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.
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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.
Mike Pence to launch campaign for president in Iowa next week
The former Indiana governor’s campaign is expected to lean heavily on town halls and retail stops aimed at showcasing his personality as he tries to emerge from former President Donald Trump’s shadow.
CEO pay hikes at S&P 500 companies slowed in 2022
Pay disparity between chief executives and rank-and-file workers, which has been widening for years, narrowed only slightly.
U.S. job openings rise unexpectedly to highest mark since January
The resilience of the American labor market continues to complicate the Federal Reserve’s efforts to fight inflation.
Debt ceiling package heading toward crucial U.S. House vote
President Joe Biden and Speaker Kevin McCarthy are assembling a coalition of centrist Democrats and Republicans to push the package to passage over fierce blowback from conservatives and some progressive dissent.
As Supreme Court considers affirmative action, colleges see few other ways
As the Supreme Court decides the fate of affirmative action, colleges nationwide are bracing for setbacks that could erase decades of progress on campus diversity.
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.
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.