Retail sales jump from July to August at better-than-expected pace
So far, shoppers haven’t felt the big sting that some economists predicted earlier in the year as many retailers ordered goods ahead of tariffs.
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Fed faces economic uncertainty, political pressure as it decides whether to cut rates
At this week’s Federal Reserve meeting, the decision it will make on interest rates—usually the main event—is just one of the key unknowns to be resolved when officials gather Tuesday and Wednesday.
Prices for the popular powdered tea matcha soar due to global demand
Global demand for the powdered tea has skyrocketed. In the U.S., retail sales of matcha are up 86% from three years ago, according to NIQ, a market research firm.
Company pursuing small-scale data center in Martindale-Brightwood
The project is proposed for a 13-acre parcel east of Brightwood Plaza that was home to the now-demolished Sherman Drive-In from 1965 to 1983.
Tech consulting firm Hylaine to add 20-25 Indianapolis employees
CEO Adam Boitnott, who founded Hylaine in 2017, said the Indianapolis hiring is part of a national growth strategy for the company, which has about 200 employees overall working through five hub locations.
IBJ’s Feltman to receive alumni award from IU Indianapolis
IBJ Media owner and CEO Nate Feltman will receive the Maynard K. Hine Award on Nov. 20 at the university’s Alumni Leaders Dinner.
Adventure park with zip lines planned at Grand Park in Westfield
TreeRunner Adventure Parks plans to operate an aerial adventure park on a five-acre wooded area at the center of Grand Park.
Indiana DOC to begin jail payments to counties
The Indiana Department of Correction will begin sending payments to dozens of counties on Monday to cover costs for housing state prisoners, ending months of delays.
How much are WNBA players worth? The league’s future lies in the answer.
The WNBA will crown a champion in mid-October—but the Finals could be just a preview for the biggest battle of the year. The collective bargaining agreement is set to expire two weeks later.
DOC to request $15.8M for planned immigration detention site
The funding request, which is summarized in the agenda for Wednesday’s State Budget Committee meeting, says the agency needs the funding to prepare the correctional facility for ICE detainees.
Trump says US should do away with quarterly earnings reports
The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.
Deal reached on TikTok ownership, Treasury chief says
Treasury Secretary Scott Bessent said President Donald Trump and Chinese Premier Xi Jinping would speak on Friday to possibly finalize the deal.
ACLU sues ISU for terminating work-study funding for Pride Center employees
Following a U.S. Department of Justice “Best Practices” statement for complying with new federal anti-discrimination laws, the school terminated the work-study funding.
City to consider $18M bailout loan to keep delayed Gold Building redevelopment afloat
The Gold Building conversion at 151 N. Delaware St. is expected to replace 400,000 square feet of office space with more than 350 apartments and nearly 8,000 square feet of ground-floor retail.
IBJ Podcast: Pew Research’s Richard Fry unpacks gender gap in college enrollment
Fry analyzes federal data from 2011 to 2022, highlighting a sharp drop in college attendance among young men, shifting public views on the value of a degree, and rising wages for workers without one.
First Internet Bank selling $869M loan portfolio
First Internet has never sold off such a large pool of loans in a single transaction, according to Chief Operating Officer Nicole Lorch.
Indiana DCS worker out amid fallout from Charlie Kirk’s assassination
Apologies, shaming and a state employee’s departure have come to Indiana following insensitive posts and comments about the murder of conservative influencer Kirk.
Electric grids under pressure from energy-hungry data centers changing strategy
With the explosive growth of Big Tech’s data centers threatening to overload U.S. electricity grids, policymakers are taking a hard look at a tough-love solution: bumping the energy-hungry centers off grids during power emergencies.
Indiana inspector general accuses ex-cabinet secretary of ghost employment, misuse of state property
It’s now up to the State Ethics Commission to decide whether Jennifer-Ruth Green violated state law—and what sanctions, if any, to impose.
Indianapolis-based ag giant Corteva considering split-up, report says
The $50 billion company is considering dividing its seed and pesticide businesses into separate companies, the Wall Street Journal reported