U.S. stock indexes slide as China’s currency hits 11-year low
U.S. stocks nosedived in morning trading Monday as China’s currency fell sharply and stoked fears that the trade war between the world’s two largest economies would continue escalating.
Associated Press
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Indiana casinos looking for jump on Midwest sports betting
Indiana casinos are racing ahead with preparations to launch legalized sports betting in early September, looking to seize an advantage over competitors in Chicago and other nearby large markets where such wagers aren’t yet allowed.
July U.S. jobs report shows solid gains amid trade frictions
U.S. employers slowed their hiring in July, but added a still-healthy number of jobs. Average hourly earnings increased 3.2% from a year ago, up from annual gains of 3% in June.
Trump says he’ll put 10% tariffs on remaining China imports
President Donald Trump intensified pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking.
NCAA unveils new enforcement arm with outside investigators
Creating a new process for dealing with some high-profile infractions cases was one of several recommendations made last year by the Rice Commission on college basketball.
Anderson buys historic theater after failed renovations
Mayor Thomas Broderick Jr. said the price was reasonable and the theater could be tied into redevelopment efforts in the city.
IndyCar to use hybrid technology to boost horsepower, safety
The addition of the hybrid powertrain will delay the debut of IndyCar’s new engine from 2021 to 2022, realigning it with the arrival of the next chassis.
Indiana gets $17M in latest round of U.S. airport grants
The latest round of airport infrastructure grants includes $4.74 million to Indianapolis International Airport for taxiway and apron rehabilitation and security enhancements.
U.S. to set up plan allowing prescription meds from Canada
The Trump administration said Wednesday it will create a pathway allowing Americans to legally and safely import lower-cost prescription drugs from Canada for the first time, reversing years of opposition from federal health authorities.
New vehicle models rolling out at Subaru’s Indiana factory
The Lafayette factory now has about 5,700 workers and, in April, produced its 4 millionth vehicle since opening in 1989.
Federal Reserve poised to cut rates for first time in decade
Under Chairman Jerome Powell, the Fed has faced pressure to ease credit since it raised its key rate in December for the fourth time in 2018 and hinted that additional rate increases were likely this year.
Health chief says Trump working on prescription import plan
The Trump administration is working on a plan that would allow Americans to import lower-priced prescription drugs from Canada, Health and Human Services Secretary Alex Azar said Tuesday.
Richer U.S. households fueling hot job sector: ‘wealth work’
In an era that has witnessed a steady loss of manufacturing jobs, wealth positions hold one major distinct advantage: Because these jobs require personal interaction, they are immune to the threat of automation and outsourcing.
U.S. consumer confidence rebounds sharply in July
The bounce back from last month’s drop was much stronger than economists expected.
Eli Lilly tops quarterly expectations, raises forecast
A jump in sales from the diabetes treatment Trulicity helped push the Indianapolis-based drugmaker to a better-than-expected second quarter.
Doctors say insurers increasingly interfere with patient care
Insurers say advances in medical care are prompting them to review more cases before deciding on coverage. They say the checks are not meant to delay or stifle care, but doctors say they worry about the growing influence insurers have over patient treatment.
Arrest made after massive Capital One data breach
A hacker gained access to personal information from more than 100 million Capital One credit applications, the bank said Monday as federal authorities arrested a suspect in the case.
Fever’s Wheeler named MVP in All-Star debut
Scoring 25 points, Erica Wheeler of the Indiana Fever on Saturday became the first undrafted player to win the WNBA All-Star Game’s MVP award.
INDOT buying houses for U.S. 31 upgrades in Tipton County
Property records show the agency has bought 12 properties totaling more than 17 acres over the past year between Indiana 28 and the Tipton-Howard county line.
Indiana official fights state AG’s subpoena in groping probe
Indiana’s inspector general is fighting state Attorney General Curtis Hill’s effort to subpoena records from her investigation into allegations that he drunkenly groped four women at a bar last year.