Sales at retail stores and restaurants have now risen for three straight months, after plunges in March and April. Still, much of the spending was fueled by government aid that has since expired.
The Labor Department said Friday that output decreased 38.9%, the biggest decline ever recorded as hours worked fell 43%.
American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.
The pandemic and efforts to fight it led to a nearly 79% drop in commercial gambling revenue for the second quarter of 2020, the industry’s trade association reported Thursday.
The highest tier of Division I football, the Bowl Subdivision, is not affected because it is not overseen by the NCAA.
Smaller, independent operators hailed the changes as important to their survival, but major oil producers called the move disappointing.
Purdue University Head Football Coach Jeff Brohm said he believes football can be played safely in the spring and again next fall if university presidents and medical teams agree.
Leisure demand rises, but hotels are sorely missing business travel and group events like conferences and weddings.
American Airlines is planning to drop flights to up to 30 smaller U.S. cities if a federal requirement to continue those flights expires at the end of next month, an airline executive familiar with the matter said Thursday.
Area new-home construction filings jumped 12% last month, marking the 11th time in the last 13 months that filings have risen on a year-over-year basis.
The state also reported 20 new deaths due to COVID-19, bringing the total during the pandemic to 2,898. New deaths have averaged 20 per day in the report over the past three days.
The two sides are at least $1 trillion apart on another package of relief the U.S. economy likely needs to overcome the ravages of a pandemic that continues to force companies, schools and other organizations to roll back plans to reopen for business.
The openings of more than 100 theaters nationwide include two theaters in Indianapolis.
The number of laid-off workers applying for unemployment aid fell below 1 million last week nationally for the first time since the pandemic intensified five months ago.
The U.S. Chamber of Commerce called the president’s move “well-intended to provide relief,” but raised questions about whether it would be workable.
United’s planned new winter flights to Florida, which will depart from New York, Boston, Cleveland, Indianapolis, Pittsburgh, Milwaukee, and Columbus, Ohio, are aimed at leisure travelers. But the airline is prepared to reverse course if necessary.
The show is going on at Indianapolis, but it certainly isn’t the same. Indianapolis Motor Speedway is a ghost town. The pandemic forced the speedway to proceed with “The Greatest Spectacle in Racing” without spectators and their absence is clearly being noticed.
The S&P 500 index climbed as high as 1.6% on Wednesday, topping the level reached on Feb. 19, before fading a bit before the market’s close.
Indiana Gov. Eric Holcomb on Wednesday announced a plan to avoid a situation in which school systems that choose not conduct in-person classes due to pandemic concerns receive less than 100% of expected funding.
Coach Nate McMillan has a record of 181-136 in four seasons and needs one more win to break a tie with Rick Carlisle for third in career victories during the franchise’s NBA history.
