U.S. employers added fewer-than-expected 187,000 jobs in July
Despite the influx of workers, average hourly wages rose 0.4% from June and 4.4% from a year earlier—numbers that were hotter than expected and are likely to worry the Federal Reserve.
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Riley Children’s Foundation lands $10M gift from Walther Cancer Foundation
Walther will provide a one-for-one match for donors who establish endowed children’s cancer research funds at Riley Children’s Foundation, a move that could result in at least $20 million for research of new treatments of children’s cancers.
Fact-checking claims made in Indy mayoral campaign ads
Indianapolis Mayor Joe Hogsett and Republican challenger Jefferson Shreve are engaged in a costly campaign advertising fight, which culminated this week with the Shreve campaign demanding that local TV stations pull Hogsett’s latest ad. IBJ has seized the moment to fact-check several ads.
Bloomington-based angel investor fund has big growth plans
Dimension Mill just closed its fourth angel investors’ fund this week, with $1.08 million from 52 investors. The fund has been so successful since the program’s launch in 2020 that Dimension Mill is planning significant expansion to spur more investment activity.
Good vibes put you in a philanthropic mood, researchers say
Although images of suffering—aka “sadvertising”—motivate some people to give to not-for-profits, organizations also can benefit from a feel-good approach, the study says.
Lilly sued for alleged failure to warn about ‘severe’ side effects of diabetes drug
Indianapolis-based Eli Lilly and Co. and the maker of popular diabetes drug Ozempic are accused of failing to warn consumers and physicians about the risk of “severe gastrointestinal events” resulting from the use of two diabetes drugs.
Trump pleads not guilty to charges that he plotted to overturn election
Former President Donald Trump entered his plea in the federal courthouse that sits just blocks away from where his angry supporters stormed the Capitol in an effort to keep him in power.
Half of Indiana high schoolers feel hopeless. So why is mental health care controversial?
Mental health needs are at a peak among U.S. children and teens, but mental health support is facing an onslaught of criticism from political parent activists who say schools should strictly focus on academic instruction.
Amazon reports better-than-expected revenue, profit for 2Q
Amazon’s flagship online retail business, which had slowed dramatically following a boom earlier in the pandemic, grew 5%, its best showing since the third quarter of last year.
Rock bands to converge for Back Alley Ballyhoo in Fountain Square
Atlanta-based Lunar Vacation and Indianapolis-based Cairo Jag preview the Back Alley Ballyhoo psych rock festival.
Ex-employee of Carmel firm sentenced to nearly 5 years in prison over embezzlement
Lisa Raines is the third former employee since 2021 to be sentenced to federal prison for defrauding the travel insurance company—all in unrelated cases.
Weekly applications for U.S. jobless aid tick up from 5-month low
While some industries—such as manufacturing, warehousing, and retail—have slowed their hiring in recent months, they aren’t yet cutting jobs in large numbers.
USA Gymnastics signs 5-year deal with Nike in sign of trust in post-Nassar era
The sponsorship deal, which Indianapolis-based USA Gymnastics says is the largest ever both in terms of annual value and total value for the national governing body, runs through the 2028 Los Angeles Olympics.
Tony Dungy not-for-profit All Pro Dad gets state dollars, but little scrutiny
Legislators in 2021 decided to allocate $250,000 each budget year to All Pro Dad. The General Assembly upped the amount to $350,000 earlier this year.
Westfield trio planning to open dog bar at Grand Park Village
Plans for Crate Escapes include a 10,000-square-foot indoor area and a two-acre outdoor space where dogs can run and play while their humans enjoy food, drinks, games and the sight of canines romping around.
Taylor Swift concerts announced for Lucas Oil Stadium
Music superstar Taylor Swift is planning to bring her The Eras Tour to Lucas Oil Stadium in Indianapolis in 2024.
Big Ten having preliminary conversations about more expansion, sources say
A group of Big Ten Conference presidents has begun discussing the possibility of adding more West Coast schools to the conference if the Pac-12 continues to crumble, two people familiar with the conversations said.
Lawsuits show emerging rift between employers, health insurers
After years of ever-inflating medical costs, American companies and union benefit plans have alleged in a series of lawsuits that the country’s biggest health insurers, including Indianapolis-based Elevance Health, are squandering their money.
Gas prices hit their highest level this year as heat hampers refineries
The average price for a gallon of regular-grade gas in the United States reached $3.80 on Wednesday, 26 cents more than a month ago, according to data from AAA.
Credit downgrade for federal government shocks Biden aides, as more debt fights loom
While it caught the White House by surprise, the decision to downgrade U.S. government debt reflects Washington’s persistent battles over rising federal debt, now projected to approach levels unseen since the end of World War II.
