Inflation is down, but Inflation Reduction Act doesn’t deserve credit, experts say
While price increases have cooled over the past year—the inflation rate has dropped from 9% to 3.2%—most economists say little to none of the drop came from the law.
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Popular weight-loss drugs might raise risk of complications under anesthesia
Some anesthesiologists in the U.S. and Canada say they’ve seen growing numbers of patients on the weight-loss drugs who inhaled food and liquid into their lungs while sedated.
McDowell dominates Brickyard 200 for 2nd NASCAR crown jewel victory
The 38-year-old Arizona driver who has made more than 450 career starts beat Chase Elliott across the yard of bricks by 0.937 seconds in the road-course race that had only one yellow flag.
McLaren boss tells team that IndyCar leader Palou reneged on contract
Alex Palou’s current IndyCar boss, Chip Ganassi, responded with a terse statement that criticized the management of McLaren Racing.
Dixon holds off hard-charging Rahal to win Indianapolis GP on record-breaking day
Dixon has won at least one race in 19 consecutive IndyCar seasons, extending his own record, and it came on the day he also broke Tony Kanaan’s previous series mark with his 319th consecutive start.
Indiana woman sentenced to 5-plus years in prison in COVID-19 fraud scheme
Prosecutors say Oluwatobi Seton and partners in Nigeria obtained people’s identities and used them to open GoBank accounts and debit cards. They then would apply for unemployment benefits in different states using the stolen identities the fraudulent accounts.
Wholesale inflation in U.S. edged up in July from low levels
Wholesale prices in the United States picked up in July, yet the numbers still suggested that inflationary pressures have eased this year since reaching alarming heights in 2022.
Overall U.S. inflation edges up, but core number’s rise holds steady
Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years.
Biden issues order restricting U.S. investments in Chinese technology
Senior administration officials said the effort stemmed from national security goals rather than economic interests, and that the categories it covered were intentionally narrow in scope.
Paper exams, chatbot bans: Colleges seek to ‘ChatGPT-proof’ assignments
Practically overnight, ChatGPT and other artificial intelligence chatbots have become the go-to source for cheating in college.
Yearlong slowdown in inflation might have stalled in July
Thursday’s inflation data will be among the key metrics the Federal Reserve will consider in deciding whether to continue raising interest rates.
COVID-19 hospitalizations rising again, but numbers far off previous peaks
With an updated vaccine still months away, this summer bump in new hospitalizations might be concerning, but the number of patients is far lower than those seen in past surges.
Pence says he’s met polling, donor qualifications for the first Republican debate
According to his campaign, former Vice President Pence has amassed 40,000 unique donors, checking off the final debate requirement set by the Republican National Committee.
Tensions rise in UAW contract talks with Stellantis as strike threat looms
The union is seeking more than 40% general pay raises over four years, restoration of pensions for newer hires, cost-of-living increases, an end to wage tiers, and other benefits.
Lundqvist returns to Meyer Shank for Indy’s second road course race of season
Saturday’s 85-lap race will be the series’ second on Indianapolis Motor Speedway’s road course this year and comes on the same weekend Xfinity and NASCAR drivers also compete on the track’s road course.
Inflation has steadily cooled, but hitting Fed’s target rate will be toughest mile
Squeezing out the last bit of excess inflation and reducing it to the Federal Reserve’s 2% target rate is expected to be a much harder and slower grind.
Simon & Schuster purchased by private equity firm for $1.62B
The acquisition comes months after a federal judge blocked Simon & Schuster’s purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market.
Thousands of U.S. flights grounded, 1.1M lose power as strong storms hit
The storms’ spread was massive, with tornado watches and warnings posted across 10 states. By late Monday afternoon, about 1,500 U.S. flights had been canceled and more than 7,000 delayed, according to flight tracking service FlightAware.
Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles
The Chapter 11 bankruptcy filed Sunday arrives just three years after Yellow received $700 million in pandemic-era loans from the federal government. Yellow has hundreds of workers in Indiana.
Tyson Foods closing 4 chicken processing plants, including one in Indiana
In a cost-cutting move, Tyson said it will shift production to other facilities and halt operations at the four plants in the first two quarters of fiscal 2024.