After raising prices sharply, corporate profits get squeezed as inflation eases
Many analysts believe margins hit bottom in the second quarter, and they’re forecasting a recovery in the second half. Others are less optimistic.
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Weekly applications for jobless benefits slide to lowest level in 5 months
Despite the fastest interest rate hikes since 1989, the unemployment rate has hardly budged, remaining at a historically low 3.6%.
U.S. economy unexpectedly accelerated to 2.4% growth rate in Q2
Driving last quarter’s growth was a burst of business investment, which surged at a 5.7% annual pace, the fastest rate since late 2021.
UPDATE: State museum Imax calls off ‘Oppenheimer’ showings after projection issue
A nearly sold-out showing Wednesday morning abruptly stopped shortly after it started over the undetermined issue. The Indiana State Museum plans to resume showings Thursday after repairs.
North of 96th roundup: More sweet treats for the north side
Multiple retailers, restaurants and other businesses have recently opened or are planning new locations in the north suburbs of Indianapolis.
Biden looks to provide relief from extreme heat as record temperatures persist
President Joe Biden on Thursday plans to announce new steps to protect workers, improve weather forecasts and make drinking water more accessible, the White House says.
City deploys clinicians, specialists to deal with downtown mental health crises
Under a pilot program started this month, individuals in distress in downtown Indianapolis have been able to call 911 to receive assistance from the Clinician Led Community Response team.
Three Butler soccer players file federal lawsuit alleging abuse by former trainer
The lawsuit said the alleged acts took place while the athletic trainer was under the supervision of Butler University’s senior associate athletic director for student-athlete health, performance and well-being.
New SEC rule requires public companies to disclose cybersecurity breaches in 4 days
The new rules also require publicly traded companies to annually disclose information on their cybersecurity risk management and executive expertise in the field. The idea is to protect investors.
Indianapolis school districts see some staffing woes ease in new school year
Bus driver shortages and teaching vacancies worsened in the wake of the pandemic, but some districts say things are now looking up.
SEC proposes artificial-intelligence crackdown for Wall Street firms
Wall Street’s top regulator is moving to prohibit investment firms from using artificial intelligence to generate more business at the expense of their customers’ best interests, one of the first bids by a federal agency to craft rules for the technology.
Federal Reserve raises its key rate for 11th time in 17 months
In raising the benchmark short-term interest rate to its highest level since 2001, the Fed provided little guidance about when—or whether—it might hike rates again.
Major automakers unite to build electric vehicle charging network they say will rival Tesla’s
Seven major automakers say they will share in a multi-billion dollar investment to build “high power” charging stations with 30,000 plugs in urban areas and along travel corridors.
OurBus calls off Indianapolis-Chicago bus service
The service was launched after Indiana withdrew funding for Amtrak’s Hoosier State train service from Indianapolis and Chicago in July 2019.
Indiana lawmakers could further dilute state wetlands protections following SCOTUS decision
The Indiana Builders Association said the Supreme Court ruling provides builders and developers “more certainty in the federal permitting process,” and called the decision “a win for common-sense regulations and housing affordability.”
A Fed still wary of inflation set to raise rates to 22-year peak
The Federal Reserve’s increase would be its 11th hike in 17 months. As with its previous rate hikes, this one would likely further elevate the costs of mortgages, auto loans, credit cards and business borrowing.
Car buyers bear heavy burden as Federal Reserve keeps raising rates
A study by the New York Federal Reserve has found that 14% of applicants for auto loans were rejected over the past year—the highest such proportion since the New York Fed began tracking the figure in 2013.
Conner Prairie’s expansion plan moves forward with favorable recommendation
Conner Prairie’s plan to expand the outdoor living-history museum west of the White River received a boost Tuesday night from the Carmel Plan Commission.
Colts content playing waiting game with Richardson’s progression at QB
Anthony Richardson, the No. 4 overall draft pick, arrived at his first NFL training camp Tuesday at Grand Park in Westfield with big expectations.
Senators introduce college sports bill to standardize NIL rules, regulate collectives
Charlie Baker, president of the Indianapolis-based NCAA, called the legislation “a major step in the right direction.”
