Indiana lawmakers return for session of spending decisions
The drafting of a new two-year state budget will be the primary focus, but debates over hot-button social issues could force their way to the forefront.
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Drugstores make slow headway on staffing problems
Drugstore chains are still trying to find enough employees to put a stop to temporary pharmacy closures.
McCarthy elected House speaker in rowdy post-midnight vote
Republican Kevin McCarthy was elected House speaker on a historic post-midnight 15th ballot early Saturday, overcoming holdouts from his own ranks.
Alzheimer’s drug that modestly slows disease OK’d by FDA
It’s the first drug that’s been convincingly shown to slow the decline in memory and thinking that define the disease. But the medication comes with downsides, including potentially serious side effects and the need for frequent drug infusions.
Twitter leak exposes 235 million email addresses from hack
While account passwords were not leaked, malicious hackers could use the email addresses to try to reset people’s passwords, or guess them if they are commonly used or reused with other accounts.
Cooler hiring, milder pay gains could aid inflation fight
America’s employers added a solid 223,000 jobs in December, but average hourly pay growth eased in December to its slowest pace in 16 months.
Signs of possible deal emerge in House speaker fight
The contours of a deal that could make Republican leader Kevin McCarthy the House speaker have begun to emerge after three grueling days and 11 failed votes in a political spectacle unseen in a century.
Startups face cautious investors amid economic woes
Many startups are attempting to find their wings at a time when consumers are tightening their belts and being more picky about how to spend their money.
Stellantis CEO says cost cuts necessary due to higher EV prices
Without cost reductions, EVs will be too expensive for the middle class, shrinking the market and driving costs up more, CEO Carlos Tavares told reporters Thursday at the CES gadget show in Las Vegas.
NFL: Bills-Bengals won’t resume; playoff scenarios revealed
Also, the NFL said playing the game between the Bills and Bengals would have required postponing the start of the playoffs by a week, and affecting all 14 teams that qualified for the postseason.
Southwest starts on reputation repair after cancellations
With its flights running on a roughly normal schedule, Southwest Airlines is now turning its attention to repairing its damaged reputation after it canceled 15,000 flights around Christmas and left holiday travelers stranded.
Bed Bath & Beyond warns about bankruptcy as sales plummet
“There is substantial doubt about the company’s ability to continue as a going concern,” the retailer said in a statement.
Andretti partners with General Motors for Cadillac F1 bid
Andretti said in Thursday’s announcement—the culmination of four months of negotiations with General Motors—that the American automaker provides the Andretti effort the additional value rival teams have argued new teams must bring to F1.
FTC proposes rule that would ban noncompete clauses
The FTC proposal is based on a preliminary finding that noncompete clauses quash competition in violation of Section 5 of the Federal Trade Commission Act. Section 5 bans unfair methods of competition.
Best of CES 2023: Wireless TV, delivery robots and in-car VR
Tech companies of all sizes are showing off their latest products in Las Vegas at CES, formerly known as the Consumer Electronics show.
U.S. auto sales fell 8% last year amid supply-chain woes, high prices
Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping to their lowest level in more than a decade.
Indiana governor proposes 6% boost for schools next year
Gov. Eric Holcomb’s plan would give K-12 schools their largest funding increase in more than a decade even amid worries about an expected slowdown in the growth of state tax collections.
Fed minutes: Officials cited strong hiring to justify hikes
Overall, the minutes showed that Federal Reserve officials remained determined to keep rates high to quell inflation and have taken little comfort from inflation’s decline from a peak of 9.1% in June to 7.1% in November.
U.S. job openings still high in sign of economic resilience
The high number of vacancies suggest the Fed will continue raising its benchmark interest rate at its coming meetings to quell inflation. Those higher rates will also raise the cost of mortgages, auto loans and other consumer and business borrowing.
Salesforce mum on how companywide cuts will affect Indy operations
The global cloud-computing giant revealed on Wednesday a major restructuring plan that will lay off about 10% of its employees and shrink its real estate footprint.