Fed’s favored inflation gauge accelerates slightly
The increases in the Commerce Department’s personal consumption expenditures, or PCE, price index were what forecasters had expected.
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National consultant joins Indiana group supporting independent candidates
IBJ spoke to Will Conway, a New York City-based veteran of multiple independent campaigns and movements, including that of Andrew Yang’s Forward Party.
IBJ names Ellspermann, Hathaway as first winners of new career, mentorship awards
The Career Achievement Award and the Women of Influence Mentorship Award will make their debut on Oct. 21 at IBJ’s 19th Women of Influence event.
Scott Dorsey to Rally crowd: AI age reminiscent of dawn of the internet, but ‘so much faster’
At the annual Rally innovation conference, High Alpha founder Scott Dorsey joined Colorado-based tech entrepreneur Godard Abel for a chat about who will win—and who will lose—in the age of artificial intelligence.
Hoosier farmers celebrate Taiwan’s pledge to buy $6B in U.S. corn and soybeans
With Indiana Gov. Mike Braun and Lt. Gov. Micah Beckwith on hand, leaders of Indiana’s corn and soybean lobbies signed letters of intent with officials from Taiwan on Thursday.
New-home applications see sharp August decline in central Indiana
The year-over-year decline in single-family building permits was the first since March in the nine-county area.
Christel House International to open schools in Nepal, Colombia
The educational not-for-profit founded in 1998 by the late businesswoman and philanthropist Christel DeHaan is making its first major global expansion since her death in 2020.
Judge approves $1.5B copyright settlement between AI company Anthropic and authors
About 465,000 books are on the list of works pirated by Anthropic, according to Justin Nelson, an attorney for the authors.
Trump signs executive order supporting proposed deal to put TikTok under US ownership
Much is still unknown about the actual deal in the works, but President Trump said at a White House signing ceremony Thursday that Chinese leader Xi Jinping has agreed to move forward with it.
Trump to put import taxes on pharmaceuticals, kitchen cabinets, furniture and heavy trucks
Trump said on Truth Social that the pharmaceutical tariffs would not apply to companies that are building manufacturing plants in the United States, which he defined as either “breaking ground” or being “under construction.”
Heartland film fest documentary looks back at Indiana’s inventive dog-show journalist
New documentary “Sincerely, Ric” shares the rags-to-riches-and-back-again story of Montpelier native Ric Routledge, founder of the Canine Chronicle newspaper and “Canine Chronicle Video Magazine.”
Rokita to deny state contracts to law firms that use DEI practices
Starting Oct. 24, the policy will allow the attorney general to block a state agency’s request for outside counsel if the law firm engages in discriminatory practices.
Amazon to pay $2.5B to settle FTC allegations it duped customers into enrolling in Prime
The Seattle company will pay $1 billion in civil penalties—the largest fine in FTC history, and $1.5 billion will be paid to consumers who were unintentionally enrolled in Prime, or were deterred from canceling their subscriptions, the agency said Thursday.
Economy expanded at faster-than-expected pace in 2nd quarter
U.S. gross domestic product—the nation’s output of goods and services—rebounded strongly in the spring from a 0.6% first-quarter drop.
Column: Indianapolis Colts owner Carlie Irsay-Gordon is acting like a boss, no notes
Carlie Irsay-Gordon’s presence on the sidelines provides the antithesis of the way NFL broadcasts normally present femininity, writes The Washington Post’s Candace Buckner.
Starbucks to close hundreds of stores, lay off 900 workers as part of turnaround plan
The company said it also plans to redesign more than 1,000 locations in the next 12 months to give them a warmer, more welcoming feel.
Trump’s corporate tax break worth $67B hits Biden-era snag
Trump’s recently enacted tax law sweetened a break for corporate research and development investments, a provision especially valuable to technology, pharmaceutical and manufacturing businesses. But some businesses won’t be able to take full advantage of the break.
Aer Lingus to add extra weekly seasonal flight to Indy-to-Ireland route
The nonstop route between Indianapolis International Airport and Dublin Airport is on pace to exceed more than 20,000 total passengers by the end of September.
First Merchants Bank announces merger with Jeffersonville bank
The combined company is expected to continue to do business under the First Merchants Bank brand and would have combined assets of $21 billion.
