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Stock market turns lower as bond yields continue upward march
Stocks and bonds sold off on Thursday after Federal Reserve Chairman Jerome Powell underwhelmed markets by refraining from pushing back more forcefully against the recent spike in Treasury yields.
Senate begins considering Democrats’ $1.9T virus relief bill
Democratic leaders made more than a dozen late changes in their package, reflecting their need to cement unanimous support from all Democratic senators—plus Vice President Kamala Harris’ tie-breaking vote—to succeed in the 50-50 chamber.
Area projects land $11M in second round of state’s Next Level Trails program
The Indiana Department of Natural Resources on Thursday announced nearly $30 million in trail-development grants to 18 statewide recipients, with more than a third of that money going to projects in Marion, Hamilton, Boone, Hendricks and Hancock counties.
What we’re loving: Glazed pottery at Shine Design Home in Fishers
The shop is owned by a three-woman team that offers full interior design services in addition to less expensive in-home consultations and design boards.
Powell says higher inflation temporary, Fed will be ‘patient’
Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but the rise would likely prove temporary and not enough for the Fed to alter its record-low interest rate policies.
Parenting: What the pandemic teaches us about the need for parental leave
I’ve spoken to many working parents with children around my daughter’s age. Those fortunate enough to work from home tell me how relieved they have been to have their babies nearby.
Gardening: The boom in houseplants is more than a fad
More than half of the gardeners who answered a survey about indoor gardening said they talk to their plants—and 43% have named their plants. (The researchers didn’t ask if the plants talked back or if they liked the names they were given.)
Decorating: Animal prints gone wild
You have to know how to incorporate animal prints in the space. Take caution because there is a fine line between trendy and tacky.
Greenwood approves agreement for $83M redevelopment project
The redevelopment of the former Greenwood Middle School site would bring hundreds of residential units, plus restaurants, retailers and a public parking garage to the city’s downtown.
Recipe: Want golden, crispy fish without deep-frying? This air fryer recipe is for you.
I love fried foods, but it can be a messy kitchen project, especially on a weeknight, and these days I’ve relegated deep-fried foods to the occasional treat.
Statewide COVID-19 hospitalizations hit lowest level since July 8
The state said more than 633,000 Hoosiers had been fully vaccinated against COVID-19 as of Thursday. More than 1.06 million had received the first dose of a vaccination.
Disney to shut 60 North American stores, 20% of global total
Indiana has two Disney Store locations—one in Indianapolis at Castleton Square Mall and one in Merrillville.
U.S. jobless claims tick up to 745,000 as layoffs remain high
Counting supplemental federal unemployment programs that were established to soften the economic damage from the virus, an estimated 18 million people are collecting some form of jobless aid.
Productivity see largest decline in 40 years, but beats earlier estimates
The revised figure released by the Labor Department on Thursday was slightly smaller than the 4.7% decline estimated a month ago. But it was still the biggest drop since the second quarter of 1981.
Westfield-Washington Public Library chooses downtown spot for new location
The Westfield-Washington Public Library’s board voted last week to build its new 45,000-square-foot library near the city’s growing downtown. The board is working on a 3.4-acre purchase agreement for the future site of the $16.7 million project.
Spectators to be allowed at Big Ten men’s, women’s tournaments in Indy
A limited number of spectators will be allowed to attend the Big Ten Conference’s men’s and women’s basketball tournaments in Indianapolis this month, the conference announced Thursday morning.
All Indiana teachers now eligible for COVID-19 vaccines, but only at certain sites
All Indiana teachers are now eligible for COVID vaccines under a new federal directive. Vaccines earmarked for educators are separate from the overall allocation the state receives, said Indiana State Department of Health Chief Medical Officer Lindsay Weaver.
Calumet Specialty Products posts annual loss for 7th straight year
The Indianapolis-based company, which makes specialty petroleum products, last posted an annual profit in 2013. Calumet’s cumulative annual losses since then total $931.7 million.
It’s still too early to declare ‘mission accomplished’ on pandemic, Indiana officials say
More than 1.03 million Hoosiers—or about 15% of the state’s population of about 6.7 million—have received at least one dose of a COVID-19 vaccine, but it could take weeks or months to immunize the entire state, health officials say.