Fewer seek jobless benefits nationally, but Indiana sees uptick in claims
In Indiana, 23,604 people filed initial unemployment claims in the week ended June 6. That’s up from an adjusted number of 22,914 the previous week.
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Fishers mayor criticizes utilities, IURC over pandemic-related rate-hike request
Fishers Mayor Scott Fadness isn’t the first person to bash the utilities and the Indiana Utility Regulatory Commission over the matter. Thousands of consumers have written letters and emails protesting the request.
In many states, COVID-19 cases are back on the rise after restrictions ease
On the same day Gov. Eric Holcomb announced he was easing more restrictions in Indiana two days ahead of schedule, more than a dozen other states were reporting new highs in the number of positive coronavirus cases or hospitalizations.
United Airlines to require that passengers pass health checklist
As states and localities reopen for business, carriers are developing procedures to ensure that flying is safe.
State partnering with Lilly to speed up COVID-19 test processing
Indiana State Health Commissioner Dr. Kris Box said during Wednesday’s press briefing that the partnership will allow a network of 10 labs across the state to be able to process more tests.
Federal Reserve to keep providing aid, sees no rate hike through 2022
Chairman Jerome Powell stressed the Fed’s commitment to ultra-low borrowing rates for the foreseeable future. “We’re not thinking about raising rates,” he said. “We’re not even thinking about thinking about raising rates.”
Indiana to enter Stage 4 of recovery plan two days early, governor says
Stage 4 will begin at 12:01 a.m. Friday instead of Sunday as previously planned, Indiana Gov. Eric Holcomb said, because the state was seeing positive signs in its ongoing fight against the COVID-19 virus.
State COVID-19 cases rise by 304, deaths by 15
Marion County on Wednesday reported an increase of 20 cases and four deaths.
Movie theaters, closed for months, preparing for July reopenings
After three months of near total blackout of cinemas nationwide, movie theaters are preparing to reopen—even if it means only a few titles on the marquee and showings limited to as little as 25% capacity.
Safety-net health providers get $25B to help keep their doors open
The Department of Health and Human Services said safety-net hospitals in Indiana serving the most vulnerable citizens would receive more than $167 million.
Analysis: Here’s where SBA’s coronavirus disaster loans have gone
A state-by-state Washington Post analysis of SBA spending found drastic variation in loan receipts, highlighting how the current effort to bolster the economy with federal funds could contribute to stark inequalities in how wealth is distributed across the United States.
Indiana schools to have flexibility when reopening, McCormick says
The reentry plan provided by the state is broad and non-mandatory, meaning it will be up to school districts to decide whether students and faculty would have to undergo health screenings, wear masks and adhere to social distancing best practices.
As many as 25,000 U.S. stores may close in 2020, mostly in malls
The number would shatter the record set in 2019, when more than 9,800 stores closed their doors for good, according to a report from retail and tech data firm Coresight Research.
The great diamond glut: Miners stuck with gems worth billions
The pandemic has devastated the diamond world. Jewelry stores closed their doors, India’s cutting and polishing artisans were forced to stay home and De Beers had to cancel its March sale because buyers couldn’t travel to view the merchandise.
Indiana reports increase of 410 coronavirus cases, 23 more deaths
The Indiana State Department of Health on Tuesday said 315,390 people have been tested so far, up from 309,503 in Monday’s report—an increase of 5,887.
Chicago loses massive trade show to coronavirus pandemic
More than 129,000 people had signed up to attend the International Manufacturing Technology Show, making it the largest convention scheduled for the city this year.
Federal Reserve acts to broaden appeal of Main Street Lending Program
The Federal Reserve is expanding the range of companies that will qualify for its soon-to-begin Main Street Lending Program, in which the Fed will lend directly to individual companies for the first time since the Great Depression.
S&P 500 rallies to pre-pandemic level; Nasdaq hits record high
The S&P 500 climbed back within 4.5% of its own record, as optimism strengthens that the worst of the recession may have already passed.
Most Indiana casinos ready to reopen next week under virus plans
The Indiana Gaming Commission required casino safety plans to include how they would encourage six-foot distancing between gamblers and limit the number of people at table games, along with requiring face masks for employees.
Shutdowns prevented 60M coronavirus infections in U.S., study says
The research suggests that the aggressive and unprecedented shutdowns, which caused massive economic disruptions and job losses, were effective at halting the exponential spread of the novel coronavirus.