Financial companies led stocks broadly higher on Wall Street on Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on the ability of banks to make investments.
Churchill Downs will institute a number of operating procedures for the Kentucky Derby, which has been moved to Sept. 5 because of the pandemic.
Marion County has seen 675 deaths and more than 11,000 virus cases during the pandemic, according to the latest numbers from the state health department.
The job cuts are in addition to the staff reductions already taking place inside stores, along the Macy’s supply chain and in customer support roles.
Chuck E. Cheese, which has four Indianapolis-area locations, has been particularly hammered by the health crisis because it is more of an entertainment venue for families than a restaurant.
The number of laid-off workers who applied for unemployment benefits declined slightly, to 1.48 million, nationally last week, the 12th straight drop. But claims jumped in Indiana.
Vitamin and nutrition chain GNC Holdings on Wednesday identified four Indiana stores that will permanently close and seven others that could close as part of its bankruptcy reorganization.
Wednesday’s report by Moody’s Analytics warns that doing nothing to address the economic perils of state cutbacks could cost millions of jobs. But it also says that significantly less federal aid is needed than what’s being called for by House Democrats.
The NFL and its franchises are discussing a plan by which rows of seating closest to the field in stadiums this season could be covered and used to display the logos of sponsors and messaging for league and team initiatives.
The $25 million program, funded through federal aid the state received through the Coronavirus Aid, Relief, and Economic Security Act, will provide assistance of $500 per month for up to four months. The state expects the program to help about 12,000 households.
Stocks fell sharply on Wall Street on Wednesday as new coronavirus cases in the United States climbed to the highest level in two months, dimming investors’ hopes for a relatively quick economic turnaround.
Indiana Pacers guard Malcolm Brogdon wasn’t healthy before the season was suspended, sitting out with a leg and hip muscle injury. But the stoppage has allowed him to recover.
The Indiana State Department of Health on Wednesday reported nine new deaths due to the coronavirus.
School districts across Indianapolis will reopen for the upcoming academic year with in-person instruction and offer virtual instruction for students who are uncomfortable or unable to return to classrooms, according to a letter shared by districts Wednesday.
Office tenants are considering renting less space as more employees work from home, and the trend toward online shopping is accelerating, which could cut already weak demand for retail space in downtown areas and malls.
Major League Baseball on Tuesday night issued a schedule that will start July 23 or 24 in empty ballparks in its shortest season since 1878.
U.S. stocks rose for a second day, but faded near the closing of the market as concern mounted that a spike in virus cases in some states could curtail economic activity.
Leading congressional Republicans and some senior White House officials remain skeptical of sending more checks, creating a rift within conservative circles that could have significant consequences for the stimulus package set to be taken up by lawmakers in July.
The Indiana State Department of Health on Tuesday said 426,376 virus tests have been administered to Hoosiers.
The number of newly confirmed coronavirus cases across the country per day has reached more than 26,000, up from about 21,000 two weeks ago. Indiana, meanwhile, is seeing a downward trend in new cases.
