Fed’s Powell says one or two more rate hikes might be needed in 2023
Speaking on Capitol Hill for a second day, Federal Reserve Chair Jerome Powell said returning U.S. inflation to 2% is crucial to support the long-term health of the U.S. economy.
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District Theatre show to spotlight multi-faceted Josephine Baker
Known for her burlesque performances in the 1920s, Josephine Baker broke ground as the first Black woman to star in a major motion picture.
Men returning to offices faster than women, new report shows
The share of men who worked at least partly at home on an average day dropped to 28% in 2022 from about 35% the year before, results of an annual survey published Thursday by the Bureau of Labor Statistics showed.
‘Unrestricted’ path for students seeking bachelor’s degrees unveiled by Ivy Tech, Purdue Global
Purdue Global and Ivy Tech announced a new program earlier this month focused on some of the roughly 350,000 Indiana adults who have some college credit but haven’t obtained a degree.
Overstock to buy Bed Bath & Beyond’s intellectual property
The $21.5 million deal—which covers Bed Bath & Beyond’s brand name, business data and digital assets but excludes its brick-and-mortar stores—must still be approved by New Jersey’s bankruptcy court.
U.S. home sales inch up amid record-low inventory, biggest annual drop in prices since 2011
The U.S. housing market has yet to emerge from a slump that started a little more than a year ago, when the average rate on a 30-year mortgage began to climb from ultra-low levels.
Lennar Homes planning 96 townhouses in Lebanon near LEAP district
The plan commission voted unanimously to recommend the rezoning request for Corbett Towns, which include 17 new buildings on 12 acres of undeveloped land.
Purdue, High Alpha partner on business, startup programs to be housed at Bottleworks
High Alpha’s space in the Bottleworks District will house Purdue executive education programs in the Mitch Daniels School of Business alongside Purdue-connected inventors and entrepreneurs.
Nuggets trade into draft’s first round by swapping picks with Pacers, source says
The Pacers still have the seventh, 26th and 55th picks in Thursday’s draft, in addition to the newly acquired 40th pick.
Indiana youth face mental health crises, declining school performance
Post-pandemic educational performance is declining while adolescents report higher rates of mental health crises such as depression and suicidal ideation, according to a presentation from the Indiana Youth Institute at a Commission on Improving the Status of Children meeting Wednesday.
Indiana’s new requirements for teaching reading count on prepared teachers
By 2025, new Indiana teachers will be required to demonstrate their proficiency in the science of reading—a term for a wide body of research that emphasizes phonics, fluency, vocabulary, comprehension, and phonemic awareness in reading instruction.
Carmel-based software business Baker Hill set for new ownership
Established in 1983 by entrepreneurs Mark Hill and Karen Hill, Baker Hill is a software-as-a-service firm that provides loan origination, risk management and analytics software to more than 400 banks and credit unions.
Prosecutors urge 3-year prison sentence for former Indiana congressman
Steve Buyer, 64, of Noblesville is scheduled to be sentenced on July 11 for his March conviction by a jury on four securities fraud charges.
EPA boosts use of biofuels, but holds steady for corn-based ethanol production
The plan represents a decline from a proposal announced last year and drew immediate criticism from the biofuels industry. Environmental groups also were disappointed, saying EPA’s continued push for ethanol and other biofuels will hamper U.S. climate efforts.
U.S. approves chicken from cultivated cells, the nation’s first ‘lab-grown’ meat
The move launches a new era of meat production aimed at eliminating harm to animals and drastically reducing the environmental impacts of grazing, growing feed for animals and animal waste.
Fed’s Powell: More rate hikes likely this year to fight still-high inflation
The contrast between the Fed’s stated concern over still-high inflation and its decision to skip a rate hike has heightened uncertainty about its next moves.
Amazon accused of enrolling consumers into Prime without consent, making it hard to cancel
Amazon was sued Wednesday by Federal Trade Commission, which accused the company of using deceptive designs, known as “dark patterns,” to deceive consumers into enrolling in the Prime program.
Indiana one of two states competing for $50B semiconductor plant
The Indiana Economic Development Corp. disclosed that it is also courting a $3.2 billion data center project that could result in 250 high-wage jobs in Boone County.
Lucas Oil Stadium to host Saturday events for 2024 NBA All-Star Weekend
Event organizers plan to use the south end of Lucas Oil to accommodate 35,000 spectators for on-court activities, including the Slam Dunk competition, the 3-Point Contest and the Skills Challenge.
Battery maker EnerDel lays off most of its employees, workers say
The company reported having 60 employees in the United States in early 2022, though it’s not known if that number included about 25 employees at an engineering center in California.