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Financial firm with Fishers office accused of operating Ponzi scheme

August 14, 2024 | Susan Orr

The U.S. Securities and Exchange Commission has obtained a preliminary injunction and asset freeze against Drive Planning LLC, which is accused of operating a $300 million Ponzi scheme.

Mayor’s budget plan proposes $50M infrastructure TIF for downtown projects

August 14, 2024 | Taylor Wooten

The bonds could be used to help fund a list of downtown projects, including improvements to Georgia Street and multiple downtown underpass projects.

Indiana officials make major updates to high school diploma plan, earning higher ed support

August 14, 2024 | Casey Smith, Indiana Capital Chronicle

The announcement follows waves of criticism from Hoosier teachers, parents and students over earlier diploma proposals that would broadly exclude certain course requirements, like those in history, foreign language and fine arts. 

FTC ban on noncompete agreements comes under legal attack

August 14, 2024 | Associated Press

Some companies say a new rule created by the Federal Trade Commission will make it hard to protect trade secrets and investments they make in their employees.

Deal worth $30B putting M&M’s and Snickers alongside Cheez-It and Pringles

August 14, 2024 | Associated Press

M&M’s maker Mars Inc. is buying Kellanova Co., the maker of Pop-Tarts, in one of the biggest acquisitions of the year, vastly expanding the number of household-name brands under one roof.

Annual inflation level falls to 3-year low, setting up Fed for expected rate cut

August 14, 2024 | Associated Press

For nearly a year, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago, particularly for food, gas, rent and other necessities.

2024 20 in Their Twenties

Indianapolis-based financial wellness firm lands $4.5M venture investment

August 14, 2024 | Susan Orr

Local financial planning guru Peter “Pete the Planner” Dunn said the funding will help his company accelerate the development of an artificial-intelligence powered tool that will offer customized financial coaching.

Peter Dunn - Pete the Planner - 600 px

Google rolls out Pixel 9 phones earlier than usual as AI race with Apple heats up

August 14, 2024 | Associated Press

Although Pixel phones still represent a sliver of worldwide smartphone sales, they are still closely watched because they serve as Google’s platform for demonstrating the latest advances in the Android operating system that powers virtually every phone not made by Apple.

Noblesville announces plans for $67M apartment development at former milling site

August 14, 2024 | Daniel Bradley

Plans for The Granary call for a four-story building and parking garage with 225 luxury apartments, 5,000 square feet of retail space and about 300 parking spaces for residents and the public.

‘No tax on tips’ plans from Trump, Harris won’t do much for many tipped workers

August 13, 2024 | The Washington Post

Eliminating federal taxes on tips has suddenly emerged as just about the only idea that former president Donald Trump and Vice President Kamala Harris agree on—but experts say the proposal won’t have a big impact for most workers.

Lieutenant governor candidates debate property taxes, water rights

August 13, 2024 | Cate Charron

Republican Micah Beckwith, Democrat Terry Goodin and Libertarian Tonya Hudson spent most of Tuesday’s agriculture-focused debate arguing over whose tax policies would be most beneficial. 

United Auto Workers files federal labor charges against Trump, Musk

August 13, 2024 | The Washington Post

The charges filed with the National Labor Relations Board allege that, during their conversation on X, former President Donald Trump and Tesla CEO Elon Musk illegally threatened and intimidated workers who engage in protected labor activity, such as strikes.

Condoleezza Rice to speak in Indy as part of Economic Club series

August 13, 2024 | Mickey Shuey

Former U.S. Secretary of State Condoleezza Rice is scheduled to participate in a discussion with Mitch Daniels, the former Indiana governor and Purdue University president.

‘Stranger Things’ star to teach acting, singing classes in Indianapolis

August 13, 2024 | Dave Lindquist

Gaten Matarazzo, known for his portrayal of brainy adolescent Dustin Henderson, will teach Aug. 16 on the campus of Butler University.

Gaten Matarazzo

USPS revving up operations in new, 1.2M-square-foot distribution hub on former Navistar site

August 13, 2024 | Mickey Shuey

The United States Postal Service could consolidate some of its Indianapolis facilities into a massive regional distribution hub opening later this year on the city’s east side, occupying land that formerly housed a Navistar plant for many decades.

Indianapolis-based USA Gymnastics still fighting for Jordan Chiles’s bronze medal

August 13, 2024 | The Washington Post

USA Gymnastics said it would “continue to pursue every possible avenue and appeal process” after the Court of Arbitration for Sport said it would not reconsider its ruling that led to the revocation of Chiles’s Olympic bronze medal.

Judge spares Gary gunmaker lawsuit, rejects new law’s retroactivity

August 13, 2024 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

A Lake County judge on Monday declined to dismiss a long-pending lawsuit waged by the city of Gary against a range of gun manufacturers and dealers despite a state law designed to end it.

2024 20 in their Twenties: Morgan Allen

August 13, 2024 | Marc D. Allan

Morgan Allen oversees Indiana’s entrepreneurial ecosystem development initiatives, making entrepreneurship resources more accessible and equitable for Hoosier business founders.

2024 20 in their Twenties: Austin Baker

August 13, 2024 | Marc D. Allan

Austin Baker leads three regulatory analysts and manages regulatory filings for the Indiana Utility Regulatory Commission.

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