Supreme Court’s ruling in Cook case backs Federal Reserve’s independence
The Supreme Court on Monday said the Federal Reserve, unlike any other agency in Washington, has a measure of independence from the presidency and day-to-day politics.
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Self-exiled Chinese billionaire Guo Wengui gets 30 years in US prison for fraud conviction
Prosecutors said his “astonishing” fraud “destroyed hundreds of lives” and left “a wreckage of victims and families who have been devastated financially, emotionally, and psychologically.”
Supreme Court says Fed’s Cook can keep her job for now, but upholds other Trump firings
The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve.
Comcast plans to split into two public companies by spinning off NBCUniversal and Sky
Comcast expects to keep a stake of up to 19.9% ownership position in NBCUniversal for up to one year after the spinoff is complete.
Saks officially emerges from bankruptcy with less debt, new name
Saks Fifth Avenue, which closed its Indianapolis store in 2024, maintains an Indianapolis presence with The Fifth Avenue Club at Ironworks Hotel Indy.
Millions drop Affordable Care Act coverage after subsidies expire, costs rise
The ACA subsidies that expired this year were at the center of a bitter fight in Congress last fall, with Democrats and some Republicans calling for their renewal.
US lags other countries in social media restrictions for children but reform push is growing
In the U.S., the movement might have turned a corner with two jury verdicts against Meta and one against Google that galvanized proponents for youth online safety.
Caitlin Clark to miss Saturday’s Sparks game with back injury
Indiana Fever Coach Stephanie White said Friday morning that Clark wouldn’t play in the 8 p.m. game at Gainbridge Fieldhouse.
WNBA suspends Alyssa Thomas 1 game for hit to Caitlin Clark’s throat
The foul by Thomas was deemed to be a non-basketball act by the WNBA. The league is allowed to review a game to reclassify a flagrant foul or to classify as flagrant any foul not called as such during a game.
Economy expanded at solid pace in first quarter, government says, upgrading last estimate
Business investment surged, probably reflecting an investment boom in artificial intelligence. But consumer spending, which accounts for around 70% of U.S. economic activity, fell sharply.
Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
The increase was largely driven by more expensive gas, as well as pricier semiconductors and other computer equipment that are in high demand for the AI buildout.
JPMorgan Chase plans to expand Community Center program, doubling branches in low-income areas
Along with doubling the number of Community Center branches, the bank plans to hire an additional 150 employees, known as community managers, and provide additional programming at these locations.
Supreme Court ruling blocks thousands of lawsuits against maker of Roundup weedkiller
The case came before the justices after a tidal wave of litigation that included some multibillion-dollar verdicts against the global agrochemical manufacturer Bayer.
Supreme Court clears way for Trump administration to revive restrictive immigration policy
The justices overturned a lower court order blocking the practice that limited the number of people who could apply for asylum each day.
All 32 of nation’s biggest banks clear Federal Reserve’s annual ‘stress test’
The stress test applies only to the nation’s most systematically important banks, those whose failures would bring significant turmoil to the financial system.
IRS did better than expected in tax season after slashing staff, except on the phone, watchdog says
The IRS started 2025 with about 102,000 employees and finished with about 74,000 after a series of firings and layoffs.
Indy 500 winner Felix Rosenqvist to leave Meyer Shank Racing at end of IndyCar season
The 34-year-old Swedish driver has been with Meyer Shank for the past three seasons.
Indiana joins 16 other states and trade group in lawsuit over plastics packaging law
The suit argues that California’s recently finalized regulations will gradually force all companies to modify their plastics packaging.
NCAA approves new eligibility rules giving Division I athletes 5 years to play 5 seasons
The NCAA believes the age-based model will make rules easier to administer and help make roster management more predictable for coaches.
Former IU QB Sorsby has to wait until 2027 to join NFL
The NFL informed the 22-year-old quarterback, who was declared ineligible for college football after for making thousands of bets on sporting events, that it will not hold a supplemental draft this year.