House OKs debt ceiling bill, sends Biden-McCarthy deal to Senate
The hard-fought deal to avoid a default crisis pleased few, but lawmakers assessed it was better than the alternative—a major economic upheaval if Congress failed to act.
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Fed likely to skip interest-rate hike in June, officials signal
Leading Federal Reserve officials are sending out stronger signals that they will forego an increase at the central bank’s next meeting, though they indicate hikes could resume later this year.
Mike Pence to launch campaign for president in Iowa next week
The former Indiana governor’s campaign is expected to lean heavily on town halls and retail stops aimed at showcasing his personality as he tries to emerge from former President Donald Trump’s shadow.
Keystone holds groundbreaking ceremony for $1B Eleven Park development
The project is set to occupy the 20-acre Diamond Chain manufacturing site along Kentucky Avenue, just blocks from Lucas Oil Stadium, with some portions—including the stadium—set to be completed by summer 2025.
Eli Lilly settles class-action insulin lawsuit for $13.5M
Under the agreement, Lilly has agreed to continue its cap on out-of-pocket costs for its users at $35 a month for four years.
Chreece unveils artist lineup for Fountain Square hip-hop festival
More than 80 performances are planned at eight venues when the sixth edition of Chreece is presented in August.
CEO pay hikes at S&P 500 companies slowed in 2022
Pay disparity between chief executives and rank-and-file workers, which has been widening for years, narrowed only slightly.
Dance Kaleidoscope hires Joshua Blake Carter as artistic director
Atlanta native Carter becomes the fifth artistic director in Dance Kaleidoscope’s 50-year history.
U.S. job openings rise unexpectedly to highest mark since January
The resilience of the American labor market continues to complicate the Federal Reserve’s efforts to fight inflation.
KSM exec Luke Bosso to lead IUPUI athletics program
Bosso joins IUPUI a little more than a year before the school transitions to Indiana University Indianapolis at the start of the 2024-2025 academic year.
TSA records busiest day since 2019 amid smooth holiday for air travel
The figures are an early sign of strong travel demand as summer arrives and an indication that the system is ready for heavy volumes of passengers, with few disruptions reported in recent days.
Debt ceiling package heading toward crucial U.S. House vote
President Joe Biden and Speaker Kevin McCarthy are assembling a coalition of centrist Democrats and Republicans to push the package to passage over fierce blowback from conservatives and some progressive dissent.
Local cold storage firm founded in 1951 acquired by South Dakota biz
MW Cold, a fourth-generation company that operates two large cold-storage facilities in central Indiana, is under new ownership.
As Supreme Court considers affirmative action, colleges see few other ways
As the Supreme Court decides the fate of affirmative action, colleges nationwide are bracing for setbacks that could erase decades of progress on campus diversity.
Indy 500 viewership bounces back after low ratings in 2022
This year’s Indianapolis 500 attracted an average of 4.92 million viewers during the afternoon broadcast by NBC and Peacock.
Arrow McLaren calls off Whitestown move, to take over Andretti HQ in Indy
The decision comes one year after McLaren said it would spend $25 million to build a 97,000-square-foot facility in Whitestown to house its Arrow McLaren SP IndyCar team, workshops and a training center.
TWG plans $17M revamp of Meridian Street apartment tower
The Indianapolis-based company expects to renovate all 96 units in the vacant Grand Meridian apartment building, as well as replace its windows, roofing and other building infrastructure.
RH, DSW stores on the move along 86th/82nd Street corridor
A former Bed Bath & Beyond location will become home to RH and DSW, two retailers familiar to shoppers along the north-side corridor.
U.S. consumer confidence declines for 4th time in 5 months
Consumer confidence fell in May as Americans became more pessimistic about the labor market, on top of elevated anxiety over inflation.