Macy’s cuts full-year outlook in latest sign of retail slowdown
Macy’s is being swept up in a broader pullback in retail spending as consumers feel squeezed by rising prices and higher interest rates.
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TSA records busiest day since 2019 amid smooth holiday for air travel
The figures are an early sign of strong travel demand as summer arrives and an indication that the system is ready for heavy volumes of passengers, with few disruptions reported in recent days.
McCarthy, Biden race to woo lawmakers to pass debt ceiling package
The bill faces a tricky path to final passage, which must happen by June 5, when the federal government will exhaust funding to pay its bills.
The only place you can’t watch the Indy 500 on live TV? Indy
Evening viewing of the Indianapolis 500 is a ritual in central Indiana, even for those who attended the race in person. And track officials say the blackout is necessary to protect the spectacle of the race.
House votes to overturn Biden’s student loan-forgiveness program
The measure would also end the pause on federal student loan payments, a policy first introduced by the Trump administration in response to the coronavirus pandemic more than three years ago.
Commanders unlikely to be penalized for Andrew Luck tampering allegation
There probably is “not enough hard evidence” of impermissible contact for the Commanders to be penalized, one of the people with knowledge of the case said.
White House, GOP pause debt-ceiling negotiations
The pause in talks is widely seen on Capitol Hill as a potential negotiating ploy from leaders aimed at assuring their bases that they are fighting aggressively for their sides’ priorities.
Why birds and their songs are good for our mental health
Birds provide a way to connect us to nature. And even if they are hidden in trees or in the underbrush, we can still revel in their songs
Spurs win NBA draft lottery; Pacers to pick seventh
In the NBA’s most anticipated lottery drawing of the past 20 years, the San Antonio Spurs emerged as the winner of the Victor Wembanyama sweepstakes Tuesday.
End of a love affair: Automakers eliminating AM radio from many new cars
Some radio station owners and advertisers contend that losing access to the car dashboard will indeed be a death blow to many of the nation’s 4,185 AM stations.
Supreme Court upholds California law on humane pork sales
Pork producers said the law could force industry-wide changes and raise the cost of bacon and other pork products nationwide.
New cars, once part of American dream, now out of reach for many
The average price of a new vehicle in the United States has risen 30 percent over the past three years, according to Kelley Blue Book, pricing more Americans out of the new car market.
Weight-loss brand Jenny Craig to close down operations
The weight loss and nutrition business has shut down after four decades of operation after failing to secure additional financing. Jenny Craig lists three weight-loss centers in Indianapolis.
Debt ceiling breach could wipe out 8 million jobs, White House says
The White House Council of Economic Advisers compared the potential economic impact of a debt ceiling breach to the 2008 Great Recession, in which economic growth contracts sharply and unemployment surges.
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.
As Fed examines banking woes, small businesses already feel the crunch
All over the country, small-business owners are feeling the early consequences of this spring’s banking crisis, which spanned two chaotic weeks in March and is still ricocheting through the economy.
DeJoy: U.S. Postal Service plans to keep raising prices
Postmaster General Louis DeJoy says his plan to dramatically increase postage rates could spell trouble for some businesses relying on mailing and shipping costs that have been kept low at the expense of the Postal Service’s financial stability.
Here’s what the Supreme Court abortion pill ruling means and what’s next
The Supreme Court has preserved full access to mifepristone, a key abortion medication, while a lower court considers whether to restrict when and how the drug should be prescribed.
Amazon HQ2 was thought up pre-pandemic, but the world is hybrid now
Amazon first announced its plans for its second headquarters in fall 2018, but the pandemic has thrown them into disarray as white-collar workers traded their commutes for their living rooms.
COVID vaccines to remain free to uninsured under Biden plan
The $1.1 billion program, funded by the Department of Health and Human Services, would allow officials to purchase coronavirus vaccine doses for uninsured Americans after the current federal supply is exhausted.