Big Tech’s hefty AI spending is reshaping the slowing economy
Google, Meta, Amazon and Microsoft reaffirmed this past week that they are on track to spend more than $350 billion this year building and equipping AI data centers.
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Amazon to cut Wondery staff, reorganize audio business
The moves are an acknowledgement that Amazon’s big push into podcasts hasn’t worked out as planned.
Thousands of Midwest Boeing workers who build fighter jets, weapons go on strike
The vote followed a weeklong cooling-off period after the machinists rejected a proposed contract that included a 20% wage increase over four years and $5,000 ratification bonuses.
Vast majority of adults stressed about grocery costs, poll finds
Other financial stressors—like the cost of housing or the amount of money in their bank accounts—weigh more heavily on younger Americans, according to polling.
IBJ Podcast: Christine Brennan on Caitlin Clark’s cultural influence and the WNBA’s growing pains
The sports broadcasting veteran speaks candidly on her new book about Clark, the WNBA’s flawed handling of Clark’s debut and its continuing struggle with balancing promotion, parity and politics
Funeral businesses quickly embracing AI tools for generating obituaries
Thousands of funeral homes now offer obituary generators. The shift has created some division in the industry, with some old-timers unnerved by the coldness of it all—or by the thought it might help take their jobs away.
The newest side effect of hair loss—growing anxiety and depression
Hair loss isn’t new. What’s different today, experts say, is that male anguish about it has never been more evident. Social media, dating apps, “Zoom dysphoria” and a sometimes predatory marketplace are stoking the anxiety.
Tesla found partially liable for fatal 2019 crash, hit with $243M in damages
The verdict is a stunning rebuke for CEO Elon Musk’s company, which for years has avoided responsibility when its technology is involved in a crash.
Trump fires labor statistics chief after large revision to jobs report
Revisions to job reports are common, but Trump claimed the changes were “rigged” to make him look bad. The episode underscores questions about the independence and stability of the federal agencies tasked with reporting the nation’s most critical economic data.
NFL on the verge of selling media assets to ESPN for an equity stake in the network, sources say
The proposed move comes as ESPN is expected to soon launch its direct-to-consumer service, likely before the end of August.
Corporation for Public Broadcasting announces shutdown following funding loss
President Donald Trump launched a successful campaign to claw back the $1.1 billion allocated for the organization for the next two years, a measure he signed into law last month.
Indiana’s state police, prisons and more ink immigration enforcement agreements with ICE
A trio of Indiana agencies have signed up for federal immigration enforcement powers, Indiana Gov. Mike Braun announced Friday.
Gaylor internships give high schoolers glimpse of possible future
Gaylor Workforce Development Coordinator Amy Perlich said the company’s internship program teaches students everything from how to introduce themselves to employees and customers to how to bend conduit, pull wire and build electrical boxes.
UIndy embraces growing role for nurse practitioners in hospitals
The University of Indianapolis is launching a program this month to prepare nurse practitioners, long a fixture in primary care exam rooms, to care for complex and critically ill patients in hospitals.
Restaurants balance rising, unpredictable costs with what customers value
Economic uncertainty has seeped into the attitudes of restaurant customers.
NCAA seeks safe bet amid surge in sports gambling
The organization’s once-icy relationship with the sports betting industry is beginning to thaw, but the Indianapolis-based nonprofit is still holding legalized gambling at arm’s length as it evaluates the impact on college sports.
Amid urban walkability push, zoning stalls some projects
Development restrictions along the route of IndyGo’s future Blue Line intended to foster transit-oriented development have created difficulties for two projects along East Washington Street.
Q&A: Ahmed Young, incoming leader of the Indianapolis Foundation, on going from Walmart to philanthropy
Ahmed Young, who is making the jump from the No. 1 company in the Fortune 500 to leading the 110-year-old Indianapolis Foundation, says the key to success is always about relationships.
Trump calls on the Federal Reserve board to take full control of central bank from Powell
Fed Chair Jerome Powell has held the benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact President Trump’s massive tariffs had on inflation.
Medicare, Medicaid plans to experiment with covering weight loss drugs
Trump administration officials have offered mixed messages about GLP-1s and whether they should be relied upon for weight loss by obese and overweight Americans.