Projects in New Albany, Millersport expected to create more than 100 jobs
Two central Ohio business projects are expected to add more than 100 new jobs to the region. Both projects last week were awarded state tax breaks. Axium Packaging, which produces plastic packaging for personal care, food, home, hygiene and other products, is planning to build a new facility in New Albany and Jersey Township for [...]
Keystone pipeline plan could be revived
TORONTO (AP) — Canadian Prime Minister Mark Carney raised the prospect of reviving the Keystone XL pipeline project with President Donald Trump during his White House visit last week, a government official familiar with the matter said. A Canadian company pulled the plug on it four years ago after the Canadian government failed to persuade [...]
Fed minutes: Most officials supported further rate cuts as jobs concerns rose
WASHINGTON (AP) — Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, according to minutes from September’s meeting released last week. A majority of Fed officials said they felt that the risk that unemployment would rise had worsened since their previous meeting in July, while [...]
NCAA moves closer to allowing college athletes to bet on professional sports
The NCAA last week moved a step closer to allowing athletes and athletic department staff members to gamble on professional sports. The Division I Administrative Committee approved the change, which must still be approved by Division II and III for it to go into effect. If approved by all three divisions, it would go into [...]
PepsiCo reports strong sales in third quarter
PepsiCo reported better-than-expected revenue in the third quarter despite weaker demand for its snacks and drinks in North America. Revenue rose 2.6 percent to $23.94 billion in the July-September period. That was better than the $23.84 billion Wall Street was expecting, according to analysts polled by FactSet. In North America, PepsiCo said sales volumes for [...]
NYSE owner to invest up to $2B in Polymarket
New York Stock Exchange owner Intercontinental Exchange is investing up to $2 billion in Polymarket and will partner with the company on future tokenization initiatives. Polymarket lets users buy and sell shares of potential event outcomes, with every trade matched peer-to-peer through smart contracts. The company, which was founded in 2020, has been sought out [...]
NCAA plan could result in sponsor logos on uniforms
INDIANAPOLIS (AP) — An NCAA committee has proposed a change to rules barring commercial logos on uniforms in a move that would clear the way for sponsor patches to appear on jerseys next year. Under current rules, the only commercial logo permitted on athletes’ equipment or apparel during regular-season games is the logo of the [...]
Meme stock resurgence prompts return of meme ETF
NEW YORK (AP) — A resurgence of meme stock interest has prompted the return of a one-stop fund for the volatile and quirky investments. Roundhill Investments is launching a meme ETF, which is an exchange-traded fund consisting solely of meme stocks. Several of those stocks have ridden a wave of meme investment sentiment this year. [...]
Suit challenges vote to gift Miami plot for Trump library
TALLAHASSEE, Fla. (AP) — A Miami activist alleges that officials at a local college violated Florida’s open government law when they gifted a sizable plot of prime downtown real estate to the state, which then transferred it to the foundation for Donald Trump’s future presidential library. The nearly three-acre property is a developer’s dream and [...]