U.S. producer prices rise modest 2.6% in May with inflationary pressures still mild
The Labor Department reported Thursday that its producer price index — which measures inflation before it its consumers — rose 2.6% in May 2024. ... Read More
Associated Press
Trump’s FAA administrator pick questioned about safety, pilot training standards
Bryan Bedford, CEO of Carmel-based Republic Airways, faced tough questions in the confirmation hearing, which follows January's deadly midair collision in Washington, D.C., and a string of other crashes and near misses since then.... Read More
Inflation barely rose last month as cheaper gas and cars offset some costlier imports
Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday. ... Read More
NCAA’s Baker: Will Congress back $2.8B settlement with antitrust protection?
NCAA President Charlie Baker told The Associated Press on Tuesday that draft legislation circulating in Washington is what the association has been asking for. Now, it's simply a matter of passing it.... Read More
Citing trade wars, World Bank downgrades global economic growth forecast to 2.3%
Citing “a substantial rise in trade barriers’’ but without mentioning Trump by name, the 189-country lender predicted that the U.S. economy – the world’s largest – would grow half as fast (1.4%) this year as it did in 2024 (2.8%). ... Read More
Judge approves $2.8B settlement, paving way for colleges to pay athletes millions
A federal judge signed off on arguably the biggest change in the history of college sports Friday, clearing the way for schools to begin paying their athletes millions of dollars as soon as next month.... Read More
Li Li Leung, who led USA Gymnastics in wake of Nassar scandal, to step down
Li Li Leung, who guided Indianapolis-based USA Gymnastics back from the brink of collapse in the wake of the Larry Nassar sexual abuse scandal, is stepping down at the end of the year.... Read More
Spike in steel tariffs could imperil Trump promise of lower grocery prices
President Donald Trump’s doubling of tariffs on foreign steel and aluminum could hit Americans in an unexpected place: grocery aisles.... Read More
Pacers heading to first NBA Finals in 25 years after knocking off Knicks
Pascal Siakam scored 31 points, Tyrese Haliburton had 21 points and 13 assists, and the Indiana Pacers pulled away for a 125-108 victory over the New York Knicks in Game 6 on Saturday night to reach the NBA Finals for the second time in franchise history.... Read More
U.S. inflation gauge cools with little sign of tariff impact, so far
A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices. Spending by Americans slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.... Read More