Powell signals Federal Reserve to move slowly on interest rate cuts
Jerome Powell’s approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
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CVS Health subsidiary Omnicare files for bankruptcy protection
The filing comes two months after the long-term care business was ordered to pay $949 million when a federal court found it liable for filing fraudulent claims for some prescription drugs.
Jury to look at whether Amazon tricked customers into joining Prime—and made it hard to leave
The Federal Trade Commission sued Amazon in U.S. District Court in Seattle two years ago and has alleged more than a decade of legal violations. A trial begin this week.
Trump administration seeks to redistribute $2.4B pulled from California’s high-speed railroad
The administration wants to use the money for a new $5 billion program announced Monday to fund rail projects to boost passenger rail traffic nationwide.
Spirit Airlines to furlough 1,800 flight attendants amid second bankruptcy
Known for its bright yellow planes and no-frills service, Spirit has had a rough ride since the COVID-19 pandemic, struggling to rebound amid rising operation costs and its mounting debt.
White House says it blocked U.S. Steel’s decision to stop processing steel at Illinois plant
U.S. Steel reversed course and said it would continue to supply raw steel slabs to Granite City “indefinitely” and that it had “found a solution to continue slab consumption at Granite City.”
Pfizer amps up push into obesity treatments with $4.9B deal for Metsera
Demand for obesity treatments has soared recently, due to unprecedented weight loss provided by regular injections of market leaders Wegovy from Novo Nordisk and Zepbound from Indianapolis-based Eli Lilly and Co.
Google faces antitrust déjà vu as US seeks to break up its digital advertising business
The federal trial will revolve around the conduct that resulted in U.S. District Judge Leonie Brinkema declaring parts of Google’s digital advertising technology to be an illegal monopoly.
White House says $100K H-1B visa fee won’t apply to existing holders
India’s government expressed concern Saturday that the Trump administration move would dramatically raise the fee for visas that bring tech workers to the United States. More than 70% of H-1B visa holders are from India.
Trump reveals Murdochs, Dell could potentially take part in TikTok deal
Congress passed legislation calling for a TikTok ban to go into effect in January, but President Trump has repeatedly signed orders that have allowed it to keep operating in the United States.
Kelsey Mitchell scores 34 points, leads Fever to Game 1 upset road win over Aces
The semifinals playoff series has one more game in Las Vegas before moving to the Fever’s home court for Game 3, which tips off at 7:30 p.m. Friday at Gainbridge Fieldhouse.
Caitlin Clark says she was fined $200 for social media post about referees
The Fever’s All-Star guard posted on social media Saturday that she was fined $200 for tweeting “Refs couldn’t stop us” after Indiana’s Game 2 win over Atlanta in the first round of the playoffs.
WWE’s Wrestlepalooza debuts on ESPN Unlimited, but which fans will need to pay extra?
WWE’s partnership with ESPN begins Saturday with Wrestlepalooza from Indianapolis.
Treasury releases new proposals for ‘no tax on tips’
The agency on Friday submitted possible guidance that includes greater detail on the occupations covered by the rule and who will qualify and what counts as a “qualified tip.”
House passes bill to avoid partial government shutdown, but prospects in Senate look dim
Democratic leaders are adamantly opposed to the bill and are threatening a government shutdown if Republicans don’t let them have a say on the measure.
Trump, Xi set to discuss TikTok deal and future of US-China relations
The call might offer clues about whether the two leaders could meet in person to hash out a final agreement to end their trade war and provide clarity on where relations between the world’s two superpowers may be headed.
UPDATE: Fever pull off upset in Atlanta, advance to semifinals of WNBA playoffs
Indiana will host at least one and possibly two games in the best-of-five semifinal playoff series.
Pete Buttigieg rallies against redistricting in former home state of Indiana
A large crowd gathered inside the Indiana Statehouse on Thursday afternoon to see the former presidential candidate speak.
FTC sues Ticketmaster, saying it forces fans to pay more for concerts and events
Ticketmaster controls 80% or more of major U.S. concert venues’ primary ticketing, according to the FTC.
Uber Eats to launch drone meal delivery in partnership with Flytrex
The companies expect to begin deliveries in test markets by the end of this year.