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Indiana University fires student newspaper adviser who refused to block news stories

(AP) — Tension between Indiana University and its student newspaper flared this week with the elimination of the outlet’s print editions and the firing of a faculty adviser, who refused an order to keep news stories out of a homecoming edition. Administrators may have been hoping to minimize distractions this homecoming weekend as the school prepares to celebrate a Hoosiers football team with its highest-ever national ranking. Instead, the controversy has entangled the school in questions about censorship and student journalists’ First Amendment rights. Advocates for student ...

U.S. stocks cruise toward the finish of their record-setting week

NEW YORK (AP) — U.S. stocks are adding to their records on Friday as Wall Street cruises toward the finish of another winning week. The S&P 500 rose 0.3% and is heading toward the close of its seventh winning week in the last nine. The Dow Jones Industrial Average added 439 points, or ...

Fed’s favored inflation gauge accelerates slightly in August

WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and most since February. Excluding volatile food and energy prices, so-called core PCE inflation showed a 2.9% increase in prices from August 2024, same as in July. The increases were what forecasters had expected. Prices rose 0.3% from July, compared to a 0.2% ...