U.S. labor market seen cooling in 2024, Fed surveys show
U.S. employers expect to hire less in 2024, according to several regional Federal Reserve bank surveys, a trend that’s set to limit wage gains and cool inflation pressures.
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Apple Watch sales ban put on hold by U.S. appeals court
An appellate court in Washington, D.C., issued the interim stay Wednesday, a day after Apple sought the delay.
Zent latest state lawmaker to announce departure from General Assembly
The Republican representing House District 51 said Wednesday he will complete his current term but will not seek reelection in 2024. He joins several other GOP legislators who are retiring or resigning.
Judge orders asset freeze for shopping-center owner accused in SEC fraud case
A federal judge in Arizona ordered a freeze on the assets of Jonathan Larmore and his company, ArciTerra, whose holdings include seven Indianapolis-area shopping centers and scores of other properties around the country.
City eyeing big convention year, topped by five major ones
Visit Indy said the city is tracking to have more than 550 conventions, meetings and events in 2024, with many expected to be booked closer to their respective dates.
New York Times sues OpenAI, Microsoft over use of stories used to train chatbots
The suit says OpenAI and Microsoft are advancing their technology through the “unlawful use of The Times’s work to create artificial intelligence products that compete with it.”
Survey: Indiana manufacturers concerned about possible recession in 2024
Respondents to the survey identified persistent inflation, high interest rates, and a continued shortage of workers among the key challenges for the manufacturing industry.
Human remains found at Eleven Park construction site
Developer Keystone Group has discovered “fragments of human remains” at the construction site, on property that was mostly occupied by the city’s first public cemetery in the 1800s.
Arena, city hall among Fishers projects expected to be completed in 2024
The city will have new places to stay overnight and watch a hockey game. Fishers city government will move into a new home, and so will an Italy-based manufacturer.
Summons for Santa Claus: The story behind the Indiana Supreme Court case
Before Santa Claus, Indiana, became a well-known destination for amusement park lovers, two entrepreneurs engaged in a long legal battle that was eventually decided by the state’s highest court.
Auto dealer creates program targeting technician shortage
The National Automobile Dealers Association says the automotive and truck retail industry needs to replace nearly 76,000 techs annually to keep up with retirements and new job demand.
Apple seeks way to get two of its top watches back on shelves during patent dispute
The company cut off sales right before the Christmas holiday and, in a motion filed Tuesday, Apple said it would suffer “irreparable harm” if previous court orders remain.
RayzeBio Inc. to be acquired by drugmaker Bristol Myers Squibb for $4.1B
RayzeBio is building a large factory on the northwest side of Indianapolis to make radioisotopes for cancer treatment.
EV transition cools as demand slows, automakers trim production
U.S. sales of fully electric cars are still growing at a fast clip—they are up by more than 50 percent this year over 2022—but automakers say growth has slowed in recent months, prompting them to trim their production plans and pause some investments.
Americans ramped up spending during holidays despite some financial anxiety, higher costs
The big concern: whether shoppers will pull back sharply after they get their bills in January.
Top Indianapolis development projects to watch in 2024
While most projects, such as Indiana University Health’s new hospital, Old City Hall and Pan Am Plaza, are efforts that will take years to come to fruition, other developments will begin to see substantive movement in the new year.
As pandemic adoption boom cools, pet shelters overflow
U.S. animal shelters will start 2024 in the most overcrowded condition they have been in years, according to a broad survey of animal rescue facilities, a symptom of persistent economic concern as the country’s pandemic pet-adoption boom finally cools.
The 15 most-downloaded IBJ Podcast episodes of 2023
A couple of themes you’ll notice: Entrepreneurs make for popular protests and Pete the Planner is a popular guest. At the top of the list is host Mason King’s interview with restaurateur Mike Cunningham, founder of Cunningham Restaurant Group.
Holiday travel mostly nice, with some naughty disruptions on Southwest Airlines
For this holiday season, U.S. airlines prepared for massive waves of travelers by hiring thousands of pilots, flight attendants and other workers.
Israel, Hamas measures get look as most state legislatures prepare to meet
In Indiana, a key leader has said the House will prioritize addressing antisemitism.