Caitlin Clark becomes Nike signature athlete, with logo collection set to debut
Meanwhile, Clark has been ruled out of Tuesday’s key late-season matchup between the Indiana Fever and Seattle Storm in Indianapolis.
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Senator warns of ‘Power 2’ owning college sports if NCAA-backed SCORE Act becomes law
Sen. Maria Cantwell warned of a two-tier college sports system with haves and have-nots if a proposed bill to regulate the industry passes without changes.
Expect health insurance prices to rise next year, brokers and experts say
Price increases could be especially stark in individual coverage marketplaces, where insurers also are predicting the federal government will end some support that helps people buy coverage.
European postal services suspend shipment of packages to US over tariffs
The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping as they await more clarity on the rule.
Powell signals Fed may cut rates soon even as inflation risks remain
Federal Reserve Chair Jerome Powell opened the door ever so slightly to lowering a key interest rate in the coming months but suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.
10 House Democrats ask NCAA about plans to protect female athletes
The lawmakers asked how college sports’ major governing body plans to protect the interests of female athletes as the largest portion of NIL and revenue-sharing payments continue to be directed to male athletes.
FTC sues LA Fitness operators for ‘exceedingly difficult’ gym cancellation policies
The U.S. Federal Trade Commission said tens of thousands of customers have reported difficulties with the policies to date.
Lowe’s intensifies focus on professional builders with $8.8B acquisition
Lowe’s is buying Foundation Building Materials, a distributor of drywall, insulation, metal framing, ceiling systems, commercial doors and other products that serve large residential and commercial professionals.
Trump administration vying to own 10% stake in Intel after SoftBank’s $2B bet
The unusual deal that would deepen the Trump administration’s financial ties with major computer chip manufacturers.
Air Canada reaches deal with flight attendant union to end strike
The strike has been affecting about 130,000 travelers a day at the peak of the summer travel season.
Nexstar Media buying Tegna in $6.2B deal involving major owners of TV stations
Nexstar is the parent of Indianapolis Fox affiliate WXIN-TV Channel 59 and CBS affiliate WTTV-TV Channel 4. Tegna is owner of Indianapolis NBC affiliate WTHR-TV Channel 13.
Meyer Shank Racing extends Marcus Armstrong’s contract after strong season
In his first year in the No. 66, Armstrong has logged 10 top-10 finishes and podiumed at Iowa Speedway. It was just the second podium of his IndyCar career.
MSNBC to change name as part of corporate divorce from NBC
The name change was ordered by NBC Universal, which last November spun off cable networks USA, CNBC, MSNBC, E! Entertainment, Oxygen and the Golf Channel into its own company, called Versant.
UPDATE: Strike by 10,000 Air Canada flight attendants declared illegal
The strike at Canada’s largest airline entered its third day on Monday and is affecting about 130,000 travelers per day during the peak summer travel season
Indy-based NCAA fines Michigan football millions, coach suspended in sign-stealing scandal
The Indianapolis-based NCAA fined Michigan tens of millions of dollars Friday and suspended coach Sherrone Moore for three games for a sign-stealing scandal that has loomed over the program for nearly two years.
Retail sales rise 0.5% in July as some shoppers step up purchases ahead of tariffs
However, at electronics stores, sales were down 0.6%. And business at restaurants, the lone services component within the Census Bureau report and a barometer of discretionary spending, fell 0.4%.
Judge strikes down Trump administration guidance against diversity programs at schools and colleges
The guidance has been on hold since April when three federal judges blocked various portions of the Education Department’s anti-DEI measures.
Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady
Seven out of every 10 stocks within the S&P 500 fell, though the index edged up by less than 0.1% to set another all-time high.
Average rate on a 30-year mortgage drops to lowest level since October
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell.
Taylor Swift’s economic pull makes orange the new green for big brands
Numerous corporations, from United Airlines to Olive Garden, began posting orange hued memes on their own social media accounts soon after the new album was announced.