All eyes are on Nvidia’s stock, so what’s been going on?
Early last week, Nvidia overtook Microsoft as Wall Street’s most valuable public company. Then it fell 13% over three days, its worst such stretch since 2022.
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NCAA council votes to remove cannabis from banned drug list
Any penalties currently being served by student-athletes who previously tested positive for cannabinoids will be discontinued.
Outdoor retailer L.L. Bean to open first Indianapolis store
The 16,500-square-foot store will take over part of a space previously occupied by a Buy Buy Baby that closed in 2023.
U.S. House reps for Indiana collect almost $200K in meal, lodging reimbursements
Five of Indiana’s nine U.S. reps received more than the $18,000 average reimbursement from the new program that allows federal lawmakers to recoup expenses without providing receipts.
Consumer confidence in U.S. falls in June as Americans fret about near-term prospects
Despite better-than-expected job gains in May, there is some visible weakening in the labor market. Job postings for April hit their lowest level since 2021 and the number of Americans who are receiving unemployment benefits has risen for seven straight weeks.
Ford recalls 550K-plus pickup trucks because transmissions can suddenly downshift
The recalls come after U.S. auto safety regulators in March began investigating complaints that more than 540,000 Ford pickup trucks from 2014 can abruptly downshift to a lower gear and increase the risk of a crash.
Cummins plans to ‘streamline’ operations, cut jobs after 2023 buyouts
A company spokeswoman told IBJ that the new workforce reductions are related to Destination Zero—the company’s previously announced goal of achieving zero emissions by 2050.
Applications for new homes rise for 11th straight month in Indy area
However, the central Indiana homebuilding market has lost much of the velocity that characterized the first couple of months of 2024.
Carmel-based transmission operator warns of electric capacity deficit over many states
Midcontinent Independent System Operator, which serves Indiana, 15 other states and a Canadian province, could face a capacity deficit as soon as next summer.
Indiana State Fair to mark Beatles anniversary with concerts, exhibit
Fair adds Beatles tribute band from Cleveland and a Paul McCartney-themed show presented by a former “Beatlemania” cast member.
City’s strategy for excavating graves on site of Henry Street bridge project shifts to archaeology-first approach
The city has hired a Canadian company that helped relocate remains during the Indianapolis International Airport terminal project.
Prosecutors recommend Justice Dept. charge Boeing over 737 Max crashes, sources say
The Justice Department in May said Boeing had violated terms of a 2021 “deferred prosecution agreement” that would have allowed the company to avoid criminal prosecution in exchange for meeting a number of conditions.
Judges in Missouri, Kansas temporarily halt part of Biden’s student debt forgiveness plan
The judges’ rulings prevent the U.S. Department of Education from helping many of the intended borrowers ease their loan repayment burdens going forward under a rule set to go into effect July 1.
Car dealerships in North America revert to pens and paper after cyberattacks
CDK Global, a company that provides software for thousands of auto dealers in the U.S. and Canada, was hit by back-to-back cyberattacks Wednesday. That led to an outage that has continued to impact operations.
Summer camps are for getting kids outdoors, but more frequent heat waves force changes
American summer camps have had to adapt as climate change fuels extreme heat events that can start earlier in the season and keep heat lingering well into the night.
U.S. Olympic Swim Trials pool punches ticket for Fort Wayne
Greater Indianapolis has 16 50-meter pools. Fort Wayne only has one, and it’s used by nine high schools.
Franciscan Alliance sued by Indy physician for breach of contract, interfering in practice
Dr. Greg Hardin, an orthopedic surgeon who specializes in sports medicine, claims that Franciscan Alliance engaged in conduct harmful to his practice over the course of several years.
UPDATE: Economic impact of WWE events in Indy projected at $350M
The deal is expected to run at least eight years and will include Royal Rumble in 2025, WrestleMania, which has taken place in Indianapolis only once before in 1992, and SummerSlam.
Apple accused of violating EU’s new tech competition rules
In a set of preliminary findings, the European Union found the company to be the first in breach of the Digital Markets Act, a sweeping set of rules designed to prevent Big Tech from stifling competition.
Premiums return for Indiana’s HIP, CHIP Medicaid enrollees
For the first time in years, certain Indiana Medicaid beneficiaries will start paying premiums again—a concern for advocates who say that enrollees are unprepared and point to federal concerns about the rule’s effectiveness.
