U.S. economy shrank at 5% annual rate in first quarter
It was the biggest quarterly decline in more than a decade, since an 8.4% fall in the fourth quarter of 2008 during the depths of the financial crisis.
Another 2.1M file unemployment claims, including 26,278 in Indiana
About 41 million people have applied for aid since the virus outbreak intensified in March, but about half of them have gone back to work.
Mail-in voting could turn Election Day into Election Week
State election officials in some key battleground states have recently warned that it may take days to count what they expect will be a surge of ballots sent by mail out of concern for safety amid the pandemic.
Late-session spurt lifts Dow above 25,000 for the first time since early March
The Dow Jones industrial average jumped 553 points Wednesday, about 2.2 percent. Financial stocks and beaten-up industrials helped power the blue chips—a comeback that signals confidence in the recovery.
As pandemic delays continue, Minor League Baseball season facing growing doubts
According to more than a half-dozen general managers and player development executives, the best hope of salvaging even part of a minor league season might not come until late summer, and it could center more on intrasquad games rather than a full season.
Could pandemic put a damper on rising CEO compensation?
The pay gap between the boss and their workforces widened further last year, according to AP’s annual survey of executive compensation, but the impact of COVID-19 could eventually shrink that divide, or maybe even widen it.
U.S. House poised for first-ever proxy vote amid political wrangling
Deadlocked over the next big coronavirus relief bill, Congress is shifting its attention to a more modest overhaul of small-business aid in hopes of helping employers reopen shops and survive the pandemic.
Indiana regulators agree to hear utility request to raise rates in wake of pandemic losses
Two weeks after 10 Indiana utilities asked state regulators for permission to charge ratepayers for millions of dollars in revenue the utilities stand to lose because of the COVID-19 pandemic, the state has agreed to consider the matter.
Indiana’s COVID-19 case total rises by 359, deaths by 21
The Indiana State Department of Health said Wednesday that the cumulative death toll in the state rose to 1,871, up from 1,850 the previous day.
Indy PopCon calls off July extravaganza, plans online film festival
The comic and popular-culture convention was expected to draw about 40,000 people downtown to the Indiana Convention Center.
Marion County to ease more pandemic restrictions starting Friday
Indianapolis Mayor Joe Hogsett on Wednesday said he will begin easing more of Marion County’s pandemic-related restrictions starting Friday, but most of the changes won’t take place until Monday.
Tuesday Morning becomes fifth big retailer to file Chapter 11
Tuesday Morning has 13 stores in Indiana, including three in Indianapolis, one in Carmel and one in Fishers.
Beyond COVID podcast: Use a ‘crisis journal’ to track key decisions
Netlogx has been working to help clients navigate the difficulties of the pandemic. And one of its key pieces of advice to business leaders is to keep a crisis journal. And to do it every day because the situation and information has been changing so quickly.
Memorial Day weekend gave Indianapolis restaurants a small boost, report says
Indianapolis restaurants got a much-needed boost during the Memorial Day weekend, as in-person dining services resumed for the first time in more than two months—at least on an outdoor basis. But dining numbers paled in comparison to a year ago.
Terre Haute prison inmate with COVID-19 dies; 3 others have virus
Some prisoners at the federal prison in Terre Haute have asked for early or home release because of the pandemic, including former Indianapolis-area executives Paul Elmer and Thomas Buck.
Stocks soar as New York Stock Exchange reopens floor to traders
All 11 S&P stock sectors advanced, led by financials and industrials, which had been unloved sectors. Their comeback is a sign that the slow recovery is broadening.
Wall Street climbs as recovery hopes overshadow virus worries
Stocks surged on Wall Street in morning trading Tuesday, driving the S&P 500 to its highest level in nearly three months.
Indiana passes 32,000 mark for COVID-19 cases
The Indiana State Department of Health said Tuesday that the cumulative death toll in the state rose to 1,850, up from 1,832 the previous day—an increase of 18.
KAR raises $550M to help it emerge from pandemic shutdown
KAR Auction shares rose more than 9% Tuesday morning after the company announced the investment by London-based Apax Partners, a global private equity advisory firm, with participation by New York City-based Periphas Capital L.P.
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IBJ Podcast: ‘When can we be with Grandma and Grandpa?’ and other COVID questions families are asking
Two public health experts field questions vexing families with children, including topics such as grandparents, youth sports, preschools, masks, eating out and taking safe vacations.
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