Total spending on travel in the United States—including from transportation, retail, lodging and restaurants—is expected to drop by $355 billion for the year, or 31 percent—more than six times the impact of the Sept. 11, 2001, terrorist attacks.
Starting Tuesday, the central bank will buy significant amounts of commercial paper, the short-term loans that businesses rely on for funding to pay bills and other expenses.
The Kentucky Derby and its associated events attract hundreds of thousands of people to Louisville, with last year’s race drawing more than 150,000 at Churchill Downs.
After the first case of covid-19, the disease caused by the new strain of coronavirus, was announced in the United States, reports of further infections trickled in slowly. Two months later, that trickle has turned into a steady current.
Hotel Tango Distillery in Indianapolis said Monday that it is temporarily adding a new high-proof ethyl alcohol-based hand cleaner to its line of products.
The decision came after at least two Monday conference calls between the sanctioning body and its team owners. It affects seven total races.
Indianapolis-based Roche Diagnostics said Monday that it has begun shipping an initial order of 400,000 COVID-19 test kits to a network of more than 30 hospital and laboratories.
The Carmel City Council on Monday passed an ordinance to provide additional paid leave to city employees who need to miss work due to the spread of COVID-19.
Under the hot glare of television lights, before dozens of reporters and spectators at the Indiana Statehouse on Monday afternoon, Indiana Gov. Eric Holcomb began talking of war, combat and a long, hard, struggle ahead.
Raises will go to workers at Amazon’s warehouses, delivery centers and Whole Foods grocery stores, all of whom make at least $15 an hour.
Even for a market beset by volatility in recent weeks, the losses were staggering. The 12.9% drop in the Dow was its worst since 1987. The S&P 500 and the NASDAQ also dropped 12%.
The decision follows new guidance for public gatherings from the Centers for Disease Control and Prevention that on Monday was adopted by both the city of Indianapolis and the state of Indiana.
The IndyCar Series—and the city of Indianapolis—would take a devastating hit if the Indianapolis 500 was canceled this year. Officials are looking at contingency plans for holding the race this summer or fall if the fallout from the pandemic extends beyond May.
The order will be in effect for at least seven days. Hogsett plans to seek permission from the Indianapolis City-County Council on Monday night to extend the order to April 5.
Ed Rudisell, owner of several downtown restaurants hurt by the COVID-19 outbreak, said he wasn’t surprised by the Governor’s decision on Monday to limit service for all eateries to takeout and delivery.
Two weeks ago, Italy had 1,700 cases of coronavirus and had reported 34 deaths. Now, Italy is reporting an estimated 25,000 cases and more than 1,800 deaths.
Monday’s milestone marked just the beginning of a series of studies in people needed to prove whether the shots are safe and could work. Even if the research goes well, a vaccine wouldn’t be available for widespread use for 12 to 18 months, officials say.
The selling began immediately on Wall Street, and losses were sharp enough at the open to trigger a temporary trading halt for the third time in the last two weeks.
Airlines are seeing bookings plummet and cancellations soar as fear of infection causes many Americans to avoid flying. That’s leading to drastically reduced ticket prices.
United said Sunday night it expects planes to be only 20% to 30% full at best, down from nearly 90% before the virus hit. The airline said the cuts could extend into the peak summer travel season.
