Startups face cautious investors amid economic woes
Many startups are attempting to find their wings at a time when consumers are tightening their belts and being more picky about how to spend their money.
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Stellantis CEO says cost cuts necessary due to higher EV prices
Without cost reductions, EVs will be too expensive for the middle class, shrinking the market and driving costs up more, CEO Carlos Tavares told reporters Thursday at the CES gadget show in Las Vegas.
NFL: Bills-Bengals won’t resume; playoff scenarios revealed
Also, the NFL said playing the game between the Bills and Bengals would have required postponing the start of the playoffs by a week, and affecting all 14 teams that qualified for the postseason.
Southwest starts on reputation repair after cancellations
With its flights running on a roughly normal schedule, Southwest Airlines is now turning its attention to repairing its damaged reputation after it canceled 15,000 flights around Christmas and left holiday travelers stranded.
Bed Bath & Beyond warns about bankruptcy as sales plummet
“There is substantial doubt about the company’s ability to continue as a going concern,” the retailer said in a statement.
Andretti partners with General Motors for Cadillac F1 bid
Andretti said in Thursday’s announcement—the culmination of four months of negotiations with General Motors—that the American automaker provides the Andretti effort the additional value rival teams have argued new teams must bring to F1.
FTC proposes rule that would ban noncompete clauses
The FTC proposal is based on a preliminary finding that noncompete clauses quash competition in violation of Section 5 of the Federal Trade Commission Act. Section 5 bans unfair methods of competition.
Best of CES 2023: Wireless TV, delivery robots and in-car VR
Tech companies of all sizes are showing off their latest products in Las Vegas at CES, formerly known as the Consumer Electronics show.
U.S. auto sales fell 8% last year amid supply-chain woes, high prices
Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping to their lowest level in more than a decade.
Indiana governor proposes 6% boost for schools next year
Gov. Eric Holcomb’s plan would give K-12 schools their largest funding increase in more than a decade even amid worries about an expected slowdown in the growth of state tax collections.
Fed minutes: Officials cited strong hiring to justify hikes
Overall, the minutes showed that Federal Reserve officials remained determined to keep rates high to quell inflation and have taken little comfort from inflation’s decline from a peak of 9.1% in June to 7.1% in November.
U.S. job openings still high in sign of economic resilience
The high number of vacancies suggest the Fed will continue raising its benchmark interest rate at its coming meetings to quell inflation. Those higher rates will also raise the cost of mortgages, auto loans and other consumer and business borrowing.
Salesforce mum on how companywide cuts will affect Indy operations
The global cloud-computing giant revealed on Wednesday a major restructuring plan that will lay off about 10% of its employees and shrink its real estate footprint.
Southwest apologizes, gives customers frequent-flier points
Southwest Airlines canceled more than 15,000 flights between Dec. 22 and Dec. 30, according to tracking service FlightAware. The flight disruptions began with a winter storm that swept across the country.
One dead, one wounded in shooting outside Castleton Square
The shooting occurred just before 8 p.m. outside the state’s largest shopping center, the Indianapolis Metropolitan Police Department said.
NCAA recommendations call for bigger championship events
The NCAA Division I transformation committee is recommending more sport-by-sport governance and allowing 25% of teams in certain sports to compete in championship events.
COVID continues to create child care disruptions
For working parents of young children, it seems the rest of the world has moved on from the pandemic. But unending illness and child care disruptions have upended these families’ lives.
UPDATE: NFL postpones Monday night game after player collapses on field
Buffalo defensive back Damar Hamlin was in critical condition early Tuesday after the Bills say his heart stopped following a tackle during the Monday Night Football game, which was indefinitely postponed.
As legal pot grows, more children sickened by edibles at home
More than 7,000 confirmed cases of children younger than 6 eating marijuana edibles were reported to the nation’s poison control centers between 2017 and 2021, climbing from about 200 to more than 3,000 per year.
S&P 500 closes out dismal year with worst loss since 2008
The benchmark index fell 0.3% Friday, the last trading day of the year, leaving it down 19.4% for the year.