Fed sees rates staying high for some time, with cuts eyed in 2024
Officials “reaffirmed that it would be appropriate for policy to remain at a restrictive stance for some time until inflation was clearly moving down sustainably.”
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Curling rinks are latest attraction on Indianapolis Cultural Trail
Billed as “Curling on the Canal,” two synthetic ice rinks for curling—the sport in which players slide “stones” toward a target—are available for free play at Vermont Street Plaza.
Victim lawsuit alleges Greenwood mall owner, security could have stopped fatal shootings
Victims of the July 2022 shooting at the Greenwood Park Mall are suing Simon Property Group and its security company, alleging that the shooting that left three people dead and others injured was foreseeable and could have been prevented.
Nevada company sues Lilly for breach of contract over Alzheimer’s drug
Lilly called the lawsuit “baseless” and said PDL BioPharma “has no plausible claim to royalties” for donanemab, which is expected to be approved by the FDA this quarter.
‘Bleisure’ travel giving short-term rentals like Airbnb a boost over hotels
Some call it “ bleisure travel,” “laptop lugging,” “workations” or simply “blended travel.” Whatever it’s called, it could upend the traditional divide between leisure and business travel.
U.S. job openings, quits and hiring ease as labor market cools
After reporting troubles in expanding headcount throughout the pandemic, many employers are now scaling back hiring plans without resorting to outright job cuts.
Indiana lawmakers set to tackle several major education topics
Although Indiana lawmakers maintain the 2024 legislative session will be quicker, quieter and “noncontroversial,” there’s no shortage of critical—even touchy—education-related topics expected to be prioritized in the coming months.
Indiana GOP files legal brief against Rust in primary challenge
The Indiana Republican State Committee filed an amicus brief last week supporting a law that limits who can run under major political party banners in Indiana.
Pacers sign uniform patch sponsorship deal with Fishers-based Spokenote
At Wednesday’s home game against the Milwaukee Bucks, the Pacers will debut their new Spokenote patches, which feature a black-and-white QR code. No other major sports team has ever had a QR code on its jersey until now, the Pacers said.
UAW members at Allison Transmission gear up for strike if contract talks don’t progress
The 1,500 members of UAW Local 933 are making plans to walk out at Allison Transmission if the company doesn’t meet the union’s demands.
Indianapolis-based Market Wagon acquires St. Louis company
Indianapolis-based Market Wagon, which offers home delivery of food and artisan items, has grown its customer base in the St. Louis area with the purchase of Find Your Farmer Inc.
U.S. national debt eclipses $34 trillion for first time
The new milestone comes as lawmakers brace for fiscal showdowns over spending levels in the new year.
Warren Buffett, Phil Knight among top charity donors of 2023
The 2023 list of gifts from individuals or their foundations totaled more than $3.5 billion. Four universities received big gifts, along with four scientific research institutes and a health care system.
Snug bar is Irvington’s new cozy castle of Irish whiskey
Irish whiskey is represented in more than 90 bottles of different brands displayed at Snug, which opens Tuesday.
City hopes to start Union Station overpass rehabs this year, land new tenant for Grand Hall
Each street running below the overpasses—including adjacent stretches in the open air—would undergo improvements, to cut down on vehicle parking, increase pedestrian access and pay homage to historical and cultural milestones in the city’s history.
Electric vehicle models eligible for $7,500 tax credit cut to 13
Narrower criteria reduced the number of qualifying models to 13 from about two dozen, according to federal data. The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.
Child care legislation coming, but costs make passage iffy
Indiana lawmakers expect to file and advance significant child care legislation during the upcoming session, after years of advocacy from Hoosier parents, child care providers and worker-strapped businesses.
IBJ Podcast: Statehouse reporters preview the upcoming legislative session
Managing Editor Greg Weaver talks with two Statehouse reporters—IBJ’s Peter Blanchard and State Affairs’ Kaitlin Lange—about what to expect at the Legislature in the coming weeks.
Five things to know about the new FAFSA form for college aid
The redesigned form is a product of two bipartisan laws passed three years ago to streamline the application process and increase access to grant and scholarship money.
Millennials find way to buy houses: Living with mom and dad
Hunkering down with family offers breathing room to save for a home. The trade-off comes down to temporarily relinquishing a measure of independence to achieve a milestone increasingly out of reach for people their age.