U.S. jobless claims rise by 28,000, but still low at 222,000
The four-week average of claims, which smooths out week-to-week ups and downs, fell below 239,000, a pandemic low.
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Holiday shoppers navigate shortages with mixed results
The holidays have always been defined by disappointing out-of-stock messages on the most popular items. But the pandemic-induced supply chain snarls have created unprecedented shortages across all types of products.
Foo Fighters, Keith Urban highlight predicted comeback season at Ruoff Music Center
Following a pandemic-affected roster of 25 concerts in 2021 and just three shows in 2020, the Noblesville amphitheater already has 10 shows on the schedule for 2022. Owner Live Nation is predicting a record year for the live-music industry.
Following lengthy legal battle, Hustler store sets opening date in Castleton
Led by late Hustler magazine founder Larry Flynt, Hustler Hollywood generated controversy in Indianapolis due to its plans for a Castleton location next door to a Chuck E. Cheese.
Christmas tree buyers face reduced supplies, higher prices
Extreme weather and supply chain disruptions have reduced supplies of both real and artificial trees this season.
MLB owners lock out players in first work stoppage since 1995
Major League Baseball plunged into its first work stoppage in a quarter-century when the sport’s collective bargaining agreement expired Wednesday night and owners immediately locked out players in a move that threatens spring training and opening day.
Bloomberg pledges $750M to expand charter schools across U.S.
The plan, according to the Bloomberg Philanthropies website, is designed to create 150,000 new seats for students in charter schools in 20 metropolitan areas around the country.
GM cites improved chip supply in raising financial guidance
General Motors raised its outlook Wednesday and said it expects to return to a normal production rate by the end of next year.
Fed survey finds supply chain shortages boosting inflation
In a survey of business conditions, the Fed’s 12 regional banks found that the economy continued to grow at a modest-to-moderate pace. But because of supply chain problems, price increases were reported to be widespread across the economy.
GivingTuesday: Record $2.7B raised during day of generosity
Donations on GivingTuesday, the annual campaign that encourages generosity on the Tuesday following Thanksgiving, rose by 9% this year in the United States alone, according to organizers.
Justices signal they’ll OK new abortion limits, might toss Roe
The outcome probably won’t be known until June. But after nearly two hours of arguments, all six conservative justices indicated they would uphold a Mississippi law that bans abortion after 15 weeks of pregnancy.
Notre Dame set to promote Kelly assistant to head football coach
Defensive coordinator Marcus Freeman would become the second Black head football coach at Notre Dame after Tyrone Willingham (2002-04).
Indiana COVID-19 cases hit highest mark since early January as death toll passes 17,000
Statewide hospitalizations due to COVID-19 increased from 2,203 on Monday to 2,244 on Tuesday, the highest number since Sept. 23.
Scott Wise plans first Indianapolis location for Roots Burger Bar
After selling the Scotty’s Brewhouse chain in 2016, Wise got back into the restaurant game in 2019 with Roots Burger Bar. But he says he expects the third location, slated for Indianapolis’ northeast side, to be the last.
First U.S. case of COVID-19 omicron variant identified
A person in California who had been vaccinated against COVID-19 became the first in the United States to have an identified case of the omicron variant, the White House announced Wednesday.
Holcomb extends public health emergency in Indiana
The signing marks the 21st time Holcomb has extended the state’s COVID-19 public health emergency, which has been in place since March 2020.
Capital One drops all overdraft fees, latest bank to do so
A number other banks have announced this year—Ally Bank and regional banking giant PNC for example—that they would end overdraft fees or create programs that would greatly lower the chance a customer would get hit with an overdraft fees.
GM venture to build North American battery chemical plant
The plant will employ hundreds of people and will start making materials in 2024, said Doug Parks, GM’s global product development and supply chain head.
At historic abortion arguments, conservative justices signal changes
The high court is hearing arguments Wednesday in which the justices are being asked to overrule the court’s historic 1973 Roe v. Wade decision legalizing abortion and its 1992 ruling in Planned Parenthood v. Casey, which reaffirmed Roe.
Glick philanthropy buys 7 affordable-housing projects for $56M
In addition to two Indianapolis communities, the acquisition involved properties in Bedford, Bloomington, Lebanon, New Albany and Shelbyville.