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Walmart rolling back DEI commitments amid conservative backlash
The retailer has replaced the term DEI with “belonging” and no longer plans to consider race and gender when choosing suppliers—the latter a practice it adopted after the 2020 murder of George Floyd.
U.S. consumer confidence ticks higher on better outlook for hiring
The Conference Board doesn’t break out its responses by party, but another measure of consumer sentiment by the University of Michigan showed that optimism about the economy jumped among Republicans after the election.
Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting.
Speedway economic development leader to depart, join Indy DMD
Carmen Lethig held the economic development role for nine months, following more than four years as administrator of long-range planning with the city of Indianapolis.
Zionsville receives $4M from state grant fund for infrastructure projects south of Village
Among the projects: A dog-bone-style roundabout will connect Main Street and First Street, and another roundabout would be built to the north at Sycamore Street and First Street.
Small business owners breathe easier over labor costs after decision to strike down overtime rule
On Nov. 15, a federal judge in Texas blocked a new rule from the Biden administration that would have expanded access to overtime pay to millions more salaried workers across the U.S.
Pair of apartment projects in works along MLK in downtown’s northwest quadrant
The developments, known as The Kennedy and The Chloe, will offer market-rate and workforce housing options for residents near IU Indianapolis and IU Health’s $4.3 billion hospital campus.
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Indiana ratepayer advocates hail ‘landmark’ settlement with data centers, utility company
If state regulators approve the settlement, it’ll also apply to new industrial customers with large electric loads.
Triton Brewing Co. to close after 13 years at Fort Ben
Triton Brewing Co., known for its Rail Splitter IPA, was an early participant in the rise of Indianapolis craft beer makers.
Lilly shares get bump from pricey Biden proposal for covering weight-loss drugs
While the proposed rule would give millions of people access to weekly injectables like Eli Lilly and Co.’s Zepbound that have helped people shed pounds, it would cost taxpayers as much as $35 billion over the next decade.
UPDATE: Meta’s planned $800M investment in Lebanon could lead to $4.8B, mayor says
The Lebanon City Council on Monday night approved the creation of a tax-increment financing district and performance-based incentives to try to secure a deal with the parent of Facebook and Instagram.
Anderson-based credit union opening Martin University office
Anderson-based Lampco Federal Credit Union has formed a partnership with Martin University and plans to open a part-time office at the Indianapolis school within weeks. It’s part of Lampco’s broader push to gain members in Marion, Hamilton and Hancock counties.
Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office
The tariffs, if implemented, could dramatically raise prices on everything from automobiles to agricultural products. It is unclear whether Trump will actually go through with the threats or if he’s using them as a negotiating tactic.
Trump efficiency guru Ramaswamy could benefit from crusade against FDA
Vivek Ramaswamy owns about $670 million in shares of Roivant Sciences, which is pursuing studies for three drugs that could land before the FDA during Donald Trump’s second term.
Thousands of Microsoft 365 users report outage issues
Microsoft shared at midday Monday hat it was deploying a fix, but the company later noted that targeted restarts were taking slower than expected for the majority of affected users.
Appeals court rules former COO did not violate noncompete agreement
Judge Nancy Vaidik wrote that Greenwood-based RevOne Cos. failed to demonstrate that its former chief operating officer took or threatened to take its confidential information.
