Rental companies buy up used cars as chip crisis deepens
The demand is sending used-car costs soaring. The Manheim Index, which measures prices at wholesale auctions, shows that they’re 52% higher than they were a year ago.
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Powell sees need to help most vulnerable in uneven recovery
Federal Reserve Chairman Jerome Powell said that labor force participation had declined 4 percentage points for Black and Hispanic women compared to 1 percentage point for white women and about 2 percentage points for all men.
After a tough year, IU Health reports operating income up 148% in first quarter
The report seems to indicate that the worst of the COVID-19 crisis is over for the state’s largest hospital system, as surgeries and hospital admissions are climbing, and emergency visits are falling. However. the evolving nature of the pandemic makes the future hard to predict.
Google signs deal with WNBA to help champion women’s sports
Twenty-five WNBA games will be televised on ABC and ESPN in celebration of the league’s 25th season, with Google as the presenting sponsor.
Music livestreaming startup Mandolin plans to hire up to 100
Launched last June, Mandolin Software Inc. announced In October it had raised $5 million in seed round capital to fund growth.
EPA to propose phasing down hydrocarbons by 2036
Widely used in refrigeration as well as residential and commercial air conditioning and heat pumps, HFCs were developed as a substitute for chemicals that depleted the Earth’s protective ozone layer.
Bobby Unser, 3-time Indianapolis 500 winner, dies at 87
Unser was one of just 10 drivers to win the 500 at least three times, and he and Rick Mears were the only drivers to win the 500 in three different decades.
Indiana reports 812 new COVID-19 cases, rise in hospitalizations
The state said more than 1.94 million Hoosiers had been fully vaccinated against COVID-19 as of Monday. More than 2.36 million had received the first dose of a two-dose vaccination.
Growth in U.S. manufacturing slowed in April from March high
April was the 11th consecutive month manufacturing has grown after contracting in April 2020, when the country was struggling to deal with the shutdowns caused by a global pandemic.
US sets pandemic-era high for air travel, more than 1.6 million
The passenger count was still 35% below the number of airport travelers reported on the comparable Sunday in 2019, according to TSA figures.
Spartz announces she will seek re-election in 5th District
U.S. Rep. Victoria Spartz, a Republican, made her announcement just six months after being elected and less than a month after the Democratic Congressional Committee declared it will target her seat in 2022.
Indy software company plans to add 355 jobs
Kennected announced Monday it plans to invest more than $2 million in its expanding operations with the release of an integrated suite of business lead generation software known as K-Suite.
IBJ Podcast: Patio and yard goods are still hot—and some are in short supply
Host Mason King talks with two retailers—Scott Horvath, owner of O’Malia’s Living, and Pat Sullivan, who owns owner of three Sullivan’s Hardware & Garden stores plus Allisonville Home & Garden by Sullivan—about what customers want and why the supply chain is struggling to keep up.
Employers, insurers push to make virtual visits regular care
Make telemedicine your first choice for most doctor visits. That’s the message some U.S. employers and insurers are sending with a new wave of care options.
State’s COVID-19 count tops 1,000 cases for fifth straight day
The state said more than 1.93 million Hoosiers had been fully vaccinated against COVID-19 as of Sunday. More than 2.36 million had received the first dose of a two-dose vaccination.
Apple’s app store goes on trial in threat to ‘walled garden’
On Monday, Apple faces one of its most serious legal threats in recent years: A trial that threatens to upend its iron control over its app store, which brings in billions of dollars each year while feeding more than 1.6 billion iPhones, iPads and other devices.
Governor: Indianapolis ‘still reeling’ from FedEx shooting
Gov. Eric Holcomb, former Vice President Mike Pence and Indianapolis Mayor Joe Hogsett were among those who spoke Saturday at Lucas Oil Stadium in a ceremony to remember the eight people killed in a mass shooting at a FedEx warehouse.
IPS moves forward with $5 million in busing cuts
With little opposition, the Indianapolis Public Schools board on a 6-1 vote approved cutting school bus service for about 600 high schoolers.
Indiana sees COVID-19 cases climb by 1,191, deaths by 5
The state said more than 1.91 million Hoosiers have been fully vaccinated against COVID-19. More than 2.35 million have received the first dose of a two-dose vaccination.
U.S. extends face-mask requirement on planes until September
The Transportation Security Administration said Friday it will extend its mask requirement, which also applies in airports and train stations, through Sept. 13. The rule took effect Feb. 1 and was set to expire May 11.