Pittsburgh-based U.S. Steel is being acquired by Tokyo-based Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The price tag for U.S. Steel is nearly double what was offered just four months ago by rival Cleveland Cliffs. ... Read More
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time. Speaking at a news conference, Chair Jerome Powell said that Fed officials are likely done raising interest rates because of how steadily inflation has cooled.... Read More
Starbucks said Friday it’s committed to bargaining with its unionized workers and reaching labor agreements next year, a major reversal for the coffee chain after two years fighting the unionization of its U.S. stores.... Read More
The nation’s employers added a solid 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing.”... Read More
Schools paying athletes has been banned by the NCAA for decades, but a new proposal by the head of the largest college sports governing body in the United States is aimed at changing that.... Read More
Home loan financing costs eased again this week, as the average long-term U.S. mortgage rate slid to its lowest level in four months. The average rate on a 30-year mortgage dropped to 7.03% from 7.22% last week, mortgage buyer Freddie Mac said Thursday. ... Read More
NCAA President Charlie Baker says he wants the organization to create a new tier of Division I athletics where schools with the most resources can offer unlimited educational benefits, enter into NIL partnerships with athletes and directly pay them through...... Read More
A federal jury in Illinois ordered $17.7 million in damages—an amount tripled to more than $53 million under federal law—to several food manufacturing companies who had sued major egg producers over a conspiracy to limit the egg supply in the U.S.... Read More
Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said Friday.... Read More
The Indiana Hoosiers have hired Curt Cignetti as their new coach, school officials announced Thursday. Shortly after the announcement, James Madison University officials said Cignetti had resigned, but will coach the Dukes in their bowl game.... Read More
