Key U.S. inflation measure surges at fastest rate since June
January’s price data exceeded forecasters’ expectations, confounding hopes that inflation was steadily decelerating and that the Fed could relent on its campaign of rate hikes.
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Liquor store ownership group builds 60-store business of varied brands
Indiana Liquor Group has been acquiring stores in small cities and towns since 2019 and typically leaves the business names unchanged.
Area residential builders get off to slow start in 2023
Filings for single-family building permits in central Indiana have fallen on a year-over-year basis for the past 13 months and in 16 of the past 18 months.
Warren Township district seeks tax hike to cover initiatives once COVID aid expires
The Warren Township district is asking voters for an $88 million property tax increase over eight years, in part to maintain the support it received from the Elementary and Secondary School Emergency Relief funding that the state says must be spent by the end of 2024.
IU Health’s operating income falls 25%, squeezed by labor shortage, rising expenses
IU Health said it responded to its highest patient demand ever last year, driven by surges in COVID-19 cases, high counts of critically ill patients, and the need to perform surgeries and other procedures delayed in the pandemic.
Mix Food Halls debut in Indiana at Kroger stores in Carmel, Fishers
Kitchen United describes Mix Food Hall as the “nation’s first multi-restaurant ordering to-go experience.”
U.S. ending extra help for groceries that started during COVID
Nearly 30 million Americans who got extra government help with grocery bills during the pandemic will soon see that aid shrink—and there’s a big push to make sure they’re not surprised.
Talking Heads-inspired tour seeks to recapture joy of 1980 shows
Jerry Harrison and Adrian Belew will bring an 11-member band to the Egyptian Room in Old National Centre for a Feb. 26 performance.
City looking to establish development plan for Indiana Avenue corridor
The Department of Metropolitan Development on Thursday issued a request for expressed interest, or RFEI, which will allow the officials to gauge the appetite developers have to devise an overall plan for the Indiana Avenue neighborhood.
Bills on underused school buildings, cursive writing advance
Meanwhile, Hoosiers have their first new law for the year—and it’s a retroactive business tax deduction in time for tax season.
Humana lays out exit from employer-sponsored coverage
Enrollment growth in employer-sponsored insurance has stagnated for many years for insurers, including market leaders like UnitedHealthcare and Indianapolis-based Elevance Health Inc.
Fishers looks to lower bar for HOAs to make changes
The Fishers City Council is considering an ordinance that would make it easier for new homeowners associations in the city to make changes to covenants and restrictions.
IndyCar to use sustainable tires made from desert shrub
The tires will make their season debut in next week’s opener on the downtown streets of St. Petersburg, Florida.
U.S. revises down last quarter’s economic growth to 2.7% rate
Thursday’s report revised down the government’s estimate of consumer spending growth in the October-December quarter. Business spending also slowed in the fourth quarter, suggesting that the economy lost momentum at the end of 2022.
Study: Smoking costs Hoosier businesses $3.1B annually in ‘hidden tax’
The Indianapolis-based foundation said the study, announced Thursday, shows that if the state cigarette tax increased by $2 per pack, from the current 99 cents per pack, an estimated 45,000 Hoosier adults would stop smoking.
Indians keeping name, forge partnership with Miami Nation
The professional baseball team known as the Indianapolis Indians since 1902 will continue to play under that name for at least two more seasons, it announced Wednesday.
Statehouse, City-County Council poised for dogfight over retail sale of pets
The Indianapolis City-County Council Public Affairs Committee voted unanimously Wednesday in favor of restricting the retail sale of dogs, cats and rabbits, days after the Indiana Senate voted in favor of a law that would override such an ordinance.
Indiana lawmakers back defunding Kinsey sex institute
The Indiana House voted 53-34 to block state funding toward the Kinsey Institute, which has long faced criticism from conservatives
NFT-ticketed VeeCon to bring Busta Rhymes, Deepak Chopra to Indy
Founder Gary Vaynerchuk describes the conference as an opportunity for attendees to explore the topics of business, marketing, entrepreneurship, innovation, ideas, creativity and competition.
Stellantis announces profit-sharing bonuses, increased earnings
Stellantis employs about 7,000 people at plants in Kokomo and Tipton in Indiana.