Amazon stock tumbles on weaker-than-expected 3Q revenue
The Seattle-based e-commerce behemoth’s weak forecast for the fourth quarter indicates that it expects things to get tougher.
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Indianapolis low-income housing agency hit by ransomware
Executive Director Marcia Lewis said an investigation by information technology security experts, law enforcement, and the agency’s IT service providers is underway, and the attack was still ongoing as of Wednesday.
Musk doesn’t seek ‘free-for-all hellscape’ for Twitter
Elon Musk is telling Twitter advertisers he is buying the platform to “help humanity.” The message posted Thursday on Twitter came a day before Musk’s deadline for closing his $44 billion deal to buy the social-media company and take it private.
Average mortgage rates top 7% for the first time in 2 decades
Many potential homebuyers have moved to the sidelines as mortgage rates have more than doubled this year. Sales of existing homes have declined for eight straight months.
U.S. economy returned to growth last quarter, expanding 2.6%
The U.S. economy grew at a better-than-expected annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates.
NCAA approves new guidance on player endorsement deals
The latest clarifications provide new guidance to members on name, image and likeness activities, giving schools, coaches and staffers a better idea of how they can be involved with athletes’ endorsement and sponsorship deals.
EPA awarding $1B to nearly 400 school districts for electric buses
Six school districts in Indiana are among those that have been chose to to receive grants.
GOP eyes Indiana upset amid national push to diversify party
Air Force veteran Jennifer-Ruth Green is seeking an upset in an Indiana U.S. House district that has been Democratically controlled for nearly a century.
Nielsen, Amazon Prime spar over NFL football audience
Neither company is saying the other is wrong, but neither is backing down, either. The result is confusion, most notably for advertisers.
Colton Herta signs 4-year Andretti IndyCar extension
The extension shuts out the biggest teams in IndyCar from poaching Herta when his current deal expires at the end of the 2023 season. It also indicates Herta has put a pause on his Formula One ambitions.
Microsoft profit down 14% as Windows hurt by weak PC sales
The company gets licensing revenue from PC manufacturers who install its Windows operating system on their products. Revenue from those licenses dropped 15% in the quarter, Microsoft said.
Record number of Americans have bank accounts, government says
A new report from the Federal Deposit Insurance Corp. issued Tuesday found that 4.5% of Americans—representing about 5.9 million households—were without a bank account in 2021.
Renters face charging dilemma as U.S. cities move toward EVs
EVs are soaring in popularity amid tax incentives and high gas prices, but how and where to charge up remains a dilemma that’s a barrier for most renters.
Drizly agrees to tighten data security after alleged breach
Alcohol delivery app Drizly has agreed to tighten its data security and limit data collection to resolve federal regulators’ allegations that its security failures exposed the personal information of some 2.5 million customers.
Judge tosses suit claiming illegal acts by Indiana treasurer
Marion County Judge John Chavis ruled that the state treasurer, as a separately elected statewide official, wasn’t required to submit contracts for approval from other state agencies.
Biden: ‘Legitimate’ for voters to weigh age as he nears 80
President Joe Biden has yet to officially announce whether he will run for a second term, but has repeatedly said it is his intention to seek reelection.
Companies lure hourly workers with college tuition perks
For hourly employees, the programs remove the financial barriers of obtaining a degree.
Court temporarily blocks Biden’s student loan forgiveness
Attorneys for six Republican-led states are asking a federal appeals court to reconsider their effort to block the Biden administration’s program to forgive billions of dollars in student loan debt.
Athlete advocacy group files complaint with DOJ against NCAA
The National College Players Association is accusing those involved with the governing body of violating antitrust laws by capping compensation for athletes.
Industry: Advanced recycling is a solution to plastic crisis
Environmental groups say advanced recycling is a distraction from real solutions like using less plastic. They suspect the idea of recyclable plastics will enable the steep ramp up in plastic production to continue.