Airlines aiming for takeoff as lockdowns ease, demand rises
After a pronounced slump in air travel in the spring, airlines are adding back flights as they hope to salvage some lost revenue during the key summer travel season.
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Stocks fall sharply on Wall Street as investors turn jittery
The sell-off this week marks a reversal for the market, which rallied 44.5% between late March and Monday, a scorching rate that many skeptics said was unsustainable and didn’t reflect the dire condition of the economy.
Companies touting Black Lives Matter face workforce scrutiny
Some of the biggest companies pledging solidarity with their black employees and the black community often fall short in their efforts to recruit, maintain and promote minorities within their own ranks.
Potential COVID-19 vaccine on track for large-scale test in July
The vaccine, developed by the U.S. National Institutes of Health and Moderna Inc., will be tested in 30,000 volunteers—some given the real shot and some a dummy shot.
U.S. wholesale prices increase 0.4%, led by food, energy costs
Food costs have been rising due to high demand from Americans cooking more at home, but also because of lost production following virus outbreaks at food-processing facilities.
NASCAR bans Confederate flag from its races, venues
The ban was announced before Wednesday night’s race at Martinsville Speedway in Virginia, where the series’ only black drive, Bubba Wallace, drove Richard Petty Motorsports’ No. 43 Chevrolet with a #BlackLivesMatter paint scheme.
Prosecutor asks state police to investigate Indy police shooting
The special prosecutor named to oversee the May 6 shooting death of a black man by an Indianapolis Metropolitan Police Department officer asked the Indiana State Police on Wednesday to handle the investigation.
Mid-American Conference schools create separate conference for esports
The new varsity team at Ball State, where about 500 people participate in the esports club, will help bring esports experiences into education for digital sports production, business, animation and other fields.
Federal Reserve to keep providing aid, sees no rate hike through 2022
Chairman Jerome Powell stressed the Fed’s commitment to ultra-low borrowing rates for the foreseeable future. “We’re not thinking about raising rates,” he said. “We’re not even thinking about thinking about raising rates.”
Movie theaters, closed for months, preparing for July reopenings
After three months of near total blackout of cinemas nationwide, movie theaters are preparing to reopen—even if it means only a few titles on the marquee and showings limited to as little as 25% capacity.
Indiana schools to have flexibility when reopening, McCormick says
The reentry plan provided by the state is broad and non-mandatory, meaning it will be up to school districts to decide whether students and faculty would have to undergo health screenings, wear masks and adhere to social distancing best practices.
Insurance telemarketers face fines of $225M for billion robocalls
State attorneys general of Indiana, Arkansas, Michigan, Missouri, North Carolina, Ohio and Texas sued the two men and their Houston-based companies for violating the federal law governing telemarketing.
Chicago loses massive trade show to coronavirus pandemic
More than 129,000 people had signed up to attend the International Manufacturing Technology Show, making it the largest convention scheduled for the city this year.
Review: Davidson steps up in ‘The King of Staten Island’
What is so refreshing about “The King of Staten Island” is that there isn’t some big Hollywood arc to it.
Federal Reserve acts to broaden appeal of Main Street Lending Program
The Federal Reserve is expanding the range of companies that will qualify for its soon-to-begin Main Street Lending Program, in which the Fed will lend directly to individual companies for the first time since the Great Depression.
Home gardeners can help the hungry by donating some harvest
The nation’s overburdened food pantries tend to only have access to canned fruits and vegetables. But call before dropping off your fresh produce.
S&P 500 rallies to pre-pandemic level; Nasdaq hits record high
The S&P 500 climbed back within 4.5% of its own record, as optimism strengthens that the worst of the recession may have already passed.
Most Indiana casinos ready to reopen next week under virus plans
The Indiana Gaming Commission required casino safety plans to include how they would encourage six-foot distancing between gamblers and limit the number of people at table games, along with requiring face masks for employees.
Economists say recession official, ending nearly 11 years of growth
It’s possible that the recession could technically end soon, making it the shortest and deepest on record.
Latest jobs report diminishes GOP appetite for more virus aid
With more people than expected returning to the workforce, the enormous sense of urgency that produced the first four federal pandemic aid bills has faded, along with the freewheeling dynamic that inflated the price tags.