Retail sales rise 0.3%, helped by stronger sales at auto dealers
Spending increased at online retailers and at restaurants and bars. Department stores, electronic stores, and furniture stores also posted increases.
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Missouri-based Wally’s planning mega travel center off I-65 in Whitestown
Plans call for the business to feature a 45,000-square-foot store with a food court, gift shop, convenience store and restrooms; 80 gas pumps; and 15 to 20 electric vehicle charging stations.
Inside the massive new Walmart fulfillment center in McCordsville
Walmart on Thursday will host a ceremonial grand opening for the 2.2 million-square-foot, three-story facility, which will eventually employ up to 1,000 people.
Fed Chair Powell sees progress on inflation, though not enough
Chair Jerome Powell offered a nuanced view Wednesday of how the Federal Reserve intends to address its core challenge at a time when inflation is both way below its peak but still well above the central bank’s 2% target.
Ex-congressman Buyer seeks to avoid prison for insider trading conviction
Former Indiana congressman Steve Buyer of Noblesville was convicted by a jury in Manhattan federal court in March of four securities fraud charges.
Bud Light, top U.S. seller since 2001, loses sales crown after backlash
Mexican lager Modelo Especial overtook Bud Light in U.S. retail dollar sales in the month ending June 3.
Ex-Starbucks manager awarded $25.6M in suit over firing
Jurors in federal court have awarded $25.6 million to a former Starbucks regional manager who alleged that she and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philadelphia location in 2018.
IU, Purdue sign off on realignment that promises growth for both schools in Indianapolis
The votes came 10 months after the two institutions signed a memorandum of understanding in which they agreed to retire the IUPUI name, rebrand the 536-acre campus and operate independently in the state’s capital city.
Judge hears bid to block Indiana’s ban on gender-transition care for minors
A federal judge in Indianapolis made no immediate ruling after hearing about 90 minutes of arguments from the Indiana attorney general’s office and the American Civil Liberties Union of Indiana, which is seeking a preliminary injunction.
Fed keeps rates unchanged for first time in 15 months, but signals more hikes
The Fed’s move to leave its benchmark rate at about 5.1%, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.
Indiana’s school voucher program grew 20% last year
Voucher participation and spending are expected to jump even more this fall after state lawmakers expanded the program to be nearly universal and open to almost all Hoosier families.
Marijuana, tax reform among interim study committee topics
Other topics include a review of crime trends, traffic fatalities and an analysis of the state’s Medicaid reimbursement rates.
Purdue football commentator Pete Quinn to retire after 2023 season
Before talking about Purdue football on the radio, Pete Quinn was the starting center for the Boilermakers from 1977 to 1980.
Inflationary pressures ease, as producer prices drop 0.3%
On a month-to-month basis, overall producer prices have now dropped three of the last four months.
AI chip race heats up as AMD introduces rival to Nvidia technology
AMD joins a growing list of technology companies trying to take advantage of a broader interest from businesses looking for new AI tools that can analyze data, help make decisions and potentially replace some tasks currently performed by human workers.
Nucor to add $115M manufacturing plant, 200 jobs in Indiana
The facility will support the steelmaker’s recently established Towers & Structures business unit, which manufactures a variety of utility structures, including engineered poles, light-duty poles and substation structures.
Styx, CeCe Winans added to Indiana State Fair concert lineup
The Indiana State Fair on Wednesday announced five concerts and a 1990s-themed dance party as part of the Hoosier Lottery Free Stage series.
Federal Reserve is likely to skip rate hike this month, yet signal more to come
The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation.
IU, Purdue trustees to vote on IUPUI realignment plan
The vote comes 10 months after the two institutions signed a memorandum of understanding in which they agreed to retire the IUPUI name and rebrand the 536-acre campus as Indiana University Indianapolis.
Trump pleads not guilty to federal charges that he illegally kept classified documents
The indictment unsealed last week charged Trump with 37 felony counts—many under the Espionage Act—that accuse him of illegally storing classified documents in his bedroom, bathroom, shower and other locations at Mar-a-Lago.