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Associated Press

Supreme Court rejects appeals from drug manufacturers over Medicare price negotiations

The justices did not comment in leaving in place rulings from the federal appeals court in Philadelphia that dismissed the drug manufacturers' claims.... Read More

Retail sales growth slowed in April as higher gas cost leaves less room for nonessentials

Shoppers tempered their spending in April as higher gas prices fueled by the Iran war meant less money left over for some nonessentials like clothing and furniture. But they're still buying, thanks to more generous government tax refunds.... Read More

Producer prices shot up 6%, adding pressure on companies to hike prices

U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, the highest point in more than three years, as the Iran war pushes up energy prices and intensifies pressure on companies to pass along their costs to consumers.... Read More

Trump’s proposed ‘Golden Dome’ estimated to cost $1.2 trillion

President Donald Trump's plan to put weapons in space — pitched as a “Golden Dome for America” missile defense program — is estimated to cost $1.2 trillion over a 20 year period.... Read More

US consumer prices jump as Iran war sends energy prices rapidly higher

On a month-to-month basis, April prices rose 0.6% from March as gasoline prices rose 5.4% during the month; the month-over-month gain was down from 0.9% increase from February to March.... Read More

Big Ten reports $1.47B in revenue for 2024-25 fiscal year

The Big Ten joined the Southeastern Conference in crossing the $1 billion mark in total revenue for the 2024-25 fiscal year, marking a significant uptick in payouts to its member schools.... Read More

Trump administration settles meatpacking antitrust case involving Indiana company

The Trump administration has reached a proposed settlement in an antitrust case against an Indiana data-sharing company for the meatpacking industry that the federal government had accused of helping drive up grocery prices.... Read More

March Madness tournaments will expand to 76 teams each starting next season

The new, 76-team brackets will jam eight extra games — for a total of 12 involving 24 teams — into the front half of the first week of the men's and the women's tournaments.... Read More

Lower-income Americans hit hardest by gas price spike, widening inequalities

Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's economic disparities, new research released Wednesday showed.... Read More

NCAA remains on track to expand to 76-team March Madness bracket

The NCAA is still deliberating expanding March Madness on both the men's and women's sides to 76 teams for next season — a much-expected development that's been in the works for years.... Read More

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Passing wealth, not tax bills

Passing wealth, not tax bills

The Great Wealth Transfer has commenced, and tens of trillions of dollars are set to be transferred between generations...

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