U.S. consumer spending experiences $7.2 billion monthly drop
Consumer borrowing is closely followed for signals it can send about households’ willingness to take on more debt to support their spending, which accounts for 70% of economic activity.
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Lilly bracing for global demand for its experimental antibody for COVID-19
Shares of Lilly jumped 3.7%, or $5.41, to $149.54 in afternoon trading following the company’s morning announcement that it has asked the U.S. government to allow emergency use of the therapy to treat the disease.
Pence-Harris debate to unfold as Trump recovers from virus
Vice President Mike Pence and his Democratic challenger, California Sen. Kamala Harris, are set to face off Wednesday night in a debate that will offer starkly different visions for a country confronting escalating crises.
Ruby Tuesday files for bankruptcy, closes 185 more restaurants
Indianapolis is down to just one Ruby Tuesday’s location. The chain now operates 236 dining rooms in total, a decrease from more than 500 three years ago.
Indiana sees 1,302 more COVID-19 cases, 17 additional deaths
The Indiana State Department of Health on Tuesday said the state’s cumulative total of confirmed deaths from COVID-19 has risen to to 3,500.
U.S. court denies bid to force expanded Indiana mail-in voting
In a separate case, a judge temporarily stayed, pending appeal, an order blocking an Indiana law that requires absentee ballots be received by noon to be counted.
Lilly seeks emergency use of its antibody drug for COVID-19
Eli Lilly and Co. says it has asked the U.S. government to allow emergency use of an experimental antibody therapy based on positive early results from a study.
UPDATE: Trump halts COVID-19 relief talks until after election
Hours later, President Trump appeared to edge back a bit from his call to end negotiations. He took to Twitter again and called on Congress to send him a “Stand Alone Bill for Stimulus Checks ($1,200).”
Indiana attorney general candidates split over virus powers
Attorney general candidates Todd Rokita and Jonathan Weinzapfel are divided over how the governor has used the state’s emergency powers law to impose a mask mandate and other coronavirus-related executive orders.
Stocks reverse course after President Trump calls off stimulus talks
The Dow Jones industrial average dropped 375.88 points, or 1.3%, to 27,772.76. It had been up by more than 200 points before Trump’s announcement.
Survey: Companies to shrink offices as work stays remote
The poll, conducted for Cisco Systems by Dimensional Research, concluded that working from home is the “new normal.”
Indiana reports another 30 deaths from COVID-19, 990 more cases
The Indiana State Department of Health on Tuesday said the cumulative positivity rate for unique individuals rose from 8.8% to 8.9% and the seven-day positivity rate for unique individuals rose from 8.5% to 8.8%.
Conrad Indianapolis hotel owners sue insurer over refusal to pay pandemic claims
Like most hotels, the Conrad Indianapolis has been hammered by the pandemic and the related shutdown of conventions and other hospitality-related events and establishments that create business for the hotel.
Things to watch as Indianapolis Public Schools begins return to classrooms
Indianapolis Public Schools’ younger students headed back to classrooms Monday to resume in-person learning for the first time since March.
CDC says coronavirus can spread more than 6 feet through aerosols
CDC officials have acknowledged growing evidence that the virus can sometimes spread on smaller particles that spread over a wider area than previously thought.
White House nixes tougher FDA guidelines on vaccine approval
FDA Commissioner Stephen Hahn has pledged that career scientists, not politicians, will decide whether any coronavirus vaccine meets clearly stated standards that it works and is safe.
Stocks jump on Trump’s hospital departure, stimulus hopes
Wall Street rallied Monday as hopes for economic aid from Washington, D.C., helped it recover all of its knee-jerk losses after learning President Donald Trump tested positive for the coronavirus.
Regal Cinemas to suspend operations at all U.S. theaters
The world’s second-biggest cinema chain on Thursday plans to close its 536 Regal theaters in the United States and its 127 British locations, affecting about 45,000 employees,
Service sector grows for the 4th consecutive month
The strength in September reflected big gains in new orders and the employment index, which rose above 50 for the first time since February.
Study: Americans drinking more alcohol during pandemic
The increase in drinking frequency has been higher for women and for those ages 30 to 59, according to findings from Rand Corp.