Dow climbs more than 800 points as vaccine news revs up markets
Global markets roared Monday, with the Dow Jones industrial average soaring to intraday highs not seen since February.
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Trump faces long odds in challenging state vote counts
Republican surrogates for President Donald Trump resumed their legal fight Monday to try to stop the vote count in key battleground states, including Pennsylvania and Michigan.
Fall Creek Place eatery Shoefly cites pandemic for closure
Shoefly Public House suspended operations on Saturday after a staff member tested positive for COVID-19. The initial plan was to reopen, but the owners soon decided to make the closure permanent.
Steak n Shake closes 13 more restaurants amid slowing customer traffic
Steak n Shake revenue plummeted to $78.8 million in the third quarter, down from $141.3 million a year ago.
Stocks skyrocket to record levels on Pfizer’s optimistic vaccine news
Markets were already sharply higher on the U.S. election result when Pfizer said that research shows vaccine shots may be 90% effective at preventing COVID-19, indicating the company is on track this month to file an emergency-use application with U.S. regulators.
Pfizer says COVID-19 vaccine is looking 90% effective
The coronavirus shots, made by Pfizer and its German partner BioNTech, are among 10 possible vaccine candidates in late-stage testing around the world—four of them so far in huge studies in the U.S.
Nursing home COVID-19 cases rise four-fold in surge states
Nursing homes and other long-term care facilities account for about 1% of the U.S. population, but represent 40% of COVID-19 deaths, according to the COVID Tracking Project.
Indiana reports another 4,689 COVID-19 cases; hospitalizations hit another high
The Indiana State Department of Health has reported 262 new COVID-19 deaths over the past seven days, up from 229 the previous week.
Indiana COVID-19 cases top 5,000, hitting record for fourth straight day
Hospitalizations due to COVID-19 also rose to another high in Indiana, as did testing of new individuals.
U.S. consumer borrowing increases by $16.2 billion
The increase included a $3.98 billion increase in credit card borrowing, the first rise since February. Credit card use had fallen for six straight months as households cut back on use of credit cards once the pandemic hit.
COVID-19 cases, hospitalizations, testing hit new high marks
The Indiana State Department of Health on Friday said the seven-day moving average for COVID-19 cases reached another all-time high of 3,576.
Fed signals readiness to do more for economy as virus rages
The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday. It announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
Biden pushes closer to victory as Trump presses legal moves
Two days after Election Day, neither candidate had amassed the votes needed to win the White House. But Biden’s victories in the Great Lakes states left him at 264, meaning he was one battleground state away—any would do—from becoming president-elect.
Company winding down ventilator production in Kokomo
Ventec, in a partnership with General Motors, began operations in the GM Components Holdings plant in April, hiring local employees to make 30,000 ventilators for hospitals in the fight against the COVID-19 pandemic.
Indiana COVID-19 cases, hospitalizations surge to another high
The Indiana State Department of Health on Thursday reported 45 more COVID-19 deaths. Newly reported deaths have reached or topped 25 for 10 straight days and have been in double digits 28 times over the past 30 days.
AstraZeneca to deliver vaccine trial data by year’s end
AstraZeneca hopes to show its COVID-19 vaccine is effective by the end of this year and is ramping up manufacturing so it can supply hundreds of millions of doses in January, CEO Pascal Soriot said Thursday.
U.S. productivity increases 4.9% in third quarter
U.S. labor costs fell by 8.9% in the third quarter after rising by 8.5% in the second quarter, the Labor Department reported Thursday.
Unemployment claims fall nationally, tick up in Indiana
The number of Americans seeking unemployment benefits fell by 7,000 last week, to 751,000, continuing a slow decline but remaining at a still-historically high level.
Holcomb not planning new pandemic restrictions despite surge in cases
Indiana Gov. Eric Holcomb on Wednesday did not impose new restrictions, despite rumors suggesting he was planning to do so amid record cases and hospitalizations.
Stocks mount big rally as investors embrace election results
Analysts said the gains came as markets saw the upside of political control in Washington, D.C., remaining split between Democrats and Republicans.