Health care premium spikes set to squeeze small businesses
Premiums for Affordable Care Act plans, which are used for thousands of small businesses, are expected to jump 114% on average in the new year, when COVID-era tax credits expire.
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Longest shutdown in history costing economy about $15B each week, analysts say
Now in its 36th day, the shutdown has surpassed the previous record set in early 2019 during President Donald Trump’s first term.
Median first-time homebuyer age reaches record high of 40
The National Association of Realtors’ annual profile of buyers and sellers, released Tuesday, portrays a housing market in which younger, cash-strapped Americans are struggling to become homeowners
UPS cuts 34,000 jobs as its turnaround efforts continue
Shares in United Parcel Service Inc. soared Tuesday morning after it smashed Wall Street’s profit expectations by cutting costs and eliminating more jobs than expected this year.
Amazon launches new AI shopping tool for US users
Initially, the Help Me Decide tool will be available to “millions” of U.S. consumers picked randomly, suggesting a limited test to see how it performs and whether shoppers use it.
Ex-Stellantis CEO, in new book, says he sees carmaker potentially breaking up
Stellantis is the 22nd-largest employer in Indiana with about 6,100 full-time Hoosier employees, according to IBJ research.
Shutdown stalemate brings US IPO holdouts off the sidelines
The path to going public during the shutdown requires some creativity, as well as the willingness to venture into uncharted territory.
Job searches for holiday season soar with full-time roles scarce
Overall, seasonal jobseekers face a low-energy holiday season, with only a 2.7% pickup in seasonal job postings from employers.
Amazon delivery firms are bailing amid rising costs, meager profit
Amazon launched its Delivery Service Partner program in 2018, offering aspiring entrepreneurs an opportunity to run their own businesses.
Novo, Lilly shares fall as Trump touts ‘much lower’ Ozempic price
Mehmet Oz, head of the Centers for Medicare and Medicaid Services, said talks over the price of weight-loss drugs are still ongoing.
AI jobs shock is coming and firms aren’t ready, financial CEO says
Klarna Group’s chief executive sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries, as incumbents are overtaken by faster-moving challengers.
Air travel disruptions add pressure on Congress for shutdown deal
The U.S. air travel disruptions, which hurt both passengers and airlines, are among the most visible examples of how the shutdown is inconveniencing Americans.
Google Cloud seeks workplace dominance with new AI platform
With the launch of Gemini Enterprise, Google Cloud is directly challenging rivals such as Microsoft’s Copilot and OpenAI’s ChatGPT Enterprise.
Millions of workers left out of ‘low-hire, low-fire’ job market
More than a quarter of the jobless have been out of work more than a half-year—the highest share since the mid-2010s excluding the pandemic-era years.
Stellantis planning $10B in US turnaround investments, sources say
Stellantis’ actions would mirror those of companies unveiling big investment plans to curry favor with President Donald Trump and mitigate the impact of tariffs.
$10,000 tickets, bourbon deals: Colleges hunt revenue to pay athletes
Across the college sports ecosystem, universities are under pressure to find new ways to raise revenue, after a landmark federal settlement over student athletes’ name, image and likeness rights opened the door for them to be paid by schools.
Drugmakers buoyed as Trump deal eases worst fears on pricing
Shares in Indianapolis-based Eli Lilly and Co. were on the rise Wednesday after President Trump suggested the company would be next up to cut a deal over drug pricing.
Car sales expected to surge as buyers raced to nab lapsing EV credit
Most industry observers forecast a slowdown in EV sales in the coming quarters, because without the federal incentives, the vehicles are still more expensive than gas-powered cars.
US job openings hold steady, with few layoffs and weak hiring
Another report showed consumer confidence fell in September to a five-month low on concerns about a cooling labor market and the broader economy.
Report predicts $350B nuclear boom in US to power AI
While demand is on the rise for carbon-free fission power as the U.S. races to meet a surge in electricity needs, costs remain high and construction is expected to be slow.