U.S. inflation jumped 8.5% over past year, highest since 1981
Even excluding volatile food and energy prices, which have driven overall inflation, so-called core inflation jumped 6.5% over the past 12 months, the biggest such increase since 1982.
Associated Press
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Honda outlines $40B strategy to forge ahead on EVs
Efforts in North America will focus on the collaboration with General Motors Co., under which Honda Motor Co. is jointly developing two midsize to large EV models, set for sale in 2024.
Zuckerberg money won’t be in next round of aid for elections
The not-for-profit that distributed most of the $350 million in donations from Facebook founder Mark Zuckerberg to election offices in 2020 said Monday that it won’t disburse similar donations this year after backlash from conservatives.
Pacers start long offseason looking to overhaul roster
After posting a second straight losing record at home, missing the NBA playoffs for the first time in seven years and recording their fewest wins in a season since 1984-85, the Pacers are embarking on their biggest offseason overhaul in years.
Tesla CEO Elon Musk won’t join Twitter’s board after all
While Musk has been one of Twitter’s loudest critics, the sudden withdrawal from the board, which became official Saturday, could signal that relations between Musk and Twitter will become more acrimonious.
Efforts to make protective medical gear in U.S. falling flat
Many companies that began producing personal protective equipment with patriotic optimism have scaled back, shut down or given up, according to an Associated Press analysis based on numerous interviews with manufacturers.
Once a retail giant, Kmart down to just three stores
Kmart’s demise is attributed to the rise of Walmart and Target and online behemoth Amazon. But retail expert Mark Cohen says the company also was dogged by poor management decisions and could have stayed viable.
Accounts deceivable: Email scam costliest type of cybercrime
Business Email Compromise scams get far less attention than the massive ransomware attacks that have triggered a powerful government response, but they siphon untold billions from the economy as authorities struggle to keep up.
Purdue trustees approve $6.7M in Mackey Arena renovations
The project focuses on reconfiguring the men’s and women’s basketball locker rooms and player lounges, expanding the John Wooden Club area, technology updates and more efficient use of the current space.
Global food prices soar to record levels on Ukraine war disruptions
The UN Food and Agriculture Organization said its Food Price Index, which tracks monthly changes in international prices for a basket of commodities, averaged 159.3 points last month, up 12.6% from February.
Inflation hitting not-for-profits’ services, ability to fundraise
Not-for-profits of all kinds are getting hurt by inflation, experts say. Price and wage increases are stressing them in multiple ways, making it harder to keep up with their own basic operational expenses while also forcing them to curtail the services they provide.
Congress votes to suspend Russia trade status, enact oil ban
The White House said sanctions the U.S. and more than 30 other nations have already enacted have stung the Russian economy.
Medicare weighs premium cut after limiting Alzheimer’s drug
Thursday’s coverage decision illustrates the impact that a single medication can have on the budgets of individuals and taxpayers.
Japan’s Nissan plans ‘game-changing’ electric car batteries
The all-solid-state battery is stable enough to be used in pacemakers, Nissan said. When finished, it will be about half the size of the current battery and fully charge in 15 minutes, instead of a few hours.
Biden administration bets strong job market will shield economy from slump
The next few months will test whether President Joe Biden built a durable recovery full of jobs with last year’s $1.9 trillion relief package, or an economy overfed by government aid that could tip into a downturn.
Appeals court OKs Biden’s federal employee vaccine mandate
The administration argued that the Constitution gives the president, as the head of the federal workforce, the same authority as the CEO of a private corporation to require that employees be vaccinated.
NCAA has decisions ahead over TV rights to women’s hoops tourney
Ratings were up for this year’s NCAA Women’s Basketball Tournament and advertising sold out early, leaving the Indianapolis-based NCAA big decisions to make involving future TV rights for the tourney.
State officials: Bird flu found at Indiana duck farm
Avian influenza has been detected in a northern Indiana duck farm, state officials said Thursday, marking the disease’s spread to a third poultry species.
Several Indiana cities opting back in to opioid settlement
The state’s capital city, the suburbs of Noblesville and Fishers and other cities, including Muncie and Franklin, decided to join the statewide settlement after it was made more attractive by a new state law that gives local governments more direct funding and flexibility.
Jackson confirmed as first Black female high court justice
The Senate confirmed Ketanji Brown Jackson to the Supreme Court on Thursday, shattering a historic barrier by securing her place as the first Black female justice and giving President Joe Biden a bipartisan endorsement for his effort to diversify the court.