Chances of a Federal Reserve rate cut fade as inflation worsens
Longer-term interest rates have risen quickly since the war in Iran began Feb. 28, pushing up the cost of mortgage loans, auto loans, and business borrowing.... Read More
Associated Press
WNBA players unanimously approve landmark 7-year collective bargaining agreement
The seven-year CBA, which will begin this season and run through 2032, represents a landmark labor deal for the WNBA and its players.... Read More
Ball State names SMU’s Chris Capko as head basketball coach
Ball State University named former SMU associate head coach Chris Capko as its head basketball coach Friday, just two days after the Mustangs were eliminated in March Madness.... Read More
Fed projects one rate cut this year; Powell vows to stay until DOJ investigation is finished
Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still expect to cut their key rate once in 2026.... Read More
US drivers see gas prices jump to highest level since 2023 as Iran war drags on
The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide. And in the U.S., drivers are now facing the highest prices they've seen at the pump in about two and a half years.... Read More
Bipartisan group of 13 attorneys general sues OneMain over hidden loan add-ons
A bipartisan group of 13 attorneys general sued Evansville-based OneMain Financial on Monday, alleging the company placed unwanted additional products and other hidden costs on its loans that led to higher costs for its borrowers.... Read More
WNBA commissioner says progress made in collective bargaining talks
WNBA Commissioner Cathy Engelbert said progress is being made towards getting a new collective bargaining agreement done. The two sides met for another marathon negotiating session that started Sunday afternoon and ended around 3 a.m. Monday morning.... Read More
US economy expanded 0.7% in fourth quarter, downgrading first estimate
The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at an unexpectedly sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate.... Read More
Smaller portions are a big restaurant trend as customers watch budgets, waistlines
The biggest new restaurant trend is small. Special menus with petite, less expensive portions are popping up all over, from large chains like Olive Garden and The Cheesecake Factory to trendy urban eateries and farm-to-fork dining rooms.... Read More
Inflation held steady last month, before attack on Iran sent energy costs soaring
Inflation remained stubbornly elevated last month as gas prices rose, but it's a snapshot of consumer prices before a U.S.-Israeli attack on Iran sent energy costs soaring. Consumer prices rose 2.4% in February compared with a year earlier.... Read More