Postal Service considers rural mail slowdown in plan to save $3B per year
Allowing marginally slower service to rural areas, which often drag down on-time rates, could improve the agency’s delivery metrics, experts say.
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Canadian government ends major railway stoppage, ordering arbitration
The Canadian government on Thursday forced an end to a brief rail work stoppage that threatened the North American economy, by ordering Canada’s two largest rail companies and the Teamsters into binding arbitration.
InterContinental Hotel hires restaurant veteran Craig Baker as executive chef
Baker, who has played key roles at at several Indianapolis restaurants, most recently served as president of HAIV Hospitality and previously oversaw The AMP food hall at 16 Tech.
Dead Formats VHS Convention puts spotlight on underground cinema
Underground filmmaker John Michael McCarthy will make an auteur’s journey to Indiana this weekend, screening three of his movies on consecutive nights in association with the Indianapolis-based Dead Formats VHS Convention & Media Swap.
Average rate on a 30-year mortgage eases to 6.46%, the lowest level in 15 months
The recent pullback in mortgage rates overall has sparked a pickup in applications for home refinancing loans, which are 23% higher than a month ago, according to the Mortgage Bankers Association.
Medicaid advisory panel weighs in on HIP lawsuit, PathWays transition
Legislators on the state’s Medicaid Advisory Committee spent hours Wednesday questioning state officials about Indiana’s ongoing lawsuit over provisions of the Healthy Indiana Plan.
State approves $50M in bond financing support for new LEAP pipeline proposal
The Citizens Energy and Lebanon Utilities project would supply the Eli Lilly and Co. manufacturing complex expansion, additional park tenants and new development in the city.
Prema Racing preparing to open Fishers racing shop in November
Italy-based Prema Racing plans to join the IndyCar Series in 2025 as a two-car team with Chevrolet.
Indiana tech, privacy chiefs talk benefits, concerns related to state AI usage
The state aims to use AI to help Hoosiers find information more easily. But, as members of th state Artificial Intelligence Task Force noted on Wednesday, there are privacy, cybersecurity, contract and cost concerns to tackle along the way.
UPDATE: Labor dispute stops Canadian freight railroads, could cause major economic disruption in U.S.
Billions of dollars of goods each month move between Canada and the U.S. via rail, according to the U.S. Department of Transportation.
Applications for new homes continue to rise in Indy area
While home construction hit a downturn nationally in July, builders continued to see growing demand for new homes in central Indiana.
Tippecanoe County extends pipeline moratorium as IEDC eyes other options for LEAP district
Tippecanoe County Commissioners first enacted a stoppage to high-volume water withdrawals in November in response to an IEDC proposal to take 100 million gallons a day from Wabash River aquifers and carry it 35 miles away to the LEAP district.
Price of gold reaches record high. Here’s why.
Interest in buying gold often comes at times of uncertainty—with potential concerns about inflation and the strength of the U.S. dollar, for example, causing some to look for alternative places to park their money.
Fed minutes: Most officials favor rate cut in September if inflation cools
Further guidance on the Fed’s next steps is expected when Chair Jerome Powell gives a highly anticipated speech Friday morning at the annual symposium of central bankers in Jackson Hole, Wyoming.
Gallery Bistro & Bar closes after four years in Wholesale District
Gallery Bistro & Bar opened across the street from Gainbridge Fieldhouse in July 2020 and permanently closed this month.
Rush selected as chief justice for a third five-year term
Indiana’s Judicial Nominating Commission took only minutes to confer before unanimously selecting Indiana Supreme Court Justice Loretta Rush to continue in her role as chief justice.
Tale of two retailers: Target reverses sales slump while Macy’s reports another quarterly decline
Consumers are still spending, but they’re being selective about where they make purchases when the costs of housing, food and other essentials remain inflated.
Big fix to jobs data shows labor market was far weaker than previously reported
The government reported Wednesday that the economy created 818,000 fewer jobs from April 2023 through March 2024, in the biggest revision to federal jobs data in 15 years.
Tess Gunty, Maurice Broaddus among nine honored Indiana authors
The Indiana Authors Awards, administered every other year by Indiana Humanities, were announced Wednesday in nine categories.
Ford to shift electric vehicle strategy by building lower-cost pickups, commercial van
Electric vehicle sales in the U.S., Ford’s most profitable market, are still growing but have slowed as more practical consumers worry about range and the ability to recharge while traveling.