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How the stock market defied expectations again this year, by the numbers

December 26, 2024 | Associated Press

U.S. stocks soared higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. Here’s a look at some of the numbers that defined the year.

Hickory Junction’s next phase to include 450-plus housing units, commercial space in Lebanon

December 26, 2024 | Daniel Bradley

Card & Associates is making plans to grow Hickory Junction, which already includes the $31 million Farmers Bank Fieldhouse and two planned hotels.

Indiana lawmakers face tough decisions on education funding

December 26, 2024 | Aleksandra Appleton, Chalkbeat Indiana

Many of the priorities related to K-12 that Republican leaders outlined for next year, like expanding school vouchers and limiting property tax hikes, come with a price tag.

Statehouse

FDA set to phase out leading decongestant in many cold medicines

December 26, 2024 | Associated Press

Phenylephrine is used in popular versions of Sudafed, Dayquil and other medications, but experts have long questioned its effectiveness.

NBA ratings are down. Three-pointers are up. And the discourse is everywhere.

December 25, 2024 | The Washington Post

The NBA signed 11-year, $76 billion broadcast contracts this year, but that euphoria has given way to a winter of discontent for the league.

Fate of Trump’s Cabinet picks unclear as Republicans prepare to take power in Senate

December 25, 2024 | Associated Press

Republicans are under more pressure than usual as Trump and his allies make clear that they will confront senators who don’t fall in line.

Caitlin Clark honored as AP Female Athlete of the Year

December 24, 2024 | Associated Press

The Indiana Fever superstar raised the profile of women’s basketball to unprecedented levels in both the college ranks and the WNBA, and earned the award for her impact on and off the court.

Biden vetoes Young-backed legislation to add 66 federal judgeships, including in Indiana

December 24, 2024 | Associated Press

Biden said the bill would also have created new judgeships in states where senators have not filled existing judicial vacancies.

Biden will decide on US Steel acquisition after influential panel fails to reach consensus

December 24, 2024 | Associated Press

Nippon Steel of Japan has pledged to invest $2.7 billion in U.S. facilities, including blast furnaces in Gary and in Pennsylvania.

UPDATE: American Airlines operations up and running again after technical issue grounded US flights

December 24, 2024 | Associated Press

In social media replies to frustrated travelers, the airline said: “Our team is currently working to rectify this. Your continued patience is appreciated.”

Damien Center planning 40-unit apartment project next to future headquarters

December 24, 2024 | Mickey Shuey

The nonprofit, Indiana’s largest and oldest AIDS service organization, hasn’t finalized a budget for the project, but early estimates place the cost between $12 million to $15 million.

Riley announces new president, its fourth in a decade

December 23, 2024 | John Russell

Riley Children’s Health soon will be led by a new administrator who will oversee its growth across the state and run its downtown anchor, Riley Hospital for Children, which turned 100 years old this fall.

Solar energy group nabs $117M to help underserved communities, low-income residents

December 23, 2024 | Daniel Lee

Residents could have solar panels installed on their rooftops. Or a renter could subscribe to community solar “micro-grids” that can reduce their bills.

Pre-design funds approved for proposed Indiana judicial building

December 23, 2024

Proposals to construct a new building to house the state’s courts have been tossed around for decades. To get the ball rolling, Indiana budget regulators last week approved a $5 million request for pre-design funds.

Nissan, Honda to attempt merger that would create world’s No. 3 automaker

December 23, 2024 | Associated Press

The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.

The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection

December 23, 2024 | Associated Press

The filing arrives two weeks after the trading of company shares was suspended by the New York Stock Exchange. Under Chapter 11 protection, The Container Store will continue to operate while it restructures.

Nordstrom to be acquired by Nordstrom family and Mexican retail group for $6.25B

December 23, 2024 | Associated Press

Nordstrom’s board of directors unanimously approved the the proposed transaction, while top executives Erik and Pete Nordstrom—part of the Nordstrom family taking over the company—recused themselves from voting.

Grand Universe CEO sued by chief operating officer over alleged non-payment of salary

December 23, 2024 | Daniel Bradley and Mickey Shuey

Kurt Williams claims Grand Universe Space Science Institute Inc. has failed to pay him more than $2 million since he began working for the company in 2015.

The 10 most-downloaded IBJ Podcast episodes of 2024

December 22, 2024 | Mason King

At the top of the list is host Mason King’s interview with Chick McGee, who has been a fixture on Indianapolis radio for 38 years as a cast member of “The Bob & Tom Show.”

For the middle class, fewer gifts under the tree this year

December 22, 2024 | The Washington Post

The middle class is paring back on holiday gifts this year, reflecting a widening inflation-fueled spending gap between the country’s wealthiest and everyone else.

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