People spending less on hotels, flights, restaurants and more
An emerging pullback should be welcome news for the Federal Reserve, which has been taking aggressive steps for more than a year to slow the economy enough to bring down inflation.
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Insurers clamping down on doctors who prescribe Ozempic for weight loss
Indianapolis-based Elevance Health, which operates Anthem plans, said that in most cases, it won’t cover Ozempic unless a patient is diagnosed with diabetes and has tried another medication to manage it, but physicians can still prescribe it.
Supreme Court rules for Jack Daniel’s in trademark fight over poop-themed dog toy
In a narrow, unanimous ruling, the justices sent back to a lower court the case testing the line between trademark protections and free-speech rights.
Employers take different approaches to get workers back in office
The executives of corporate America are stepping up efforts to get workers back into the office, using a combination of threats and incentives to get employees to give up the work-from-home lifestyle they adopted in the first years of the COVID-19 pandemic.
Biden vetoes GOP-led effort to strike down student loan forgiveness program
The student loan forgiveness program faces legal challenges, and the Supreme Court is set to issue a ruling on its legality before the end of June.
Pence kicks off 2024 run, beginning showdown with Trump
Mike Pence’s entrance comes during a stretch of several Republican campaign launches, with former New Jersey governor Chris Christie kicking off his run Tuesday and North Dakota Gov. Doug Burgum doing so Wednesday.
Corteva, two other companies reach $1.2B settlement over ‘forever chemicals’ in water
The pollutants, polyfluoroalkyl and perfluoroalkyl substances—commonly known as PFAS—can be found in many industrial and cosmetic products and have been linked to infertility, thyroid disorders and several types of cancer.
IndyStar employees to join Gannett protest by withholding bylines
Employees for two-dozen publications at the largest newspaper chain in the country were scheduled to walk off work for a day or two starting Monday, but journalists at the Indianapolis Star planned a smaller protest.
Employers added 339,000 jobs in May, strong growth that defied headwinds
The May jobs report reveals the 29th straight month of strong job growth that has come to define the pandemic recovery economy.
Senate passes debt ceiling bill, sending it to Biden to sign into law
Indiana’s senators, both Republicans, disagreed on the legislation, with one voting against it and the other voting for it.
Don’t store money in Venmo, Cash App or PayPal, regulator says
A federal consumer watchdog on Thursday warned consumers that money kept in payment apps is not automatically insured by the government and could be completely lost if the companies fail.
Senate rejects Biden’s student loan forgiveness program
While President Biden has promised to veto the bill, the vote in the Senate, in which two Democrats and an independent sided with Republicans, shows the divisiveness of the student loan policy and the difficulty of getting any future plan through Congress.
Medicare to expand coverage for new class of costly Alzheimer’s drugs
Groups such as the Alzheimer’s Association have pushed Medicare to cover the new Alzheimer’s drugs—including those cleared on an expedited basis—saying that the FDA should be the final arbiter of safety and efficacy of drugs.
Macy’s cuts full-year outlook in latest sign of retail slowdown
Macy’s is being swept up in a broader pullback in retail spending as consumers feel squeezed by rising prices and higher interest rates.
TSA records busiest day since 2019 amid smooth holiday for air travel
The figures are an early sign of strong travel demand as summer arrives and an indication that the system is ready for heavy volumes of passengers, with few disruptions reported in recent days.
McCarthy, Biden race to woo lawmakers to pass debt ceiling package
The bill faces a tricky path to final passage, which must happen by June 5, when the federal government will exhaust funding to pay its bills.
The only place you can’t watch the Indy 500 on live TV? Indy
Evening viewing of the Indianapolis 500 is a ritual in central Indiana, even for those who attended the race in person. And track officials say the blackout is necessary to protect the spectacle of the race.
House votes to overturn Biden’s student loan-forgiveness program
The measure would also end the pause on federal student loan payments, a policy first introduced by the Trump administration in response to the coronavirus pandemic more than three years ago.
Commanders unlikely to be penalized for Andrew Luck tampering allegation
There probably is “not enough hard evidence” of impermissible contact for the Commanders to be penalized, one of the people with knowledge of the case said.
White House, GOP pause debt-ceiling negotiations
The pause in talks is widely seen on Capitol Hill as a potential negotiating ploy from leaders aimed at assuring their bases that they are fighting aggressively for their sides’ priorities.