Biden administration moving toward narrower student loan relief plan
The Education Department on Monday released a draft of new federal rules paving the way for a second federal attempt at loan relief.
Associated Press
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Food delivery business Yelloh, formerly Schwan’s, to lay off 750 employees
The company plans to close 90 delivery centers nationwide while concentrating its delivery business on 18 states, including Indiana.
GM reaches tentative agreement with UAW, potentially ending 6-week strike
The contract with General Motors is similar to those reached by Ford and Stellantis, but there are some differences.
For second straight Halloween, candy inflation hits double digits
Candy giant Hershey Co.—which has raised its prices by 7% or more in each of the last seven quarters—acknowledged this week that higher prices are taking a toll on demand.
UAW escalates strike against lone holdout GM
The escalated walkout began Saturday evening at a Spring Hill, Tennessee plant, GM’s largest in North America. Its nearly 4,000 workers join about 14,000 already striking at GM factories in Texas, Michigan and Missouri.
Moms for Liberty unexpectedly finds itself at center of Carmel mayoral race
The polarizing nature of Moms for Liberty, which has gained name recognition for its push to pack school boards with its endorsements, has spurred some left-leaning political candidates to capitalize on opposition to the group and stir voters against their conservative opponents.
UAW and Stellantis reach tentative contract deal as union adds strike at Tennessee GM factory
The pact includes 25% in general wage increases over the next 4 1/2 years for top assembly plant workers, with 11% coming once the deal is ratified.
Pence quits presidential race after struggling to gain traction
Former Vice President Mike Pence is the first major candidate to leave a race that has been dominated by his former boss-turned-rival, Donald Trump, and his struggles to underscore just how much Trump has transformed the party.
Poll: Many Americans say household expenses outpacing earnings
About three-quarters of Americans describe the nation’s economy as poor, which is in line with measurements from early last year.
U.S. consumers still spending briskly in face of persistent inflation, high interest rates
September’s month-to-month price increase exceeds a pace consistent with the Fed’s 2% annual inflation target, and it compounds already higher costs for such necessities as rent, food and gas.
General Motors, Stellantis in talks with UAW to reach deals that mirror Ford’s
GM is likely to be the next company to settle because it has agreed to pull new electric vehicle battery factories into the UAW’s national contract, which essentially unionizes them.
Pacers keeping coach Rick Carlisle on board with multiyear contract extension
Carlisle returned to the Pacers as head coach in 2021 after previously spending four seasons leading Indiana from 2003-07.
U.S. economic growth accelerated to 4.9% rate last quarter
The nation’s economy expanded at a robust annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.
Water-guzzling companies struggle to reach sustainability goals
Powerhouse companies such as Coca-Cola, General Mills and Amazon have set water-sustainability targets but aren’t close to meeting them.
NBA All-Star events in Indianapolis expected to have $320M economic impact
During a press conference Wednesday to discuss the 2024 NBA All-Star Game in Indianapolis, NBA Commissioner Adam Silver said the All-Star game will return to its classic Eastern Conference-vs.-Western Conference format with a traditional game.
New organic rules from USDA tighten restrictions on livestock, poultry producers
John Brunnquell, president of Indiana-based Egg Innovations, one of the nation’s largest free-range and pasture-raised egg operations, said the new rules should make his business more competitive.
UAW reaches deal with Ford in breakthrough toward ending strikes
The four-year deal, which still has to be approved by 57,000 union members at Ford, could set the pattern for agreements with General Motors and Stellantis.
Mike Johnson elected House speaker with broad GOP support
The deeply religious and even-keeled Johnson has few foes and an important GOP backer: Donald Trump.
Visa profit surges as consumers turn up reliance on digital payments
Payments processing giant Visa has benefitted from a fundamental change in consumer behavior that has led to the broad acceptance of digital payments, as well as from the growth in online shopping.
Colts QB Anthony Richardson undergoes season-ending shoulder surgery
Team owner Jim Irsay said in a social-media post that the lengthy procedure took place in Los Angeles and doctors found what they expected. He said Richardson is doing well.