U.S. stocks fall sharply after Fed hints at just two rate cuts for 2025
The S&P 500 tumbled 2.9%, the Dow Jones Industrial Average lost 2.6%, and the Nasdaq composite dropped 3.6%.
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Embattled Indiana Senate minority leader denies sexual harassment allegations
Democrat Sen. Greg Taylor directly responded to reporter questions in an impromptu availability following a leadership panel at a downtown legislative conference on Wednesday.
Caitlin Clark’s No. 22 to be retired at Iowa’s Carver-Hawkeye Arena
Before joining the Indiana Fever, Clark finished her college career as the all-time leading scorer in men’s and women’s NCAA Division I history
Fed cuts its key rate by quarter-point but envisions fewer reductions next year
New quarterly projections suggest that consumers may not enjoy much lower rates next year for mortgages, auto loans, credit cards and other forms of borrowing.
Supreme Court will hear arguments over law that could ban TikTok in U.S. if it’s not sold
The justices will hear arguments Jan. 10 about whether the law impermissibly restricts speech in violation of the First Amendment.
Accounting firm mergers take off in Indiana, with more expected in 2025
As businesses grow in reach and change the way they operate, accounting firms have been forced to change as well. Their conclusion: “We need to get bigger.”
Braun names next leader of Indiana National Guard
Gov.-elect Mike Braun touted Brig. Gen. Lawrence “Larry” Muennich’s experience in the military and as a business leader.
Walmart’s 82% surge in stock price leaves competitors in dust
Analysts and investors are betting that further market-share gains and contributions from Walmart’s higher-margin ancillary businesses will extend the stock’s rally.
City makes request to acquire downtown heliport as part of proposed stadium district
The Indianapolis Airport Authority is expected to consider the deal Friday during its monthly board meeting, although no sale would be finalized until the heliport is fully decommissioned.
Butler University’s Clowes Hall to expand with 1,200-capacity ballroom
The Allen Whitehill Clowes Ballroom, an 11,000-square-foot venue expected to open in 2027, will be built on the east side of Clowes Hall.
Noblesville City Council approves contentious Morse Village rezoning request
Councilors voted 6-3 to approve rezone for the $250 million Morse Village project on the city’s northwest side.
Late in his term, Biden supports ban on congressional stock trading
For years, bipartisan groups of lawmakers have pushed legislation to ban or limit congressional stock trading. Biden previously declined to take a position on the issue.
Nissan, Honda confirm talks on closer collaboration but cool merger speculation
Nissan’s share price soared more than 22% after reports citing unnamed sources said it might merge with Honda to form the world’s third-largest automaking group.
Leaders in Congress reach tentative deal to avert government shutdown
The bipartisan deal would punt a government shutdown deadline into March, but House Republican infighting could still endanger any agreement and push federal agencies to the brink of shuttering this weekend.
Medicaid costs continue to grow but state lawmakers cautiously optimistic for budget after forecasts
The state’s Medicaid program continues to increase in cost at a rate faster than state’s revenue growth. It hit a tipping point last year when lawmakers learned about a $985 million shortfall in the state’s Medicaid budget.
Spartz to boycott committees, GOP caucus
Fifth District Indiana Congresswoman Victoria Spartz took to social media Monday to say she refuses to go to meetings for committees or the GOP caucus.
Jim Dandy restaurant to close after 60 years in Noblesville
Harry Reasoner opened Jim Dandy in Noblesville in 1964, and the family business later expanded with restaurants in Elwood, Frankfort, Greenfield, Marion, North Vernon and Tipton.
Notre Dame-IU playoff game in South Bend brings unexpected Christmas bonus
“This is our version of the Final Four, of a Super Bowl, of Taylor Swift’s Eras Tour,” said a local tourism official of the late-in-the-year game drawing 80,000 spectators.
Retail sales rose last month in latest sign of U.S. economy’s health
Sales jumped 2.6% at auto dealers, driving most of the gain. Some of that demand likely reflected a need for new cars in parts of the southeast slammed by Hurricane Helene in October, as well as healthy incentives provided by car dealers.
Concert promoters, hotels and lodging sites soon must disclose extra fees up front
Consumers often see advertised prices for hotel rooms, short-term rentals, and tickets to sporting events and concerts only to be surprised later by so-called “junk fees,” including resort fees, cleaning fees, processing fees and other extra charges.