Federal Reserve rolls out $2.3T plan to buttress cities, businesses
The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.
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Rural Indiana virus worry: ‘What more could I have done?’
Decatur County and two other counties in southeast Indiana have among the highest per-capita infection rates in the country, topping the Seattle area and some counties near hard-hit Detroit.
Former Purdue President Steven Beering dies at 87
Under Beering’s 18-year-tenure, Purdue University grew its liberal arts programs, promoted diversity and added 20 major buildings. Enrollment of international students grew threefold to become the largest at any public university.
CDC weighs loosening guidelines for some exposed to virus
The Centers for Disease Control and Prevention is considering changing its guidelines for self-isolation to make it easier for those who have been exposed to someone with the coronavirus to return to work if they are asymptomatic.
Wall Street rally fizzles as oil prices suddenly plunge
The Dow Jones industrial average closed the day with a 26-point loss after losing an earlier gain of 937 points.
After virus fades, service industries might be changed forever
The pandemic is almost sure to leave a mark on the way people work, shop and socialize, perhaps permanently shifting the way many industries operate.
Dow skyrockets 1,627 points on signs new virus deaths could be slowing
A worldwide rally gained steam on Wall Street on Monday, propelling major indexes up more than 7%, as traders cheered glimmers of hope that the deadliness of the coronavirus outbreak could be slowing in some of the hardest-hit areas.
IndyCar planning new October race on IMS road course
The added stop at Indianapolis, called the Harvest GP, would be the third trip to the speedway in one season for IndyCar.
Stocks rise sharply on hopes of progress in battling virus
U.S. stocks climbed more than 5% in morning trading, following up on gains that were nearly as big in Europe and Asia.
Trump says ‘toughest’ weeks ahead as coronavirus spreads
At the same time, President Trump expressed growing impatience with social distancing guidelines and said he’s eager to get the country reopened and its stalled economy back on track.
Health care jobs evaporate in pivot to COVID-19 treatment
Even as hospitals scrounge for professionals from the industry to treat the burgeoning numbers of people with COVID-19, others are on the sidelines as elective procedures, diagnostics and appointments are canceled or postponed.
WNBA postpones start of season because of pandemic
The league was scheduled to open training camps April 26 and the regular season was set to begin May 15. The WNBA will still hold a “virtual” draft April 17.
Purdue University postponing planned raises amid virus crisis
Purdue President Mitch Daniels told trustees Thursday that he’s also limiting repairs and purchases and putting a freeze on new hires.
Stocks rise as a bounce in oil prices lifts energy sector
Oil surged more than 30% immediately after President Donald Trump said he expects Saudi Arabia and Russia to back away from their price war.
U.S. unemployment claims hit record 6.6M as layoffs accelerate during pandemic
The figure for last week is much higher than the previous record of 3.3 million reported for the previous week.
ACLU: Indiana virus directive shouldn’t restrict abortions
Gov. Eric Holcomb’s directive calls for all Indiana health care facilities to cancel or postpone non-urgent surgical procedures amid the coronavirus pandemic.
Stocks skid as physical, economic toll of virus worsens
Wall Street and markets around the world fell sharply Wednesday as the economic and physical toll caused by the coronavirus outbreak mounts—and as experts say they still can’t predict when it will end.
Businesses might get COVID-19 relief loans as soon as Friday
The loans are available to small businesses ranging from sole proprietors and freelancers to companies with up to 500 employees.
Trump administration rolls back future mileage standards for vehicles
The Trump administration says the looser mileage standards will allow consumers to keep buying the less fuel-efficient but safer-to-drive SUVs that U.S. drivers have favored for years.
Gas is getting even cheaper, but motorists have nowhere to go
Demand is weak because so many Americans are under shelter-in-place rules and businesses have been closed because of the coronavirus outbreak.