Stock market slump unsettling Americans eying retirement
A stock market slump this year has taken a big bite out of investors’ portfolios, including retirement plans like 401(k)s.
Associated Press
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Kellett breaks crash-free streak at Indy 500 practice
The horsepower boost that produced record speeds in qualifying went away Monday when teams swapped their engines for the power plants that will be used in Sunday’s race.
Stellantis to make Indiana announcement; might be battery plant
Automaker Stellantis said it will give an update on the future of its Kokomo operations at an Indiana community college on Tuesday afternoon.
Amazon to sublease warehouses as online shopping slows
Seattle-based Amazon doubled the size of its operations during the pandemic, adding more warehouses and employees. But as the worst of the pandemic eased, it found itself with too much warehouse space and too many workers.
USA Swimming sets dates for 2024 Olympic trials
The trials are set to end 33 days before the beginning of the Olympics on July 26. That mirrors the time frame used for both the 2016 and 2021 trials.
Pfizer says three low-dose COVID shots protect children under 5
Pfizer plans to give the data to U.S. regulators later this week in a step toward letting the littlest children get the shots. The 18 million tots under 5 make up the only group in the U.S. not yet eligible for COVID-19 vaccination.
Federal judge issues order against research dog-breeding facility
U.S. District Judge Norman Moon said the evidence from federal inspections shows more than 300 beagle puppies have died at the facility, which is owned by Indianapolis-based Envigo, over the last seven months of unknown causes.
78,000 pounds of infant formula arrives in Indianapolis
A military plane carrying enough specialty infant formula for more than half a million baby bottles arrived Sunday, the first of several flights to the United States expected from Europe aimed at relieving a ongoing shortage.
Scott Dixon blazes to Indy 500 pole in record 234 mph run
Dixon turned four laps on Sunday at an average of 234.046 mph around Indianapolis Motor Speedway. His average broke Scott Brayton’s pole-winning record set in 1996 of 233.718 mph.
Holcomb heading to World Economic Forum in Davos
The Indiana governor is scheduled to participate in a panel discussion Monday in Davos about high-tech manufacturing with business and labor union executives.
Feds sue Indianapolis-based operator of dog-breeding facility, seize beagles
Repeated federal inspections since Envigo acquired the facility have resulted in dozens of violations, including findings that dogs had received inadequate medical care and insufficient food, were housed in filthy conditions, and some had been euthanized without first receiving anesthesia.
House passes bill to crack down on gasoline ‘price gouging’
The focus on price gouging comes as gas prices hit an national average of $4.59 per gallon Thursday—49 cents a gallon higher than a month ago and $1.55 higher than a year ago, according to AAA.
Carbon removal technologies to get $3.5B federal investment
The Department of Energy said Thursday it will release the money to groups developing direct air capture and other technologies that remove carbon dioxide.
Grosjean flirts with wall in Indy 500 practice
Romain Grosjean didn’t crash, but his high drift with 15 minutes remaining in practice came oh-so-close to kissing the outside wall of Indianapolis Motor Speedway.
CDC urges Pfizer booster for children ages 5 to 11
The CDC’s advisers pointed to growing evidence from older children and adults that two primary vaccinations plus a booster are providing the best protection against the newest coronavirus variants.
Court tosses $300,000 hospital bill for promised $1,300 tab
This week’s ruling follows efforts by many states and the federal government to help curb health care costs by restricting or eliminating so-called “surprise billing ” and requiring increased price transparency for consumers.
FDA head: Baby formula factory could reopen by next week
FDA Commissioner Dr. Robert Califf faced a bipartisan grilling from House lawmakers over the baby formula issue that has angered American parents and become a political liability for President Joe Biden.
Indiana’s total gas tax to remain at 56 cents a gallon in June
Indiana’s average pump price hit $4.62 for a gallon of regular as of Thursday, up from $3.93 a month ago, according to AAA.
Saban accuses Texas A&M of using NIL deals to buy players
The Indianapolis-based NCAA lifted most of its rules barring athletes from earning money from sponsorship and endorsement deals last July, but there are concerns among many in college sports that NIL deals are being used to as recruiting inducements and de facto pay-for-play.
McDonald’s selling all 850 of its restaurants in Russia
Last year, McDonald’s Russian operations contributed 9% of the company’s total annual sales, or around $2 billion.