U.S. consumer prices rise at brisk pace for second straight month
Recent inflation data underscore how a strong labor market is underpinning consumer demand, which risks keeping price pressures above the Fed’s target.
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IRS says Microsoft might owe about $29B in back taxes
That figure, which Microsoft disputes, stems from a long-running IRS probe into how Microsoft allocated its profits among countries and jurisdictions in the years 2004 to 2013.
City of Indianapolis announces $4M in mental health, juvenile justice grants
The money comes from the city’s allotment of federal COVID-19 relief funds.
Social Security benefits to increase by 3.2% in 2024
Next year’s hike follows this year’s 8.7% benefit increase, which was brought on by record 40-year-high inflation.
Construction begins in Noblesville on $39M luxury apartment building for seniors
The project is HighGround’s third age-restricted luxury apartment development in Hamilton County following GrandView, which is under construction in Westfield, and CityView, which is planned in Fishers.
Republicans fail to coalesce around speaker choice, leaving U.S. House in limbo
Majority Leader Steve Scalise was nominated for speaker by a majority of Republicans early Wednesday. But a significant number of Republicans said they planned to protest his official election.
UAW escalates strike as 8,700 workers walk out at Ford’s Kentucky Truck Plant in Louisville
The surprise move at about 6:30 p.m. Wednesday took down the largest and most profitable Ford plant in the world. The sprawling factory makes pricey heavy-duty F-Series pickup trucks and large Ford and Lincoln SUVs.
Eleven Indiana school districts seeking tax increases in November elections
Among those in Indiana seeking property tax increases are three districts in Hamilton County.
Most U.S. households expected to pay less for heat this winter
Citizens Energy Group, which provides utility services to 900,000 people in the Indianapolis area, said Wednesday that it projects monthly natural gas heating bills will decrease during the winter heating season.
Fed officials signal cautious approach to rates amid heightened uncertainty
Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully.”
Rapid change on near-north side continues with $45M housing development
The Stella, when completed, will provide 166 new, mixed-income housing units and retail space in the 1800 block of North Meridian Street. A groundbreaking for the project took place Wednesday.
Wholesale inflation rises 2.2% in biggest year-over-year gain since April
The numbers, driven by an uptick in the price of goods, came in higher last month than economists had expected.
Detroit automakers, union leaders spar over 4,800 layoffs at non-striking factories
The UAW contends that the layoffs are unjustified and were imposed as part of the companies’ pressure campaign to persuade union members to accept less favorable terms in negotiations with automakers.
Republicans nominate Steve Scalise to be House speaker
Scalise, as the second-ranking Republican, is seen as a hero among colleagues for having survived severe injuries from a mass shooting during a congressional baseball practice in 2017. He is now battling blood cancer.
Indiana lawmakers push for better data on higher education cost, debt
Indiana lawmakers on Tuesday reviewed the results of a “first-of-its-kind” request of higher education cost and debt data—and found it lacking.
Jet Access moving headquarters from Greenfield to Fishers
Jet Access intends to relocate 63 corporate employees from offices in the Indianapolis area as part of the move and hire 20 more employees in Fishers by 2025, according to the city.
Stellantis, Samsung SDI to spend $3.2B on second EV battery plant in Indiana, hire 1,400
The Indiana Economic Development Corp. is committing a state-record incentive package to the joint venture for the second plant, topping the previous record-setting package pledged for the first plant last year.
Pushback continues against genetically modified salmon raised at Indiana farm
“AquAdvantage” salmon, engineered by biotech company AquaBounty Technologies, most recently drew criticism from environmental advocates at the 2023 Farm Aid event.
