Stocks tumble despite Fed aid as traders wait for Congress
The Federal Reserve did what it could to help financial markets and the economy Monday. But investors are still waiting for Congress and the White House to do the same.
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Holcomb orders non-essential businesses to close, tells Hoosiers to stay home through April 7
His decision—announced in a Statehouse address streamed online—follows in the footsteps of a handful of other governors across the country, including three of Indiana’s neighboring states: Michigan, Illinois and Ohio.
UPDATE: Fed to buy as much government debt as needed to aid economy
The central bank’s all-out effort has now gone beyond even the extraordinary drive it made to rescue the economy from the 2008 financial crisis. Financial markets sharply reversed themselves after the announcement.
Michigan governor to issue stay-at-home order, joining Illinois, Ohio
Michigan is joining at least eight other states nationally including two of the three states neighboring Indiana. Indiana Gov. Eric Holcomb has an announcement about the pandemic scheduled for noon Monday but has not disclosed the purpose.
Coronavirus cases rise to 259 in state, with 110 in Marion County
The Indiana State Department of Health on Monday morning said 58 more cases were confirmed over the past 24 hours.
Indianapolis airport says it’s confident in financial situation amid industry calls for relief
Indianapolis International Airport’s budget is bound to take a hit from a major decrease in passengers during the COVID-19 pandemic, but airport officials say they have made preparations for economic disruption.
Ohio to enact stay-at-home order as virus cases spread
California, New York, Illinois, New Jersey, Connecticut and Louisiana also have issued similar orders.
Congressional rescue talks churn as crisis deepens
Top-level negotiations between Congress and the White House churned into the night Sunday over a now nearly $2 trillion economic rescue package. The draft aid bill was declared insufficient by Democrats, who argued it was tilted toward corporations.
Telemedicine emerges as care option during COVID-19 outbreak
Virtual care has long been touted as a way to get help quickly instead of waiting days to see a doctor, yet Americans have been slow to embrace it. There are signs that may be changing because of COVID-19.
Dow drops more than 900 points, ending worst week since 2008
Traders went into full retreat Friday afternoon out of fear that the coronavirus will plunge the United States and other major economies into deep recessions.
Local fund raises thousands for Broad Ripple businesses, service employees
Thousands of dollars have poured in to Broad Ripple in recent days through a new fund aimed at helping retail shops and restaurants and their employees during the pandemic.
UPDATE: Indiana’s primary election moved to June because of pandemic
Gov. Eric Holcomb, Secretary of State Connie Lawson, Republican Party Chairman Kyle Hupfer and Democratic Party Chairman John Zody announced the agreement Friday morning.
Income tax filing deadline moved to July 15 from April 15
The delay, announced Friday morning, is available to people who owe $1 million or less and corporations that owe $10 million or less.
Stores set up senior shopping hours amid coronavirus fears
Target, Whole Foods, Walmart and Dollar General, as well as supermarkets in Europe, began dedicating early-morning shopping times for older customers this week. The idea seems to have worked well in smaller shops but backfired in some larger stores.
Goodwill closing 80 thrift stores in central, southern Indiana during pandemic
The not-for-profit, which has more than 4,000 employees, encouraged people to continue making drive-up donations at the stores during limited hours.
Candidates with cash likely to have bigger advantage in coronavirus-affected primary
The crowded GOP primary in Indiana’s 5th Congressional District was already creating a difficult situation for candidates to stand out, and the restrictions of large gatherings put in place by Gov. Eric Holcomb to combat the coronavirus pandemic will exacerbate that challenge.
Startup’s app gives kids way to earn screen time through physical activity
New Palestine entrepreneur Andrew Armour spent four years developing his app, Activate Fitness, and the launch of the innovative software this month comes as children are not in school and parents struggle to control how they use their extra free time.
Walmart hiring 150,000, starting parking lot virus testing
While retailers such as Macy’s Inc., Kohl’s Corp. and J.C. Penney have been forced to temporarily close their stores, others like Walmart and Costco Wholesale Corp. are experiencing a surge in sales normally seen around the holiday peak.
IPS approves measures to aid staff amid outbreak, expand innovation schools
The agenda was pared down to items that staff considered urgent: It included votes on approving new, outside managers for four campuses next year—all of which passed—and a resolution to give Superintendent Aleesia Johnson extra flexibility in staffing during the current crisis.
Trump calls drug a potential ‘game-changer’ for coronavirus, but FDA says it needs study
Chloroquine is inexpensive generic drug that is attracting great interest as a potential treatment, and is being studied in China, the United States and Europe.