U.S. economy slowed to 2% growth rate last quarter in face of COVID
Consumer spending, which fuels about 70% of overall economic activity, slowed to an annual growth rate of just 1.6% after having surged at a 12% rate in the previous quarter.
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VW, Stellantis chime into chip optimism with U.S. peers
Both carmakers said they had moved past the worst of the availability issues that have snarled production lines globally. Their views contrasted with those of Samsung Electronics.
Carmel offers new details on $47M ‘1st on Main’ development
Plans call for the 1st On Main development—previously known as Lot One—to include a four-story office building with first-floor restaurant space and a private rooftop terrace, luxury condominiums, upscale apartment units and a parking garage.
Beck’s Hybrids adds Nebraska to its sales territory
Hamilton County-based seed company Beck’s Hybrids said the marketing expansion increases its total reach to 75 percent of the corn and soybean farmers in the United States.
Former firehouse being transformed into craft beer destination
Chalet, a daytime cafe and an evening bar, is expected to be the seventh business launched in five years by Small Victories Hospitality.
IPS enrollment rises as missing kindergartners return
Enrollment trends will drive crucial upcoming decisions on the future of the district, such as considering potential school closures, evaluating choice programs, and adding charter school partnerships.
Indiana expects 200,000 COVID vaccines for children next week
Indiana officials said Wednesday that the state should be able to immediately inoculate a third of children ages 5 to 11 if the federal government gives approval to vaccines for that age group.
Starbucks raising U.S. workers’ pay as union effort looms
Starbucks’ North America President Rossann Williams said the pay raises not only support workers but will enhance recruitment efforts in a challenging labor market. The company said it’s the third time in 24 months that it has raised workers’ pay.
Biden urges end to talks on spending bill as Dems eye new surtax
Top Democratic leaders are signaling a deal is within reach even though momentum fizzled and tempers flared late Wednesday after a billionaires’ tax and a paid family leave program fell out of the Democrats’ sweeping bill.
Cheap antidepressant shows promise treating early COVID-19
Researchers tested the pill used for depression and obsessive-compulsive disorder because it was known to reduce inflammation and looked promising in smaller studies.
Ford, GM profits fall as sales drop due to chip shortage
The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.
Marion County renters can now apply for a full year’s worth of rent help
Marion County’s IndyRent program has begun accepting applications for up to 12 months of rental assistance, Mayor Joe Hogsett’s administration announced Wednesday. The long-awaited move adds nine months of help to the program, which previously maxed out at three months.
Indiana city offering stand-in ‘grandparents’ to attract new workers
The relocation package also includes $5,000 in cash, invitations to home-cooked meals at neighbors’ homes, a one-year membership to the local coworking space and YMCA, free gift cards to the seasonal farmers market, and tickets to productions at the local playhouse.
Retail trade group sees big holiday sales gain despite supply issues
The trade group said Wednesday that it predicts that sales for the November and December period will grow between 8.5% and 10.5%.
Exacerbated by pandemic, child care crisis hampers economy
The absence of reliable and affordable child care limits which jobs people can accept, makes it harder to climb the corporate ladder and ultimately restricts the ability of the broader economy to grow.
Pelosi upbeat on Biden deal but Manchin pans billionaire tax
House Speaker Nancy Pelosi’s upbeat comments came as President Biden and Democrats try to strike agreement soon on his big proposal, now about $1.75 trillion in social services and climate change programs
Qatar delegation visits Indiana to foster future business partnerships
Members from the Qatari commercial attache’s office met with Gov. Eric Holcomb, Secretary of Commerce Brad Chambers and more than 30 Indiana-based companies on Tuesday.
The Freedom Forum podcast: Jessica Gendron, The Center for Leadership Excellence
In this week’s podcast, host Angela B. Freeman talks with Jessica Gendron, CEO of The Center for Leadership Excellence, about the challenges that women face in life and their careers.
Indianapolis lands NFL Scouting Combine in 2022, faces competition in future
The NFL said the location of the 2023 combine will be determined through a bidding process involving Indianapolis, Dallas and Los Angeles.
High Alpha startup Filo lands $3M in seed funding
Filo, which was launched by Indianapolis-based venture studio High Alpha last year, offers an interactive platform for online meetings, gatherings and events.