KAR Global units to terminate 48 employees in Plainfield
The companies attributed the terminations to business conditions caused by the ongoing pandemic.
Housing instability could upend state’s economy
Housing advocates are warning of a tidal wave of evictions in the state this summer unless an effort is coordinated to head it off.
FFA cancels national convention in Indy as downtown reels from tourism drought
The agriculture-education group cited lingering concerns over the coronavirus pandemic for scuttling the four-day event, which last year brought more than 68,000 people downtown.
UPDATE: Indy 500 to run with stands at 50% capacity, IMS officials say
About 175,000 tickets—most of them renewals—have been sold for the race, IMS confirmed to IBJ. Ticket requests are still being accepted, going into a queue for fulfillment after existing ticketholders have been accommodated.
Indiana reports increase of 485 COVID-19 cases, nine deaths
Worldwide coronavirus cases are closing in on 10 million with nearly 500,000 deaths.
Trump administration asks Supreme Court to strike down Obamacare
In the brief, Solicitor General Noel Francisco argued that all of the Affordable Care Act should be struck down because one of its core provisions, the individual mandate, is unconstitutional, rendering the rest of the law invalid as well.
Meat shortages reopen costly path to small U.S. slaughterhouses
Congress is considering amending laws to make it easier for smaller processors to sell products. But while new, smaller slaughterhouses could be the antidote to industry concentration, they don’t offer a quick, or inexpensive, fix.
U.S. consumer spending up 8.2%, partly erasing record plunge
Friday’s Commerce Department report showed that Americans stepped up their spending in May despite a 4.2% decline in personal income.
U.S. health officials estimate 20M Americans have had coronavirus
Twenty million infections means that about 6% of the nation’s 331 million people have been infected.
Audit: U.S. sent $1.4B in virus relief payments to dead people
The errors occurred mainly because of a lag in reporting data on who is deceased. It’s a lapse that tax experts say is almost inevitable.
Banks lead gains for stocks on Wall Street in jumpy trading
Financial companies led stocks broadly higher on Wall Street on Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on the ability of banks to make investments.
Fans to be allowed to attend the Kentucky Derby, with restrictions
Churchill Downs will institute a number of operating procedures for the Kentucky Derby, which has been moved to Sept. 5 because of the pandemic.
Indiana reports increase of 515 COVID-19 cases as testing rising
Marion County has seen 675 deaths and more than 11,000 virus cases during the pandemic, according to the latest numbers from the state health department.
Macy’s cutting 3,900 corporate jobs as layoffs hit headquarters
The job cuts are in addition to the staff reductions already taking place inside stores, along the Macy’s supply chain and in customer support roles.
Chuck E. Cheese, hit hard by pandemic, files for bankruptcy
Chuck E. Cheese, which has four Indianapolis-area locations, has been particularly hammered by the health crisis because it is more of an entertainment venue for families than a restaurant.
Indiana sees new jobless claims rise for third straight week amid national decline
The number of laid-off workers who applied for unemployment benefits declined slightly, to 1.48 million, nationally last week, the 12th straight drop. But claims jumped in Indiana.
GNC to close at least one Indianapolis store, possibly as many as six
Vitamin and nutrition chain GNC Holdings on Wednesday identified four Indiana stores that will permanently close and seven others that could close as part of its bankruptcy reorganization.
Report: State, local relief still needed from feds to avert 4M layoffs
Wednesday’s report by Moody’s Analytics warns that doing nothing to address the economic perils of state cutbacks could cost millions of jobs. But it also says that significantly less federal aid is needed than what’s being called for by House Democrats.
NFL teams could cover seating around field with ads to make up lost revenue
The NFL and its franchises are discussing a plan by which rows of seating closest to the field in stadiums this season could be covered and used to display the logos of sponsors and messaging for league and team initiatives.
Holcomb announces $25M pandemic rental assistance program
The $25 million program, funded through federal aid the state received through the Coronavirus Aid, Relief, and Economic Security Act, will provide assistance of $500 per month for up to four months. The state expects the program to help about 12,000 households.
Resources
Centers for Disease Control and Prevention CDC Resources for Businesses and Employers OSHA Guidance on Preparing Workplaces for COVID-19 Indiana State Department of Health Indy Chamber Rapid Response Hub Small Business Administration The SBA is making low-interest loans for working capital available to Indiana small businesses. Indiana Unemployment Information Johns Hopkins Coronavirus Dashboard Critical Industries Hotline(for business and industry only)
877-820-0890
[email protected] State’s virus-related executive orders State plan to reopen Indiana