U.S. consumer confidence declines for 4th time in 5 months
Consumer confidence fell in May as Americans became more pessimistic about the labor market, on top of elevated anxiety over inflation.
Associated Press
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Newgarden earns record $3.6M for Indy win; Pedersen gets rookie of year honor
Indy’s total purse of $17,021,500 broke last year’s mark by more than $1 million.
Penske: IndyCar sure to investigate wheel that flew over stands from Indy 500 wreck
The owner of the Chevrolet that took the brunt of the damage from the flying wheel was treated with a chance to kiss the yard of bricks and got a ride home from the track’s president.
Ericsson left to rue IndyCar’s decision on white-checkered finish
It was the fourth-closest finish in Indy 500 history, and one that will no doubt be discussed for years to come.
Josef Newgarden gives Roger Penske his 19th win in dramatic Indianapolis 500
“Finally,” Newgarden said after pouring milk over his head. “I’m elated to get it to finally work out.”
Indy 500 arrives with clear favorites, plenty of off-the-radar spoilers
Looking for a surprise contender? Other drivers say Agustín Canapino, one of the most popular athletes in Argentina, who is making his Indy 500 debut.
Ganassi vs. McLaren headlines Indianapolis 500 title fight, some 300,000 fans expected
It has become the best rivalry in IndyCar, the one between Chip Ganassi himself and Zak Brown, the head of McLaren Racing.
Sato paces strong Ganassi contingent in final Indianapolis 500 practice
Sato turned a fast lap of 227.855 mph early in the session, and teammate Scott Dixon was right behind with pole sitter Alex Palou fourth on the speed chart.
Inflation measure closely tracked by Federal Reserve increased in April
Friday’s report from the government showed that despite rising prices, consumers remain willing to spend.
Biden, McCarthy narrow in on budget deal to lift debt ceiling
The Democratic president and Republican speaker hope to strike a budget compromise this weekend. Any deal would need to be a political compromise, with support from both Democrats and Republicans to pass the divided Congress.
Indiana doctor reprimanded for talking publicly about 10-year-old’s abortion
The state Medical Licensing Board rejected accusations from Indiana’s Republican attorney general that Dr. Caitlin Bernard violated state law by not reporting the child abuse to Indiana authorities.
Indianapolis 500 rally marked by brisk ticket sales, fewer empty seats
Actual ticket sales—and the number of existing permanent seats—remain one of the sports world’s greatest mysteries because those numbers are not publicly released. But IndyCar teams and drivers don’t need attendance figures to know how much has changed.
Debt ceiling talks teeter on brink, as lawmakers leave for weekend without deal
Lawmakers are tentatively not expected back at work until Tuesday, just two days from June 1, when Treasury Secretary Janet Yellen has said the U.S. could start running out of cash to pay its bills and face a federal default.
Supreme Court limits federal power over wetlands, boosts property rights over clean water
The outcome almost certainly will affect ongoing court battles over new wetlands regulations that the Biden administration put in place in December. Two federal judges have temporarily blocked those rules from being enforced in 26 states.
NCAA tax records show ex-president Emmert paid nearly $3.3M in 2021
Overall, NCAA revenue increased 10% in the 2021-22 fiscal year, while its expenses rose 16%.
Big crowds expected for the summer travel season—and big prices, too
For the travel industry, the big question is how long consumers can keep paying for airline tickets and accommodations while they deal with stubborn high inflation, news about layoffs and bank failures, and fear of a recession.
After years of struggling, A.J. Foyt Racing has cars to contend in Indy 500
A.J. Foyt Racing hasn’t had a car on the podium since 2019 and its last victory came a decade ago. But major changes in the offseason are expected to make the team competitive in the Indianapolis 500.
Ford changes tune, to keep AM radio on 2024 models
Ford CEO Jim Farley said the company is reversing a decision to scrub AM after speaking with government policy leaders who are concerned about keeping emergency alerts.
White House unveils new efforts to guide federal research of AI
The U.S. government and private sector in recent months have begun more publicly weighing the possibilities and perils of artificial intelligence.
U.S. rejects $200M grant to battery maker over alleged ties to China
The company is building a battery plant in Tennessee and was in talks with the Energy Department for a $200 million grant funded through the 2021 infrastructure law.