White House announces nearly $1B in grants to expand internet access
The so-called middle mile grants are meant to create large-scale networks that will enable retail broadband providers to link subscribers to the internet.
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Teamsters expected to authorize a nationwide UPS strike for later this summer
Thousands of Teamster UPS drivers across the United States are expected to authorize a strike Friday, bringing the country a step closer to what would be among the largest work stoppages in decades.
Live Nation says customers will no longer see surprise ticket fees
The changes announced Thursday do not mean that company will eliminate the surcharges, but simply that the fees will be made clear to the consumer.
FDA advisers endorse updating COVID vaccines to target latest omicron strain
On Thursday, the Food and Drug Administration’s scientific advisers said the next round of shots in the U.S. should only include protection against the newest variants that are now dominant worldwide—a branch of the omicron family tree named XBB.
UPDATE: Fishers announces plans for $122.5M in new downtown developments
The projects include a $90 million age-restricted luxury apartment building and a $32.5 million “urban village” that will be anchored by a new headquarters for an Indianapolis-based multifamily developer.
Indianapolis restaurant The Block takes a spin on ‘Great Food Truck Race’
The new “The Great Food Truck Race” season on Food Network pits rookie operators against established kitchens on wheels.
Letters: Community banking focused on the future
Teachers Credit Union—rebranding as Everwise—cultivates renewable value for our customer-owners through a balanced, long-term, people-first approach.
U.S. factory output nearly stalls as sector struggles for traction
The latest federal report suggests manufacturers are growing cautious in the face of tepid global demand and equipment spending.
Housing slowdown leads to first annual drop in U.S. homeowner equity since 2012
All told, U.S. homeowners with a mortgage lost a combined $108.4 billion in home equity between the first quarter of last year and the first three months of 2023.
FDA advisers consider changing COVID vaccine to target latest omicron strain
COVID-19 vaccines are on track for a big recipe change this fall. Regulators will be making their best guess which strain to include, just like they do every year in setting the recipe for the fall flu vaccine.
Many Hoosiers aren’t making enough to afford rent, report finds
Being able to afford rent, according to the report, means spending no more than 30% of your income on housing. With fair market rent for a two-bedroom home at $988 per month, wages are just not keeping up.
Corporate 100 2023
IBJ’s Corporate 100 is our annual report on the state’s 50 largest public companies and 50 largest private companies. Corporate 100 also features our list of highest-paid public company executives, as well as Q&As with executives. Sponsored by: Sponsored by: Below, check out IBJ’s Indiana 100, our annual report on the state’s 50 […]
Number of Americans filing for jobless claims elevated for second straight week
The four-week moving average of claims, which flattens some of the week-to-week fluctuations, rose to its highest level since November 2021.
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.
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.
