Biden pardons son Hunter despite previous pledges not to do so
The pardon spares the younger Biden a possible prison sentence for federal felony gun and tax convictions.
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Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales
In recent months, Tavares had come under fire from U.S. dealers and the United Auto Workers union after the release of dismal financial performance reports.
Purdue fires coach Ryan Walters after going 5-19 in his two seasons
It was simply too much to ignore even for a program like Purdue, which rarely fires coaches this quickly.
Carmel company elevates profile through IndyCar and coffee shops
Ted Gelov, the owner of Carmel-based Heartland Food Products Group, is turning to IndyCar to build the brand of Java House, a cold brew coffee product that debuted in 2018.
Office building owners finally see payoff from millions in upgrades
Experts say some improvements—particularly those focused on wellness—help soften the blow for employees returning to their cubicles after growing acclimated to working from home.
Planned low-barrier homeless shelter raises hopes and concerns
The city is preparing to break ground in the next few months, but some housing-first advocates say the shelter doesn’t further the housing-first goal because it won’t include permanent-housing options.
Derek Schultz: IU football fans finally get to live in the moment
If you had posed any of the current playoff scenarios to anyone back in August, much less a die-hard IU football fan, they would’ve laughed you out of the room.
GeniPhys builds momentum with wound care technology
After 10 long years, the company that has developed a collagen biomaterial to help heal tissue is readying itself for its next big steps: regulatory approval and commercial launch.
Rebounding banks see tailwinds ahead
After a tough 2023, most publicly traded banks in the Hoosier state have seen at least a partial rebound in their stock prices this year.
Inflation gauge ticks higher with price pressures still stubborn
Consumer prices rose 2.3% in October from a year earlier. That’s up from 2.1% in September, although it’s still only modestly above the Fed’s 2% target.
U.S. economy grew at 2.8% pace in third quarter on strong consumer spending
Within the GDP data, a category that measures the economy’s underlying strength rose at a solid 3.2% annual rate from July through September, up from 2.7% in the April-June quarter.
Applications for new homes jump 29% in central Indiana
Only one county in the nine-county Indy area reported a year-over-over decrease in single-family building permit filings in October.
Some IPS students leave for Washington Township following rocky Broad Ripple Middle School opening
More than 130 students have left Broad Ripple Middle School since its debut at the start of the school year. Some departing families cited poor communication and a chaotic environment. Some who stayed see significant improvements.
Thanksgiving meal in Hoosier state expected to cost a bit less than last year, per report
The market survey is conducted each year by volunteer shoppers across Indiana who search for the best prices while not using coupons or special promotions.
After fast start, electric cars need a recharge as range limits, cost leave some drivers skeptical
Adding to the headwinds: an incoming new U.S. president who has disparaged government support for electric vehicles.
Trump fills out his economic team with two veterans of his first administration
Trump on Tuesday announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and Kevin Hassett as director of the White House National Economic Council.
Rally pitch contest winner secures $5M investment as asthma test awaits approval
MyBiometry, a Massachusetts-based health technology firm that was one of five winners of the Rally IN-Prize pitch contest last year, has secured $5 million in seed funding and hired its first Indiana employees.
Lilly Endowment CEO gets 2024 Sachem Award
Indianapolis philanthropic leader Clay Robbins is the 19th person to receive the award, meant to honor outstanding community contributions.
Walmart rolling back DEI commitments amid conservative backlash
The retailer has replaced the term DEI with “belonging” and no longer plans to consider race and gender when choosing suppliers—the latter a practice it adopted after the 2020 murder of George Floyd.
U.S. consumer confidence ticks higher on better outlook for hiring
The Conference Board doesn’t break out its responses by party, but another measure of consumer sentiment by the University of Michigan showed that optimism about the economy jumped among Republicans after the election.