Former gaming exec, former lawmaker sentenced | Indiana News

A former Indiana state senator and longtime gaming executive Hoosier were sentenced to federal prison terms on Wednesday for their role in a scheme that illegally funneled money from a gaming company to the politician’s unsuccessful campaign for Congress in 2016. The federal investigation into Republican Brent Waltz’s campaign contributions linked to casino company attorney … Read more

US retail sales little changed in July as auto, fuel buying drop | Retail News

A decline in US consumer spending is critical in the Federal Reserve’s fight against inflation. U.S. retail sales stagnated last month on lower auto purchases and lower gasoline prices, though gains in other categories suggest consumer spending remains resilient. The value of overall retail purchases was flat last month after a revised 0.8% jump in … Read more

Seneca leaders to celebrate gaming compact’s 20th anniversary | Local News

Two decades ago this week, former Seneca Nation of Indians President Cyrus Schindler and former Governor George Pataki signed the gambling pact that paved the way for the nation to open three casinos in western New York, including the Seneca Niagara Casino in Niagara Falls. Seneca executives will gather at Casino Falls today to mark … Read more

Which EVs Qualify for New US Tax Credit? Websites Offer Help

BY TOM KRISHER and FATIMA HUSSEIN, Associated Press WASHINGTON (AP) — As part of the rollout of a huge new climate, tax and healthcare law, the U.S. government is moving forward with its plan to provide new tax credits to vehicle buyers electrical. Several new websites were launched on Tuesday to help people identify vehicles … Read more

Severe US housing downturn ‘possible,’ prices could fall 15%: Fitch

The likelihood of a “serious downturn” in the US housing market is rising, according to new indications from credit rating agency Fitch. Fitch’s Likely Projections suggest that U.S. home prices could fall 10-15% in the event of a major housing crisis, alongside a decline of around 30% or more in housing activity over the next … Read more

Starbucks accuses US labour officials of helping workers unionise | Workers’ Rights News

The coffee giant is asking the National Labor Relations Board to temporarily suspend all union elections in American stores. Starbucks is calling on the U.S. National Labor Relations Board (NLRB) to temporarily suspend all union elections at its stores in the United States after accusing the agency of interfering with and influencing election results in … Read more

Analysis: American recession fears collide with reality

The stark GDP report released on July 28, showing the economy had contracted for a second consecutive quarter, led some to insist that the dreaded recession had already arrived. And in some ways, that makes sense: since 1948, every period of consecutive quarters of negative growth has coincided with a recession. But the argument that … Read more

Reuters Exclusive – Wall Street Revives Russian Bond Trading After US Go-Ahead

New York – Several major Wall Street banks have begun offering to facilitate Russian debt deals in recent days, according to bank documents seen by Reuters, giving investors another chance to dump assets widely seen in the West as toxic. Most U.S. and European banks pulled out of the market in June after the Treasury … Read more

US Employers Struggle to Find Enough Workers

WASHINGTON- Vendors, food servers, postal workers – “Help Wanted” ads are proliferating across the United States, as businesses struggle to deal with a labor shortage caused by the pandemic, a wave of early retirements and restrictive immigration laws. More than 10 million jobs went unfilled in June, government data shows, while fewer than 6 million … Read more

Congress OKs Dems’ climate, health bill, a Biden triumph

WASHINGTON (AP) — A divided Congress gave final approval on Friday to the Democrats’ landmark climate and health care bill.offering President Joe Biden a triumph back from the dead on coveted priorities that the party hopes will bolster their chances of retaining their House and Senate majorities in November’s election. The House used a 220-207 … Read more