Trump Org. was secretly held in contempt for hindering probe
The Trump Organization was found to have been “willfully disobeying” four grand jury subpoenas and three court orders by repeatedly failing to turn over evidence in a timely fashion.
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Fed raises key rate by half-point, signals more hikes to come
Consistent with a sharp slowdown, Fed officials projected that the economy will barely grow next year, expanding just 0.5%, less than half the forecast it had made in September.
Company holiday parties are back, but with some restraint
More than 57% of companies are planning in-person holiday celebrations this year, according to a survey conducted by Challenger, Gray & Christmas, a hiring firm. That’s a big leap from the past two years.
Fed set to extend inflation fight with 7th rate hike of 2022
The six rate hikes the Fed has already imposed this year have raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years.
United places huge order with Boeing to replace aging planes
The massive order—United called it the biggest ever by a U.S. airline for twin-aisle or “widebody” planes—is a bold move for an airline that lost money throughout the pandemic until the middle of this year.
U.S. study: More than half of car crash victims had drugs in system
Although the study authors say the results can’t be used to gauge drug use on the roads nationwide, they say the high number of drivers, passengers and other road users with drugs in their systems is concerning.
Indiana appealing second court decision blocking abortion ban
A second legal challenge that has blocked Indiana’s abortion ban from being enforced could also be headed to the state Supreme Court.
FTX’s Bankman-Fried charged by U.S. for ‘scheme’ to defraud
Bankman-Fried, 30, was arrested Monday in the Bahamas at the request of the U.S. government, which charged him with eight criminal violations, ranging from wire fraud to money laundering to conspiracy to commit fraud.
Purdue hires Illini coordinator Ryan Walters as new football coach
University of Illinois defensive coordinator Walters becomes the fourth-youngest coach in the Bowl Subdivision by joining Purdue as head coach.
Fusion breakthrough could be energy, climate game-changer
Energy Secretary Jennifer Granholm announced a “major scientific breakthrough” Tuesday in the decades-long quest to harness fusion, the energy that powers the sun and stars.
Twitter disbands its Trust and Safety advisory group
The advisory group of around 100 independent civil, human rights and other organizations was formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems on the platform.
Bird flu found in Indiana snow geese, suspected in turkey flock
Statewide, 10 commercial flocks of turkeys and ducks have tested positive for bird flu this year, the Indiana State Board of Animal Health said.
Hoosiers urged to get flu vaccine amid surge in cases
Indiana Hospital Association President Brian Tabor said Indiana’s hospitals are experiencing significant patient caseloads due to the many respiratory illnesses now circulating, including the flu, COVID-19 and respiratory syncytial virus, or RSV.
Diminished U.S. workforce could lead Fed to keep interest rates high
In a recent speech, Federal Reserve Chair Jerome Powell pointed to the shortfall of workers and the resulting rise in average pay as the primary remaining driver of the price spikes that continue to grip the economy.
Shoppers, workers clash over post-pandemic expectations
Many retail workers are fed up and don’t want to go back to their pre-pandemic work environments. They are demanding better schedules, and sometimes even quitting their jobs altogether.
Pace of wholesale inflation in U.S. shows 5th straight slowdown
The latest year-over-year figure was down from 8% in October and from a recent peak of 11.7% in March.
Brohm leaving Purdue for 6-year deal as Louisville football coach
The school’s executive board approved a six-year contract on Thursday that will pay the departing Purdue University coach a base salary of $5 million next season with annual increases of $100,000, plus incentives.
FTC sues to block Microsoft-Activision Blizzard $69B merger
Xbox maker Microsoft has faced months of resistance from Sony, which makes the competing PlayStation console and has raised concerns with antitrust watchdogs around the world about losing access to popular game franchises such as Call of Duty.
Indiana doctor drops lawsuit against attorney general
Lawyers for Dr. Caitlin Bernard of Indianapolis voluntarily nixed the lawsuit filed last month against Indiana Attorney General Todd Rokita, according to court filings Thursday.
FDA clears updated COVID-19 vaccines for children under 5
The Food and Drug Administration’s decision aims to better protect the littlest children from severe COVID-19 at a time when children’s hospitals already are packed with tots suffering from a variety of respiratory illnesses.