U.S. applications for jobless benefits highest since October 2021
Despite last week’s sharp increase in filings for unemployment aid, some analysts cautioned against concluding that layoffs are picking up across the economy.
Associated Press
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Ryan Hunter-Reay to return to IndyCar as Conor Daly replacement
Hunter-Reay was out of IndyCar last season but returned this year for the Indy 500 and finished 11th. He will make his debut in the No. 20 Chevrolet next weekend at Road America.
Jack Swarbrick to step down as Notre Dame’s athletic director
Before his 16-year run at the University of Notre Dame, Swarbrick was a prominent attorney in Indianapolis who served as chairman of the Indiana Sports Corp. He helped convince the NCAA to relocate its headquarters to Indianapolis and the NFL to hold the Super Bowl in Indianapolis in 2012.
Millions breathing hazardous air as smoke from Canada streams over U.S.
Smoke from Canadian wildfires poured into the U.S. East Coast and Midwest on Wednesday, covering the capitals of both nations in an unhealthy haze, holding up flights at major airports and postponing Major League Baseball games.
Colts keep Rodgers out of practice as NFL investigates gambling allegations
Indianapolis Colts cornerback Isaiah Rodgers Sr. did not practice with his teammates Wednesday. It’s unclear when—or if—he’ll return.
Conor Daly parts ways with Ed Carpenter Racing
Ed Carpenter Racing on Wednesday said it will announce a new driver for the No. 20 Chevrolet by IndyCar’s next race.
‘Skip’ or ‘pause’? Fed unlikely to raise rates next week, but maybe next month
When the Federal Reserve meets next week, it is widely expected to leave interest rates alone—after 10 straight meetings in which it has jacked up its key rate to fight inflation. But that doesn’t mean its done with hikes.
Ex-Indiana attorney general Curtis Hill eyes GOP governor’s race
Hill built a following among social conservatives during his time in office and his entry into the governor’s race could further complicate what already is shaping up to be an expensive fight for the Republican nomination.
Federal judge calls Indiana AG’s TikTok lawsuit largely ‘political posturing’
The fate of the Indiana attorney general’s lawsuit against the social media company TikTok appears to be in danger after a federal judge lambasted much of the case.
UPDATE: Colts player under investigation by NFL for gambling activity
According to ESPN, 100 or so bets were placed under sportsbook account belonging to an associate of a Colts cornerback, with most of the bets in the $25-$50 range and some made on Colts games.
Former Vice President Pence files paperwork launching 2024 presidential bid
While he frequently lauds the accomplishments of the “Trump-Pence administration,” a Mike Pence nomination in many ways would be a return to positions long associated with the Republican establishment but abandoned as Trump reshaped the party in his image.
Apple expected to unveil sleek, pricey headset
A pair of goggles—perhaps called “Reality Pro,” according to media leaks—could become another milestone in Apple’s history of releasing game-changing technology.
Saudi Arabia slashing oil supply, could drive up gas prices
The Saudi cut of 1 million barrels per day, to start in July, comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
Justice Department says it won’t charge Pence over classified documents
No evidence ever emerged suggesting that Pence intentionally hid any documents from the government or even knew they were in his suburban Indianapolis home.
Wave of retirements leaving some U.S. industries desperate to hire
Since 2019, the proportion of retirees in the U.S. population has risen from 18% to nearly 20%—equivalent to about 3.5 million fewer workers. And the trend seems sure to accelerate.
Purdue’s Edey returning to school instead of staying in NBA Draft
National player of the year Zach Edey decided it was the right call to go back to school instead of playing in the NBA.
Amazon to pay $30M to settle privacy issues over Alexa, Ring cameras
The Federal Trade Commission voted to file charges in two separate cases Wednesday that could also force the company to delete certain data collected by its popular internet-connected devices.
Fan whose car was damaged by flying tire at Indy 500 to get new ride
The wheel came off with less than 20 laps to go in Sunday’s race when Felix Rosenqvist and Kyle Kirkwood collided. Kirkwood’s left rear tire bounced over the fence and the corner of the grandstand before landing in a parking lot.
House OKs debt ceiling bill, sends Biden-McCarthy deal to Senate
The hard-fought deal to avoid a default crisis pleased few, but lawmakers assessed it was better than the alternative—a major economic upheaval if Congress failed to act.
Fed likely to skip interest-rate hike in June, officials signal
Leading Federal Reserve officials are sending out stronger signals that they will forego an increase at the central bank’s next meeting, though they indicate hikes could resume later this year.