Biden signs shipping law expected to cut consumer costs
The Ocean Shipping Reform Act passed the Senate unanimously via voice vote and garnered bipartisan House support.
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Hundreds of flight cancellations create tough travel day across the U.S.
Airlines are struggling with shortages of workers, especially pilots, that are hurting their ability to operate all their planned flights.
Indiana Repertory Theatre co-CEO Janet Allen announces retirement
Janet Allen has served as artistic director of the Indiana Repertory Theatre at 140 W. Washington St. since 1996.
Global Beatles Day: A holiday founded with love in Indianapolis
Since 2009, Indianapolis resident Faith Cohen has led a grassroots effort to prop up the most popular rock band in history.
Lawsuit against Boone County for blocking resident from Facebook page dismissed
A resident claimed the county violated his First Amendment rights when he was blocked from the county government’s Facebook page.
High gasoline prices crimping drivers’ spending at the pump
The slowdown in demand threatens a wide range of businesses that rely on a summer pickup in activity as Americans vacation, take road trips and just generally hit the road in bigger numbers for a wide range of activities.
Average U.S. mortgage rates make biggest jump in 35 years
Mortgage applications are down more than 15% from last year and refinancings are down more than 70%, according to the Mortgage Bankers Association.
Revlon, beauty icon in crowded market, files for bankruptcy
Already weighed down by rising debt, Revlon’s problems only intensified with the pandemic as lipstick gave way to a new era in fashion, this one featuring medical-grade masks.
Developers propose new golf club community, affordable townhouses in Noblesville
The Noblesville City Council heard proposals this week for two separate residential real estate developments that would create nearly 130 new residences in the city, including more 75 high-end homes near a golf course and 50 affordable-housing options.
Production at beleaguered baby formula factory halted by storm
Abbott said it needs to assess damage and re-sanitize the factory after severe thunderstorms and heavy rains swept through southwestern Michigan on Monday evening.
Fed’s aggressive rate hikes raise likelihood of recession
Economic history suggests that aggressive, growth-killing rate hikes could be necessary to finally control inflation. And typically, that is a prescription for a recession.
Havertys store to occupy part of a former Castleton-area Marsh
Havertys Furniture plans to exit its building at Castleton Commons, which it has occupied since 2005, and move less than a mile away to a site with more visibility.
Ivy Tech spent years trying to improve rock bottom graduation rates—and it’s working
Over the last decade, Ivy Tech Community College, which serves about 74,000 students across the state, has made steady gains in completion rates.
Here’s how Fed’s rate increase could affect personal finances
The result of the rate hikes is increasingly higher borrowing costs as the Fed fights the most painfully high inflation in four decades and ends a decades-long era of historically low rates.
FDA advisers endorse first COVID-19 shots for children under 5
An advisory panel for the Food and Drug Administration gave a thumbs-up Wednesday to vaccines from Moderna and Pfizer for children under 5. It’s the only age group not yet eligible for vaccination against the coronavirus.
Holcomb’s former health care adviser takes job lobbying for nursing home industry
Paul Peaper starts July 1 as president of the Indiana Health Care Association, which represents more than 485 long-term and post-acute care facilities across the state.
Fed tries to attack inflation with its largest rate hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate and signaling more large rate increases to come that could raise the risk of another recession.
Proposal picked for City Market area redevelopment bested two others
The proposed $175 million project that could add more than 400 apartments to the area surrounding the Indianapolis City Market was chosen over two other bids from local development firms—both of which differed greatly from the winning proposal.
U.S. retail sales post first drop in five months as auto purchases plunge
Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items.
Developer withdraws plans for controversial $61M Willows project
The team behind the proposed redevelopment of the Willows Event Center into apartments near Broad Ripple has withdrawn its proposal, just hours before it was set to be considered by a city commission.