantly drove the increase in renewable energy and contributed 14% of the electricity produced domestically in 2022.
Fed official: Bank rules under review in wake of SVB failure
Michael Barr, the nation’s top banking regulator, said during a Senate Banking Committee hearing that the Federal Reserve is considering whether stronger bank rules are needed to prevent a similar bank failure in the future.
Indiana bill banning gender-transition care for minors sent to governor
The bill would prohibit transgender youth under 18 from accessing hormone therapies, puberty blockers and surgeries in the state.
U.S. to adopt new restrictions on using commercial spyware
The order responds to growing U.S. and global concerns about programs that can capture text messages and other cellphone data. Some programs—so-called “zero-click” exploits—can infect a phone without the user clicking on a malicious link.
Troubled Silicon Valley Bank to be acquired by First Citizens
While more than half of Silicon Valley’s assets will remain in U.S. receivership, the First Citizens deal announced late Sunday, at least initially, seemed to achieve what regulators have sought: a shoring up of trust in U.S. regional banks.
Huge school voucher expansion faces questions in Senate
The expansion backed by Indiana House Republicans could cost more than $500 million over the next two years—nearly one-third of the total proposed school funding increase—by raising the income limit to qualify for state money toward private school tuition.
Gap grows between TikTok users, lawmakers on potential ban
On the one side are dozens of lawmakers on Capitol Hill issuing dire warnings about security and possible Chinese surveillance. On the other are some 150 million TikTok users who just want to be able to keep making and watching short, fun videos.
Twitter say parts of its source code leaked online
The leak creates more challenges for billionaire Elon Musk, who bought Twitter last October for $44 billion and took the company private. Since then, it has been engulfed in chaos, with massive layoffs and advertisers fleeing.
Indiana native wins close race to lead United Auto Workers union
A court-appointed monitor declared challenger Shawn Fain the winner over incumbent Ray Curry. Fain’s slate of candidates won control of the big union, as workers rejected most incumbents in the wake of a bribery and embezzlement scandal.
Fed’s unwanted ally in bid to tame inflation: Credit crunch
Signs of a possible credit crunch in the United States had begun to emerge even before Silicon Valley Bank collapsed on March 10, raising worries about the stability of the financial system.
New Starbucks CEO plans to work in stores monthly
Laxman Narasimhan, the new CEO of Starbucks, has spent the last six months immersing himself in Starbucks, earning his barista certification as well as visiting stores, farms and manufacturing centers across the world.