Fewer Americans apply for jobless benefits as labor market still showing strength
Since the pandemic purge of millions of jobs three years ago, the U.S. economy has added jobs at a breakneck pace and Americans have enjoyed unusual job security.
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Walmart shines in rough retail environment, ratchets up outlook
Walmart reported strong first-quarter sales results as the nation’s largest retailer’s pledge of lower prices continues to draw budget-conscious consumers.
Federal Reserve officials split over what to do next to fight inflation
The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes.
Supreme Court sides with Google, Twitter, but avoids ruling on broader protections
The justices unanimously rejected a lawsuit alleging that the companies allowed their platforms to be used to aid and abet an attack at a Turkish nightclub that killed 39 people in 2017.
EPA rule could force clean-up of toxic coal ash in landfills, power plant ponds
More than a third of coal ash sites are in five states, Indiana, Illinois, Ohio, Pennsylvania and Kentucky, according to data compiled by Earthjustice.
New rule targets college programs that leave grads with low income, high debt
The rule is expected to put many for-profit college programs in jeopardy. At not-for-profit colleges, it would have no effect beyond certificate programs, which often focus on career training.
Target see lower profit as theft, consumer caution grows
Target said theft is cutting into its bottom line and it expects related losses could top $1.2 billion this year after an estimated $700 to $800 million in losses from theft last year.
Graham Rahal wants father’s team to improve before deciding IndyCar future
The 34-year-old son of 1986 Indy 500 winner Bobby Rahal is in a contract year and said Tuesday he’d maybe retire if a competitive seat isn’t in his future.
ESPN announces ‘Pat McAfee Show’ will join afternoon lineup
McAfee, who punted for the Colts from 2009 to 2016, is owner of Indianapolis-based digital media production company Pat McAfee Inc.
‘Taco Tuesday’ trademark tiff flares anew between fast food competitors
Declaring a mission to liberate “Taco Tuesday” for all, Taco Bell is asking U.S. regulators to force Wyoming-based Taco John’s to abandon its longstanding claim to the trademark.
Retail sales up modest 0.4%, buoyed by online, dining spending
Consumers are facing plenty of challenges heading into the second half of the year from tightening credit to a weaker job market.
Pence allies launch super PAC to back his expected 2024 presidential candidacy
The launch is the latest sign that former Vice President Mike Pence is moving ahead with his expected bid for the GOP nomination—a move that would put the former Indiana governor in direct contention with his former boss, former President Donald Trump.
Biden, congressional leaders to meet over debt limit as McCarthy pushes for faster deal
The president and House Speaker Kevin McCarthy are trying to strike a budget deal before the U.S. Treasury runs out of cash to keep paying the nation’s bills, which could occur as soon as June 1.
Repelled by high prices, Americans holding on to vehicles longer than ever
The average age of a passenger vehicle on U.S. roads hit a record this year, according to data gathered by S&P Global Mobility.
COVID era of big spending gives way to new focus on deficit
While the White House has threatened to veto Republican House Speaker Kevin McCarthy’s debt ceiling bill with its “devastating cuts” to federal programs, the administration has signaled a willingness to consider other budget caps.
AI presents political peril for voters in 2024: ‘We’re not prepared for this’
Generative AI can not only rapidly produce targeted campaign emails, texts or videos, it also could be used to mislead voters, impersonate candidates and undermine elections on a scale and at a speed not yet seen
Race teams ask NASCAR for ‘meaningful’ talks as dispute skids toward summer
The fight between NASCAR and its teams over a new revenue model prompted the owners of 16 chartered organizations to send a letter to NASCAR’s board of directors requesting “meaningful dialog” regarding the franchise model system.
Musk confirms Twitter’s new CEO is ad guru Linda Yaccarino from NBCUniversal
Yaccarino has worked at NBCUniversal for nearly 12 years—with her team generating more than $100 billion in ad sales since 2011, her company bio notes.
Feds start process to fund tech hubs across U.S. with $500M in grants
The grants are intended to expand tech investment that currently is concentrated around a few U.S. cities—Austin, Texas; Boston; New York; San Francisco; and Seattle—to the rest of the country.
Favre ends suit after Pat McAfee apologizes for ‘stealing from poor’ remark
In a lawsuit filed in a Mississippi court in February, Brett Favre’s attorneys wrote McAfee had used “outrageous falsehoods” that included calling Favre a “thief” who was “stealing from poor people in Mississippi.”