Biden executive order on cryptocurrency expected this week
President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.
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Public transit systems getting $3.7B, with $51M heading to IndyGo
Agencies are expected to use the money to prop up day-to-day operations, including staffing and payroll as well as cleaning and sanitization to limit the spread of illness in public transportation.
U.S. gasoline prices rise again on talk of banning Russian oil
Oil prices soared early Monday before retreating. Benchmark U.S. crude surged to $130 a barrel overnight, then moderated to around $119, a 3% gain, in afternoon trading. The international price skyrocketed to $139 before falling back to about $123 a barrel.
Colts establish coaching fellowship in Tony Dungy’s honor
The program in honor of the Pro Football Hall of Fame coach will provide the team with access to talented coaches while fostering and expanding the team’s diversity, equity and inclusion initiatives.
Longtime Colts tight end Jack Doyle announces retirement
A graduate of Indianapolis Cathedral High School and a former ball boy for the Indiana Pacers, Doyle played all 131 games of his nine-year career with his hometown football team.
IU Health gives $416M to IU medical school, reducing its profits
A leading critic of IU Health said the huge contribution appears to be a way to make the hospital system’s profits drop below $1 billion last year as it faces higher scrutiny from the Indiana General Assembly and other groups for its high fees and large profits.
Indiana lawmakers discuss ‘trigger’ for income tax cuts
The leader of the tax-writing House Ways and Means Committee said Monday that talks with senators included possibly linking tax rate cuts to whether state tax collections remain strong.
EPA rule would make heavy trucks cut smog, soot pollution
The proposal released Monday by the Environmental Protection Agency would require the industry to cut nitrogen oxide emissions by up to 90% per truck over current standards by 2031.
Wall Street tumbles after oil prices touch $130 per barrel
Markets worldwide have swung wildly recently on worries about how high prices for oil, wheat and other commodities produced in the region will go because of Russia’s invasion, inflaming the world’s already high inflation.
Raytheon’s Indianapolis unit operating under new name after acquisition
Raytheon’s Indianapolis site is now operating under the Vertex name following a recent acquisition by Madison, Mississippi-based Vertex Aerospace, but that name is expected to change again in the months to come thanks to another acquisition.
Lou Malnati’s Pizzeria plans carryout-and-delivery site in Greenwood
The deep-dish pizza specialist will add a Johnson County shop to a burgeoning roster that includes two Indianapolis locations and one in Carmel.
Kohl’s to open 100 small-format stores, expand Sephora shops
As part of its plans to spearhead sales growth, Kohl’s said it forecasts its Sephora business to become a $2 billion juggernaut.
IBJ Podcast: These women wanted a mid-life career change—and bought franchises
The owner of The Human Bean in Indianapolis and Garbanzo Mediterranean Fresh in Zionsville tell host Mason King about the biggest hurdles they faced launching a restaurant (think rising labor costs and supply chain troubles) and why they don’t regret their mid-life career changes.
Oil up $10 per barrel as Russia’s invasion of Ukraine deepens
The surge followed a warning from Russian President Vladimir Putin that Ukrainian statehood was imperiled as Russian forces battered strategic locations.
Average U.S. gas price tops $4 per gallon, first time since 2008
During the first full week of Russia’s invasion of Ukraine, the price of regular gas rose by almost 41 cents, according to the AAA motor club.
Mental health ‘epidemic’ making help increasingly hard to find
It has been difficult to find mental health counseling in much of the United States for years. But now, after two years of unrelenting stress, turmoil and grief, many people seeking help are confronting a system at or beyond capacity.
Governor’s veto of ethanol warning upheld by Indiana Senate
The Indiana Senate narrowly upheld a veto that Gov. Eric Holcomb issued last year on a bill that would have required additional labeling for fuel pumps distributing E15, a fuel blend that contains up to 15% ethanol in gasoline.
Global death toll nears 6M as pandemic enters its third year
The milestone is the latest tragic reminder of the unrelenting nature of the pandemic even as people are shedding masks, travel is resuming and businesses are reopening around the globe.
New offices for the hybrid era? Many companies are on board
Businesses recognize there is a place for offices despite the fact that they plan to give workers more flexibility to work from home.
Visa lowers merchant credit fees for small businesses
Visa currently charges 1.5% to 2.4% in consumer credit card interchange rates, a fee that a merchant is required to pay with every credit card and debit card transaction.