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.
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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.
Indy Council passes resolution declaring racism a public health crisis
The council on Monday night also approved the mayor’s plan to to immediately deploy nearly half of the $168 million it has received in federal coronavirus relief funds to help residents and businesses that have been affected by the pandemic.
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.
As business trickles back, hotels compete on cleanliness
Hotels see cleaning standards as a way to soothe jittery guests—and possibly win back business from rivals like home-sharing companies like Airbnb.
State sees steep drop in reported cases; nursing home deaths top 1,000
According to new numbers released Monday by the Indiana State Department of Health, 1,011 deaths—or 47.4% of the state’s total—involved long-term-care patients.
Indiana’s fall reopening guidance has schools worried about costs
Among the top and most costly challenges for districts will be restructuring operations to adhere to social-distancing protocols, transporting students, and hiring the additional staff to ramp up cleaning efforts.
Penske: Indy 500 to run in front of fans in August or be moved to October
NBC Sports said Saturday night’s season-opening IndyCar telecast drew nearly 1.3 million viewers, making it the most-watched series race outside the Indianapolis 500 on any network since 2016.
Businesses hurt first by virus, then looting, now sweating insurance
The civil unrest, vandalism and looting comes as business owners continue to cope with the economic impact of the COVID-19 outbreak, which also required them to analyze the fine print of their insurance policies.
Latest jobs report diminishes GOP appetite for more virus aid
With more people than expected returning to the workforce, the enormous sense of urgency that produced the first four federal pandemic aid bills has faded, along with the freewheeling dynamic that inflated the price tags.
Diagnosed COVID-19 cases surpass 37,000 in Indiana
The Indiana State Department of Health on Sunday said the cumulative death toll in the state rose to 2,121, up from 2,110 the previous day—an increase of 11.
Indiana reports another 32 deaths from COVID-19
The Indiana State Department of Health said 12.4% of the nearly 30,000 people in the state who’ve been tested for the coronavirus have been positive.
State contractor OptumServe not meeting test result requirement
Indiana State Health Commissioner Kris Box said during Friday’s press briefing that OptumServe, which is subsidiary of United Health Group, is not providing all test results within a 48-hour window, as the contract requires.
Dow jumps 829 points, Nasdaq hits intraday record on surprising jobs report
The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the recession may have already passed.
Aria Diagnostics adding 50 employees, space to keep up with test demand
The expansion will allow Indianapolis-based Aria to boost testing-kit assembly from 137,000 to 400,000 per week, the company said.