U.S. consumer confidence slumps to lowest level in 16 months
Persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade.
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Indy area’s largest apartment complex sold in six-property deal
The properties, which total 2,103 units on more than 165 acres, have seen significant rent growth in recent years and likely will see more after renovations by the new owner.
Indiana banking on appeal of free one-year college certificates
In Indiana, people who don’t have college degrees can get the training to become welders, electricians, medical assistants, web programmers, or truck drivers—for free.
Crypto hedge fund Three Arrows Capital in default on $665M loan
The loan default comes at a perilous moment for cryptocurrencies, with investors enduring staggering losses. The market value for all cryptocurrencies stood just below $1 trillion on Monday; seven months ago, that figure approached $3 trillion.
Westfield to remain third-class city after city council rejects move to second class
Westfield failed to become the fourth Hamilton County city to upgrade its class status over the past decade. A move to second class would expand the city council and make other governing changes.
Cook Group sued for ‘unreasonably high fees’ in 401(k) plan
Cook Group, the Bloomington-based maker of medical devices, is being sued by a participant of its 401(k) retirement plan. Cook officials said the company planned to fight the suit.
CICP leader David Johnson to retire after 10 years at helm
Johnson, 69, has been head of CICP since 2012 and, under his leadership, the organization has grown from 30 to 113 people and spearheaded several new strategic projects.
Concierge medical group moves from Indianapolis to Carmel
Priority Physicians’ new facility 12174 N. Meridian St., Suite 300, replaces its original flagship office in Indianapolis.
Supreme Court’s abortion ruling sets off new court fights
The fall of Roe v. Wade shifted the battleground over abortion to courthouses around the country Monday, as abortion foes looked to quickly enact statewide bans and the other side sought to buy more time.
IBJ Podcast: Ryan Vaughn talks sports, tech and whether he might someday run for mayor
IBJ reporter Mickey Shuey (in for vacationing host Mason King) talks with Vaughn about what he’s learned during his eight years as president of the Indiana Sports Corp. and why he’s leaving to take a job in the tech sector.
Airlines aim to shift blame for ongoing flight problems to FAA
Criticism of the government agency could serve as a pre-emptive defense in case airlines again suffer thousands of canceled and delayed flights over the holiday weekend.
Pfizer says tweaked COVID-19 shots boost omicron protection
The FDA is considering ordering a recipe change for the vaccines made by both Pfizer and rival Moderna in hopes that modified boosters could better protect against another COVID surge expected this fall and winter.
Bible Broadcasting Network buys local radio station from Urban One
The non-commercial Bible Broadcasting Network, based in North Carolina, operates more than 50 radio stations in 23 states.
Shuffling grades, closing school buildings: IPS proposes sweeping changes
The future of Indianapolis Public Schools has come into clearer focus after district officials outlined five potential solutions to the district’s financial challenges, including merging small schools and reconfiguring middle school grades.
Pilots in line for big raises amid global travel disruptions
The largest pilots union has approved a contract that would boost the pay of pilots at United Airlines by more than 14% over the next 18 months, potentially clearing the way for similar wage hikes throughout the industry.
Abortion ruling thrusts some companies into divisive arena
The Supreme Court ruling comes at a time when companies have become increasingly reliant on women to fill jobs, and especially as they face a nationwide labor shortage.
Indiana political leaders react to Supreme Court abortion ruling
Opinions poured in Friday following the Supreme Court’s decision to overturn Roe v. Wade.
Mediterranean Revival home on Meridian Street transcends times
Before purchasing their Meridian Street home, Jakob and Colette Wiesen lived almost directly behind it, on Illinois Street. During those years, they sat in their backyard and imagined what they might do with the beautiful 1927 Mediterranean Revival home and yard they could see.
Tech sector layoffs are on the rise
Tech has hit a well-publicized slump, and within the last few months, layoffs have hit big companies like Netflix and Coinbase as well as smaller firms like Zionsville-based 120Water, Indianapolis-based Casted, and Terminus, which is based in Atlanta but has an employee base and its CEO in Indianapolis.
Indianapolis population dips, concerns rise
Two decades of sustained growth came to a close in Indianapolis last year when the city experienced a population decrease, raising some concerns about its economic future.