Number of Americans filing for jobless benefits jumps to highest level in 10 months
Though this week’s number seems relatively high, it’s still within a range that reflects a healthy labor market.
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Epcon Communities planning 80-home development in Westfield
The Westfield City Council heard plans for the proposed 36-acre Courtyards of Cielo Ranch and also approved plans for a 13-acre, age-restricted community called Vita of Westfield.
IndyCar moving to Fox Sports in 2025 after 16 seasons with NBC
Fox promised all the races would be broadcast nationally, as well as qualifying for the Indy 500.
Ambrose Property Group building $75M industrial park in Whitestown
Two 233,000-square-foot buildings are under construction at the site, while a 248,000-square-foot building will be developed as a build-to-suit project.
Sony Pictures buys Alamo Drafthouse theater chain beloved by movie buffs
Indianapolis is expected to get its first Alamo Drafthouse this year at 3898 Lafayette Road, in the International Marketplace neighborhood by Lafayette Square.
IEDC announces $27.1B in pledged investments so far in 2024
This year-to-date total investment figure nearly eclipses last year’s total, which was a record of $28.7 billion.
Joey Chestnut to compete against ‘fiercest rival’ in Netflix competition
After organizers for Nathan’s Famous Fourth of July hot dog-eating contest said Joey Chestnut wouldn’t compete this year because of a deal with a rival brand, Netflix swiftly announced a new hot dog-eating competition that will feature Chestnut against Takeru Kobayashi.
Grand Park considered as team training base camp site for 2026 World Cup
| Mickey Shuey and Associated Press
FIFA announced Wednesday that Westfield’s Grand Park Sports Campus was selected as one of 24 potential locations to serve as a team base camp training site during the early rounds of the 48-country soccer tournament that will be played in the United States, Mexico and Canada in June and July 2026.
Federal Reserve sees some progress on inflation, but envisions just one rate cut this year
The policymakers’ forecast for one rate cut was down from a previous forecast of three, likely because inflation, despite having cooled in the past two months, remains persistently elevated.
Simon unveils plans for office building, new retail at Fashion Mall
Plans call for up to 100,000 square feet of Class A office space, as well as a new standalone building, a small plaza, and new restaurant and entertainment offerings.
Looking to expand, Cafe Patachou owner partners with private equity firm
Martha Hoover and Won’t Stop Hospitality Inc. announced Wednesday an investment from North Carolina-based Hargett Hunter Capital Management that is expected to accelerate her goal of opening more restaurants.
Southern Baptists narrowly reject formal ban on churches with any women pastors
Southern Baptists meeting in Indianapolis narrowly rejected a proposal Wednesday to enshrine a ban on churches with women pastors in the denomination’s constitution.
Michigan’s largest insurer to drop weight-loss drug coverage
Obesity drugs such as Novo’s Wegovy and Lilly’s Zepbound are exploding in popularity. But with list prices of $1,000 a month or more, insurers are balking at the prices and trying to limit how widely they’re used.
Inflation cooled slightly in May in sign price pressures might be easing
Federal Reserve officials, who will end their latest policy meeting later Wednesday, are scrutinizing each month’s inflation data to assess their progress in their fight against rising prices.
Dean and Barbara White Family Foundation to award $150M for Catholic education
The foundation said the gift is believed to be the single largest donation to preK-12 Catholic education in the country’s history.
INDOT approved for $255M in funding for welcome center projects
The projects are part of INDOT’s Rest Area & Welcome Center Improvement Plan, which will ultimately improve 21 rest area and welcome centers across the state over the next 10 years.
Waffle House raises worker pay after strikes, pressure from labor organizers
Waffle House CEO Joe Rogers III said wage increases will be paid for by higher menu prices. There are more than a dozen Waffle House locations in Indianapolis and surrounding communities.
U.S. consumer agency proposes to ban medical debt from credit reports, loan decisions
The rules would ban credit reporting agencies from incorporating medical debt when calculating credit scores. They would also bar lenders from using medical debt to determine loan eligibility.
Thousands of drivers file arbitration claims against Amazon for unpaid wages, other losses
Two law firms spearheading the action said about 15,860 Amazon Flex drivers have submitted arbitration claims with the American Arbitration Association, where 453 similar cases are already being litigated.
Joey Chestnut ‘gutted’ to be out of July 4 hot dog eating contest over brand dispute
Westfield resident Chestnut, the reigning champion of the Nathan’s Famous Fourth of July hot dog eating contest, will not participate in this year’s event after signing a deal with a rival brand, organizers said Tuesday.
