Two-time IndyCar champ Will Power hires agent as he begins contract season with Team Penske
Power now has someone to negotiate both a new IndyCar contract as well as potential races outside the series.
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Capital One sued by watchdog alleging bank cheated customers out of $2B
The Consumer Financial Protection Bureau said Capital One promoted 360 Savings as an account that provides one of nation’s highest interest rates, but froze its rate at a low level for at least several years, even as rates rose nationally.
NCAA seeks help from Congress, plans to dole out $1.2B to help pay settlement
NCAA President Charlie Baker is banking on the momentum college sports appears to be gaining since preliminary approval of the House settlement, which calls for schools to pay players directly for use of their name, image and likeness.
Inspectors find unsanitary conditions at Boar’s Head plant in Indiana
The U.S. Agriculture Department released the inspection records that documented unsanitary conditions at several Boar’s Head deli meat plants, not just the factory that was shut down after a deadly outbreak of listeria poisoning.
Jack Daniels’ Louisville parent cutting workforce, closing barrel-making plant
The company’s cutbacks come as the overall American whiskey sector faces headwinds that coincide with massive inventories of aging whiskeys that will someday reach the market.
With TikTok ban looming, users flock to Chinese app Xiaohongshu
The TikTok alternative is the top downloaded app in the United States.
Wholesale inflation rises on higher energy costs
The overall increases were slightly less than economists had forecast. U.S. markets leapt higher immediately on the new inflation data.
Biden signs executive order aimed at growing AI infrastructure in U.S.
The order on artificial intelligence seeks to ensure the infrastructure needed for advanced AI operations, such as large-scale data centers and new clean power facilities, can be built quickly and at scale in the United States.
IRS sending out automatic stimulus payments. Here’s who’s getting them.
The IRS is distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments. By the end of January, about 1 million taxpayers will receive special payments of up to $1,400 from the IRS.
Starbucks reverses open-door policy for non-customers
If you want to hang out or use the restroom at Starbucks, you’re going to have to buy something.
Deadline extended on Nippon’s bid for U.S. Steel, offering hope that deal isn’t dead
The new deadline, now in mid-June, was viewed by U.S. Steel—and investors—as an opportunity for the companies to complete the acquisition.
Which U.S. companies are pulling back on diversity initiatives?
A Meta official said Friday that the company is “building teams with the most talented people” instead of making hiring decisions based on protected characteristics.
Ballard promises to take new approach after Colts fail to make playoffs again
In GM Chris Ballard’s first eight seasons with the team, Indy has made the postseason twice, won one playoff game and no division titles.
U.S. ‘notorious markets’ report warns of risks from online pharmacies
The report says 96% of online pharmacies were found to be violating the law, many operating without a license and selling medicines without prescriptions and safety warnings.
Power Four seek more control over NCAA policies, including running championship events
The proposal, described as a “working document” ahead of next week’s NCAA convention, would grant the Southeastern Conference, Big Ten Conference, Big 12 Conference and Atlantic Coast Conference rights to manage postseason championships such as the men’s and women’s basketball tournaments.
Notre Dame gets late pick, field goal to make title game with win over Penn State
Notre Dame (14-1) will play for its first national title in football since 1988 on Jan. 20 against the winner of Friday night’s University of Texas-Ohio State University semifinal.
Meta tries letting Facebook Marketplace users view eBay listings as way to resolve EU charges
Meta is carrying out the trial after Brussels slapped the company with a penalty of nearly $824 million for what it called “abusive practices” involving Marketplace.
IRS has improved taxpayer services but has been slow to resolve ID theft, independent watchdog says
IRS Commissioner Daniel Werfel said the agency is seeing higher numbers of theft victims overall since before the pandemic, in part because scammers are increasingly moving to online schemes.
Justice Department accuses six major landlords of scheming to keep rents high
The complaint alleges the landlords participated in an unlawful scheme to decrease competition among landlords in apartment pricing, harming millions of American renters.
Trump announces $20B data-center investment by Emirati businessman
The promised investment feeds into an existing boom for constructing data centers used in the development of artificial intelligence and expansion of cryptocurrency.