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U.S. economy shrank 3.5% in 2020 after growing 4% in final quarter

January 28, 2021 | Associated Press

Thursday’s report from the Commerce Department estimated that the nation’s gross domestic product—its total output of goods and services—slowed sharply in the October-December quarter after a record 33.4% surge in the July-September quarter.

Sugar Factory to open at Circle Centre in former Palomino space

January 28, 2021 | Mickey Shuey

A New York City-based restaurant and candy store chain known for its extravagant desserts, colorful decor and celebrity following is planning to open a location in downtown Indianapolis later this year.

AI-driven software startup plans 51 new jobs as part of expansion

January 28, 2021 | IBJ Staff

Catipult.AI, which is now located at 55 Monument Circle, said it will invest $2.6 million to expand its operations, including a move to a larger but yet-to-be determined space.

Indiana parent sues education board over virtual funding in the pandemic

January 28, 2021 | Dylan Peers McCoy / Chalkbeat Indiana

The mother, who has two children who attend virtual schools in Indiana, argued that a rule to fully fund students who attend remotely because of the pandemic violates several laws and is unfair to children who were already enrolled in virtual schools. 

Apple to crack down on tracking iPhone users in early spring

January 28, 2021 | Associated Press

Apple has been holding off to give Facebook and other app makers more time to adjust to a feature that will require iPhone users to give their explicit consent to being tracked.

Fed stresses its commitment to low rates as economy stumbles

January 28, 2021 | Associated Press

Speaking at a news conference, Federal Reserve Chairman Jerome Powell made clear his belief that the economy will struggle in the coming weeks and months, until widespread vaccinations and government rescue aid eventually fuel a sustained rebound.

Biden signs orders aimed at eliminating nation’s reliance on fossil fuels

January 27, 2021 | Associated Press

President Joe Biden has set a goal of eliminating pollution from fossil fuels in the power sector by 2035 and from the U.S. economy overall by 2050, speeding growth of solar and wind energy and lessening the country’s dependence on oil and gas.

Stocks have their worst day since October as Big Tech sinks

January 27, 2021 | Associated Press

The sharp selling is a shift from the market’s recent record-setting run and comes as investors focus on the outlook for the economy and corporate profits amid a still-raging coronavirus pandemic.

Meijer, Walmart, Kroger begin offering COVID-19 vaccines by appointment

January 27, 2021 | John Russell

Gov. Eric Holcomb said Wednesday that the federal government, which controls the vaccine supply, is expected to increase Indiana’s weekly allotment by 16%, or about 13,000 extra doses, within three weeks, allowing the state to expand the program to big pharmacies.

House committee advances bills to create small business, learning loss grant programs

January 27, 2021 | Lindsey Erdody

The Indiana House Ways and Means Committee on Wednesday unanimously voted to approve pandemic-related bills that would allocate $30 million to help small businesses and $150 million to help students struggling from learning loss.

State lawmakers add $70M to bill to upgrade police training academy

January 27, 2021 | Lindsey Erdody

The Indiana House Ways and Means Committee on Wednesday amended House Bill 1006 to add the funding to the legislation before unanimously voting to send it to the full House for consideration.

Statehouse

Holcomb extends county-by-county restrictions for another month

January 27, 2021 | Lindsey Erdody

The current executive order outlines restrictions based on the rate of infection in each county. Under the county-by-county system, each county is assigned a color each week that is based on its seven-day positivity rate and number of infected individuals per 100,000.

In war over GameStop, big funds yield to smaller investors

January 27, 2021 | Associated Press

Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it’s become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.

How to store and replant vegetable garden seeds

January 27, 2021 | Jeff Rugg, Special to IBJ

Q: I saved seeds from several of my garden plants last year, including pumpkins, peppers and peas. I want to store more again this fall, but I wanted to start with a few and see how they worked. Besides just planting them and seeing what comes up, how can I be sure the seeds are […]

How to mix colors and patterns in your home

January 27, 2021 | Joseph Pubillones, Special to IBJ

Working with color is the fun part of pulling your home together. Initially, don’t get caught up in getting it right the first time you select your colors, fabrics and patterns. Learning and editing is part of the process. Don’t let all the decisions get in the way of your own imagination and enthusiasm. The […]

The pandemic is showing us which friendships are worth keeping

January 27, 2021 | The Washington Post

Just as working from home has revealed that commuting to an office five days a week isn’t necessary for every worker, some who once tried to maintain dozens of friendships are realizing they’re more fulfilled while keeping up with just their nearest and dearest.

Indoor exercises to prepare you for hiking the great outdoors

January 27, 2021 | The Washington Post

The offseason is an excellent time to work on developing the mental fortitude, endurance, strength and flexibility to hit the trails running (well, hiking) once the ice melts.

Fiat Chrysler agrees to plead guilty, pay $30M in UAW probe

January 27, 2021 | Associated Press

Company representatives gave more than $3.5 million in cash and other things of value to senior officials at the United Auto Workers, federal prosecutors in Detroit said as they charged FCA with conspiracy from 2009 to 2016.

U.S. air travel hits lowest daily number in six months

January 27, 2021 | The Washington Post

New air travel restrictions enacted by the Biden administration and other nations to prevent the spread of new, more-contagious variants of the coronavirus might be affecting hopes for a speedy return to travel.

Real Estate Weekly: News Notes 01/19/21

January 27, 2021 | IBJ Staff

These news notes appeared in IBJ’s Real Estate Weekly on Jan. 19, 2021: — Several City Market vendors, all owned by Cindy and Roger Hawkins, have—or will soon—depart the marketplace. Circle City Sweets, which offers a variety of baked goods and pastries, will vacate its City Market spot for a new location at 16 Tech’s […]

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