Federal Reserve cuts key interest rate by a sizable half-point, signaling end to its inflation fight
The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.
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Some tech companies are still grappling with remote vs. in-office work—and there’s no consensus answer
In the Indianapolis area, some firms continue to operate remotely and say they wouldn’t have it any other way. Others, though, say their companies run better when employees are in the office at least some portion of the week.
Federal Reserve set to cut interest rates for first time in 4 years
At issue is how fast the Fed wants to lower interest rates to a point where they’re no longer acting as a brake on the economy—nor as an accelerant. Where that so-called “neutral” level falls isn’t clear.
IBJ Media names Greg Weaver editor of the Indiana Lawyer
Weaver will lead the four-person staff of the Indiana Lawyer, which is part of the IBJ Media newsroom that includes the Indianapolis Business Journal and Inside INdiana Business.
GM offering adapters to help electric vehicle owners access Tesla chargers
The Detroit automaker said Wednesday that it is opening up access to more than 17,800 Tesla Superchargers for its customers, with the use of a GM approved NACS DC adapter.
UAW moves toward Stellantis strike as tensions escalate
The United Auto Workers will ask members to green light a strike against Stellantis NV, escalating an already tense standoff with one of the world’s largest car manufacturers.
Noblesville to build police station at former Firestone factory site
The new station for the Noblesville Police Department will be constructed at 1700 Division St., where a Firestone Tire and Rubber Co. used to operate for more than seven decades.
Amazon boosts warehouse worker pay by at least $1.50 an hour
Employees will start receiving Prime, Amazon’s speedy shipping and video subscription service, as part of their compensation beginning early next year, the company said.
WNBA awards Portland expansion franchise that will begin play in 2026
It’s the third expansion franchise the league will add over the next two years, with Golden State and Toronto getting the other two.
Iconic Tupperware Brands seeks Chapter 11 bankruptcy
In Tuesday’s bankruptcy petition, Tupperware reported more than $1.2 billion in total debts and $679.5 million in total assets. Shares for the company have fallen 75% this year and closed Tuesday at about 50 cents apiece.
Toy Pit collectibles store plans move to 38th and College
The Toy Pit, founded by Fort Wayne native Mike Schott, sells collectibles and toys dating from the 1970s to the present.
IU, Indiana Biosciences Research Institute partner on new personalized medicine center
The Joint Center of Excellence for Point of Care Precision Medicine aims to develop better personalized care for patients with diabetes, cancer, Alzheimer’s disease and pediatric rare disease.
Psychiatric hospital committed medical negligence, complaint alleges
A complaint filed last week with the Indiana Department of Insurance alleges gross violations of care at an Indianapolis behavioral health facility.
Gubernatorial candidate Braun includes teacher pay, K-12 curricula in education platform
U.S. Sen. Mike Braun’s policy agenda emphasizes seven specific points—mostly in line with existing Indiana GOP positions and initiatives.
Hillenbrand makes $55M real estate deal for two Ohio properties
The agreement calls for Hillenbrand Inc.’s Ohio-based subsidiary, Milacron LLC, to sell the two Ohio properties, then lease them back for about $5 million per year.
Colts co-owner Kalen Jackson part of surge in women in pro football operations
Jackson said her father, Jim Irsay, made her feel welcome to work in the family business, instilling in her and her sisters a belief they belonged in a male-dominated industry that is seeing more growth for women.
Braun, Republican ticket hold hefty lead in Indiana in new poll
Meanwhile, former President Donald Trump has a major advantage over Vice President Kamala Harris in the state.
Smoothie King plans four new locations in central Indiana
Two Indianapolis stores as well as locations in Speedway and Franklin are expected to serve Smoothie King blends by next summer.
Carmel-based Merchants Bank hires new CFO
Merchants Bank’s new chief financial officer, Sean Sievers, comes to the Carmel-based bank after holding similar positions at some of the nation’s largest banks and mortgage lenders.
