Musk says $44B Twitter acquisition ‘temporarily on hold’
Elon Musk’s concern about spam and fake accounts on the social media platform represents yet another twist amid signs of internal turmoil over the proposed acquisition.
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Existing-home sales slip in central Indiana as prices hit new highs
Sales have been on the downturn in typical residential hotbeds Hamilton, Johnson and Marion counties, but have been on the rise in Madison, Hancock and Morgan counties.
Powell: ‘Soft’ economic landing might be out of Fed’s control
Federal Reserve Chair Jerome Powell, fresh off winning confirmation for a second term, acknowledged for the first time Thursday that high inflation and economic weakness overseas could thwart his efforts to avoid causing a recession.
White House warning: U.S. ‘vulnerable’ to COVID without new shots
White House COVID-19 coordinator Dr. Ashish Jha issued a dire warning Thursday that the U.S. will be increasingly vulnerable to the coronavirus this fall and winter if Congress doesn’t swiftly approve new funding for more vaccines and treatments.
Indiana debates civics standards for middle schoolers
What Indiana does and does not teach about government—such as constitutional amendments beyond the Bill of Rights—is back in the spotlight this week as the state moves forward with a new middle school civics course. In civics across all grade levels, the state standards stop at the Bill of Rights, with no specific requirements for […]
Senate confirms Powell for second term as Federal Reserve chief
The 80-19 vote reflected broad support in Congress for the Fed’s drive to combat surging prices through a series of sharp interest rate hikes that could extend well into next year. The Fed’s goal is to slow borrowing and spending enough to ease the inflation pressures.
Museum seeks recollections of Central State Mental Hospital
Memories of patients, staff members and neighbors of Central State Mental Hospital are being compiled for a digital archive.
DMD recommends approval for controversial $61M Willows project
The Indianapolis Department of Metropolitan Development on Thursday said the redevelopment of The Willows Event Center property north of Broad Ripple into more than 250 apartments and town homes should be permitted to move forward.
Average long-term U.S. mortgage rates edge up to 5.3%
Average long-term U.S. mortgage rates are continuing to rise, with interest on the key 30-year loan at its highest level since 2009.
Mercedes tells owners of 292K vehicles to stop driving them
Mercedes-Benz said the vehicles in question have a problem that could cause the brakes to fail.
Biden cancels offshore oil lease sales in Gulf Coast, Alaska
The Biden administration says it is canceling three oil and gas lease sales, removing millions of acres from possible drilling as U.S. gas prices reach record highs.
Crypto comes to Washington. Will the millions buy influence?
Cryptocurrency tycoons are emerging as political power players. They are pouring millions of dollars into elections as they try to gain influence over members of Congress who will write laws governing their industry.
Central Indiana cities plan new regional development authority
The new Central Indiana Regional Development Authority initially would include Anderson, Carmel, Fishers, Indianapolis, McCordsville, Noblesville, Westfield and Zionsville.
2022 Health Care Heroes: Unit’s care goes beyond treating illness
In August, a team of Riley physicians, advanced practice providers and nurses began making plans to provide care to hundreds of minor refugees after their families evacuated Afghanistan to escape the Taliban’s takeover of the country. But their care went beyond treating illnesses.
Cummins shareholders reject splitting CEO, board chair duties
Had the proposal been approved, Cummins CEO Tom Linebarger would have been stripped of the chairmanship.
Indianapolis-based Centerfield launches $400M investment fund
The investment fund is Centerfield Capital Partners’ fifth, and the largest yet in the private-equity firm’s 24-year history.
U.S. casinos had best month ever in March, winning $5.3B
The casinos collectively also had their best first quarter ever, falling just short of the $14.35 billion they won from gamblers in the fourth quarter of last year, which was the highest three-month period in history.
Senate bid to save Roe v. Wade falls to GOP-led filibuster
Some Republicans argued that the House-passed bill is more extreme than Roe, and would expand abortion access beyond what is already the law.
Vegetable oil prices soar, far outstripping other food inflation
Extreme weather and the war in Ukraine have tightened global supplies of the four most commonly used types of vegetable oil—staple ingredients that are as ubiquitous in home kitchens as they are in restaurants and packaged foods.
Louisiana-based company acquires Indianapolis IT services firm
Indianapolis-based Accelerate Inc., a 27-year-old IT managed services provider, has been acquired by The Purple Guys, the companies announced Tuesday.