U.S. retail sales flat in July as households spent more cautiously
Consumers remained wary of spending much on non-essentials: Sales were down 0.5% at department stores and 0.6% at clothing stores.
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IndyCar driver Graham Rahal reaches agreement to move HQ to Zionsville
Rahal plans to invest $15 million to $20 million on the project and bring 80 to 100 high-tech jobs to Zionsville.
Carmel reviews expansion plans for The GOAT more than year after closure
Owners of the tavern, which was plagued by complaints about noise and public indecency after it opened in 2020, are seeking to add 2,940 square feet to the existing 2,300-square-foot building before reopening the business.
Walmart easily tops sales expectations as shoppers seek discounts
With inflation hovering near levels not seen in 40 years, higher-income Americans turned to Walmart to cut costs on groceries while its lower-income customers swapped out deli meats for less expensive hot dogs and canned tuna.
Amazon to raise seller fees for holidays amid rising costs
It’s the second fee hike imposed on merchants this year by the online retail behemoth. In April, the company added a 5% “fuel and inflation” surcharge to offset rising gas costs and inflation.
Airbnb rolling out new screening tools to stop parties
Airbnb has been under growing pressure to clamp down on parties since 2019, when a Halloween house party in a San Francisco suburb ended with five people dead in a shooting.
Biden signs major climate, health care legislation
The measure is expected to be paid for by new taxes on large companies and stepped-up IRS enforcement of wealthy individuals and entities, with additional funds going to reduce the federal deficit.
Former staffers push Mitch Daniels to seek governor’s office
Staffers who worked under former governor Mitch Daniels filed with the Indiana Secretary of State’s office last week to create a political action committee urging Daniels to run for governor in 2024.
Former ITT Tech students get $3.9B in debt cancellation
Students who used federal loans to attend Carmel-based ITT Technical Institute as far back as 2005 will automatically get that debt canceled after authorities found “widespread and pervasive misrepresentations” at the defunct for-profit college chain.
Companies facing first tax on stock buybacks in Biden bill
Under the bill, companies will face a new 1% excise tax on purchases of their own shares, effectively paying a penalty for a maneuver that they have long used to return cash to investors and bolster their stock price.
FDA moves to make over-the-counter hearing aids available to millions
The new regulations will create a new category of hearing aids that will supersede state-level regulations requiring patients to visit physicians or audiologists to get prescriptions and fittings.
Closing, consolidating IPS schools could depend on condition, usage scores
The fate of more than 60 district schools may be determined in the coming weeks, as IPS grapples with declining enrollment in its traditional neighborhood schools.
Chipmakers’ pandemic boom expected to slow as recession looms
Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months, when a record-setting sales surge is threatening to give way to the worst decline in a decade or more.
U.S. factory output increases for first time in three months
Tuesday’s industrial production report showed output of motor vehicles rose 6.6%, the most in four months. An easing of bottlenecks on semiconductor supplies is affording automakers more room to increase output.
Car-charging investment soars, driven by EV growth, government funds
More than $4.8 billion has been pumped into the electric-vehicle charging industry this year—a combination of roll-out announcements, debt financing, investment and acquisitions. And this is just the deals that have disclosed financial figures.
Firm plans 257 apartments, townhomes north of Indy airport
The site is just a few minutes from key employers in the airport corridor, including AAR Aircraft Services, Express Scripts, FedEx and Rolls-Royce.
American Airlines places deposit on 20 supersonic planes
American becomes the second U.S. customer for Boom after a similar announcement last year from United Airlines for 15 of the proposed planes, called the Overture.
Lennar Homes planning 53 townhouses at Fishers Marketplace
The three-story townhouses at Marketplace Towns would range from 1,700 to 2,200 square feet with an average cost of $400,000.
Egg prices falling fast in relief for U.S. consumers
Farms are repopulating birds that they had to kill during this year’s highly pathogenic avian influenza outbreak. The outbreak killed more than 30 million commercial and wild birds.
Nexstar Media Group to buy CW Network from Warner Bros., Paramount
The purchase underscores Nexstar’s commitment to traditional broadcasting at a time when TV is losing viewers to online services and other entertainment options. Nexstar, the nation’s largest local TV station owner, has two properties in Indianapolis.