IRS: Growing gap between U.S. income taxes owed and paid
Money from a recent $80 billion infusion for the IRS from the so-called Inflation Reduction Act will be used to help audit high-income earners who do not pay their full tax liability.
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BJ’s Wholesale Club planning second Hamilton County store
After opening its first Indiana store late last month in Noblesville, the Massachusetts-based shopping club chain has filed plans to build another store in Hamilton County.
Higher interest rates will lower winter home sales more than usual, experts say
The cold months pretty much always herald a drop in residential real estate sales. It just isn’t a great time to schlep around looking at houses. This season, however, is expected to bring a lower dip than in recent years.
Mark Montieth: Expect an exciting but underperforming Pacers season
The average age of the core players expected to get consistent playing time is the youngest in franchise history. But that group also is the most athletic.
With new funding, Kheprw seeks to develop Black entrepreneurs
An organization focused on empowering Black residents in Indianapolis has received a huge boost as one of the first recipients of funding through the Indianapolis African American Quality of Life initiatives.
State-led coalition vying for federal funds to create a hydrogen hub
The Indiana Economic Development Corp., along with public and private partners, is hoping for a piece of $7 billion in grants to establish northwestern Indiana as one of a handful of hydrogen hubs nationwide.
Michael A. Carroll Award: Melangton’s commitment makes community impact
For nearly 40 years of consensus-building and tireless passion to Indianapolis causes, Allison Melangton is the 29th recipient of the Michael A. Carroll Award.
NICO Corp.’s brain surgery tools gain traction, $12.6M in new funding
After 15 years of coaxing and cajoling the medical community to consider a different way to do brain surgery, NICO co-founder Jim Pearson has numbers to show more surgeons and investors are buying into his vision.
Fed seen aggressively hiking rates again, triggering global recession
Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a U.S. and global recession, economists surveyed by Bloomberg said.
Task force recommends crackdown on bad landlords, more funding to ease housing woes
An interim study committee examining solutions to Indiana’s housing crisis on Thursday approved a lengthy list of recommendations for future legislation.
Central Indiana existing home sales continue downward slide
In Marion County—the most active market in central Indiana—closed sales of existing homes in September were down 16.1% on a year-over-year basis.
Can Democrats put dent in Indiana GOP’s legislative supermajority?
In order to break the Republican supermajority in both chambers, Democrats would need to gain five House districts and six Senate seats in the Nov. 8 election.
Key U.S. inflation gauge stayed at high 6.2% in September
A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily.
Indianapolis-based ed-tech firm Willo acquired by textbook retailer Follett
Follett, an educational services company with about 6,000 employees nationwide, said it plans to keep Willo’s employees, local Indianapolis presence and brand name. Plans also call for expanding Willo’s 15-person staff.
Meijer plans to build smaller-format grocery store on west side of Noblesville
The retail giant plans to build a grocery store and gas station near the northeast corner of the intersection of State Road 32 and Little Chicago Road.
Jim Irsay on mission to spread mental health awareness
The Indianapolis Colts owner, who has publicly battled alcoholism and addiction, has made it a personal mission to help people by breaking down barriers surrounding mental health.
Top Twitter executives fired as Elon Musk takeover begins
Musk became Twitter’s owner late Thursday as his $44 billion deal to take over the company closed, marking a new era for one of the world’s most influential social media platforms.
Biden signs international climate deal to limit refrigerants
More than 130 nations, including China, India and Russia, have formally ratified the agreement, which compels countries to limit the use of hydrofluorocarbons.
Amazon stock tumbles on weaker-than-expected 3Q revenue
The Seattle-based e-commerce behemoth’s weak forecast for the fourth quarter indicates that it expects things to get tougher.
IPS superintendent seeks tax increase to fund school reorganization plan
The tax referendum—which would be on the May 2023 ballot—would increase the median homeowner’s bill by $6 per month, IPS officials said.