U.S. defense contractor to build 4,000-worker advanced manufacturing facility in central Ohio
Republican Ohio Gov. Mike DeWine said it is the largest single job-creation and payroll project that Ohio has ever announced.
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Average rate on 30-year mortgage hits highest level since May
While sales of previously occupied U.S. homes rose in November for the second straight month, the housing market was on track to end 2024 as its worst year for sales since 1995.
‘Mr. Baseball’ Bob Uecker, who had brief stint with Indians, dies at 90
The Indianapolis Indians released a statement Thursday in remembrance of the colorful comedian and broadcaster, who played for the team in 1960.
Nation’s largest trade group says holiday sales rose more than expected
The National Retail Federation said the 2024 holiday shopping season turned out to be robust, as easing inflation on merchandise drove shoppers to buy.
Government sues Southwest Airlines, fines Frontier for chronically delayed flights
The Transportation Department said the lawsuit alleges that Southwest illegally operated chronically delayed flights and disrupted passengers’ travel plans. It says it is seeking “maximum civil penalties.”
Supreme Court seems open to age checks for online porn
States argue the laws are necessary as online porn, including hardcore obscene material, has become almost instantaneous to access on smartphones online.
CHIPs act to ramp up U.S. semiconductor production, but at a high cost, report finds
The government subsidies behind the expected chip manufacturing boom mean that each job created will cost taxpayers about $185,000 a year–twice the average annual salary of U.S. semiconductor employees, the report found.
FDA bans red dye No. 3 from foods
Food manufacturers will have until January 2027 to remove the dye from their products, while makers of ingested drugs have until January 2028 to do the same.
Colts to play in the NFL’s first regular-season game in Berlin
The Colts will be considered “hosts” for the game, which means the contest will be considered a home game even though it won’t be played at Lucas Oil Stadium.
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.
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.