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
Associated Press
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
Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter
The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate.... Read More
J.M. Smucker announces plans to close Indianapolis Hostess facility
Orrville, Ohio-based J.M. Smucker Co. said the change is part of a greater consolidation effort. The Indianapolis facility manufactures Hostess-brand items, which include Twinkies, Ding Dongs, Donettes and CupCakes.... Read More
Stellantis names Italian car executive Antonio Filosa its new CEO
Antonio Filosa is currently Stellantis’ chief operating officer for the Americas and chief quality officer. He takes the top post effective June 23, when he is expected to announce his leadership team.... Read More
U.S. government to have control in Nippon Steel-U.S. Steel deal, officials say
U.S. Sen. David McCormick said Tuesday that an arrangement allowing Japan-based Nippon Steel to invest in U.S. Steel will guarantee an American CEO, a majority of board members from the U.S. and U.S. government approval over certain corporate functions.... Read More
Indy 500 averages 7.05 million viewers on Fox, the race’s biggest audience in 17 years
Alex Palou's victory averaged 7.05 million viewers on Fox, according to Nielsen. That is the largest audience since 2008, when Scott Dixon's win averaged 7.25 million on ABC.... Read More
Ericsson, Kirkwood penalized to rear for unapproved car modifications
Indianapolis 500 runner-up Marcus Ericsson was penalized to the rear of the 33-car field along with teammate Kyle Kirkwood after their cars were found to have unapproved modifications in the post-race inspection that could have helped aerodynamic efficiency.... Read More
Alex Palou makes history as 1st Spanish driver to win the Indianapolis 500
Alex Palou took the ceremonial swig of milk in victory lane at the Indianapolis 500. He allowed his wife to have a sip, she in turn gave a sip to their baby, and team owner Chip Ganassi ended up with the bottle and took a drink, as well.... Read More