GM to take a $1.6B hit as tax incentives for EVs are slashed
General Motors had led the way among U.S. automakers with plans to convert production to an electric fleet of vehicles.
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It’s called automated officiating. The NBA is using it to get even more calls right.
The NBA is tapping into technology more and more to ensure that plays like those get adjudicated correctly.
J&J lays out plan to splinter orthopedics business into separate company
The move leaves J&J focused on its pharmaceutical and MedTech segments, which make prescription drugs, contact lenses and technology to treat cardiovascular disease and help with surgeries.
IMF upgrades US growth outlook as tariffs cause less disruption than expected
While the U.S. and world economies have fared better than expected, it’s too soon to say they are fully in the clear, the IMF said.
Wall Street sees major jump in profit, helped by soaring stock prices and dealmaking
Wall Street is having one of its best years in dealmaking in a long time. Initial public offerings are back, with several major companies going public this year.
Formula One driver Mick Schumacher returns to Indianapolis for IndyCar test
Mick Schumacher, the 26-year-old son of seven-time Formula 1 champion Michael Schumacher, may be looking for a fresh start after his once-promising career got derailed in Europe.
Cignetti taking business-as-usual approach as IU football reaches its highest ranking
Amazingly, with basketball season beckoning in Bloomington, around campus all anyone wants to talk about is football.
Government shutdown could be the longest ever, House Speaker Johnson warns
With Congress and the White House stalemated, some are eyeing the end of the month as the next potential deadline to reopen government.
Education Department layoffs hit offices that oversee special education, civil rights enforcement
The cuts play into President Trump’s broader plan to shut down the Education Department and parcel its operations to other agencies.
Uncertainty over economy, tariffs causes some retailers to be cautious about holiday hiring
Retailers’ hiring plans mark the first clues to what’s in store for the U.S. holiday shopping season and come as the U.S. job market has lost momentum.
China vows to stand firm against Trump’s new tariff threat
It was China’s first official comment on President Trump’s threat to jack up the tax on imports from China by Nov. 1 in response to new Chinese restrictions on the export of rare earths
UPDATE: Firings of federal workers begin as White House turns up pressure over shutdown
The Office of Management and Budget said thousands of employees would be fired, though it noted that the funding situation was “fluid and rapidly evolving.”
Trump suggests calling off Xi meeting after blasting China for restricting rare earths exports
The Republican president suggested that he was looking at a “massive increase” of import taxes on Chinese products in response to Chinese leader Xi Jinping’s moves.
Senators struggle to find way forward as government shutdown enters 9th day
Pressure is growing on congressional leaders to reach a deal as rank-and-file lawmakers become anxious about the lack of progress on ending the shutdown.
California company recalls nearly 245,000 pounds of pasta tied to listeria outbreak
The company recalled thousands of cases of heat-and-eat linguine, fettucine, penne and other pastas sold at grocery stores nationwide.
US opens Tesla probe after more crashes involving self-driving technology
The National Highway Traffic Safety Administration said in a filing dated Tuesday that it has 58 incident reports of Tesla vehicles violating traffic safety laws while operating in full self-driving mode.
Sponsor logos could appear on college uniforms under NCAA proposal
An NCAA committee has proposed a change to rules barring commercial logos on uniforms in a move that would clear the way for sponsor patches to appear on jerseys next year.
NCAA moves closer to allowing college athletes to bet on pro sports
Despite the potential change, the committee emphasized that it doesn’t endorse betting on sports, particularly for student-athletes.
Federal government shutdown grinds into Week 2 as tempers flare at Capitol
Clusters of lawmakers, Republicans and Democrats, are meeting privately, searching for ways out of the impasse, which hinges on striking a deal for preserving health care subsidies.
Fed minutes: Most officials supported further rate cuts as worries about jobs rose
The minutes provide insight into how the Fed’s policymakers were thinking last month about inflation, interest rates, and hiring.