Carmel seeing flurry of new restaurants
Several new restaurants have either opened or are planning to open in Carmel, including a new Hawaiian-inspired cafe, a triple-concept eatery, a library coffeehouse and a milkshake shop.
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City sets up first Black-led community development loan fund
Indianapolis is making preparations for its first Black-led Community Development Financial Institution, which will aim to offer businesses in economically disadvantaged communities access to capital and other help.
White House makes big changes to ideas to pay for $2T plan
In an abrupt change, the White House on Wednesday floated new plans to pay for parts of President Joe Biden’s $2 trillion social spending package, shelving a proposed big increase in corporate tax rates and scaling back other proposals.
NFL, players agree to end ‘race-norming’ in $1B settlement
The vast majority of the league’s players—70% of active players and more than 60% of living retirees—are Black. So the changes are expected to be significant, and potentially costly for the NFL.
Indiana’s GOP push against vaccine mandate faces hurdles
Some conservative Indiana lawmakers who want to stymie planned COVID-19 vaccine mandates for private employers are facing skepticism from their own Republican leaders and the state’s largest business group.
Fed survey finds economy facing supply-chain issues, other drags
In its latest survey of business conditions around the nation, the Fed said a majority of its 12 regions viewed consumer spending, the main driving force for the economy, as remaining positive despite the various speed bumps.
FDA OKs mixing COVID vaccines; backs Moderna, J&J boosters
The Food and Drug Administration’s decisions mark a big step toward expanding the U.S. booster campaign, which began with extra doses of the Pfizer vaccine last month.
Letter: City should do more to protect Idle park
Set between interstates 65 and 70 in the city’s highway “spaghetti bowl,” this diamond-shaped pocket park on the Indianapolis Cultural Trail was an oasis of rest and relaxation for travelers on the trail.
Fifth Third Bank announces $20M investment in Arlington Woods neighborhood
Most of of the funding will will go to improve mortgage access, capital access for small businesses and other education resources in the northeast-side neighborhood.
State planning $35M archives building on Indianapolis’ near-east side
After a years-long search for a compatible site, the state intends to build the 50,000-square-foot building on state-owned land in a primarily residential area.
Indiana reports 51 more COVID deaths, drop in hospitalizations
More than 247,000 Hoosiers have already gotten vaccine boosters, after a daily increase of 5,690.
White House details plans to vaccinate 28M children age 5-11
Federal regulators will meet over the next two weeks to weigh the benefits of giving shots to children, after lengthy studies meant to ensure the safety of the vaccines.
Consumer goods behemoth P&G warns retailers to expect higher prices
Procter & Gamble, the maker of Pampers diapers, Tide detergent and Crest toothpaste, said it’s raising prices on a range of goods as higher commodity and freight costs are set to take a bite out of its profits.
Income test for Medicare dental under debate, gets pushback
The so-called “means test” is drawing internal opposition from many Democratic lawmakers, as well as advocacy groups for older people, like AARP.
Businesses nervously await fine print of federal vax-or-test rule
An obscure White House office is expected to give the green light any day to the rule’s fine print detailing how and when companies will have to require their employees to be vaccinated or undergo weekly testing.
Biden focuses on climate, families in trimmed $2T plan
The president met privately into the evening with nearly 20 centrist and progressive lawmakers in separate groups as Democrats appeared ready to abandon what had been a loftier $3.5 trillion package for a smaller, more workable proposal.
Shareholders OK Kite Realty’s acquisition of major competitor
Indianapolis-based Kite Realty Group Trust’s acquisition of Illinois-based Retail Properties of America Inc. is expected to close Thursday now that shareholders for both companies have approved the deal.
Facebook to pay more than $14M in U.S. settlement over discrimination against workers
Facebook has agreed to pay penalties over findings that the company’s hiring practices intentionally discriminated against Americans in favor of foreign workers, U.S. officials said Tuesday.
As Bitcoin goes mainstream, Wall Street looks to cash in
Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world’s most valuable company, Apple, and have amassed more than 200 million users. At that size, it’s simply too big for the financial establishment to ignore.