Sales of Indianapolis-area existing homes see September decline
Sales in central Indiana fell for the second time in three months last month as prices continued to escalate and inventories remained low.
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As supply chain troubles mount, Biden targets Los Angeles port
President Joe Biden said Wednesday that a new plan to keep a key U.S. port open “24 hours a day, seven days a week” would relieve pressure on an overworked supply chain that has frustrated Americans and blossomed into a major economic shortcoming.
Fed officials: Bond purchases could end by middle of 2022
Such a move would mark the Fed’s first step back from the extraordinary efforts it has made to stimulate the economy in the wake of the pandemic.
More questions about J&J vaccine boosters ahead of FDA review
FDA scientists didn’t reach a firm conclusion about whether there’s enough evidence for J&J boosters, citing shortcomings with the company’s data and little information on protection against the extra-contagious delta variant.
Indiana reports 2,773 new COVID-19 cases, 32 more deaths
Statewide hospitalizations due to COVID-19 decreased from 1,729 on Monday to 1,708 on Tuesday. More than 21% of Indiana’s intensive care unit beds are occupied by COVID patients.
Heating bills set to soar as inflation hits energy prices
With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter.
FDA authorizes first e-cigarette, cites benefit for smokers
The Food and Drug Administration said the vaping device from R.J. Reynolds can help smokers cut back on conventional cigarettes.
Todd Young raises record $1.6M in third quarter
Young’s campaign said the amount was the largest raised in the third quarter during the off-year of a U.S. Senate campaign by an Indiana candidate.
Unsupported ‘sickout’ claims take flight amid Southwest woes
Neither the company nor its pilots’ union has provided evidence to back up their explanations for why nearly 2,400 flights were canceled from Saturday through Monday.
Carmel used-car auction company sold to New York firm
Detroit-based private equity firm Huron Capital has sold XLerate Group—a company it formed in 2014— to a firm in New York.
Inflation rises 5.4% from year ago, matching 13-year high
The unexpected burst of inflation this year reflects sharply higher prices for food and energy, but also for furniture, cars, televisions, and other largely imported goods.
Social Security cost-of-living adjustment largest in decades
The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.
Artificial intelligence consultant opens downtown office, plans to hire 38
Atrium is led by CEO Chris Heineken, the former chief operating officer of Indianapolis-based cloud consulting firm Appirio.
High Alpha launches Pillar, which aims to help clients do better interviews
According to High Alpha, Pillar uses artificial intelligence and provides in-interview coaching to help companies assess a candidate’s fit for a job during the interview process.
Report: Local Black, Hispanic children face ‘chronic lack of access’ to quality education
For students in Marion County, the deficiency begins in preschool and lasts until they’re preparing for college, according to a new report commissioned by the Indianapolis-based Richard M. Fairbanks Foundation.
FDA review finds Moderna booster strengthens COVID-fighting response
On Thursday, advisers are expected to consider data supporting a third shot of Moderna, which would be the equivalent of a half-dose of the original shot. The booster would be administered at least six months after initial vaccination.
Indiana’s COVID-19 vaccination pace falls to lowest level
The state health department’s tracking shows Indiana giving about 6,000 shots a day through last week—about half the rate from early September.
Pelosi prepares Dems to scale back $3.5T spending package to $2T
House Speaker Nancy Pelosi said there are “important decisions to make in the next few days” if they hope to forge a legislative compromise that the fuller party, including its spending-weary centrists, ultimately can support.