S&P 500 rallies to pre-pandemic level; Nasdaq hits record high
The S&P 500 climbed back within 4.5% of its own record, as optimism strengthens that the worst of the recession may have already passed.
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Most Indiana casinos ready to reopen next week under virus plans
The Indiana Gaming Commission required casino safety plans to include how they would encourage six-foot distancing between gamblers and limit the number of people at table games, along with requiring face masks for employees.
Shutdowns prevented 60M coronavirus infections in U.S., study says
The research suggests that the aggressive and unprecedented shutdowns, which caused massive economic disruptions and job losses, were effective at halting the exponential spread of the novel coronavirus.
Economists say recession official, ending nearly 11 years of growth
It’s possible that the recession could technically end soon, making it the shortest and deepest on record.
Anthem sued for denying claims for electrical stimulation to treat pain
The Indianapolis-based insurer says the treatments are “investigational”—or still under clinical study—but a California woman claims the electrical stimulation is FDA-approved and supported by numerous studies.
As business trickles back, hotels compete on cleanliness
Hotels see cleaning standards as a way to soothe jittery guests—and possibly win back business from rivals like home-sharing companies like Airbnb.
Anthem pledges $50M for racial injustice, health inequities programs
Indianapolis-based health insurer Anthem Inc. and its charitable foundation said the investments will reinforce long-standing partnerships with national and community organizations “that are working tirelessly to combat systemic racial inequality and health inequities.”
Indianapolis-based Hurco suffers largest quarterly loss since 2002
The Indianapolis-based machine tool manufacturer said shutdowns related to the COVID-19 pandemic had a dramatic effect on its sales.
State sees steep drop in reported cases; nursing home deaths top 1,000
According to new numbers released Monday by the Indiana State Department of Health, 1,011 deaths—or 47.4% of the state’s total—involved long-term-care patients.
Hogsett plans to spend $76M to help residents, businesses, government agencies affected by virus
The Indianapolis City-County Council is scheduled to meet at 7 p.m. Monday night to consider the proposal.
Owner iHeart Media switches local station to all-business format
The station, which had been identifying itself as 97.5 Kiss FM since August, is now known as Business News 97.5.
IBJ Podcast: Should the city help pay for damage done to businesses downtown?
Host Mason King talks with Stadium Village Business Association President Erica Wells and Mayor Joe Hogsett’s chief of staff, Thomas Cook, about how the city can help downtown and downtown businesses rebuild after the one-two punch of coronavirus and riots.
Indiana’s fall reopening guidance has schools worried about costs
Among the top and most costly challenges for districts will be restructuring operations to adhere to social-distancing protocols, transporting students, and hiring the additional staff to ramp up cleaning efforts.
Penske: Indy 500 to run in front of fans in August or be moved to October
NBC Sports said Saturday night’s season-opening IndyCar telecast drew nearly 1.3 million viewers, making it the most-watched series race outside the Indianapolis 500 on any network since 2016.
Businesses hurt first by virus, then looting, now sweating insurance
The civil unrest, vandalism and looting comes as business owners continue to cope with the economic impact of the COVID-19 outbreak, which also required them to analyze the fine print of their insurance policies.
Latest jobs report diminishes GOP appetite for more virus aid
With more people than expected returning to the workforce, the enormous sense of urgency that produced the first four federal pandemic aid bills has faded, along with the freewheeling dynamic that inflated the price tags.
Design: It might be time to upgrade that temporary home office setup
Realizing this is not as “temporary” a situation as you thought, you might be ready to trade in your metal folding chair for an ergonomic model or treat yourself to a set of new candy-colored Sharpies. Maybe your employer is even offering a stipend for workers in need of home office improvements.
Wine: Your go-to summer rosé has landed, and costs just $14
We have four rosés this week to drink on increasingly hot and humid days.
Bruce Lee ’30 for 30′ director says martial arts star is ‘the epitome of an American story’
The documentary, which debuted Sunday night as part of the network’s “30 for 30” series, devotes almost two-thirds of its running time to Lee’s experiences as a young man in the America of the 1960s. Of course, he never got to be an old man; he died in 1973 at 32, just as he had become an international sensation.
Mental health: I learned the impact of prolonged exposure to stress from my foster child
What is toxic stress? It’s prolonged adversity and/or abuse—not having enough to eat or being exposed to violence. It’s the kind of stress that puts you on edge and keeps you there, day after day after day.