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.
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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.”
Twitter’s rebranding into X predicted to kill billions of dollars in brand value
It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it.
AI leaders warn Congress the technology could be used to create bioweapons
A trio of influential artificial intelligence leaders testified at a congressional hearing Tuesday, warning that the frantic pace of AI development could lead to serious harm within the next few years.
Battery maker EnerDel files for Chapter 7 bankruptcy
The company’s bankruptcy filing comes less than a month after it shut down its Andersen plant in a decision that blindsided employees.
Chevy Bolt EV returning to market, months after GM scrapped it
Demand appears to have been key. “We can’t build enough Bolts right now,” chief executive Mary Barra said during the company’s quarterly earnings call.
UPDATE: Noblesville eyes new site near I-69 for arena and conference center
The Board of Public Works and Safety on Tuesday morning will evaluate a bid proposal from Westfield-based Patch Development to build the facility in Noblesville’s recently established Innovation Mile corridor.
After slow start, some Indiana schools begin to hire adjunct teachers
Indiana lawmakers cleared the way last year for school districts to issue their own permits and hire adjunct teachers for hard-to-fill teaching positions.
UPS reaches pact with 340K union workers, averting potential calamitous strike
The Teamsters called the tentative agreement “historic” and “overwhelmingly lucrative.” It includes, among other benefits, higher wages and air conditioning in delivery trucks.
Biden administration proposes new rules to boost mental health coverage
The rules, if finalized, would force insurers to study patient outcomes to ensure the benefits are administered equally, taking into account their provider network and reimbursement rates and whether prior authorization is required for care.
U.S. consumer confidence jumps to a two-year high as inflation eases
Tumbling inflation and sturdy hiring have raised hopes the Fed just might pull off a so-called soft landing—slowing the economy just enough to tame inflation without tipping the United States into recession.