Consumer protection agency finalizes rule limiting overdraft fees
The agency estimates the new rule would save consumers about $5 billion in annual overdraft fees, or $225 per household that typically experiences the fees.
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Congress passes Young-backed bill to add more U.S. judges, but veto looms
A bill that would create dozens of new federal judgeships across the country received final approval in Congress on Thursday morning, setting up a likely veto from President Joe Biden even as his administration pushes to confirm his final nominees to fill existing judicial vacancies.
FTC sues largest wine and spirits distributor, saying it discriminates against smaller stores
Southern Glazer’s Wine and Spirits distributes one out of every three bottles of wine and spirits in the U.S. and serves commercial customers such as Total Wine, Costco and Kroger.
Ten tuneful ways to ring in 2025 in Indianapolis
One way to select a New Year’s Eve music event in Indianapolis is to gravitate to your favorite decade. Here are 10 options where music from different eras will accompany the arrival of 2025.
Neighbors push back on east-side development proposal
An out-of-state investment firm with plans to redevelop a rundown east-side retail center intends to refine its approach to the project weeks after hearing objections from neighbors—some of whom have their own ideas for the property.
City says Jail I building demolition to begin by end of year
The $4 million demolition, which is being led by Indianapolis-based Renascent Inc., comes after the building was vacated by the Marion County Sheriff’s Office in 2022.
Hoosier voter turnout down, but higher than in 2012, 2016 elections
Seventy-six counties reported drops, but the percentage change hit double digits in Hendricks and Vermillion counties.
Nearly half of U.S. teens are online ‘constantly,’ Pew report finds
As in past years, YouTube was the single most popular platform teenagers used. There was a slight downward trend in several other popular apps teens used.
Wholesale inflation accelerates sharply on higher food prices
Measured from 12 months earlier, wholesale prices climbed 3% in November, the sharpest year-over-year rise since February 2023.
Biden commutes roughly 1,500 sentences, pardons 39 people in biggest single-day act of clemency
The outgoing president said he would be taking more steps in the weeks ahead and would continue to review clemency petitions.
UPDATE: IU lands $138M grant from Lilly Endowment to fund new biosciences accelerator
The gift is the largest grant that Indiana University has ever received in support of research and development. IU President Pamela Whitten said the funding will help “change the very landscape of our capital city and state.”
Gov.-elect Braun selects pharmacy leader as health secretary
Dr. Gloria Sachdev will oversee four major state agencies: the Department of Health, the Family and Social Services Administration, the Department of Child Services and the Department of Veteran Affairs.
Developer proposes plan for mixed-use buildings at Grand Millennium in Westfield
The plan would feature approximately 366 apartment units, 60,000 square feet of medical office space, 12,500 square feet of retail space and 447 parking spaces.
Trump to be honored as Time’s person of the year
President-elect Donald Trump also will ring the opening bell at the New York Stock Exchange.
Nicole-Taylor’s restaurant to rebrand as Corridor in 2025
Owners Erin Kem and Logan McMahan purchased Nicole-Taylor’s, 1134 E. 54th St., from founders Rosa Hanslits and Tony Hanslits in July 2023.
New sports bar Tom’s Watch opens in downtown Indianapolis
Indianapolis is the 13th Tom’s Watch Bar location. The 10,000-square-foot restaurant features 135 screens as well as a full food and drink menu.
Indianapolis courier company acquired by Minnesota logistics firm
Leaders of Indianapolis-based Now Courier expect company growth to continue following the acquisition by Minneapolis-based Priority Courier Experts.
Indiana education officials green-light high school diploma overhaul
The overhaul has been pitched by state officials as a way to boost Indiana’s dismal college-going numbers, but more critically, to also ensure that all Hoosier students—college-bound or not—graduate from high school with high-value, work-ready skills.
Holcomb, IEDC cap off year with record $39.1B in expected private investments
The investment total continues a trend of record-breaking years for the IEDC. The state has improved its annual total every year since Gov. Eric Holcomb took office (with the exception of 2020 due to the pandemic.)
IEDC requests additional $60M for Lilly, Meta land, infrastructure at LEAP
The state’s job-creation agency is seeking $27 million to purchase about 307 acres and pay for deposits and option payments for additional land west of Interstate 65. Another $33 million is being sought for infrastructure work.