Startups raked in $621 billion in 2021, shattering funding records
In 2021, investors more than doubled the amount of cash they handed out to startups, according to new data from research firm CB Insights.
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Allegiant orders 50 Boeing Max jets, ending all-Airbus fleet
Allegiant Airlines—which operates a major base in Indianapolis—is reversing a strategy of keeping costs low by flying only Airbus SE planes that it typically leased or purchased used.
Faster, ‘fun-to-do’ golf driving record numbers to the game
More than 500 million rounds of golf were played in 2020, and the early returns from 2021 indicate that this year will be even better.
ESPN has $400M in college football playoff ads at risk from COVID
The national spike in COVID-19 cases imperils hundreds of millions of dollars in college football playoff advertising for Walt Disney Co.’s ESPN sports network because of the growing risk games might be canceled, Bloomberg Intelligence estimated in a note Tuesday.
Fearing the ax in 2022, CEOs sweat supply chain more than COVID
A new survey of more than 3,000 top executives found that supply chain, labor market and digitalization topped the lists of concerns for 2022.
Restaurants and theaters begin to close as omicron grips U.S.
There were no government orders or local restrictions prompting the closures this time around. Rather, businesses were forced to close due to too many staffers getting COVID—or out of caution.
Omicron at least doubles risk of getting infected on planes, airline adviser says
Passengers should avoid face-to-face contact and surfaces that are frequently touched, and people sitting near to each other should try not to be unmasked at the same time during meals, according to the top medical adviser to the world’s airlines.
Child tax credit ending just as inflation hits new highs
The last of six monthly payments, up to $300 per child, is scheduled to hit bank accounts on Wednesday.
New Salesforce co-CEO Bret Taylor has growth on his mind
Investors are clamoring for the top provider of cloud-based customer relations management software to prove it can expand beyond its core business. Any misstep is bound to be noticed.
U.S. commerce secretary urges boost in semiconductor output
Gina Raimondo will press Congress to pass legislation that would put about $52 billion toward U.S. chip manufacturing in a speech to the Economic Club of Detroit during a visit to the city that’s the capital of American auto manufacturing.
Zoom stock tumbles amid signs of slowing growth
The video-conferencing company reported a smaller-than-projected number of large customers for a second straight quarter, stoking concerns about growth as more workplaces and schools open back up.
Inflation set to spoil holidays for struggling U.S. families
Inflation is eating into recent wage increases, and the timing couldn’t be worse after federal pandemic relief expired for about 7.5 million people.
Wild bidding wars erupt at used-tractor auctions across the U.S.
The used tractor business is quickly becoming a crucial marketplace that’s allowing farmers to keep harvesting corn, wheat and soy day and night at a time of insatiable demand from buyers.
Ikea forecasts tougher year due to supply-chain issues
The biggest problem is that Ikea’s growth is being crimped because the company can’t meet demand, its CFO said Wednesday.
American’s canceled flights portend messy holiday travel
The razor-thin staffing that contributed to thousands of canceled U.S. passenger flights in October doesn’t bode well for smooth holiday travel.
Southwest cuts flight schedule again to smooth operations
The decision to pare service highlights the difficulty that Southwest and other carriers have had adding workers since the summer, when demand surged more than expected after COVID-19 restrictions were lifted.
Vaccine booster mix-and-match approach poised for FDA clearance
Preliminary results of a U.S. government-sponsored trial found that mixing coronavirus vaccines produces as much or more antibodies as using the same shot as a booster.
Supply-chain crunch creating shortages of some foods
More than a year and a half after the coronavirus pandemic upended daily life, the supply of basic goods at U.S. grocery stores and restaurants is once again falling victim to intermittent shortages and delays.
Signet bets $490M on bridal resurgence with Diamonds Direct deal
The cash deal will add 22 stores and 500 employees to Signet Jewelers Ltd.’s network. Diamonds Direct has one store in Indianapolis.
Electric vans roll off Indiana line that once made gas-guzzling Hummers
The van, manufactured at the Electric Last Mile Solutions Inc. plant in Mishawaka, is among the first of its kind in the U.S. market: a fully electric, light-duty vehicle meant for delivery workers, contractors and other commercial fleets.