Biden executive order on cryptocurrency expected this week
President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.
Associated Press
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Public transit systems getting $3.7B, with $51M heading to IndyGo
Agencies are expected to use the money to prop up day-to-day operations, including staffing and payroll as well as cleaning and sanitization to limit the spread of illness in public transportation.
U.S. gasoline prices rise again on talk of banning Russian oil
Oil prices soared early Monday before retreating. Benchmark U.S. crude surged to $130 a barrel overnight, then moderated to around $119, a 3% gain, in afternoon trading. The international price skyrocketed to $139 before falling back to about $123 a barrel.
Colts establish coaching fellowship in Tony Dungy’s honor
The program in honor of the Pro Football Hall of Fame coach will provide the team with access to talented coaches while fostering and expanding the team’s diversity, equity and inclusion initiatives.
Longtime Colts tight end Jack Doyle announces retirement
A graduate of Indianapolis Cathedral High School and a former ball boy for the Indiana Pacers, Doyle played all 131 games of his nine-year career with his hometown football team.
Indiana lawmakers discuss ‘trigger’ for income tax cuts
The leader of the tax-writing House Ways and Means Committee said Monday that talks with senators included possibly linking tax rate cuts to whether state tax collections remain strong.
EPA rule would make heavy trucks cut smog, soot pollution
The proposal released Monday by the Environmental Protection Agency would require the industry to cut nitrogen oxide emissions by up to 90% per truck over current standards by 2031.
Wall Street tumbles after oil prices touch $130 per barrel
Markets worldwide have swung wildly recently on worries about how high prices for oil, wheat and other commodities produced in the region will go because of Russia’s invasion, inflaming the world’s already high inflation.
Kohl’s to open 100 small-format stores, expand Sephora shops
As part of its plans to spearhead sales growth, Kohl’s said it forecasts its Sephora business to become a $2 billion juggernaut.
Oil up $10 per barrel as Russia’s invasion of Ukraine deepens
The surge followed a warning from Russian President Vladimir Putin that Ukrainian statehood was imperiled as Russian forces battered strategic locations.
Average U.S. gas price tops $4 per gallon, first time since 2008
During the first full week of Russia’s invasion of Ukraine, the price of regular gas rose by almost 41 cents, according to the AAA motor club.
Governor’s veto of ethanol warning upheld by Indiana Senate
The Indiana Senate narrowly upheld a veto that Gov. Eric Holcomb issued last year on a bill that would have required additional labeling for fuel pumps distributing E15, a fuel blend that contains up to 15% ethanol in gasoline.
New offices for the hybrid era? Many companies are on board
Businesses recognize there is a place for offices despite the fact that they plan to give workers more flexibility to work from home.
Visa lowers merchant credit fees for small businesses
Visa currently charges 1.5% to 2.4% in consumer credit card interchange rates, a fee that a merchant is required to pay with every credit card and debit card transaction.
U.S. added 678,000 jobs in February in sign of economic health
The Labor Department’s report Friday also showed that the unemployment rate dropped from 4% to a low 3.8%, extending a sharp decline in joblessness as the economy has rebounded from the pandemic recession.
Indiana school ‘transparency’ legislation likely dead this session
Republican House Speaker Todd Huston said Thursday that even if language from House Bill 1134 is brought back in another proposal, it’s “highly unlikely” that House Republicans would be on board.
As vaccine demand falls, states left with huge stockpiles
As demand for COVID-19 vaccines collapses in many areas of the United States, states are scrambling to use stockpiles of doses before they expire and have to be added to the millions that have already gone to waste.
Purdue Pharma, U.S. states agree to new opioid settlement
In all, the plan could be worth more than $10 billion over time. It calls for members of the Sackler family to give up control of the Stamford, Connecticut-based company so it can be turned into a new entity with profits used to fight the crisis.
Bill would restore pension benefits to 20K Delphi retirees
The largest concentrations of affected Delphi retirees are in Michigan (5,859), Ohio (5,181) and Indiana (4,044).
Indiana lawmakers send campus free speech bill to governor
The proposal, authored by Republican Rep. Jack Jordan of Bremen, aims to codify the First Amendment and U.S. Supreme Court precedents into Indiana law, which Jordan said should guide college campus policies and ensure that free speech applies equally for all students.