U.S. filings for jobless aid lowest since April
The job market has withstood aggressive rate hikes by the Federal Reserve as the Fed attempts to cool the economy and bring down inflation.
Associated Press
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Funding-boost bill for Indiana public health program advances
State Health Commissioner Dr. Kristina Box, several medical organizations and business groups urged lawmakers to support the plan, pointing to Indiana’s poor national rankings in areas such as smoking, obesity and life expectancy.
Ten states mull cross-border rules to tackle teacher shortage
The Interstate Teacher Mobility Compact would effectively allow teaching licenses to be viable across members of the compact, cutting through the current 50-state patchwork of disparate requirements.
Republican-led committee targets COVID relief fraud for review
More than 1,000 people have pleaded guilty or have been convicted on federal charges of defrauding myriad COVID-19 relief programs that Congress established in the early days of the pandemic.
Fed lifts rate by quarter-point and signals more hikes ahead
The Fed’s latest move, though smaller than its previous hike—and even larger rate increases before that—will likely further raise the costs of many consumer and business loans and the risk of a recession.
IndyCar preseason set to start without Lights winner Lundqvist
The start of a new IndyCar season is looming with a field that will include four rookies, but Linus Lundqvist, the reigning Indy Lights champion, isn’t one of them.
Tech industry job cuts come rapidly, in big numbers
In just the past month, there have been about 50,000 job cuts across the technology sector. Here’s a look at some of the companies that have announced recent layoffs.
Lawmakers aim to raise penalties for airline disruptions
Senators who want to impose tougher penalties when airlines strand or delay passengers say they finally might be able to turn their ideas into law because of outrage over debacles like the one at Southwest Airlines in December.
U.S. consumer confidence lags as 2023 gets under way
American consumers are kicking off 2023 a bit less confident than they were at the end of last year as inflation and the possibility of a recession loom.
Indiana justices decline to immediately hear abortion case
The state Supreme Court issued an order Monday saying the state Court of Appeals will first consider the case, after a lower court judge in December sided with residents who claim the state’s abortion ban infringes on their religious beliefs.
U.S. wage growth slowed in the final quarter of 2022
Pay and benefits for America’s workers grew at a healthy but more gradual pace in the final three months of 2022, the third straight slowdown that could help reassure the Federal Reserve that wage gains won’t fuel higher inflation.
Wintry weather scrubs more than 1,000 flights
About 4,700 flights were delayed nationwide. Southwest scrubbed more than 500 flights, or about 12% of its entire schedule, while American dropped about 200 flights.
Biden to end COVID-19 emergencies on May 11
The costs of COVID-19 vaccines are expected to skyrocket after the emergencies are lifted. Free at-home COVID tests will also come to an end. And hospitals will not get extra payments for treating COVID patients.
IMF upgrades outlook for global economy in 2023
The International Monetary Fund, a 190-country lending organization, foresees inflation easing this year, a result of aggressive interest rate hikes by the Federal Reserve and other major central banks.
Feds expect to collect $4.7B in insurance fraud penalties
Federal watchdogs have been sounding the alarm for years about questionable charges on the private version of the Medicare program, with investigators raising the possibility that insurance companies may be bilking taxpayers of billions of dollars every year.
Fed, set to impose smaller hike, might hint at fewer increases
With signs of weaker economic growth along with steadily lower inflation readings, reduced consumer spending and even some signs of a slowdown in the job market, the Federal Reserve is now navigating a more treacherous terrain.
Turner agrees to stay with Pacers on 2-year extension
The contract extension with the two-time NBA blocks champion will keep the team’s current starting five intact through next season.
Pence: ‘Mistakes were made’ in classified records handling
In his first public comments since the discovery, former Vice President Mike Pence said he hadn’t been aware that the documents were in his Carmel residence but his lack of knowledge wasn’t an excuse.
U.S. inflation, consumer spending cooled in December
The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.
FDA’s advisers back plan to simplify COVID-19 vaccinations
The U.S. is poised to make COVID-19 vaccinations more like a yearly flu shot, a major shift in strategy despite a long list of questions about how to best protect against a still rapidly mutating virus.